AUBURN NATIONAL BANCORPORATION, INC
For the period ended Mar 31, 2026. Filed May 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 13, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-12.
0001193125-25-277883
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsTable 1 – Explanation of Non-GAAP Financial MeasuresTable 2 – Selected Quarterly Financial DataCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-13.
0001193125-26-221544
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsTable 1 – Explanation of Non-GAAP Financial MeasuresTable 2 – Selected Quarterly Financial DataThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 1312 previous paragraphs and 1205 current paragraphs.
615 unchanged; 232 reworded; 348 added; 456 removed; 9 previous and 10 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (348)
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this
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of our results of operations and
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statements and related notes for the quarters
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ended December 31, 2025.
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“Risk Factors”, “Management’s
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and Qualitative Disclosures
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objectives, goals, expectations,
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All statements,
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can identify these
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“will”, “anticipate”,
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“assume”, “should”,
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“indicate”,
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“would”,
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“believe”,
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“contemplate”, “expect”,
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“estimate”, “continue”,
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“intend”,
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“target”,
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These forward-looking statements may
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natural disasters such as hurricanes, tornados,
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floods and droughts, epidemics or
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pandemics, supply chain disruptions and changes in consumer behaviors;
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the effects of war, other conflicts or
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value of the
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U.S. dollar against other currencies, disruptions of supply chains including
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may affect general economic conditions, and consumer
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and business confidence;
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governmental fiscal and monetary policies and changes, including
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taxes, the amount of federal deficit spending
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changes in the Federal Reserve’s
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easing; and the duration that the Federal Reserve will keep its targeted federal
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funds rates at or above current target
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ranges to meet its long term inflation target of 2%;
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deposit and payment
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loan originations, and the
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securities portfolio, which adversely
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our tangible equity;
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regulation, including capital and
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liquidity requirements, internal controls, and supervision and examination,
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currency and stablecoins (including
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Removed paragraphs (456)
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Bank.
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made in this
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understanding of various factors related to the results
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consolidated financial statements and related
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notes for the quarters and nine months ended September 30, 2025 and 2024,
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interim reports on Form 10-Q for the quarters
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ended March 31, 2025 and June 30, 2025.
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and Results of Operations”, “Quantitative and Qualitative Disclosures about
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Market Risk”, “Risk Factors” “Description of
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plans, objectives, goals, expectations,
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statements.
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be forward-looking statements.
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can
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as “may,” “will,” “anticipate,”
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“assume,”
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“should,” “indicate,” “would,” “believe,” “contemplate,” “expect,”
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“project,” “could,” “intend,” “target,” “seek” and other
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These forward-looking
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limitation:
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natural disasters or climate change, such as rising sea and water levels, hurricanes
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and tornadoes, epidemics or pandemics including supply chain disruptions,
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inventory volatility, and changes in
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consumer behaviors;
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tariffs, sanctions, the value of the U.S.
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economic conditions, including inflation,
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and consumer and business confidence;
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governmental monetary and fiscal policies, including taxes, federal
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deficit spending and the debt required to fund
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in prices and unemployment,
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holdings
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of any changes in furtherance of
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the Federal Reserve’s long-term inflation
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target of 2% while supporting maximum employment;
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the effects of the federal government shutdown that began
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October 1, 2025 due to federal budget disputes, which
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continues and the effects of any resolution of such disputes;
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by executive orders, the possible
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reorganization and/or consolidation of the bank regulatory
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agencies, the SEC and/or the CFPB, changes in the
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securities regulators and the CFPB, oversight by the Office of Management
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Reworded paragraphs (232)
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financial and operating flexibility than is presently permitted to the
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financial and operating flexibility than is presently permitted to the Bank.
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The Bank has been a member of the FHLB of Atlanta since 1991. Certain of the statements
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The Bank has been a member of the FHLB - Atlanta since 1991. Certain of the statements made in
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The following discussion and analysis is intended to provide a better
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The following discussion and analysis is intended to provide a better understanding
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of operations and financial condition of the Company and the Bank.
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financial condition of the Company and the Bank.
