What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-11 compared with 2024-03-14 · 36 added, 76 removed, 38 unchanged (75% of the section changed)

2 unchanged sentences

ISSUER PURCHASES OF EQUITY SECURITIES

The Company’s Common Stock is listed

on the Nasdaq Global Market, under the symbol “AUBN”.

The Company’s Common

Stock is listed on the Nasdaq Global Market, under the symbol “AUBN”.

As of March 10,

2 unchanged sentences

approximately 330 shareholders of record.

The following table sets forth, for the indicated

periods, the high and low closing

sale prices for the Company’s Common Stock

as reported on the Nasdaq Global Market, and the cash dividends declared

The following table sets forth, for

the indicated periods, the high and low closing

sale prices for the Company’s Common

Stock as reported on the Nasdaq Global Market, and the cash dividends declared to

shareholders during the indicated periods.

10 unchanged sentences

The Company has paid cash dividends on its capital stock since 1985.

Prior to this time, the

Bank paid cash dividends since

Prior to this time,

the Bank paid cash dividends since

its organization in 1907, except during the Depression years of

1932 and 1933.

Holders of Common Stock are entitled to

2 unchanged sentences

The amount and frequency

of cash dividends is determined in the judgment of the Board based upon a number of factors,

including the Company’s

of cash dividends is determined in the judgment of the Board based upon a number

of factors, including the Company’s

earnings, financial condition, liquidity,

capital and regulatory requirements and other relevant factors and the availability

dividend payable by the Bank consistent with amounts available therefore, including the Bank’s

earnings, financial

condition, liquidity, regulatory

and capital requirements and other relevant factors.

The Board currently intends to continue

capital and regulatory requirements and other relevant factors and the availability of

dividends payable by the Bank consistent with amounts available therefore,

including the Bank’s earnings,

condition, liquidity, regula

tory and capital requirements and other relevant factors.

The Board currently intends to

its present dividend policies.

5 unchanged sentences

The Bank and the Company

can only pay dividends, repurchase stock and pay discretionary bonuses, if our capital

conservation buffer exceeds 2.5%

and from our eligible retained income over the last four calendar quarters.

Eligible retained income equals the greater of:

can only pay dividends, repurchase stock and pay discretionary bonuses,

if our capital conservation buffer of CET1 capital

exceeds 2.5% and from our eligible retained income over the last four calendar

Eligible retained income equals

the greater of:

net income for the four preceding calendar quarters, net of any distributions and associated

2 unchanged sentences

the average net income over the preceding four quarters.

Federal Reserve policy could restrict future dividends on our Common Stock, depending

on our earnings and capital

position, risks and likely needs.

See “Supervision and Regulation –

Payment of Dividends” and “Management’s Discussion

and Analysis of Financial Condition and Results of Operations – Capital

Adequacy” and “Risk Factors -

Our ability to

continue to pay dividends to shareholders and

repurchase stock in

the future is subject to our profitability,

capital, liquidity

and regulatory requirements

and these limitations may prevent or limit future

Performance Graph

The following performance graph compares the cumulative, total return on the

Company’s Common Stock

December 31, 2018 to December 31, 2023, with that of the Nasdaq Composite Index and

BMI Banks – Southeast

Region Index (assuming a $100 investment on December 31, 2018).

Cumulative total

return represents the change in stock

price and the amount of dividends received over the indicated period, assuming the

reinvestment of dividends.

Period Ending

Auburn National Bancorporation, Inc.

NASDAQ Composite Index

BMI Banks - Southeast Region Index

Federal Reserve policy could restrict future dividends from the Bank or on

Company Common Stock, depending on our

earnings and capital position, risks and likely needs.

The Alabama Banking Code also limits dividends payable by the

See “Supervision and Regulation –Dividends and Distributions” and

“Management’s Discussion and Analysis of

Financial Condition and Results of Operations – Capital Adequacy”

and “Risk Factors -

Our ability to continue to pay

dividends to shareholders and repurchase

stock in the future is subject to our profitability,

capital, liquidity and regulatory

requirements and

these limitations may prevent or limit future

Issuer Purchases of Equity Securities

Total Number of

Shares Purchased

Average Price Paid

Total Number of

Shares Purchased as

Part of Publicly

Announced Plans or

The Approximate

the Plans or Programs

October 1 – October 31, 2023

November 1 – November 30, 2023

December 1 – December 31, 2023

On April 12, 2022, the Board of Directors of Auburn National Bancorporation, Inc.

(the "Company") announced that its Board of

Directors had approved a new stock repurchase program to replace the repurchase program that expired on March 31, 2022.

program authorized the repurchase, from time to time, of up to $5 million of the Company’s issued and outstanding common stock

through the earliest of (i) the expenditure of $5 million on Share repurchases, (ii) the termination or replacement of the Repurchase Plan

and (iii) April 15, 2024.

The stock repurchases may be open-market or private purchases, negotiated transactions, block purchases, and

Securities Authorized for Issuance Under Equity Compensation Plans

See the information included under Part III, Item 12, which is incorporated

in response to this item by reference.

Unregistered Sale of Equity Securities

Not applicable.

SELECTED FINANCIAL DATA

See Table 2 “Selected Financial

Data” and general discussion in Item 7, “Management’s

Discussion and Analysis of

Financial Condition and Results of Operations”.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity