Form 8-K
8-K — AUBURN NATIONAL BANCORPORATION, INC
Accession: 0001437749-26-033582
Filed: 2026-10-27
Period: 2026-10-27
CIK: 0000750574
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — aubn20261026_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (ex_1031537.htm)
GRAPHIC (lgo01.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: aubn20261026_8k.htm · Sequence: 1
aubn20261026_8k.htm
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0000750574
0000750574
2026-10-27
2026-10-27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 27, 2026
AUBURN NATIONAL BANCORPORATION, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
0-26486
63-0885779
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
100 North Gay Street, P.O. Drawer 3110, Auburn, Alabama 36831-3110
(Addresses of Principal Executive Offices, including Zip Code)
(334) 821-9200
(Registrant’s Telephone Number, including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01
AUBN
Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02.
Results of Operations and Financial Condition
The information in this Current Report on Form 8-K, including the exhibits attached hereto, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed by the Company pursuant to the Securities Act of 1933, as amended, or into any other filing or document made by the Company pursuant to the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in any such filing.
Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of Auburn National Bancorporation, Inc., dated October 27, 2026, reporting the Company’s financial results for the quarter and nine months ended September 30, 2026.
Item 9.01.
Financial Statements, Pro Forma Financial Information and Exhibits.
(d)
Exhibits. The following exhibits are furnished herewith:
Exhibit No.
Exhibit Description
99.1
Press Release, dated October 27, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
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.
AUBURN NATIONAL BANCORPORATION, INC.
(Registrant)
/s/ David A. Hedges
David A. Hedges
President and CEO
Date: October 27, 2026
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: ex_1031537.htm · Sequence: 2
ex_1031537.htm
Exhibit 99.1
For additional information, contact:
David A. Hedges
President and CEO
(334) 821-9200
Press Release – October 27, 2026
Auburn National Bancorporation, Inc. Reports Third Quarter Net Earnings
Third Quarter 2026 vs. Third Quarter 2025 Highlights:
●
Earnings per share increased 13%
●
Net interest income (tax-equivalent) increased 6%
●
Net interest margin (tax-equivalent) increased 15 basis points to 3.36%
●
Negative provision for credit losses of $50 thousand, compared to a negative provision for credit losses of $255 thousand in 3Q 2025
●
Return on assets (annualized) improved to 0.99%, compared to 0.89% in 3Q 2025
●
Strong credit quality – Nonperforming assets to total assets were 0.02%
AUBURN, Alabama – Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $2.5 million, or $0.72 per share, for the third quarter of 2026, compared to $2.3 million, or $0.66 per share, for the second quarter of 2026, and $2.2 million, or $0.64 per share, for the third quarter of 2025. Net earnings were $7.0 million, or $2.01 per share, for the first nine months of 2026, compared to $5.6 million, or $1.60 per share, for the first nine months of 2025.
"Our third quarter results reflect continued revenue growth, improved profitability, and further expansion of our net interest margin," said David A. Hedges, President and CEO. "Earnings per share increased 13% compared to the third quarter of 2025, and our efficiency ratio improved to 64.8%. While loan balances declined during the quarter primarily due to payoffs, our asset quality, capital, and liquidity remain strong, and we are well positioned to support future growth," continued Mr. Hedges.
Net interest income (tax-equivalent) was $8.1 million in the third quarter of 2026, compared to $8.0 million in the second quarter of 2026, and $7.6 million in the third quarter of 2025. Compared to the second quarter of 2026, the increase was primarily due to improvements in our net interest margin. Compared to the third quarter of 2025, the increase was due to both improvements in our net interest margin and growth in average interest-earning assets of 2%.
Net interest margin (tax-equivalent) was 3.36% in the third quarter of 2026, compared to 3.33% in the second quarter of 2026 and 3.21% in the third quarter of 2025. Compared to the second quarter of 2026, the increase in net interest margin was primarily due to higher yields on earning assets and a more favorable asset mix, including cash that was deployed into higher-yielding securities. These improvements were partially offset by an increase in our deposit costs. Compared to the third quarter of 2025, the increase in net interest margin was due to the same reasons described above, except for our deposit costs which decreased. Average loans were approximately $579.6 million in the third quarter of 2026, compared to $582.3 million in the second quarter of 2026, and $556.2 million in the third quarter of 2025.
Nonperforming assets were $0.2 million, or 0.02% of total assets, at September 30, 2026, compared to $0.1 million, or 0.01% of total assets, at both June 30, 2026 and September 30, 2025.
Net recoveries were $8 thousand, or (0.01%) of average loans on an annualized basis, for the third quarter of 2026, compared to net recoveries of $22 thousand, or (0.02%) of average loans on an annualized basis, for the second quarter of 2026, and net charge-offs of $78 thousand, or 0.06% of average loans on an annualized basis, for the third quarter of 2025.
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At September 30, 2026, the Company’s allowance for credit losses was $6.5 million or 1.13% of total loans, compared to $6.6 million, or 1.14% of total loans at June 30, 2026, and $6.7 million, or 1.20% of total loans at September 30, 2025. The decrease from June 30, 2026 was primarily related to a decrease in total loans outstanding. The decrease from September 30, 2025 was primarily due to refinements in the Company’s calculation of current expected credit losses ("CECL"). During the first quarter of 2026, the Company established a new loan segment within its CECL calculation for municipal loans, which reduced the allowance for credit losses due to lower expected credit costs associated with these loans.
The Company recorded a negative provision for credit losses of $50 thousand in the third quarter of 2026, compared to a negative provision for credit losses of $248 thousand in the second quarter of 2026, and a negative provision for credit losses of $255 thousand in the third quarter of 2025. The provision for credit losses is affected by changes in overall balance and composition of our loan portfolio and unfunded commitments, our internal assessment of the credit quality of the loan portfolio, our expectations about future economic conditions, and net charge-offs.
Noninterest income was $1.0 million for the third quarter of 2026, compared to $0.9 million for the second quarter of 2026 and $0.8 million for the third quarter of 2025. The increase from the third quarter of 2025 was primarily due to an increase in bank-owned life insurance income from non-taxable death benefits received during the second and third quarters of 2026.
Noninterest expense was $5.9 million for the third quarter of 2026, compared to $6.1 million for the second quarter of 2026 and $5.8 million for the third quarter of 2025. The decrease from the second quarter of 2026 was primarily due to the $0.4 million loss contingency accrual recorded in other noninterest expense during the second quarter of 2026, as well as lower professional fees and other noninterest expense, partially offset by higher salaries and benefits expense. The increase from the third quarter of 2025 was primarily due to higher salaries and benefits and other noninterest expense, partially offset by lower net occupancy and equipment expense and professional fees.
The provision for income tax expense was $0.6 million for the third quarter of 2026, unchanged compared to both the second quarter of 2026 and the third quarter of 2025.
The effective tax rate for the third quarter of 2026 was 19.75%, compared to 21.00% for the second quarter of 2026 and 21.86% for the third quarter of 2025. The decrease in the effective tax rate was primarily due to a higher level of tax-exempt income, including the non-taxable bank owned life insurance death benefits received during the second and third quarters of 2026. The Company’s effective income tax rate is principally affected by tax-exempt earnings from the Company’s investments in municipal securities and loans, bank-owned life insurance, and New Markets Tax Credits.
Total assets were $1.0 billion at September 30, 2026, compared to $1.1 billion at June 30, 2026 and $1.0 billion at September 30, 2025. The decrease compared to June 30, 2026 was primarily due to fluctuations in reciprocal customer deposits retained on balance sheet. The Company had $29.6 million of reciprocal customer deposits on its balance sheet at September 30, 2026, compared to $82.3 million at June 30, 2026.
