A
AUBURN NATIONAL BANCORPORATION, INC
AUBNCIK 0000750574NasdaqNon-AcceleratedSmaller ReportingState Commercial BanksDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$7.25M
Total Assets
$1.02B
Equity
$92.05M
Shares Out
3.49M
Op. Cash Flow
$12.35M
Business
AUBURN NATIONAL BANCORPORATION, INC is a bank holding company that conducts its business primarily through its banking subsidiary, AuburnBank, providing traditional commercial banking services. It offers deposit products (checking, savings, transaction accounts, certificates of deposit), Visa debit cards, ATM services, online and mobile banking, residential mortgage origination and servicing, and commercial, agricultural, real estate construction and consumer loans. Operations are organized principally through the Bank and its subsidiaries, including branch offices and a loan production office, and mortgage origination/servicing activities. The Company serves customers primarily in East Alabama (Auburn, Opelika, Lee County and surrounding areas) through branches, ATMs, online channels and correspondent relationships.
Summary from filing dated 2025-03-11
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 31 | 30 | 25 | 20 | 20 | |
| Securities - Taxable | 5 | 5 | 7 | 7 | 4 | |
| Securities - Tax-exempt | 273,000 | 294,000 | 2 | 2 | 2 | |
| Federal funds sold and interest bearing bank deposits | 5 | 3 | 673,000 | 1 | 155,000 | |
| Total interest income | 41 | 39 | 34 | 30 | 27 | |
| Deposits | 11 | 12 | 8 | 2 | 3 | |
| Short-term borrowings | 2,000 | 3,000 | 72,000 | 60,000 | 17,000 | |
| Total interest expense | 11 | 12 | 8 | 2 | 3 | |
| Net interest income | 30 | 27 | 26 | 27 | 24 | |
| Provision for credit losses | 631,000 | 36,000 | 135,000 | 1 | — | |
| Net interest income after provision for credit losses | 29 | 27 | 26 | 26 | 25 | |
| Service charge on deposit accounts | 619,000 | 614,000 | 603,000 | 598,000 | 566,000 | |
| Mortgage lending | 474,000 | 608,000 | 430,000 | 650,000 | 2 | |
| Bank-owned life insurance income | 414,000 | 403,000 | 411,000 | 317,000 | 403,000 | |
| Other noninterest income | 2 | 2 | 2 | 2 | 2 | |
| Total noninterest income | 3 | 3 | −3 | 7 | 4 | |
| Salaries and benefits | 13 | 13 | 12 | 12 | 12 | |
| Net occupancy and equipment | 2 | 3 | 3 | 3 | 2 | |
| Professional fees | 1 | 1 | 1 | 975,000 | 995,000 | |
| FDIC and other regulatory assessments | 569,000 | 564,000 | 631,000 | 404,000 | 426,000 | |
| Other noninterest expense | 6 | 5 | 6 | 5 | 5 | |
| Total noninterest expense | 23 | 22 | 23 | 20 | 19 | |
| Earnings before income taxes | 9 | 8 | 618,000 | 13 | 9 | |
| Income tax expense | 2 | 2 | −777,000 | 3 | 1 | |
| Net earnings | 7 | 6 | 1 | 10 | 8 | |
| Earnings per share Basic | 2.08 | 1.83 | 0.4 | 2.95 | 2.27 | |
| Earnings Per Share Diluted | 2.08 | 1.83 | — | — | — | |
| Weighted Average Number Of Shares Outstanding Basic | 3 | 3 | 3 | 4 | 4 | |
| Weighted Average Number Of Diluted Shares Outstanding | 3 | 3 | — | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash And Due From Banks | 22 | 15 | 27 | 12 | 11 | |
| Federal funds sold | 21 | 37 | 31 | 9 | 77 | |
| Interest bearing bank deposits | 104 | 41 | 13 | 6 | 68 | |
| Cash and cash equivalents | 148 | 93 | 71 | 27 | 156 | |
