ADDED
All statements other than statements of historical fact could be forward-looking statements.
These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic, business and market conditions and changes, foreign, domestic and locally, including inflation, seasonality, natural disasters such as hurricanes, and tornados and floods, epidemics or pandemics, supply chain disruptions and changes in consumer behaviors; the effects of war, other conflicts or attacks, acts of terrorism, trade restrictions, tariffs, sanctions, the value of the U.S.
Services The Bank operates its main office and 7 branches in Auburn, Opelika, Notasulga, and Valley, Alabama and a loan production office in Phenix City, Alabama.
The Bank operates ATM machines in 8 locations in its primary service area.
The Bank offers online banking, bill payment, online consumer account opening, and other electronic banking services through its Internet website, www.auburnbank.com .
Competition The Bank operates in a highly competitive market for loans, deposits and other financial services in East Alabama, including Lee County.
Based on FDIC deposit market share data as of June 30, 2025, the Bank held the largest share of deposits in Lee County.
The Bank competes with 20 national, regional and community banks with offices in Lee County, which operate offices in the local market and many have substantially greater financial, technological and marketing resources.
The Bank also competes with credit unions, mortgage lenders, insurance companies, investment firms and other financial service providers.
In addition, financial services are increasingly offered through digital and online platforms by institutions that may not maintain a physical presence in our market.
REMOVED
All statements other than statements of historical fact are statements that could be forward-looking statements.
These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic, business and market conditions and changes, foreign, domestic and locally, including inflation, seasonality, natural disasters or climate change, such as rising sea and water levels, hurricanes and tornados, epidemics or pandemics including supply chain disruptions, inventory volatility, and changes in consumer behaviors; the effects of war or other conflicts, acts of terrorism, trade restrictions, tariffs, sanctions, the value of the U.S.
General The Company s business is conducted primarily through the Bank and its subsidiaries.
The Bank operates ATM machines in 10 locations in its primary service area.
The Bank offers online banking, bill payment and other electronic banking services through its Internet website, www.auburnbank.com .
Competition The Bank had the largest share of the Lee County, Alabama s deposits (21.3%) at June 30, 2024.
The banking business in East Alabama, including Lee County, is highly competitive with respect to loans, deposits, and other financial services.
Lee County is served by 19 banks, 10 of which are headquartered outside of Alabama.
National and regional competitors that have offices in our market include J.P.
Morgan Chase, Wells Fargo, Truist, PNC, Regions, Valley National, SouthState and Cadence.