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Auburn National Bancorporation - Parent Company Financials

12 Months Ended

Dec. 31, 2019

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

NOTE 17: 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)	2019		2018
Assets:
Cash and due from banks	$	4,119		1,941
Investment in bank subsidiary		94,837		87,956
Other assets		625		626
Total assets	$	99,581		90,523
Liabilities:
Accrued expenses and other liabilities	$	1,253		1,468
Total liabilities		1,253		1,468
Stockholders' equity		98,328		89,055
Total liabilities and stockholders' equity	$	99,581		90,523

CONDENSED STATEMENTS OF EARNINGS
			Year ended December 31
(Dollars in thousands)			2019		2018
Income:
Dividends from bank subsidiary			$	8,574		6,533
Noninterest income				346		149
	Total income			8,920		6,682
Expense:
Interest expense				—		51
Noninterest expense				212		237
	Total expense			212		288
Earnings before income tax expense (benefit) and equity
	in undistributed earnings of bank subsidiary			8,708		6,394
Income tax expense (benefit)				26		(28)
Earnings before equity in undistributed earnings
	of bank subsidiary			8,682		6,422
Equity in undistributed earnings of bank subsidiary				1,059		2,412
	Net earnings		$	9,741		8,834

CONDENSED STATEMENTS OF CASH FLOWS
						Year ended December 31
(Dollars in thousands)					2019			2018
Cash flows from operating activities:
	Net earnings				$	9,741		8,834
	Adjustments to reconcile net earnings to net cash
		provided by operating activities:
			Net decrease in other assets			7		1,134
			Net decrease in other liabilities			(215)		(70)
			Equity in undistributed earnings of bank subsidiary			(1,059)		(2,412)
				Net cash provided by operating activities		8,474		7,486
Cash flows from financing activities:
	Repayments or retirement of long-term debt					—		(3,217)
	Dividends paid					(3,575)		(3,498)
	Stock repurchases					(2,721)		—
				Net cash used in financing activities		(6,296)		(6,715)
Net change in cash and cash equivalents						2,178		771
Cash and cash equivalents at beginning of period						1,941		1,170
Cash and cash equivalents at end of period					$	4,119		1,941

X

- References

No definition available.

+ Details

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Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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/disclosureRef
-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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

+ Details

Name:	us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration