Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in Auburn, Alabama. The Bank provides a range of banking services in its primary market area, Lee County, which includes the Auburn-Opelika Metropolitan Statistical Area. The Bank offers various services, such as personal banking services, including personal checking services, personal savings services, and certificates of deposit (CDs) and individual retirement account (IRA), and business banking services, such as business services and savings. The Bank provides automated teller services in East Alabama and operates automated teller machines (ATMs) in over 10 locations in its primary service area. The Bank offers online banking and bill payment services through its Internet Website, www.auburnbank.com. The Bank also has a commercial loan production office in Phenix City, Alabama.
Lending Activities
The Company offers a range of loan products, which include commercial and industrial loans, construction and land development loans, commercial real estate loans, residential real estate loans and consumer installment loans. The Bank makes loans for commercial, financial and agricultural purposes, as well as for real estate mortgages and real estate acquisition, among others. Commercial and industrial loans include loans to finance business operations, equipment purchases, or other needs for small and medium-sized commercial customers. Construction and land development loans include both loans and credit lines for the purpose of purchasing, carrying and developing land into commercial developments or residential subdivisions. It also include loans and lines for construction of residential, multi-family and commercial buildings. Commercial real estate loans include loans disaggregated into owner occupied and other. Residential real estate loans include loans disaggregated into consumer mortgage and investment property. The Company's total loans amount to approximately $426,919,000.
Investment Activities
The Company's investment portfolio consists of its available-for-sale securities. The Company's available-for-sale securities include agency obligations, agency residential mortgage-backed securities (RMBS), and state and political subdivisions. The Company's available-for-sale securities' fair value amounts to approximately $241,687,000.
Sources of Funds
The Company offers a range of deposit products, which are its primary source of funds. The Company's deposits portfolio includes noninterest bearing demand accounts, negotiable order of withdrawal (NOW) accounts, money market accounts, savings accounts and brokered certificates of deposit accounts. The Company's total deposits amount to approximately $723,627,000. The Company's other borrowings consist of short-term borrowings and long-term debt.
100 N Gay St
The company trades on NASDAQ exchange. The company headquarter is located in Alabama, AL. The company was established in the 1907.| Ticker | AUBN |
| Long Name | Auburn National Bancorporation, Inc. |
| Short Name | Auburn National Bancorporation |