UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
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     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                February 14, 2003
                ------------------------------------------------
                Date of Report (Date of Earliest Event Reported)


                            AMES NATIONAL CORPORATION
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


           IOWA                            0-32637               42-1039071
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(State or Other Jurisdiction of    (Commission File Number)   (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


                                405 FIFTH STREET
                                AMES, IOWA 50010
                    ----------------------------------------
                    (Address of Principal Executive Offices)

       Registrant's Telephone Number, Including Area Code: (515) 232-6251

                                 NOT APPLICABLE
              ----------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)

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Item 7.  Financial Statements and Exhibits

         The following exhibit is filed as part of this Report:

            Exhibit No.                                Description
            -----------                     ------------------------------------
                99.1                        News Release dated February 14, 2003

Item 9.  Regulation FD Disclosure

         On February 14, 2003, Ames National  Corporation  issued a News Release
regarding  financial  results for the three and twelve months ended December 31,
2002.  Also on February 12, 2003,  the Company's  Board of Directors  declared a
cash dividend of $.44 per share payable on May 15, 2003 to the holders of record
as of close of  business  May 1, 2003.  A copy of the New  Release  is  attached
hereto as Exhibit 99.1.

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                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                            AMES NATIONAL CORPORATION

Date:  February 14, 2003               By:  /s/ Daniel L. Krieger
                                            ------------------------------------
                                       Name:   Daniel L. Krieger
                                       Title:  President



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                                  EXHIBIT INDEX




Exhibit No.                                               Description
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   99.1                                     News Release dated February 14, 2003