Ames National Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total interest income of $13,473,355 against $11,627,095 a year ago. Net interest income was $11,140,484 against $10,112,929 a year ago. Income before income taxes was $5,279,028 against $5,609,438 a year ago. Net income was $4,201,028 against $2,686,324 a year ago. Basic and diluted earnings per share were $0.45 against $0.29 a year ago.

For the full year, the company reported total interest income of $49,726,963 against $45,794,435 a year ago. Net interest income was $42,123,767 against $40,213,356 a year ago. Income before income taxes was $21,419,978 against $21,281,990 a year ago. Net income was $17,013,878 against $13,697,189 a year ago. Basic and diluted earnings per share were $1.83 against $1.47 a year ago.

For the year ending December 31, 2019, the company expects earnings in the range of $1.82 to $1.87 per share compared to $1.83 per share earned for the year ended December 31, 2018.

For the fourth quarter, the company reported net loan charge offs totaled $51,000 for the quarter ended December 31, 2018 compared to net loan charge offs of $116,000 for the quarter ended December 31, 2017.