Auburn National Bancorporation, Inc (NASDAQ: AUBN)

Auburn National Bancorporation, Inc. is a bank holding company registered with the Federal Reserve under the Bank Holding Company Act of 1956. The company controls AuburnBank, an Alabama state member bank headquartered in Auburn, Alabama, and conducts its business primarily through the Bank and its subsidiaries. Auburn National Bancorporation, Inc. enables diversification into financial services beyond those permitted to the Bank under applicable laws, providing greater financial and operational flexibility. The Bank has operated continuously since 1907 and maintains a primary service area in East Alabama, including Lee County and surrounding communities.

The company generates revenue primarily through the Bank's core banking activities, including interest income from loans and fees from deposit accounts and other financial services. AuburnBank offers checking, savings, transaction deposit accounts, certificates of deposit, and is an active residential mortgage lender in its service area. The Bank provides commercial, financial, agricultural, real estate construction, and consumer loan products, along with electronic banking services such as online banking, bill payment, and online consumer account opening. Revenue is derived from interest on loans, service charges on deposit accounts, and fees associated with Visa® Checkcards and other electronic services.

The company operates through the following segments:

• Banking: This segment encompasses the full range of traditional banking services offered by AuburnBank and its subsidiaries. The Bank provides deposit products including checking, savings, and certificates of deposit, as well as lending services for residential mortgages, commercial real estate, construction, agricultural, and consumer purposes. AuburnBank issues Visa® Checkcards, which function as debit cards with the Visa logo and can be used domestically and internationally through the Plus® network. The segment also includes online banking, bill payment, and electronic account opening services available through www.auburnbank.com.

Auburn National Bancorporation, Inc. holds a competitive position in the East Alabama banking market, particularly in Lee County where it maintains the largest share of deposits based on FDIC data as of June 30, 2025. The Bank competes with 20 national, regional, and community banks operating in the area, many of which have greater financial, technological, and marketing resources. Additionally, the Bank faces competition from credit unions, mortgage lenders, insurance companies, investment firms, and digital-only financial service providers. AuburnBank differentiates itself through an emphasis on customer relationships, deep community presence, local decision-making, and responsive service tailored to the needs of individuals and businesses in its primary market.

The Bank serves individuals, families, and businesses located primarily in Lee County, Alabama, including the cities of Auburn and Opelika and surrounding communities in East Alabama. Its customer base includes retail consumers, small and medium-sized enterprises, agricultural operations, and local government entities. The Bank also serves employees and students of Auburn University, regional healthcare providers, and workers in distribution, logistics, retail, and automobile manufacturing sectors along the Interstate 85 corridor. AuburnBank’s services are designed to meet the financial needs of a diverse customer base rooted in the region’s economic drivers, including education, healthcare, manufacturing, and logistics.