| Securities available-for-sale | 233 | 243 | 271 | 405 | 422 | |
| Loans held for sale | 172,000 | 0 | — | 0 | 1 | |
| Total Loans, net | 565 | 564 | — | — | — | |
| Allowance for credit losses | 7 | 7 | 7 | 6 | −5 | |
| Loans, net | 558 | 557 | 550 | 499 | — | |
| Premises and equipment, net | 46 | 46 | 46 | 47 | 42 | |
| Bank-owned life insurance | 18 | 18 | 17 | 20 | 20 | |
| Other assets | 16 | 20 | 20 | 26 | 11 | |
| Total assets | 1,019 | 977 | 975 | 1,024 | 1,105 | |
| Noninterest-bearing | 268 | 261 | 271 | 311 | 316 | |
| Interest-bearing | 655 | 635 | 626 | 639 | 678 | |
| Total deposits | 923 | 896 | 896 | 950 | 994 | |
| Accrued expenses and other liabilities | 4 | 3 | 1 | 3 | 4 | |
| Total liabilities | 927 | 899 | 899 | 956 | 1,001 | |
| Preferred stock | 0 | 0 | 0 | 0 | 0 | |
| Common stock | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | |
| Additional paid-in capital | 4 | 4 | 4 | 4 | 4 | |
| Retained earnings | 119 | 116 | 113 | 117 | 110 | |
| Accumulated other comprehensive income (loss), net | −19 | −30 | −29 | −41 | 891,000 | |
| Less treasury stock, at cost | 12 | 12 | 12 | −11 | — | |
| Total stockholders' equity | 92 | 78 | 77 | 68 | 104 | |
| Total liabilities and stockholders' equity | 1,019 | 977 | 975 | 1,024 | 1,105 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 2 | 1 | |
| Premium amortization and discount accretion, net | −1 | −2 | −2 | 3 | 4 | |
| Deferred income tax (benefit) expense | −129,000 | 438,000 | −195,000 | 686,000 | 278,000 | |
| Net gain on sale of loans held for sale | 154,000 | 261,000 | 71,000 | −309,000 | −1 | |
| Loans originated for sale | 7 | 10 | 4 | −9 | −48 | |
| Proceeds from sale of loans | 7 | 11 | 4 | 10 | 51 | |
| Increase in cash surrender value of bank owned life insurance | 414,000 | 403,000 | 359,000 | −317,000 | −403,000 | |
| Stock-based Compensation expense | 62,000 | 0 | — | — | — | |
| Net increase in other assets | −995,000 | 1 | −3 | −2 | 1 | |
| Net increase (decrease) in accrued expenses and other liabilities | 682,000 | 2 | −2 | −770,000 | −3 | |
| Net cash provided by operating activities | 12 | 11 | 12 | 11 | 12 | |
| Proceeds from prepayments and maturities of securities available-for-sale | 22 | 26 | 30 | 46 | 74 | |
| Decrease (increase) in loans, net | 2 | 7 | 53 | −46 | 3 | |
| Payments to Acquire Property, Plant, and Equipment | 1 | 2 | 418,000 | −7 | −20 | |
| Decrease in FHLB stock | 0 | −32,000 | 164,000 | −74,000 | 267,000 | |
| Net cash used in investing activities | 19 | 17 | 91 | −91 | −119 | |
| Net (decrease) increase in noninterest-bearing deposits | 7 | −10 | −41 | −5 | 71 | |
| Net increase (decrease) in interest-bearing deposits | 20 | 9 | −13 | −39 | 84 | |
| Net decrease in federal funds purchased and securities sold under agreements to repurchase | 0 | −1 | −1 | −897,000 | 1 | |
| Payments of Ordinary Dividends | 4 | 4 | 4 | −4 | −4 | |
| Net cash used in financing activities | 23 | −6 | −59 | −49 | 150 | |
| Net change in cash and cash equivalents | 54 | 22 | 44 | −129 | 44 | |
| Interest | 11 | 12 | 8 | 2 | 3 | |
| Income taxes | 676,000 | 1 | 1 | 1 | 3 |
Filings
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