Ames National Corporation reported unaudited consolidated earnings results for the quarter and year ended December 31, 2020. For the quarter ended December 31, 2020, net income for the company totaled $5,196,000, or $0.57 per share, compared to $4,298,000, or $0.47 per share, earned in the fourth quarter of 2019. The increase in earnings is primarily the result of a reduction in interest expense due to declines in market rates, offset in part by an increase in the provision for loan losses. Fourth quarter 2020 interest income was $153,000 higher than fourth quarter 2019. The increase is primarily due to organic loan growth, Paycheck Protection Program (PPP) loans and growth in investment securities, offset in part by a reduction in interest rates. Fourth quarter 2020 net interest income totaled $13,957,000, an increase of $1,423,000, or 11%, compared to the same quarter a year ago. The increase in net interest income was primarily due to a reduction in interest expense due to declines in market rates. For the year ended December 31, 2020, net income for the company totaled $18,850,000 or $2.06 per share, compared to $17,194,000 or $1.86 per share earned in 2019. The increase in earnings is primarily the result of the Acquisition, reduction in interest expense due to declines in market rates, and was partially offset by an increase in the provision for loan losses. The net interest income for the year ended December 31, 2020 totaled $54,843,000, an increase of $9,595,000, or 21%, compared to the same period a year ago.