AUBURN NATIONAL BANCORPORATION, INC
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-11.
0001193125-26-345021
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-06.
0001437749-26-035472
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe 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 117 previous paragraphs and 13 current paragraphs.
2 unchanged; 5 reworded; 6 added; 79 removed; 31 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 1 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 (6)
Current report
During the third quarter of 2026, we entered into an additional interest rate swap and an interest rate floor designated as hedging instruments to manage our exposure to changes in interest rates, and we may enter into additional derivative instruments in the future. Our interest rate swaps have an aggregate notional amount of $102.0 million and the interest rate floor has a notional amount of $90.0 million, all with a single financial institution counterparty. Hedging strategies involve risks, including that the instruments may not be effective in offsetting changes in the fair value of, or the interest income on, the hedged assets, that a hedging relationship may cease to qualify for hedge accounting and cause volatility in our earnings or stockholders’ equity, and that our counterparty may fail to perform its obligations, including the return of collateral we have posted.
Current report
Our agreements with the counterparty provide for the daily exchange of collateral based on the net fair value of the derivative positions, with no minimum threshold. A decline in market interest rates would reduce the fair value of our pay-fixed swap positions and could require us to post collateral in amounts that could be significant. Posting cash collateral reduces our liquid assets, and posting securities would reduce the securities available to secure FHLB-Atlanta advances and public deposits. In addition, if the Bank fails to remain “well capitalized” under applicable regulatory capital requirements, the counterparty could terminate the positions and require immediate settlement at their fair value. These obligations could adversely affect our liquidity.
Current report
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Current report
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Removed paragraphs (79)
Previous report
The persistence of inflation above the Federal Reserve’s
Previous report
targets, and the maintenance of or further increases in, tightened
Previous report
Federal Reserve monetary policy by increased target
Previous report
interest rates and/or reductions in the Federal Reserve’s
Previous report
securities portfolio, have affected and may continue to affect
Previous report
levels of interest rates, mortgage originations and income, the market values of
Previous report
resulted in unrealized securities losses that have adversely affected
Previous report
2% target rate, since December 2025, the Federal Reserve has
Previous report
federal funds range from 3.50% to 3.75% and on October 29, 2025 announced
Previous report
securities it held beginning December 1, 2025 as the Federal Reserve sought
Previous report
employment and 2% inflation over the longer run.
Previous report
Beginning December 11, 2025, the Federal Reserve began
Previous report
holdings of securities through purchases of Treasury
Previous report
bills and, if needed, other Treasury securities with remaining
Previous report
maturities of 3 years or less to maintain an ample level of reserves, and reinvested all principal
Previous report
securities and reinvested all principal payment on agency securities into Treasury
Previous report
The reductions in the target federal funds rates and Federal Reserve purchases
Previous report
of additional securities may be viewed as a more accommodative monetary policy,
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affect our deposit costs and mixes, and consumer savings and payment
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reaffirmed its commitment to price stability and its 2% inflation
Previous report
target, and left the target range for the federal funds rate
Showing the first 40 of 79 passages. Open the source sections for the rest.
Reworded paragraphs (5)
Previous wording
In addition to the other information set forth in this report, you should carefully
Current wording
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. “RISK FACTORS” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, which could materially affect our business, financial condition or future results. The risks described in our annual report on Form 10-K are not the only risks facing our Company.
Previous wording
operating costs, expected returns and cash flows available to service our loans.
Current wording
Inflation has remained above the Federal Reserve’s 2% target. After reducing its target federal funds rate range in late 2025, the Federal Reserve held the range at 3.50% to 3.75% through August 2026 while resuming purchases of Treasury securities to maintain an ample level of reserves. Following the Federal Reserve’s July 29, 2026 meeting, yields on longer-term U.S. Treasury securities rose to their highest levels in 24 years, and 30-year residential mortgage rates and other interest rates also increased. On September 16, 2026, the Federal Reserve increased the target range by 25 basis points to 3.75% to 4.00% and signaled that additional increases could follow if inflation remains elevated. At its October 28, 2026 meeting of the Federal Open Market Committee (“FOMC”), the FOMC did not change its target federal funds range, but noted strong economic activity, little change in unemployment rates, and that inflation remains elevated and above the FOMC’s 2% goal. These developments have affected, and further increases in market interest rates could continue to affect, our deposit costs and mix, our borrowing costs, the market values of our securities and loans and the unrealized losses reflected in our stockholders’ equity, mortgage originations and loan demand, and our borrowers’ operating costs and cash flows available to service their loans. The timing and direction of future monetary policy actions, and the nature and extent of the Federal Reserve’s public communications regarding such actions, are uncertain. These and other risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition, and/or operating results in the future.
