Ames National Corporation is a bank holding company. The Company owns a 100% interest in five banking subsidiaries consisting of two national banks and three state-chartered banks. All of the Company�s operations are conducted in the State of Iowa and primarily within the central Iowa counties of Boone, Marshall, Polk and Story where the Company�s banking subsidiaries are located. Its principal banking subsidiary is First National Bank, Ames, Iowa (First National) located in Ames, Iowa. The State Bank & Trust Co. (State Bank) is located in Nevada, Iowa; Boone Bank & Trust Co. (Boone Bank) is located in Boone, Iowa; Randall-Story State Bank (Randall-Story Bank) is located in Story City, Iowa; and United Bank & Trust NA (United Bank) is located in Marshalltown, Iowa. First National, State Bank, Boone Bank, Randall-Story Bank and United Bank are each operated as a wholly owned subsidiary of the Company.