Auburn National Bancorporation - Parent Company (Tables)

12 Months Ended

Dec. 31, 2012

CONDENSED BALANCE SHEETS
				December 31
(Dollars in thousands)	2012		2011
Assets:
Cash and due from banks	$	1,316		1,369
Investment in bank subsidiary		76,547		71,842
Premises and equipment		158		170
Other assets		1,162		1,178
Total assets	$	79,183		74,559

Liabilities:
Accrued expenses and other liabilities	$	1,817		1,926
Long-term debt		7,217		7,217
Total liabilities		9,034		9,143
Stockholders' equity		70,149		65,416
Total liabilities and stockholders' equity	$	79,183		74,559

CONDENSED STATEMENTS OF EARNINGS
		Year ended December 31
(Dollars in thousands)		2012		2011		2010
Income:
Dividends from bank subsidiary		$	3,231		3,158	3,085
Noninterest income			288		385	417
	Total income		3,519		3,543	3,502
Expense:
Interest expense			236		236	236
Noninterest expense			318		485	577
	Total expense		554		721	813
Earnings before income tax benefit and equity
	in undistributed earnings of bank subsidiary		2,965		2,822	2,689
Income tax benefit			(45)		(31)	(65)
Earnings before equity in undistributed earnings
	of bank subsidiary		3,010		2,853	2,754
Equity in undistributed earnings of bank subsidiary			3,753		2,685	2,592

	Net earnings	$	6,763		5,538	5,346

CONDENSED STATEMENTS OF CASH FLOWS
						Year ended December 31
(Dollars in thousands)					2012		2011	2010
Cash flows from operating activities:
	Net earnings				$	6,763	5,538	5,346
	Adjustments to reconcile net earnings to net cash
		provided by operating activities:
			Depreciation and amortization			29	80	106
			Net decrease in other assets			16	22	16
			Net (decrease) increase in other liabilities			(109)	(727)	32
			Equity in undistributed earnings of bank subsidiary			(3,753)	(2,685)	(2,592)
				Net cash provided by operating activities		2,946	2,228	2,908

Cash flows from investing activities:
	Purchases of premises and equipment					(17)	—	(20)
	Proceeds from sale of premises and equipment to bank subsidiary					—	4,450	—
	Capital contribution to bank subsidiary					—	(3,200)	—
				Net cash (used in) provided by investing activities		(17)	1,250	(20)

Cash flows from financing activities:
	Stock repurchases					—	—	(9)
	Proceeds from sale of treasury stock					5	1	2
	Dividends paid					(2,987)	(2,914)	(2,842)
				Net cash used in financing activities		(2,982)	(2,913)	(2,849)

Net change in cash and cash equivalents						(53)	565	39
Cash and cash equivalents at beginning of period						1,369	804	765
Cash and cash equivalents at end of period					$	1,316	1,369	804