Parenty only financials

12 Months Ended

Dec. 31, 2011

Condensed financial information of parent company only disclosure [abstract]

Condensed Financial Information Of Parent Company Only Disclosure Text Block

NOTE 21: AUBURN NATIONAL BANCORPORATION (PARENT COMPANY)

The Parent Company's condensed balance sheet and related condensed statements of earnings and cash flows are as follows:

CONDENSED BALANCE SHEETS
				December 31
(Dollars in thousands)	2011		2010
Assets:
Cash and due from banks	$	1,369		804
Investment in bank subsidiary		71,842		59,534
Premises and equipment		170		3,388
Other assets		1,178		575
Total assets	$	74,559		64,301
Liabilities:
Accrued expenses and other liabilities	$	1,926		716
Long-term debt		7,217		7,217
Total liabilities		9,143		7,933
Stockholders' equity		65,416		56,368
Total liabilities and stockholders' equity	$	74,559		64,301

CONDENSED STATEMENTS OF EARNINGS
		Year ended December 31
(Dollars in thousands)		2011		2010		2009
Income:
Dividends from bank subsidiary		$	3,158		3,085	3,014
Noninterest income			385		417	445
	Total income		3,543		3,502	3,459
Expense:
Interest expense			236		236	236
Noninterest expense			485		577	587
	Total expense		721		813	823
Earnings before income tax benefit and equity
	in undistributed earnings of bank subsidiary		2,822		2,689	2,636
Income tax benefit			(31)		(65)	(97)
Earnings before equity in undistributed earnings
	of bank subsidiary		2,853		2,754	2,733
Equity in undistributed (distributed) earnings of bank subsidiary			2,685		2,592	(329)
	Net earnings	$	5,538		5,346	2,404

CONDENSED STATEMENTS OF CASH FLOWS
						Year ended December 31
(Dollars in thousands)					2011		2010	2009
Cash flows from operating activities:
	Net earnings				$	5,538	5,346	2,404
	Adjustments to reconcile net earnings to net cash
		provided by operating activities:
			Depreciation and amortization			80	106	105
			Net decrease in other assets			22	16	11
			Net (decrease) increase in other liabilities			(727)	32	(78)
			Equity in (undistributed) distributed earnings of bank subsidiary			(2,685)	(2,592)	329
				Net cash provided by operating activities		2,228	2,908	2,771
Cash flows from investing activities:
	Purchases of premises and equipment					—	(20)	(4)
	Proceeds from sale of premises and equipment to bank subsidiary					4,450	—	—
	Capital contribution to bank subsidiary					(3,200)	—	—
				Net cash provided by (used in) investing activities		1,250	(20)	(4)
Cash flows from financing activities:
	Stock repurchases					—	(9)	(90)
	Proceeds from sale of treasury stock					1	2	3
	Dividends paid					(2,914)	(2,842)	(2,770)
				Net cash used in financing activities		(2,913)	(2,849)	(2,857)
Net change in cash and cash equivalents						565	39	(90)
Cash and cash equivalents at beginning of period						804	765	855
Cash and cash equivalents at end of period					$	1,369	804	765