What changed in this filing

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Item 1B. Unresolved Staff Comments

2026-03-17 compared with 2025-03-11 · 79 added, 71 removed, 189 unchanged (44% of the section changed)

3 unchanged sentences

on various information systems and other electronic resources to operate our business.

nearly all of our customers, service providers and other business partners on

whom we depend, including the providers of

nearly all of our customers, service providers and other business partners on whom

we depend, including the providers of

our online banking, mobile banking and accounting systems, use their own

7 unchanged sentences

organizations with substantial funds, and technical

and other resources

and other resources, and may increase during wars, armed conflicts and

heightened international tensions.

As a bank, we and our vendors, service providers and customers may be attractive targets,

2 unchanged sentences

Insurance to fully cover these risks is unavailable in sufficient amounts at reasonable

believe the more effective approach is taking active measures to

detect, deter and reduce cybersecurity threats, and be

believe the more effective approach is taking active measures to detect,

deter and reduce cybersecurity threats, and be

prepared to address and remediate any breaches and prevent similar breaches

5 unchanged sentences

Accordingly, we have devoted

significant resources to assessing, identifying and managing risks associated

significant resources to assessing, identifying and managing risks associated with

cybersecurity threats, including:

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and potential improvements;

Implementing layers of controls and not allowing excessive reliance on

any single control;

mplementing layers of controls and avoiding excessive reliance on any single

Employing a variety of preventative and detective tools designed to monitor,

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Leveraging people, processes and technology to manage and maintain cybersecurity

Performing initial and ongoing due diligence with respect to our third-party

service providers, including their

cybersecurity practices and safeguards, and service level standards

based on the risk they pos to the Bank;

Maintaining a vendor management program with pre-engagement and periodic

10 unchanged sentences

service providers, including their

cybersecurity practices and safeguards, and service level standards

based on the risk they pose to the Bank;

cybersecurity practices and safeguards, and service level standards based

on the risk they pose to the Bank;

Engaging third-party cybersecurity consultants, who conduct periodic penetration

2 unchanged sentences

systems and processes;

Conducting periodic cybersecurity training for our employees and the Company’s

board of directors.

Conducting periodic cybersecurity training for our employees and the Compa

ny’s board of directors.

Our Information Security Program is a key part of our overall risk management

system, which is administered by our IT

Steering Committee and evaluated by our IT Steering Committee and chief

risk officer.

Steering Committee and evaluated by our IT Steering Committee and

Chief Risk Officer.

The program includes

2 unchanged sentences

customer records and information.

From time-to-time, we have identified cybersecurity threats

that require us to make changes to our processes and equipment

and to implement additional safeguards.

While none of these identified

threats or incidents have materially affected us, it is

From time-to-time, we have identified cybersecurity threats that require

us to make changes to our processes and equipment

and implement additional safeguards.

While none of these identified threats

or incidents have materially affected us, it is

possible that threats and incidents we identify in the future could have a material

2 unchanged sentences

continuity of service and reputation, and our results of operations and financial

“Risk Factors”.

The Company’s Chief Technology

Officer is responsible for the day-to-day management of cybersecurity

risks we face and

Officer is responsible for the day-to-day management of cybersecurity risks we face and

oversees the IT Steering Committee, which is chaired by a director of

1 unchanged sentence

The IT Steering Committee

oversees the information security assessment, development of policies,

standards and procedures, testing, training and

oversees the information security assessment, development

of policies, standards and procedures, testing, training and

security report processes.

18 unchanged sentences

In addition, the Company’s

Board, both as a whole and through directors participating in the IT Steering

Committee, is

Board, both as a whole and through directors participating in the IT Steering Committee,

responsible for the oversight of risk management, including cybersecurity

21 unchanged sentences

and a loan production office.

The Bank owns its main campus in downtown Auburn, Alabama, which

comprises over 4 acres and includes the newly

constructed AuburnBank Center, which

was completed in May 2022 and had its grand opening in June 2022.

AuburnBank Center has approximately 90,000 square feet of space.

