{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-301256","form_type":"8-K","ticker":"AUBN","cik":"0000750574","company_name":"AUBURN NATIONAL BANCORPORATION, INC","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.947827+00:00","generated_at":"2026-06-07T09:35:59.470594+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Auburn National sells $117.6M in securities, records $4.7M after-tax loss to reposition balance sheet","bullets":["Sold ~$117.6M (27% of AFS) with weighted avg book yield 2.11% and duration 4.0 years; after-tax loss of $4.7M ($1.36/share).","Proceeds $111.3M used to repay $48M wholesale funding at 5.38% cost; remainder held for loans and higher-yielding securities.","Expects net loss in Q4 2023 but improved net interest income by $2.8M pre-tax and EPS by ~$0.60 (after-tax) in 2024.","Balance sheet expected below $1B total assets by Dec 31, 2023, improving TCE ratio and providing cost savings.","Earn-back period ~2.3 years; capital ratios remain well above well-capitalized levels."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-301256","json":"https://secwatch.observer/filing/0001193125-23-301256.json","markdown":"https://secwatch.observer/filing/0001193125-23-301256.md","text":"https://secwatch.observer/filing/0001193125-23-301256.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750574/000119312523301256/0001193125-23-301256-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750574/000119312523301256/d607652d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:35:59.470594+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}