AUBURN NATIONAL BANCORPORATION INC

Net interest income (a)

$

6,677

6,154

6,380

6,994

7,217

Less: tax-equivalent adjustment

6,657

6,059

6,272

6,888

7,109

Noninterest income

(5,429)

Total revenue

7,544

7,137

7,679

7,901

(362)

Noninterest expense

5,675

5,803

5,362

5,825

5,604

(1,514)

$

1,371

(3,985)

1,488

1,928

1,964

Per share data:

Basic and diluted net earnings

$

0.39

(1.14)

0.43

0.55

0.56

Cash dividends declared

0.27

0.27

0.27

0.27

0.27

Weighted average shares outstanding:

3,496,411

3,500,064

Shares outstanding, at period end

3,499,412

3,500,879

Book value

$

21.32

21.90

17.59

20.28

21.03

Common stock price

High

$

21.55

21.99

22.80

24.32

24.50

Low

18.82

19.72

20.85

18.80

22.55

Period end:

19.27

21.28

21.50

21.26

22.66

To earnings ratio

83.78

53.20

7.65

7.21

7.79

To book value

%

Performance ratios:

Return on average equity

7.13

%

(26.40)

8.59

10.37

11.44

Return on average assets

0.56

%

(1.56)

0.58

0.75

0.77

Dividend payout ratio

69.23

%

(23.68)

62.79

49.09

48.21

Asset Quality:

Allowance for credit losses as a % of:

Loans

1.27

%

1.23

1.24

1.27

1.35

Nonperforming loans

%

Nonperforming assets as a % of:

Loans and other real estate owned

0.15

%

0.16

0.22

0.22

0.53

0.09

%

0.09

0.12

0.11

0.26

Nonperforming loans as a % of total loans

0.15

%

0.16

0.22

0.22

0.53

Annualized net (recoveries) charge-offs as % of average loans

(0.05)

%

0.13

0.01

(0.11)

Capital Adequacy: (c)

CET 1 risk-based capital ratio

14.62

%

14.52

15.01

15.33

15.45

Tier 1 risk-based capital ratio

14.62

%

14.52

15.01

15.33

15.45

Total risk-based capital ratio

15.69

%

15.52

15.98

16.31

16.48

Tier 1 leverage ratio

10.34

%

9.72

10.26

10.23

10.07

Other financial data:

Net interest margin (a)

3.04

%

2.65

2.73

3.03

3.17

Effective income tax rate

10.68

%

(27.53)

10.90

13.00

11.97

Efficiency ratio (b)

75.03

%

800.41

74.01

74.82

69.97

Selected average balances:

$

267,606

354,065

390,772

402,929

402,684

Loans

560,757

550,938

529,382

512,066

502,158

976,930

1,020,476

1,020,980

1,022,874

897,051

953,674

942,533

942,552

948,393

76,948

60,372

69,269

74,404

68,655

Selected period end balances:

$

260,770

270,910

373,286

394,079

405,692

Loans

567,520

557,294

545,610

520,411

505,041

Allowance for credit losses

7,215

6,863

6,778

6,634

6,821

979,039

975,255

1,030,724

1,026,130

1,017,746

899,673

896,243

964,602

950,742

939,190

74,489

76,507

61,451

70,976

73,640

(a) Tax-equivalent. See "Table 1 - Explanation of Non-GAAP Financial Measures."

(b) Efficiency ratio is the result of noninterest expense divided

by the sum of noninterest income and tax-equivalent net interest

income.

See Table 1 - Explanation of Non-GAAP Measures.

(c) Regulatory capital ratios presented are for the Company's

wholly-owned subsidiary, AuburnBank.