At September 30, 2026, the Company’s stockholders’ equity was $89.6 million, or $25.74 per share, compared to $93.9 million, or $26.91 per share, at June 30, 2026 and $89.6 million, or $25.65 per share, at September 30, 2025. The decrease from June 30, 2026 was primarily due to other comprehensive loss of $5.7 million from an increase in unrealized losses on securities available-for-sale and a cash flow hedge, net of tax, cash dividends paid of $0.9 million, and stock repurchases of $0.2 million, partially offset by net earnings of $2.5 million. The Company’s equity-to-assets ratio was 8.81% at September 30, 2026, compared to 8.65% at June 30, 2026 and 8.86% at September 30, 2025. The increase in the equity-to-assets ratio from June 30, 2026 was primarily due to the decrease in total assets from fluctuations in reciprocal deposits retained on balance sheet.
All of the Company’s marketable securities are classified as available-for-sale. Therefore, any changes in the fair value of the Company’s securities portfolio are reflected in total equity, net of tax, under generally accepted accounting principles, but do not affect our capital for regulatory purposes.
The Company paid cash dividends of $0.27 per share in the third quarter of 2026. At September 30, 2026, the Bank’s regulatory capital ratios were well above the minimum amounts required to be "well capitalized" under current regulatory standards.
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About Auburn National Bancorporation, Inc.
Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $1.0 billion. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank operates seven full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting www.auburnbank.com.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements with respect to our objectives, expectations, anticipations, estimates and intentions and all statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “designed,” “plan,” “point to,” “project,” “could,” “intend,” “target,” “seek” and other similar words and expressions of the future. Forward-looking statements include, without limitation, statements about future financial and operating results, costs and revenues, government policies and changes in policies, including Federal Reserve monetary and regulatory actions. Forward-looking statements also include statements about economic conditions generally in our markets and which may affect us, loan demand, mortgage lending activity, changes in the mix of our earning assets (including those generating tax-exempt income or tax credits) and our mix and cost of deposits and wholesale liabilities, net interest income and margin, yields on earning assets, the market values and performance of securities held, the effects of inflation, employment, and government fiscal and monetary policies.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, achievements and/or financial condition of the Company or the Bank to be materially different from future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. Forward looking statements may not be realized due to numerous factors, including, without limitation, changes in employment levels, actual and expected changes in interest rates and interest rate expectations (generally and those applicable to our assets and liabilities) and the shape of the yield curve, and related changes in our asset values, especially investment securities, noninterest income, loan performance, loan deferrals and modifications, nonperforming assets, other real estate owned, provision for credit losses, including possible adjustments to the fair values of securities available for sale, charge-offs, collateral values, credit quality, asset sales, insurance claims, and market trends. You should not expect us to update any forward-looking statements.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those described in the “Cautionary Note Regarding Forward-Looking Statements” and the risks and uncertainties described under “Risk Factors” and elsewhere in our annual report on Form 10-K for the year ended December 31, 2025 and otherwise in our other SEC reports and filings.
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Explanation of Certain Unaudited Non-GAAP Financial Measures
This press release contains financial information determined by methods other than U.S. generally accepted accounting principles (“GAAP”). The attached financial highlights include certain designated net interest income amounts presented on a tax-equivalent basis, a non-GAAP financial measure. Tax-equivalent net interest income is used in the calculation of our net interest margin and efficiency ratio. In the first quarter of 2026, we changed the presentation of net interest income on a tax-equivalent basis to account for tax-exempt interest income on municipal loans. Prior period amounts, including the presentation and calculation of our net interest margin and efficiency ratio, have been revised herein to conform with the current period presentation. These changes had no effect on the presentation of GAAP net interest income in current or prior periods.
Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes the presentation of net interest income on a tax-equivalent basis provides comparability of net interest income from both taxable and tax-exempt sources and facilitates comparability within the industry. Similarly, the efficiency ratio is a common measure that facilitates comparability with other financial institutions. Although the Company believes these non-GAAP financial measures enhance investors’ understanding of its business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. Along with the attached financial highlights, the Company provides reconciliations between the GAAP financial measures and these non-GAAP financial measures.