Current wording
Military hostilities involving the United States, Israel and Iran commenced on February 28, 2026 and continue subject to various temporary cease fire arrangements and pauses. As a result, shipments of petroleum products through the Strait of Hormuz have been limited, reducing the total volumes of oil in the international markets and causing oil prices to rise significantly. More recently, attacks have been made on petroleum shipments through the Red Sea by forces aligned with Iran. Supply chains where petroleum is an input have been adversely affected, and transportation costs, prices and inflation in the United States and elsewhere have increased. These pressures may increase our and our borrowers’ operating costs and contribute to higher or more volatile interest rates, which could adversely affect our net interest margin, the value of our securities portfolio, and the ability of our borrowers to repay their loans. The duration of these hostilities and the long-term effects of the disruption of petroleum shipments and the other costs and effects of these hostilities cannot be predicted.
Previous wording
stock during the second quarter of 2026 were as follows:
Current wording
The Company’s repurchases of its common stock during the third quarter of 2026 were as follows:
Previous wording
(1) On March 17, 2026, the Company announced that its Board of Directors had approved a stock repurchase program authorizing the
Current wording
(1) On March 17, 2026, the Company announced that its Board of Directors had approved a stock repurchase program authorizing the repurchase, from time to time, of up to $5.0 million of the Company's issued and outstanding common stock. The program will remain in effect until the earliest of (i) the expenditure of $5.0 million on share repurchases, (ii) the termination or replacement of the program, and (iii) February 28, 2027. Repurchases may be made through open-market or private purchases, negotiated transactions, block purchases or otherwise. The Company is not required to acquire any specific number of shares and may suspend or terminate the program at any time. All purchases of shares pursuant to the stock repurchase program shown above were made in open market transactions.
Rearranged previous paragraphs (31)
Previous report — wording carried elsewhere
consider the factors discussed in Part I,
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which could materially affect our business, financial condition
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or future results. The risks described in our annual report on
Previous report — wording carried elsewhere
Form 10-K are not the only risks facing our Company.
Previous report — wording carried elsewhere
Following this meeting, yields on longer-term U.S.
Previous report — wording carried elsewhere
The timing and direction of future monetary policy actions, and the nature and
Previous report — wording carried elsewhere
These changes and other risks and uncertainties
Previous report — wording carried elsewhere
not currently known to us or that we currently deem to be immaterial also may
Previous report — wording carried elsewhere
financial condition, and/or operating results in the future.
Previous report — wording carried elsewhere
Military hostilities involving the United States, Israel and Iran commenced on February
Previous report — wording carried elsewhere
28, 2026 and continue subject to
Previous report — wording carried elsewhere
various temporary cease fire arrangements and pauses. As a result, shipments of
Previous report — wording carried elsewhere
petroleum products through the Strait of
Previous report — wording carried elsewhere
Hormuz have been limited, reducing the total volumes of oil in the international
Previous report — wording carried elsewhere
markets and causing oil prices to rise
Previous report — wording carried elsewhere
been made on petroleum shipments through the Red Sea by forces aligned with
Previous report — wording carried elsewhere
Iran. Supply chains where petroleum is an input have been adversely
Previous report — wording carried elsewhere
affected, and transportation costs, prices and inflation
Previous report — wording carried elsewhere
in the United States and elsewhere have increased. These pressures may increase
Previous report — wording carried elsewhere
our and our borrowers’ operating costs
Previous report — wording carried elsewhere
and contribute to higher or more volatile interest rates, which could adversely
Previous report — wording carried elsewhere
affect our net interest margin, the value of
Previous report — wording carried elsewhere
our securities portfolio, and the ability of our borrowers to repay their
Previous report — wording carried elsewhere
The duration of these hostilities and the long-
Previous report — wording carried elsewhere
erm effects of the blockage of petroleum shipments and the other
Previous report — wording carried elsewhere
costs and effects of these hostilities cannot be predicted.
Previous report — wording carried elsewhere
The Company’s repurchases of its common
Previous report — wording carried elsewhere
repurchase, from time to time, of up to $5.0 million of the Company's issued and outstanding common stock.
Previous report — wording carried elsewhere
in effect until the earliest of (i) the expenditure of $5.0 million on share repurchases, (ii) the termination or replacement of the program,
Previous report — wording carried elsewhere
Repurchases may be made through open-market or private purchases, negotiated transactions, block purchases
Previous report — wording carried elsewhere
The Company is not required to acquire any specific number of shares and may suspend or terminate the program at any