2017 Q3 Form 10-Q Financial Statement

#000119312517244318 Filed on August 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $7.002M $6.726M
YoY Change 4.1% -2.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $230.0K $260.0K $290.0K
YoY Change -32.35% -10.34% -6.45%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $911.0K $901.0K $1.034M
YoY Change -13.32% -12.86% -4.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.004M $2.779M $2.664M
YoY Change 11.63% 4.32% -8.95%
Income Tax $868.0K $784.0K $733.0K
% Of Pretax Income 28.89% 28.21% 27.52%
Net Earnings $2.136M $1.995M $1.931M
YoY Change 9.48% 3.31% -10.19%
Net Earnings / Revenue 28.49% 28.71%
Basic Earnings Per Share
Diluted Earnings Per Share $587.9K $549.5K $530.2K
COMMON SHARES
Basic Shares Outstanding 3.644M shares 3.644M shares 3.644M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.80M $13.00M $11.70M
YoY Change 8.66% 11.11% 6.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $828.5M $836.3M $846.1M
YoY Change -2.72% -1.16% 4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.600M $2.100M $3.900M
YoY Change -35.0% -46.15% 25.81%
Deferred Revenue
YoY Change
Short-Term Debt $3.600M $3.500M $2.600M
YoY Change 2.86% 34.62% -10.34%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.600M $2.100M $3.900M
YoY Change -35.0% -46.15% 25.81%
LONG-TERM LIABILITIES
Long-Term Debt $3.200M $3.200M $7.200M
YoY Change -55.56% -55.56% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.200M $3.200M $7.200M
YoY Change -55.56% -55.56% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.600M $2.100M $3.900M
Total Long-Term Liabilities $3.200M $3.200M $7.200M
Total Liabilities $742.0M $751.2M $761.2M
YoY Change -3.21% -1.32% 4.39%
SHAREHOLDERS EQUITY
Retained Earnings $83.33M
YoY Change
Common Stock $3.806M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.638M
YoY Change
Treasury Stock Shares 313.5K shares 313.5K shares 313.6K shares
Shareholders Equity $86.50M $85.10M $84.80M
YoY Change
Total Liabilities & Shareholders Equity $828.5M $836.3M $846.1M
YoY Change -2.72% -1.15% 4.94%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $2.136M $1.995M $1.931M
YoY Change 9.48% 3.31% -10.19%
Depreciation, Depletion And Amortization $230.0K $260.0K $290.0K
YoY Change -32.35% -10.34% -6.45%
Cash From Operating Activities $3.750M $1.840M $3.080M
YoY Change 0.27% -40.26% 29.41%
INVESTING ACTIVITIES
Capital Expenditures -$930.0K -$590.0K -$50.00K
YoY Change -16.22% 1080.0% -73.68%
Acquisitions
YoY Change
Other Investing Activities -$470.0K -$9.540M $18.96M
YoY Change -98.45% -150.32% -467.44%
Cash From Investing Activities -$1.410M -$10.12M $18.91M
YoY Change -95.51% -153.52% -454.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.54M -8.850M 9.450M
YoY Change -334.74% -193.65% -38.72%
NET CHANGE
Cash From Operating Activities 3.750M 1.840M 3.080M
Cash From Investing Activities -1.410M -10.12M 18.91M
Cash From Financing Activities -10.54M -8.850M 9.450M
Net Change In Cash -8.200M -17.13M 31.44M
YoY Change -64.58% -154.48% 152.33%
FREE CASH FLOW
Cash From Operating Activities $3.750M $1.840M $3.080M
Capital Expenditures -$930.0K -$590.0K -$50.00K
Free Cash Flow $4.680M $2.430M $3.130M
YoY Change -3.51% -22.36% 21.79%

Facts In Submission

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InterestExpense
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us-gaap Interest Expense
InterestExpense
1796000 USD
us-gaap Interest Expense
InterestExpense
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CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6101000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5692000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
11990000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
11389000 USD
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6001000 USD
CY2016Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5692000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11890000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11989000 USD
CY2017Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
183000 USD
CY2016Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
193000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
372000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
391000 USD
CY2017Q1 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0 USD
CY2017Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2024000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2061000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
5000 USD
CY2016Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2804000 USD
CY2017Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
139000 USD
CY2016Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
315000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
304000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
494000 USD
CY2017Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
110000 USD
CY2016Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
113000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
217000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
225000 USD
CY2017Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
361000 USD
CY2016Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
372000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
734000 USD
us-gaap Noninterest Income Other
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717000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
CY2016Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
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us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
2000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
CY2017Q2 us-gaap Noninterest Income
NoninterestIncome
793000 USD
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
993000 USD
us-gaap Noninterest Income
NoninterestIncome
1629000 USD
us-gaap Noninterest Income
NoninterestIncome
1827000 USD
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
4773000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
4851000 USD
CY2017Q2 us-gaap Occupancy Net
OccupancyNet
351000 USD
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
358000 USD
us-gaap Occupancy Net
OccupancyNet
732000 USD
us-gaap Occupancy Net
OccupancyNet
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CY2017Q2 us-gaap Professional Fees
ProfessionalFees
254000 USD
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
194000 USD
us-gaap Professional Fees
ProfessionalFees
484000 USD
us-gaap Professional Fees
ProfessionalFees
405000 USD
CY2017Q2 aubn Fdic And Other Regulatory Assessments
FdicAndOtherRegulatoryAssessments
89000 USD
CY2016Q2 aubn Fdic And Other Regulatory Assessments
FdicAndOtherRegulatoryAssessments
122000 USD
aubn Fdic And Other Regulatory Assessments
FdicAndOtherRegulatoryAssessments
178000 USD
aubn Fdic And Other Regulatory Assessments
FdicAndOtherRegulatoryAssessments
244000 USD
CY2017Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
929000 USD
CY2016Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
901000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1966000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1912000 USD
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
4015000 USD
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
4021000 USD
us-gaap Noninterest Expense
NoninterestExpense
8133000 USD
us-gaap Noninterest Expense
NoninterestExpense
8130000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2779000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2664000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5386000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5686000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
784000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1501000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1564000 USD
CY2017Q2 aubn Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
3643593 shares
CY2016Q2 aubn Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
3643503 shares
aubn Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
3643567 shares
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
573000 USD
aubn Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
3643493 shares
CY2016Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
12000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
810000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
711000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2376000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2568000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2741000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4595000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6498000 USD
us-gaap Nature Of Operations
NatureOfOperations
<div><p style='text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >AUBURN NATIONAL BANCORPORATION, INC. AND SUBSIDIARIES</font></p><p style='text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Notes to Consolidated Financial Statements </font></p><p style='text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >(Unaudited)</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >NOTE </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;background-color:#FFFF00;' >1</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >General</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Auburn National Bancorporation, Inc. (the &#8220;Company&#8221;) provides a full range of </font><font style='font-family:Times New Roman;font-size:10pt;' >banking services to individual and corporate customers in Lee County, Alabama and surrounding counties through its wholly owned subsidiary, AuburnBank (the &#8220;Bank&#8221;). The Company does not have any segments other than banking that are considered material.</font></p><p style='text-align:justify;line-height:12pt;' ></p></div>
us-gaap Basis Of Accounting
BasisOfAccounting
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Ba</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >sis of Presentation and Use of Estimates</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The unaudited consolidated financial statements in this report have been prepared in accordance with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial information. Accordingly, these fin</font><font style='font-family:Times New Roman;font-size:10pt;' >ancial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited consolidated financial statements include, in the opinion of management, all adjustments necessary to present a fa</font><font style='font-family:Times New Roman;font-size:10pt;' >ir statement of the financial position and the results of operations for all periods presented. All such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results of oper</font><font style='font-family:Times New Roman;font-size:10pt;' >ations that the Company and its subsidiaries may achieve for future interim periods or the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company&#39;s Annual Report on Form 10-K for the year </font><font style='font-family:Times New Roman;font-size:10pt;' >ended </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' > </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of financial statements in conformity with U.S. GAAP requires management t</font><font style='font-family:Times New Roman;font-size:10pt;' >o make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Ac</font><font style='font-family:Times New Roman;font-size:10pt;' >tual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include other-than-temporary impairment on investment securities, the determination of the allowance for loan losse</font><font style='font-family:Times New Roman;font-size:10pt;' >s, fair value of financial instruments, and the valuation of deferred tax assets and other real estate owned.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.55
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.53
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.07
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.13
CY2017Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
460000 USD
CY2016Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
2000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0 USD
CY2017Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0 USD
CY2016Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0 USD
CY2017Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0 USD
CY2016Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
2000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0 USD
CY2016Q1 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
2235000 USD
CY2015Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
2316000 USD
CY2016Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1952000 USD
CY2017Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1762000 USD
CY2015Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0 USD
CY2016Q1 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0 USD
CY2016Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
1000 USD
CY2017Q2 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0 USD
CY2015Q4 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
3086000 USD
CY2016Q1 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
2906000 USD
CY2016Q2 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
2539000 USD
CY2017Q2 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
2520000 USD
CY2017Q2 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
40000 USD
CY2016Q2 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
88000 USD
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
93000 USD
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
145000 USD
CY2017Q2 aubn Servicing Asset At Amortized Value Valuation Allowance1
ServicingAssetAtAmortizedValueValuationAllowance1
0 USD
CY2016Q2 aubn Servicing Asset At Amortized Value Valuation Allowance1
ServicingAssetAtAmortizedValueValuationAllowance1
-1000 USD
aubn Servicing Asset At Amortized Value Valuation Allowance1
ServicingAssetAtAmortizedValueValuationAllowance1
1000 USD
aubn Servicing Asset At Amortized Value Valuation Allowance1
ServicingAssetAtAmortizedValueValuationAllowance1
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CY2016Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
2146000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
5000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
