secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001193125-23-114609
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Q1 net earnings decline to $0.56/sh; NIM expands to 3.17% but provision and NPA rise
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- Net earnings $2.0M ($0.56/sh) vs $2.1M ($0.59/sh) in Q1 2022, a 5% decline.
- Total revenues up 13% YoY; net interest margin (tax-equivalent) 3.17% vs 2.43%.
- Provision for credit losses $0.1M (vs negative $0.3M); CECL adoption added $1.0M to allowance.
- Nonperforming assets $2.7M (0.26% of assets) vs $0.8M (0.07%) a year ago; one large relationship.
- Dividends increased 2% to $0.27/sh; no wholesale borrowings; uninsured deposits 39.3% (adjusted 20.9%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312523114609/0001193125-23-114609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312523114609/d500474d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-114609

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