XML 39 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1
Auburn National Bancorporation - Parent Company Financials
12 Months Ended
Dec. 31, 2021
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)
2021
2020
Assets:
Cash and due from banks
$
2,705
4,049
Investment in bank subsidiary
100,951
103,695
Other assets
630
631
Total assets
$
104,286
108,375
Liabilities:
Accrued expenses and other liabilities
$
560
685
Total liabilities
560
685
Stockholders' equity
103,726
107,690
Total liabilities and stockholders'
 
equity
$
104,286
108,375
CONDENSED STATEMENTS
 
OF EARNINGS
Year ended December 31
(Dollars in thousands)
2021
2020
Income:
Dividends from bank subsidiary
$
3,682
3,638
Noninterest income
665
862
Total income
4,347
4,500
Expense:
Noninterest expense
189
255
Total expense
189
255
Earnings before income tax expense and equity
in undistributed earnings of bank subsidiary
4,158
4,245
Income tax expense
82
110
Earnings before equity in undistributed earnings
of bank subsidiary
4,076
4,135
Equity in undistributed earnings of bank subsidiary
3,963
3,319
Net earnings
$
8,039
7,454
CONDENSED STATEMENTS
 
OF CASH FLOWS
Year ended December 31
(Dollars in thousands)
2021
2020
Cash flows from operating activities:
Net earnings
$
8,039
7,454
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Net decrease (increase) in other assets
1
(6)
Net decrease in other liabilities
(120)
(561)
Equity in undistributed earnings of bank subsidiary
(3,963)
(3,319)
Net cash provided by operating activities
3,957
3,568
Cash flows from financing activities:
Dividends paid
(3,682)
(3,638)
Stock repurchases
(1,619)
Net cash used in financing activities
(5,301)
(3,638)
Net change in cash and cash equivalents
(1,344)
(70)
Cash and cash equivalents at beginning of period
4,049
4,119
Cash and cash equivalents at end of period
$
2,705
4,049