About Us
Boone Bank & Trust Co. is the largest locally owned bank in Boone County. Stop by Boone Bank & Trust Co. today and let us show you why you can Count on Us!
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ATM Locations
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Click here for a list of Boone Bank & Trust Co. ATM Locations
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Career Opportunities
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Click here to view Boone Bank & Trust Co. Career Opportunities
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History
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Our History
Boone Bank & Trust Co. is owned by Ames National Corporation (ANC) and is the largest locally owned bank in Boone County. The bank first began in 1883 making us one of the oldest banks within the ANC organization. In 1883 the bank was organized under the name of Boone County Bank. The bank operated until 1911 when it was sold and renamed Boone State Bank. In 1925 the bank took over the assets of the Boone National Bank and in 1930 acquired the assets of the failed Farmers State Bank increasing the size of the bank considerably. In April 1933, when all banks in the nation closed for the "Bank Holiday", Boone State Bank was one of four banks in Boone that reopened. Our name changed slightly to Boone State Bank & Trust Company. In 1991 the bank was purchased by ANC, and the name changed again slightly to Boone Bank & Trust Co.
We are committed to serving the financial needs of our customers and the community. Our success over the years is evidenced by our growth; the first published statement of condition back in 1886 disclosed total assets of more than $165 thousand. Today we manage assets of more than $150 million. Our success has been the result of dedicated employees and excellent customer service standards.
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Board of Directors
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(Front Row: Left to Right)
Jeffrey K. Putzier - President and CEO of Boone Bank & Trust Co.
John L. Pierschbacher - Chairman
Michael P. Carr
(Back Row: Left to Right)
Ashley K. Redeker
Patrick G. Hagan
Richard D. Blomgren
Kevin N. Houston
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Statement of Condition
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Statement of Condition
March 31, 2023
| Assets |
Asset Amount |
| Cash & Due From Banks |
$19,482,383.26 |
| US Treasury Securities |
11,015,859.40 |
| Government Agency Obligations |
8,521,771.37 |
| Municipal Obligations |
37,262,248.45 |
| Corporate Bonds |
27,477,092.19 |
| Other Securities |
208,200.00 |
| Total Cash & Securities |
$103,967,554.67 |
| Loans |
57,775,935.38 |
| Other Assets, Buildings & Fixtures |
4,234,757.08 |
| Total Assets |
$165,978,247.13 |
| Liabilities |
Liabilities Amount |
| Deposits |
$156,718,916.87 |
| Other Liabilities |
425,665.77 |
| Total Liabilities |
$157,144,582.64 |
| Capital Accounts |
Capital Amount |
| Common Stock |
$1,500,000.00 |
| Surplus |
3,500,000.00 |
| Unrealized Gains/Losses |
-6,390,308.18 |
| Retained Earnings |
10,273,972.67 |
| Dividends Paid |
-50,000.00 |
| Total Capital Accounts |
$8,833,664.49 |
| Total Liabilities and Capital |
$165,978,247.13 |
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Becoming a Shareholder
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Boone Bank & Trust Co. is owned by Ames National Corporation (ANC) and is the largest locally owned bank in Boone County.
Ames National Corporation was established as a bank holding company on August 1, 1975 and purchased Boone Bank & Trust Co. in 1991. The Corporation is the 6th largest Iowa-based commercial bank holding company operating in Iowa based on total deposits. Company assets are over $2.14 billion. Ames National Corporation's stock is publicly traded and is listed on the NASDAQ Capital Market under the symbol ATLO.
More information about Ames National Corporation is available at www.amesnational.com. If you are interested in becoming a shareholder, contact your financial advisor for more information.
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Count on Us!
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Boone Bank & Trust Co. is a local, full-service bank, serving Boone and surrounding areas. You can count on us for local decisions, the latest products and services, and an experienced, knowledgeable staff serving our customers for over 125 years.
Stop by Boone Bank & Trust Co. today and let us show you why you can Count on Us!