The Bank owns its main campus in downtown Auburn, Alabama, which comprises

over 4 acres and includes the

AuburnBank Center, drive-through

facility, and parking deck.

The AuburnBank Center, which was constructed

2022, has approximately 90,000 square feet of space.

The AuburnBank Center includes the Bank’s

office, Auburn loan production office, and

all of its back-office operations.

The main office branch offers the full line of

the Bank’s services and has one

main office, the Auburn

loan production office, and all of its back-office

The main office branch offers the full line

of bank services and

The AuburnBank Center has approximately 46,000 square feet of Class A office

space and approximately

5,000 square feet of retail space available for lease to third party tenants,

of which approximately 32,000 square feet is

currently leased and occupied.

The Bank’s drive-through facility located

on the main office campus was

constructed in October 2012.

This drive-through facility has five drive-through lanes, including an ATM,

and a walk-up

teller window.

The Bank has approximately 46,000 square feet of Class A office space

and approximately 5,000 square

feet of retail space in the new AuburnBank Center building available for

lease to third party tenants, of which

approximately 21,000 square feet is currently leased and occupied.

on the main office campus was constructed in

October 2012.

This drive-through facility has five drive-through lanes, including

and a walk-up teller window.

The parking deck has approximately 500 parking spaces, is open to the public and

charges hourly,

monthly, and special

event rates, and provides

parking needs for the Bank’s employees

and customers.

Of the 500 parking spaces,

approximately 100 to 150 parking spaces have been made available

to a third-party under a long-term lease.

The Opelika branch is located in Opelika, Alabama.

This branch, built

in 1991, is owned by the Bank and has

This branch, built in

1991, is owned by the Bank and has

approximately 4,000 square feet of space.

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the land for this branch from a third party.

In May 2024, the Bank’s land lease renewe

In May 2025, the Bank’s land lease renewed

for another one-year term.

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In November 2025, the Bank renewed

its lease for another 2 years.

In February 2009, the Bank opened a branch located on Bent Creek Road in

Auburn, Alabama.

its lease for another year.

In February 2009, the Bank opened a branch located on Bent Creek Road

in Auburn, Alabama.

This branch is owned by the

14 unchanged sentences

approximately 35 vehicles.

Prior to December 2011, the Bank had operated a

loan production office in Valley,

Prior to December 2011, the Bank had operated

a loan production office in Valley,

originally opened in September 2004.

In February 2015, the Bank relocated its branch in the Auburn Kroger store

to a new leased location within the Corner

Village Shopping Center in

After careful consideration of the Bank’s customers,

branch usage, parking issues, the

lack of a drive through window and the close proximity to our other locations

in Auburn, the Bank closed the Corner

The Bank operated a branch in the Corner Village

Shopping Center in Auburn from 2015 to the end of 2024.

After careful

consideration of the Bank’s customers,

branch usage, parking issues, the lack of a drive through window and the

proximity to our other locations in Auburn, the Bank closed the Corner

Village branch on December 31,

31, 2024, and its lease expired January 31, 2025.

2024, and its lease

expired January 31, 2025.

In September 2015, the Bank relocated its Auburn Wal

-Mart Supercenter branch in south Auburn, which had been

in 2004 to a new building, which the Bank built in 2015 at the intersection

Donahue Avenue

in 2004, to a new building which the Bank built in 2015 at the intersection of

Donahue Avenue and E.

University Drive

23 unchanged sentences

In addition to the seven ATMs

at various branch locations, the Bank also has three ATMs

located at various locations

within our primary service area.

The Bank had a 2,500 square feet loan production office on

East Samford Avenue

in Auburn, Alabama.

at various branch locations, the Bank also has one ATM

located in Notasulga, Alabama.

The Bank had a 2,500 square feet loan production office on East Samford

Avenue in Auburn, Alabama.

When this loan

2 unchanged sentences

agreement during 2022.

The sublessee has an option exercisable by September 2025 to renew the sublease for

remaining term of the

Bank’s lease ending in 2028.

The sublessee has renewed this sublease through October 2026.

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 1B. Unresolved Staff Comments