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Reports Third Quarter Net Earnings/page 5
Financial Highlights (unaudited)
Quarters Ended
Nine months ended
September 30,
June 30,
September 30,
September 30,
September 30,
(Dollars in thousands, except per share amounts)
2026
2026
2025
2026
2025
Results of Operations
Net interest income (a)
$
8,121
$
7,995
$
7,641
$
23,948
$
22,164
Less: tax-equivalent adjustment
107
107
69
313
203
Net interest income (GAAP)
8,014
7,888
7,572
23,635
21,961
Noninterest income
974
878
829
2,745
2,365
Total revenue
8,988
8,766
8,401
26,380
24,326
Provision for credit losses
(50
)
(248
)
(255
)
(374
)
(152
)
Noninterest expense
5,894
6,105
5,806
17,900
17,388
Income tax expense
621
611
623
1,835
1,500
Net earnings
$
2,523
$
2,298
$
2,227
$
7,019
$
5,590
Per share data:
Basic and diluted net earnings:
$
0.72
$
0.66
$
0.64
$
2.01
$
1.60
Cash dividends declared
$
0.27
$
0.27
$
0.27
$
0.81
$
0.81
Weighted average shares outstanding:
Basic
3,484,168
3,492,107
3,493,699
3,490,131
3,493,699
Diluted
3,485,208
3,492,107
3,495,972
3,491,127
3,494,465
Shares outstanding, at period end
3,480,486
3,487,830
3,493,699
3,480,486
3,493,699
Stockholders' equity (book value)
$
25.74
26.91
25.65
25.74
25.65
Common stock price:
High
$
27.82
$
28.88
$
28.47
$
28.88
$
28.47
Low
25.01
23.03
23.13
21.01
19.48
Period-end:
26.25
27.04
28.44
26.25
28.44
To earnings ratio (c)
10.54
x
11.22
x
13.87
x
10.54
x
13.87
x
To book value
102
%
100
%
111
%
102
%
111
%
Performance ratios:
Return on average equity (annualized)
10.68
%
9.74
%
10.65
%
10.03
%
9.06
%
Return on average assets (annualized)
0.99
%
0.90
%
0.89
%
0.92
%
0.75
%
Dividend payout ratio
37.50
%
40.91
%
42.19
%
40.30
%
50.63
%
Other financial data:
Net interest margin (a)
3.36
%
3.33
%
3.21
%
3.32
%
3.16
%
Effective income tax rate
19.75
%
21.00
%
21.86
%
20.73
%
21.16
%
Efficiency ratio (b)
64.80
%
68.80
%
68.55
%
67.06
%
70.89
%
Asset Quality:
Nonperforming assets:
Nonperforming (nonaccrual) loans
$
218
$
64
$
104
$
218
$
104
Total nonperforming assets
$
218
$
64
$
104
$
218
$
104
Net charge-offs (recoveries)
$
(8
)
$
(22
)
$
78
$
372
$
93
Allowance for credit losses as a % of:
Loans
1.13
%
1.14
%
1.20
%
1.13
%
1.20
%
Nonperforming loans
2,976
%
10,291
%
6,434
%
2,976
%
6,434
%
Nonperforming assets as a % of:
Loans and other real estate owned
0.04
%
0.01
%
0.02
%
0.04
%
0.02
%
Total assets
0.02
%
0.01
%
0.01
%
0.02
%
0.01
%
Nonperforming loans as a % of total loans
0.04
%
0.01
%
0.02
%
0.04
%
0.02
%
Annualized net charge-offs (recoveries) as a % of average loans
(0.01
)%
(0.02
)%
0.06
%
0.09
%
0.02
%
Selected average balances:
Loans, net of unearned income
$
579,575
$
582,335
$
556,233
$
579,807
$
560,659
Total assets
1,018,667
1,021,742
997,892
1,022,163
991,935
Total deposits
921,216
925,608
909,293
925,732
907,105
Total stockholders' equity
$
94,526
$
94,340
$
83,642
$
93,330
$
82,281
Selected period end balances:
Loans, net of unearned income
$
571,847
$
579,589
$
557,912
$
571,847
$
557,912
Allowance for credit losses
6,487
6,586
6,691
6,487
6,691
Total assets
1,016,988
1,085,803
1,011,184
1,016,988
1,011,184
Total deposits
923,338
988,318
917,266
923,338
917,266
Total stockholders' equity
$
89,587
$
93,874
$
89,613
$
89,587
$
89,613
(a)
Tax equivalent. See “Explanation of Certain Unaudited Non-GAAP Financial Measures” and “Reconciliation of GAAP to non-GAAP Measures (unaudited).”
