content_image/179062.jpg content_image/179060.jpg
the Bank’s total capital in relation to its assets, deposits, and other such items. Capital adequacy considerations could further limit the availability of dividends from the Bank. At December 31, 2011, the Bank could have declared additional dividends of approximately $4.9 million without prior approval of regulatory authorities. As a result of this limitation, approximately $66.9 million of the Company’s investment in the Bank was restricted from transfer in the form of dividends. 

## 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 

<img src='content_image/179062.jpg'>

## CONDENSED STATEMENTS OF EARNINGS 

<img src='content_image/179060.jpg'>

