Ames National Corporation is a bank holding company that owns five banking subsidiaries (the Banks) consisting of two national banks and three state-chartered banks. All of the Companys operations are conducted in the State of Iowa and primarily within the central Iowa counties of Boone, Story and Marshall where the Companys banking subsidiaries are located. The Banks lending activities consist primarily of short-term and medium-term commercial and residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and secondary mortgage loan origination. The Banks consist of the Companys principal banking subsidiary, First National Bank, Ames, Iowa (First National); State Bank & Trust Co. (State Bank); Boone Bank & Trust Co. (Boone Bank); the Randall-Story State Bank, and United Bank & Trust NA (United Bank).