Auburn National Bancorporation Inc 2025年季度报告

FORM10-Q (Mark One)☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.For the quarterly period endedSeptember 30, 2025☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.For the transition period __________ to __________Commission File Number:0-26486 Auburn National Bancorporation, Inc. (Exact Name of Registrant as Specified in Its Charter) 63-0885779(I.R.S. EmployerIdentification No.) Delaware (State or other jurisdiction ofincorporation or organization) 100 N. Gay StreetAuburn,Alabama 36830(334)821-9200 (Address and telephone number of principal executive offices) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Indicatebycheckmarkwhethertheregistrant(1) hasfiledallreportsrequiredtobefiledbySection 13or15(d)oftheSecuritiesExchange Actof 1934during thepreceding 12 months(or forsuch shorterperiod thatthe registrantwas requiredto filesuch reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter)during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by checkmark whether theregistrant is alarge accelerated filer,an accelerated filer,a non-accelerated filer,a smaller reportingcompanyor anemerging growth company.See the definitions of“large accelerated filer,”“accelerated filer,”“smallerreportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. AUBURN NATIONAL BANCORPORATION, INC. ANDSUBSIDIARIES INDEX PART I.FINANCIAL INFORMATION Item 1Financial Statements Consolidated Balance Sheets (Unaudited) as of September 30, 2025 and December31, 20243Consolidated Statements ofEarnings (Unaudited) forthe quarter and ninemonths ended September30,2025 and 20244Consolidated Statementsof ComprehensiveIncome (Unaudited) forthe quarter andnine months endedSeptember 30, 2025 and 20245ConsolidatedStatementsofStockholders’Equity(Unaudited)forthequarterandninemonthsendedSeptember 30, 2025 and 20246Consolidated Statements of Cash Flows (Unaudited) for the nine monthsended September 30, 2025 and20247Notes to Consolidated Financial Statements (Unaudited)8 Item 2Management’s Discussion and Analysisof Financial Condition and Results of Operations25Table 1 – Explanationof Non-GAAP Financial Measures41Table 2 – SelectedQuarterly Financial Data42Table 3 – SelectedFinancial Data43Table4 –AverageBalances andNet InterestIncomeAnalysis –forthe quarterended September30,2025 and 202444Table5 –AverageBalances andNet InterestIncome Analysis– forthe ninemonths endedSeptember30, 2025 and 202445Table 6 – Volumeand Rate VarianceAnalysis for the quarter and nine months ended September 30, 202546 Item 3Quantitative and Qualitative Disclosures About Market Risk47Item 4Controls and Procedures47 PARTII.OTHER INFORMATION Item 1Legal Proceedings47Item 1ARisk Factors47Item 2Unregistered Sales of Equity Securities and Use of Proceeds48Item 3Defaults Upon Senior Securities48Item 4Mine Safety Disclosures48Item 5Other Information48Item 6Exhibits49 Table of Contents PART1.FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS AUBURN NATIONALBANCORPORATION,INC. AND SUBSIDIARIESConsolidated Statements of Comprehensive Income(Unaudited) AUBURN NATIONALBANCORPORATION,INC. AND SUBSIDIARIESConsolidated Statements of Stockholders' Equity(Unaudited) AUBURN NATIONALBANCORPORATION,INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows(Unaudited) Proceeds from prepayments and maturities of securities available-for-sale16,94219,592Decrease (increase) in loans, net6,012(8,407)Net purchases of premises and equipment(845)(1,930)Decrease in FHLB stock—32Net cash provided by investing activities22,1099,287 AUBURN NATIONALBANCORPORATION,INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements(Unaudited) NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES General Auburn National Bancorporation, Inc. (the “Company”) provides a fullrange of banking services to individualsandcommercial customers in Lee County,Alabama and surrounding areas through its wholly owned subsidiary,Aubur