282000 USD
CY2017Q2 aubn Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries
FinancingReceivableAllowanceForCreditLossesNetChargeoffsRecoveries
277000 USD
CY2017Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
100000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
316000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
70000 USD
CY2016Q2 aubn Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries
FinancingReceivableAllowanceForCreditLossesNetChargeoffsRecoveries
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CY2016Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
84000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
306000 USD
aubn Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries
FinancingReceivableAllowanceForCreditLossesNetChargeoffsRecoveries
222000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
100000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1299000 USD
aubn Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries
FinancingReceivableAllowanceForCreditLossesNetChargeoffsRecoveries
839000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4774000 USD
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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dei Entity Central Index Key
EntityCentralIndexKey
0000750574
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
Auburn National Bancorporation, Inc
dei Trading Symbol
TradingSymbol
AUBN
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2911000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
28000 USD
CY2017Q1 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
2689000 USD
CY2017Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3643643 shares
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
100000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-600000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
536000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
544000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-1058000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-692000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
2000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
176000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
367000 USD
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
-1000 USD
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
1000 USD
aubn Net Loss Gain On Other Real Estate
NetLossGainOnOtherRealEstate
11000 USD
aubn Net Loss Gain On Other Real Estate
NetLossGainOnOtherRealEstate
43000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
11945000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
20327000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
12089000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
20523000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
217000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
225000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-343000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
425000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1967000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
510000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3692000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4405000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
17611000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
30922000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
51334000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3164000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
6119000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
3693000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
615000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
57000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
13000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
25000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
60000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
203000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-40410000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
24186000 USD
us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
421000 USD
us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
10924000 USD
us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
2892000 USD
us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
12988000 USD
us-gaap Proceeds From Payments For Federal Funds Sold And Securities Purchased Under Agreements To Resell Net
ProceedsFromPaymentsForFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellNet
103000 USD
us-gaap Proceeds From Payments For Federal Funds Sold And Securities Purchased Under Agreements To Resell Net
ProceedsFromPaymentsForFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellNet
-373000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
1676000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
1640000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1740000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
21899000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-34978000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
50490000 USD
us-gaap Interest Paid
InterestPaid
1858000 USD
us-gaap Interest Paid
InterestPaid
2062000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2007000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1403000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
248000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4643000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
710000 USD
us-gaap Profit Loss
ProfitLoss
4122000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2376000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
1995000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
1931000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
573000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
810000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1275000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1266000 USD
CY2016Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1509000 USD
CY2016Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1509000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1275000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1266000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1509000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1509000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 pure
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 pure
CY2016Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 pure
CY2017Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 pure
CY2017Q2 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
3200000 USD
CY2017Q2 aubn Servicing Asset At Amortized Value Amortization2
ServicingAssetAtAmortizedValueAmortization2
140000 USD
CY2016Q2 aubn Servicing Asset At Amortized Value Amortization2
ServicingAssetAtAmortizedValueAmortization2
176000 USD
aubn Servicing Asset At Amortized Value Amortization2
ServicingAssetAtAmortizedValueAmortization2
284000 USD
aubn Servicing Asset At Amortized Value Amortization2
ServicingAssetAtAmortizedValueAmortization2
314000 USD

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