XML 78 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Long-term Debt | 12 Months Ended
--- | ---
Dec. 31, 2013
Long-term debt: |
Long-term Debt Text Block | NOTE 11: LONG-TERM DEBT At December 31, 2013 and 2012, the composition of long-term debt is presented below.
|  |  | 2013 |  | 2012
|  |  |  |  |  | Weighted |  |  |  |  | Weighted
(Dollars in thousands) |  |  | Amount |  | Avg. Rate |  |  | Amount |  | Avg. Rate
FHLB advances, due 2014 to 2018 |  | $ | 5,000 |  | 3.59 | % |  | $ | 25,000 |  | 3.42 | %
Securities sold under agreements to repurchase, due 2017 |  |  | — |  | — |  |  |  | 15,000 |  | 4.21 |
Subordinated debentures, due 2033 |  |  | 7,217 |  | 3.38 |  |  |  | 7,217 |  | 3.38 |
| Total long-term debt |  | $ | 12,217 |  | 3.47 | % |  | $ | 47,217 |  | 3.66 | %
The Bank had $5.0 million and $25.0 million of FHLB advances with original maturities greater than one year at December 31, 2013 and 2012, respectively. Securities with an aggregate carrying value of $1.0 million and $1.5 million and certain qualifying residential mortgage loans with an aggregate carrying value of $42.1 million and $45.5 million at December 31, 2013 and 2012, respectively, were pledged to secure long-term FHLB advances. The Bank had no securitie s sold under agreements to repurchase with an original maturity greater than one year at December 31, 2013 and $15.0 million in securities sold under agreements to repurchase with an original maturity greater than one year at December 31, 2012. Sec urities with an aggregate carrying value of $19.0 million at December 31, 2012 were pledged to secure long-term securities sold under agreements to repurchase. The Company formed Auburn National Bancorporation Capital Trust I, a wholly-owned statutory business trust, in 2003. The Trust issued $7.0 million of trust preferred securities that were sold to third parties. The proceeds from the sale of the trust preferred securities and trust common securities that we hold, were used to purchase subordinate d debentures of $7.2 million from the Company, which are presented as long-term debt in the consolidated balance sheets and qualify for inclusion in Tier 1 capital for regulatory capital purposes, subject to certain limitations. The debentures mature on D ecember 31, 2033 and have been redeemable since December 31, 2008. The following is a schedule of contractual maturities of long-term debt:
(Dollars in thousands) |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | Thereafter |  | Total
FHLB advances | $ | — |  | — |  | — |  | — |  | 5,000 |  | — |  | 5,000
Subordinated debentures |  | — |  | — |  | — |  | — |  | — |  | 7,217 |  | 7,217
| Total long-term debt | $ | — |  | — |  | — |  | — |  | 5,000 |  | 7,217 |  | 12,217

X
- Details
Name: | us-gaap_LongTermDebtAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration