Ames National Corp., which operates five affiliate banks, ranked No. 119 in a recent evaluation by American Banker of public banks with up to $2 billion in assets. American Banker based its rankings on average return on equity over three years. In the period ending in December 2104, Ames National reported a three-year return on equity of nearly 10 percent. The holding company, with $1.3 billion in assets, is the parent of First National Bank, which has offices in Ames, Ankeny, Johnston and West Des Moines. West Bancorporation Inc. in West Des Moines ranked No. 19, while Two Rivers Financial Group of Burlington was No. 66, and Iowa First Bancshares Corp. of Muscatine ranked No. 97 on the list compiled by American Banker. Read a related story at BusinessRecord.com.