- Ames National is a consistently strong performer.
- A very substantial portion of its assets are invested in securities and the higher market interest rates should boost the interest income.
- The sharp increase in interest rates also increases unrealized losses and reduces unrealized gains and this had a negative impact on the book value.
- I still think Ames is attractive at the current prices but I'll keep on monitoring the situation before committing to a long position.
For further details see:
Ames National: Running A Conservative Balance Sheet, But Watch The Book Value