AUBURN NATIONAL BANCORPORATION INC

Consolidated Balance Sheets (Unaudited) as of September 30, 2024 and December 31, 2023

Consolidated Statements of Earnings (Unaudited) for the quarter and nine months ended September 30,

2024 and 2023

Consolidated Statements of Comprehensive Income (Unaudited) for the quarter and nine months ended

September 30, 2024 and 2023

Consolidated Statements of Stockholders’ Equity (Unaudited) for the quarter and nine months ended

September 30, 2024 and 2023

Consolidated Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2024 and

Notes to Consolidated Financial Statements (Unaudited

)

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Table 1 – Explanation of Non-GAAP Financial Measures

Table 2 – Selected Quarterly Financial Data

Table 3 – Selected Financial Data

Table 4 – Average Balances and Net Interest Income Analysis – for the quarter ended September 30,

2024 and 2023

Table 5 – Average Balances and Net Interest Income Analysis – for the nine months ended September

30, 2024 and 2023

Quantitative and Qualitative Disclosures About Market Risk

Controls and Procedures

PART II. OTHER INFORMATION

Legal Proceedings

Risk Factors

Unregistered Sales of Equity Securities and Use of Proceeds

Defaults Upon Senior Securities

Mine Safety Disclosures

Other Information

Exhibits

PART

FINANCIAL INFORMATION

Consolidated Balance Sheets

(Dollars in thousands, except share data)

Assets:

$

24,449

$

27,127

10,325

31,412

Interest-bearing bank deposits

55,056

12,830

Cash and cash equivalents

89,830

71,369

Securities available-for-sale

258,285

270,910

—

Loans

565,699

557,294

(6,876)

(6,863)

558,823

550,431

Premises and equipment, net

46,236

45,535

17,411

17,110

18,993

19,900

$

990,143

$

975,255

Liabilities:

Noninterest-bearing

$

270,244

$

270,723

Interest-bearing

631,480

625,520

901,724

896,243

Federal funds purchased and securities sold under agreements to repurchase

—

1,486

Accrued expenses and other liabilities

4,083

1,019

Total liabilities

905,807

898,748

Stockholders' equity:

Preferred stock of $

.01

par value; authorized

200,000

shares;

no shares issued

—

—

Common stock of $

.01

par value; authorized

8,500,000

shares;

issued

3,957,135

shares

Additional paid-in capital

3,802

3,801

Retained earnings

115,142

113,398

Accumulated other comprehensive loss, net

(29,029)

Less treasury stock, at cost -

463,436

shares and

463,521

at September 30, 2024

and December 31, 2023, respectively

Total stockholders’

equity

84,336

76,507

Total liabilities and stockholders’

equity

$

990,143

$

975,255