(b)
Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent net interest income. See "Reconciliation of GAAP to non-GAAP Measures (unaudited)" below.
(c)
Calculated by dividing period end share price by earnings per share for the previous four quarters.
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Reports Third Quarter Net Earnings/page 6
Average Balances and Net Interest Income Analysis (1)
Quarter Ended
September 30, 2026
June 30, 2026
September 30, 2025
Interest
Interest
Interest
Average
Income/
Yield/
Average
Income/
Yield/
Average
Income/
Yield/
(Dollars in thousands)
Balance
Expense
Rate
Balance
Expense
Rate
Balance
Expense
Rate
Interest-earning assets:
Loans and loans held for sale (2) (3)
$
579,925
$
8,393
5.74
%
$
582,590
$
8,274
5.70
%
$
556,736
$
7,844
5.59
%
Securities (3) (4)
286,221
1,607
2.23
%
250,569
1,219
1.95
%
268,248
1,306
1.93
%
Federal funds sold
25,033
233
3.69
%
29,471
260
3.54
%
27,572
304
4.37
%
Interest-bearing bank deposits
68,619
643
3.72
%
100,439
934
3.73
%
90,964
1,027
4.48
%
Total interest-earning assets
959,798
$
10,876
4.50
%
963,069
$
10,687
4.45
%
943,520
$
10,481
4.41
%
Cash and due from banks
13,394
13,515
13,627
Other assets (5)
45,475
45,158
40,745
Total assets
$
1,018,667
$
1,021,742
$
997,892
Interest-bearing liabilities:
Deposits:
NOW
$
209,454
$
597
1.13
%
$
213,794
$
627
1.18
%
$
199,060
$
650
1.30
%
Savings and money market
269,588
743
1.09
%
274,169
680
0.99
%
265,627
763
1.14
%
Time deposits
186,763
1,414
3.00
%
181,093
1,385
3.07
%
180,618
1,427
3.13
%
Total interest-bearing deposits
665,805
2,754
1.64
%
669,056
2,692
1.61
%
645,305
2,840
1.75
%
Short-term borrowings
132
1
3.01
%
—
—
—
—
—
—
Total interest-bearing liabilities
665,937
$
2,755
1.64
%
669,056
$
2,692
1.61
%
645,305
$
2,840
1.75
%
Noninterest-bearing deposits
255,411
256,552
263,988
Other liabilities
2,793
1,794
4,957
Stockholders' equity
94,526
94,340
83,642
Total liabilities and stockholders' equity
$
1,018,667
$
1,021,742
$
997,892
Net interest income and margin (tax-equivalent)
$
8,121
3.36
%
$
7,995
3.33
%
$
7,641
3.21
%
(1)
In the first quarter of 2026, we changed the presentation of net interest income on a tax-equivalent basis to account for tax-exempt interest income on municipal loans. Also, we reclassified average net unrealized gains (losses) on available-for-sale securities to average other assets so that average total securities are presented on an amortized cost basis in our calculation of net interest margin. Prior period amounts, including the presentation and calculation of our net interest margin, have been revised to conform with the current period presentation.
(2)
Loans on nonaccrual status have been included in the computation of average balances.
(3)
Reflects tax-equivalent adjustments, using the statutory federal income tax rate of 21%, in adjusting interest on tax-exempt loans and securities to a tax-equivalent basis.
(4)
Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(5)
Includes average net unrealized gains (losses) on securities available-for-sale of $(27.4), $(26.2), and $(31.0) million for the quarters ended September 30, 2026, June 30, 2026, and September 30, 2025, respectively.
