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Auburn National Bancorporation - Parent Company Financials

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 20: AUBURN NATIONAL BANCORPORATION (PARENT COMPANY)

The Parent Company’s condensed balance sheets and related condensed statements of earnings and cash flows are as follows:

CONDENSED BALANCE SHEETS
				December 31
(Dollars in thousands)	2016		2015
Assets:
Cash and due from banks	$	2,190		2,187
Investment in bank subsidiary		83,984		85,529
Other assets		881		845
Total assets	$	87,055		88,561
Liabilities:
Accrued expenses and other liabilities	$	1,661		1,395
Long-term debt		3,217		7,217
Total liabilities		4,878		8,612
Stockholders' equity		82,177		79,949
Total liabilities and stockholders' equity	$	87,055		88,561

CONDENSED STATEMENTS OF EARNINGS
			Year ended December 31
(Dollars in thousands)			2016		2015
Income:
Dividends from bank subsidiary			$	6,709		3,450
Noninterest income				129		135
	Total income			6,838		3,585
Expense:
Interest expense				228		236
Gain on early extinguishment of debt				(790)		—
Noninterest expense				193		195
	Total expense			(369)		431
Earnings before income tax benefit and equity
	in undistributed earnings of bank subsidiary			7,207		3,154
Income tax expense (benefit)				157		(80)
Earnings before equity in undistributed earnings
	of bank subsidiary			7,050		3,234
Equity in undistributed earnings of bank subsidiary				1,100		4,624
	Net earnings		$	8,150		7,858

CONDENSED STATEMENTS OF CASH FLOWS
						Year ended December 31
(Dollars in thousands)					2016			2015
Cash flows from operating activities:
	Net earnings				$	8,150		7,858
	Adjustments to reconcile net earnings to net cash
		provided by operating activities:
			Gain on early extinguishment of debt			(790)		—
			Net (increase) decrease in other assets			(36)		1
			Net increase (decrease) in other liabilities			268		(153)
			Equity in undistributed earnings of bank subsidiary			(1,100)		(4,624)
				Net cash provided by operating activities		6,492		3,082
Cash flows from financing activities:
	Repayments or retirement of long-term debt					(3,210)		—
	Dividends paid					(3,279)		(3,206)
				Net cash used in financing activities		(6,489)		(3,206)
Net change in cash and cash equivalents						3		(124)
Cash and cash equivalents at beginning of period						2,187		2,311
Cash and cash equivalents at end of period					$	2,190		2,187

X

- References

No definition available.

+ Details

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X

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 06
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 05
-Paragraph c
-Article 7

+ Details

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