AUBURN NATIONAL BANCORPORATION, INC

Consolidated Balance Sheets (Unaudited) as of June 30, 2025 and December 31, 2024

Consolidated Statements of Earnings (Unaudited) for the quarter and six months ended June 30, 2025

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

June 30, 2025 and 2024

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

June 30, 2025 and 2024

Consolidated Statements of Cash Flows (Unaudited) for the six months ended June 30, 2025 and 2024

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 June 30, 2025

Table 5 – Average Balances and Net Interest Income Analysis – for the six months ended June 30, 2025

Table 6 – Volume and Rate Variance Analysis for the quarter and six months ended June 30, 2025

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:

$

18,857

$

15,142

23,599

37,200

Interest-bearing bank deposits

109,703

41,012

Cash and cash equivalents

152,159

93,354

Securities available-for-sale

239,681

243,012

—

Loans

562,714

564,017

(6,965)

(6,871)

555,749

557,146

Premises and equipment, net

45,446

45,931

17,719

17,513

18,284

20,368

$

$

977,324

Liabilities:

Noninterest-bearing

$

268,468

$

260,874

Interest-bearing

671,383

634,950

939,851

895,824

Accrued expenses and other liabilities

3,302

3,208

Total liabilities

943,153

899,032

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

3,802

Retained earnings

117,236

115,759

Accumulated other comprehensive loss, net

(29,607)

Less treasury stock, at cost -

463,436

shares at both June 30, 2025

and December 31, 2024, respectively

Total stockholders’

equity

86,071

78,292

Total liabilities and stockholders’

equity

$

$

977,324