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Reports Third Quarter Net Earnings/page 7
Average Balances and Net Interest Income Analysis (1)
Nine months ended September 30,
2026
2025
Interest
Interest
Average
Income/
Yield/
Average
Income/
Yield/
(Dollars in thousands)
Balance
Expense
Rate
Balance
Expense
Rate
Interest-earning assets:
Loans and loans held for sale (2) (3)
$
580,128
$
24,681
5.69
%
$
560,946
$
23,161
5.52
%
Securities (3) (4)
264,561
4,067
2.06
%
274,068
4,010
1.96
%
Federal funds sold
26,288
708
3.60
%
26,717
875
4.38
%
Interest-bearing bank deposits
92,376
2,567
3.72
%
76,254
2,541
4.46
%
Total interest-earning assets
963,353
$
32,023
4.44
%
937,985
$
30,587
4.36
%
Cash and due from banks
13,685
15,864
Other assets (5)
45,125
38,086
Total assets
$
1,022,163
$
991,935
Interest-bearing liabilities:
Deposits:
NOW
$
219,724
$
2,004
1.22
%
$
202,381
$
2,042
1.35
%
Savings and money market
267,035
1,895
0.95
%
254,095
1,910
1.01
%
Time deposits
182,626
4,175
3.06
%
185,355
4,470
3.22
%
Total interest-bearing deposits
669,385
8,074
1.61
%
641,831
8,422
1.75
%
Short-term borrowings
44
1
3.04
%
37
1
3.61
%
Total interest-bearing liabilities
669,429
$
8,075
1.61
%
641,868
$
8,423
1.75
%
Noninterest-bearing deposits
256,347
265,274
Other liabilities
3,057
2,512
Stockholders' equity
93,330
82,281
Total liabilities and stockholders' equity
$
1,022,163
$
991,935
Net interest income and margin (tax-equivalent)
$
23,948
3.32
%
$
22,164
3.16
%
(1)
In the first quarter of 2026, we changed the presentation of net interest income on a tax-equivalent basis to account for tax-exempt interest income on municipal loans. Also, we reclassified average net unrealized gains (losses) on available-for-sale securities to average other assets so that average total securities are presented on an amortized cost basis in our calculation of net interest margin. Prior period amounts, including the presentation and calculation of our net interest margin, have been revised to conform with the current period presentation.
(2)
Loans on nonaccrual status have been included in the computation of average balances.
(3)
Reflects tax-equivalent adjustments, using the statutory federal income tax rate of 21%, in adjusting interest on tax-exempt loans and securities to a tax-equivalent basis.
(4)
Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(5)
Includes average net unrealized gains (losses) on securities available-for-sale of $(26.5) and $(34.8) million for the nine months ended September 30, 2026 and 2025, respectively.
-more-
Reports Third Quarter Net Earnings/page 8
Reconciliation of GAAP to non-GAAP Measures (unaudited):
Quarters Ended
Nine months ended
September 30,
June 30,
September 30,
September 30,
September 30,
(Dollars in thousands, except per share amounts)
2026
2026
2025
2026
2025
Net interest income, as reported (GAAP)
$
8,014
$
7,888
$
7,572
$
23,635
$
21,961
Tax-equivalent adjustment
107
107
69
313
203
Net interest income (tax-equivalent)
$
8,121
$
7,995
$
7,641
$
23,948
$
22,164
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v3.26.3
Document And Entity Information
Oct. 27, 2026
Document Information [Line Items]
Entity, Registrant Name
AUBURN NATIONAL BANCORPORATION, INC.
Document, Type
8-K
Document, Period End Date
Oct. 27, 2026
Entity, Incorporation, State or Country Code
DE
Entity, File Number
0-26486
Entity, Tax Identification Number
63-0885779
Entity, Address, Address Line One
100 North Gay Street
Entity, Address, Address Line Two
P.O. Drawer 3110
Entity, Address, City or Town
Auburn
Entity, Address, State or Province
AL
Entity, Address, Postal Zip Code
36831-3110
City Area Code
334
Local Phone Number
821-9200
Written Communications
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Title of 12(b) Security
Common Stock, par value $0.01
Trading Symbol
AUBN
Security Exchange Name
NASDAQ
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Entity, Central Index Key
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