XML 48 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Variable Interest Entities | 9 Months Ended
--- | ---
Sep. 30, 2012
Variable interest entity [Abstract] |
Variable interest entity [Text Block] | NOTE 3: VARIABLE INTEREST ENTITIES Under ASC 810, the Company is deemed to be the primary beneficiary and required to consolidate a variable interest entity (VIE) if it has a variable interest in the VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. ASC 810, requires continual reconsideration of conclusions reached regarding which interest holder is a VIE's primary beneficiary and disclosures surrounding those VIE's which have not been consolidated. The consolidation methodology provided in this footnote for the quarter ended September 30, 2012, and the year ended December 31, 2011 has been prepared in accordance with ASC 810. At September 30, 2012, the Comp any did not have any consolidated VIEs to disclose but did have one nonconsolidated VIE, discussed below. Trust Preferred Securities The Company owns the common stock of a subsidiary business trust, Auburn National Bancorporation Capital Trust I, which issued mandatorily redeemable preferred capital securities (“trust preferred securities”) in the aggregate of approximately $7.0 million at the time of issuance. Th is trust meet s the definition of a VIE of which the Company is not the primary beneficiary; the trust's only assets are junior subordinated debentures issued by the Company, w hich were acquired by the trust using the proceeds from the issuance of the trust preferred securities and common stock. The junior subordinated debentures of approximately $7.2 million are included in long-term debt and the Company's equity interest in the business trust is included in other assets on the accompanying Consolidated Balance Sheets. Interest expense on the junior subordinated debentures is included in interest expense on long-term debt. For regulatory reporting and capital adequacy purposes, the Federal Reserve Board has proposed, as part of its Basel III capital rules, to phase out trust preferred securities as Tier 1 Capital over 10 years for institutions with total assets under $15 billion. The following table summarizes VIEs that are not consolidated by the Company as of September 30, 2012.
|  | Maximum |  |  | Liability |  |
(Dollars in thousands) |  | Loss Exposure |  |  | Recognized |  | Classification
Type: |  |  |  |  |  |  |
Trust preferred issuances |  | N/A |  |  | $ 7,217 |  | Long-term debt

X
- Details
Name: | aubn_VariableInterestEntityAbstract
Namespace Prefix: | aubn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Variable Interest Entity Text Block + References No definition available. + Details
Name: | aubn_VariableInterestEntityTextBlock
Namespace Prefix: | aubn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration