Auburn National Bancorporation Inc (NASDAQ: AUBN) is a community banking company that operates through its subsidiary bank, providing commercial and retail banking services in East Alabama. Revenue comes primarily from net interest income, the spread between interest earned on loans and securities and interest paid on deposits, supplemented by noninterest income including gains on mortgage loan sales to Fannie Mae. The Bank operates a main office and 7 branches in Auburn, Opelika, Notasulga, and Valley, Alabama, plus a loan production office in Phenix City, Alabama, as of December 31, 2025. Commercial real estate loans totaled $325.5 million, representing 58% of total loans as of December 31, 2025. The company traces its dividend history to its 1907 organization, with uninterrupted cash dividends except during the Depression years of 1932 and 1933. At December 31, 2025, the company had 145 full-time equivalent employees, including 37 officers.

Revenue model

Net interest income from loans and investment securities, with noninterest income from mortgage loan origination and sale to Fannie Mae, plus fee-based banking services. The company is a dividend payer, relying on dividends from the Bank to fund company-level expenses and shareholder distributions.

Products and services

Commercial real estate loans ($325.5 million, 58% of total loans as of December 31, 2025), residential mortgage origination and servicing for Fannie Mae, consumer and commercial loans, deposit accounts (interest-bearing and noninterest-bearing), and other retail banking services.

Customers and end markets

Individual consumers and businesses in Lee County and surrounding East Alabama communities, including borrowers in auto manufacturing, related suppliers, housing, and other local industries. Auburn University and automobile manufacturing are noted as significant drivers of the local economy.

Value-chain role

Community bank serving as a direct lender and deposit gatherer for local consumers and businesses, with a secondary market mortgage channel selling residential loans to Fannie Mae.

Geographic exposure

Primary service area is Lee County and surrounding East Alabama, with branches in Auburn, Opelika, Notasulga, and Valley, Alabama, and a loan production office in Phenix City, Alabama, as of December 31, 2025.

Competitors

Local community banks, National and regional banks (12 national and regional competitors in Lee County as of the 10-K filed 2026-03-17), Thrifts, Credit unions, Mortgage lenders, Securities and insurance brokerage firms, Non-bank fintech and technology-based lenders

Source: SEC 10-K, filed 2026-03-17

Industry: State Commercial Banks Peers: Citizens Holding Co F & M Bank Corp PNC Financial Services Group Inc Prime Meridian Holding Co Security Federal Corp