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This discussion is intended to supplement and
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This discussion is intended to supplement and highlight information
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highlight information contained in the accompanying unaudited condensed
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contained in the accompanying unaudited condensed consolidated financial
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as well as the information contained in our
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ended March 31, 2026 and 2025, as well as the information contained in our Annual
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annual report on Form 10-K for the year ended December 31, 2024 and our
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Report on Form 10-K for the year
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of the statements made herein under the captions “Management’s
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of the statements made herein under the captions “Business”, “Properties”,
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Discussion and Analysis of Financial Condition
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Discussion and Analysis of Financial Condition and Results of Operations”, “Quantitative
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Property” and elsewhere, are “forward-looking statements” within the meaning
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about Market Risk”, and elsewhere, are “forward-looking statements” within
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and protections of Section 27A of the
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the meaning and protections of Section 27A
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Securities Act of 1933 and Section 21E of the Securities Exchange
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of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
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Act of 1934, as amended (the “Exchange Act”).
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as amended (the “Exchange Act”).
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Forward-looking statements include statements with respect to our beliefs,
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Forward-looking statements include statements with respect to our beliefs, plans,
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All statements other than statements of historical fact are statements that could
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other than statements of historical fact, could be forward-looking
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identify these forward-looking statements through our use of words such
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forward-looking statements through our use of words such as “may”,
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“estimate,” “continue,” “designed,” “plan,” “point to,”
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“designed”, “plan”, “point to”, “project”, “could”,
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similar words and expressions of the future.
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“seek”, and other similar words and expressions of the future.
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statements may not be realized due to a variety of factors, including, without
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not be realized due to a variety of factors, including, without limitation:
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the effects of war or other conflicts, acts of terrorism, trade restrictions,
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attacks, acts of terrorism, trade restrictions, tariffs, sanctions, the
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dollar against other currencies, or other events that may affect general
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energy supplies, or other events that
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such spending, changes in monetary policies in response to inflation and changes
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and the debt to fund such spending, changes in monetary policies, including
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target federal funds rate and changes in the Federal Reserve’s
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target federal funds rate and in the Federal Reserve’s
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of securities through quantitative tightening or easing; and the timing and speed
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holdings of securities through quantitative tightening or
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the risks of changes in market interest rates and the shape of the yield curve on customer
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changes in market interest rates and the shape of the yield curve on changes in savings,
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composition and costs of deposits, loan demand and mortgage loan originations;
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behaviors, the levels, composition and costs of deposits, loan demand and mortgage
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collateral, our securities portfolio and interest-sensitive assets and
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values and liquidity of and interest-sensitive assets and liabilities;
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the risks of increases in market interest rates creating unrealized losses on our
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increases in market interest rates that may result in unrealized losses on our
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adversely affect our stockholders’ equity for financial
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affect our stockholders’ equity for financial reporting purposes and
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of financial technology and other competitors
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of financial technology and products, including
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who are not subject to the same regulation, including capital and liquidity
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stablecoin and other digital assets businesses, which are not subject to the same
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supervision and examination, as the Company and the Bank, and competition
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as the Company and the Bank, and
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from credit unions, which are not
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competition from credit unions, which are not subject to federal income taxation;
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policies, regulation and/or enforcement regarding
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more permissive regulation and/or enforcement of digital assets, such as cyber
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risks of fraud and theft of digital assets and their effects on
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risks to the payment systems, increases risks of fraud and theft of digital assets and their effects
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customers, other financial institutions, including our counterparties, financial
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financial institutions, including our counterparties, and confidence
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regulators, including capital and liquidity requirements, and changes in
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capital and liquidity requirements, and in the coverage and cost of FDIC deposit insurance;
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leadership and personnel, including reductions in the number and experience
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including reductions in the number and experience of personnel, at the bank
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and the uncertain effects of all
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CFPB, and the uncertain effects of all these, including the costs and
Showing the first 40 of 232 pairs. Open the source sections for the rest.
Rearranged current paragraphs (10)
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to be “well capitalized” under current regulatory
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This increase was due to growth in average interest-earning assets and improvements
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our deposit costs until our interest-earning assets reprice and we generate
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our internal assessment of the credit
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quality of the loan portfolio, our expectations about future economic
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Deposits of state, county and local governments were 61% and 58%
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under the Federal Reserve’s Small Bank Holding
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hedging relationship to assist in managing its interest rate sensitivity compared
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expected to have a significant impact on the Company’s
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have a significant impact on the Company’s
Rearranged previous paragraphs (9)
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including changes in the Federal Reserve’s
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of personnel, at the bank and
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these, including the costs and benefits of such changes;
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the scope and cost of FDIC insurance;
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the values and liquidity of loan
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This increase was primarily due to an increase in the Company’s
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This increase was primarily due to
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of deposits of state, county and
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program at September 30, 2025 and December 31, 2024, respectively.