AUBURN NATIONAL BANCORPORATION, INC

Consolidated Balance Sheets (Unaudited) as of March 31, 2026 and December 31, 2025

Consolidated Statements of Earnings (Unaudited) for the quarters ended March 31, 2026 and 2025

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the quarters ended March

31, 2026 and 2025

Consolidated Statements of Stockholders’ Equity (Unaudited) for the quarters ended March 31, 2026

and 2025

Consolidated Statements of Cash Flows (Unaudited) for the quarters ended March 31, 2026 and 2025

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 – Average Balances and Net Interest Income Analysis for the quarters ended March 31, 2026

and 2025

Table 4 – Volume and Rate Variance Analysis

Table 5 – Loan Maturities

Table 6 – Loan Sensitivities to Changes in Interest Rates on Loans Maturing in More Than One Year

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:

Cash and due from banks

$

13,844

$

22,335

33,340

21,322

Interest-bearing bank deposits

98,989

104,175

Cash and cash equivalents

146,173

147,832

Securities available-for-sale

226,785

233,259

—

Loans, net of unearned income

582,040

565,354

Allowance for credit losses

(6,776)

(7,176)

575,264

558,178

Premises and equipment, net

45,248

45,600

18,036

17,927

15,440

15,829

$

$

Liabilities:

Noninterest-bearing

$

260,580

$

268,026

Interest-bearing

670,529

654,900

931,109

922,926

Accrued expenses and other liabilities

2,776

3,818

Total liabilities

933,885

926,744

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

3,959,302

shares at March 31, 2026 and

3,957,135

shares at December 31, 2025

Additional paid-in capital

3,866

3,864

Retained earnings

120,496

119,241

Accumulated other comprehensive loss, net

(19,639)

(19,390)

Less treasury stock, at cost -

463,436

shares at both March 31, 2026

and December 31, 2025, respectively

Total stockholders’

equity

93,061

92,053

Total liabilities and stockholders’

equity

$

$

S