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Avidia Bancorp, Inc.
AVBCCIK 0002058758NYSEEmerging GrowthSavings Institutions, Not Federally CharteredFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-3.29M
Total Assets
$2.84B
Equity
$378.99M
Shares Out
20.08M
Op. Cash Flow
$28.37M
Business
Avidia Bancorp, Inc. is a publicly listed company in Savings Institutions, Not Federally Chartered. Common stock trades on NYSE under the ticker AVBC.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Loans, including fees | 118 | 112 | |
| Securities | 10 | 10 | |
| Other | 3 | 2 | |
| Total interest and dividend income | 131 | 124 | |
| Deposits | 30 | 33 | |
| Federal Home Loan Bank advances | 13 | 16 | |
| Subordinated debt | 1 | 1 | |
| Total interest expense | 44 | 50 | |
| Net interest income | 87 | 73 | |
| Credit loss expense - loans | 22 | 2 | |
| Credit loss reversal - off-balance sheet credit exposures | −305,000 | −324,000 | |
| Net interest income, after credit loss expense (reversal) | 65 | 71 | |
| Customer service fees | 4 | 4 | |
| Net loss on sale of securities available for sale | −837,000 | −4 | |
| Net recognized gain on equity securities | — | 3 | |
| Payment processing income | 8 | 7 | |
| Income on bank-owned life insurance | 1 | 927,000 | |
| Mortgage banking income | 402,000 | 2 | |
| Investment commissions | 1 | 1 | |
| Other | 4 | 4 | |
| Total non-interest income | 17 | 17 | |
| Salaries and employee benefits | 40 | 35 | |
| Occupancy and equipment | 6 | 8 | |
| Data processing | 13 | 10 | |
| Professional fees | 3 | 2 | |
| Payment processing | 3 | 4 | |
| Deposit insurance | 2 | 2 | |
| Advertising | 1 | 1 | |
| Telecommunications | 360,000 | 383,000 | |
| Problem loan and foreclosed real estate, net | 731,000 | 349,000 | |
| Charitable contribution expense | 10 | — | |
| Other general and administrative | 8 | 9 | |
| Total non-interest expense | 88 | 73 | |
| (Loss) income before income tax (benefit) expense | −6 | 15 | |
| Income tax (benefit) expense | −2 | 4 | |
| Net (loss) income | −3 | 11 | |
| Basic (per share) | −0.18 | — | |
| Diluted (per share) | −0.18 | — | |
| Basic (shares) | 19 | — | |
| Diluted (shares) | 19 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | 16 | 16 | — | |
| Short-term investments | 130 | 47 | — | |
| Total cash and cash equivalents | 145 | 62 | — | |
| Securities available for sale, at fair value (amortized cost $285,252 in 2025 and $293,649 in 2024) | 269 | 266 | — | |
| Securities held to maturity, at amortized cost (fair value $12,601 in 2025 and $16,630 in 2024) | 13 | 17 | — | |
| Total securities | 282 | 283 | — | |
| Federal Home Loan Bank stock, at cost | 12 | 15 | — | |
| Loans held for sale | 400,000 | 850,000 | — | |
| Total loans | 2,298 | 2,198 | — | |
| Allowance for credit losses | −22 | −22 | — | |
| Net loans | 2,276 | 2,176 | — | |
| Premises and equipment, net | 29 | 28 | — | |
| Bank-owned life insurance | 37 | 36 | — | |
| Accrued interest receivable | 9 | 9 | — | |
| Net deferred tax asset | 13 | 13 | — | |
| Goodwill | 12 | 12 | — | |
| Mortgage servicing rights | 3 | 3 | 3 | |
| Other assets | 18 | 18 | — | |
| Total assets | 2,837 | 2,657 | — | |
| Deposits | 2,128 | 2,067 | — | |
| Federal Home Loan Bank advances | 260 | 325 | — | |
| Subordinated debt | 28 | 28 | — | |
| Accrued expenses and other liabilities | 42 | 43 | — | |
| Total liabilities | 2,458 | 2,463 | — | |
| Common stock, $0.01 par value, 120,000,000 shares authorized, 20,076,250 shares issued and outstanding in 2025; no shares issued and outstanding in 2024 | 201,000 | 0 | — | |
| Additional Paid in Capital | 195 | 0 | — | |
| Unallocated ESOP common stock | −15 | 0 | — | |
| Retained earnings | 212 | 215 | — | |
| Accumulated other comprehensive loss | −13 | −21 | — | |
| Total shareholders' equity | 379 | 194 | 181 | |
| Total liabilities and shareholders' equity | 2,837 | 2,657 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Depreciation and amortization of premises and equipment | 3 | 3 | |
| Credit loss reversal - off-balance sheet credit exposures | −305,000 | −324,000 | |
| Deferred income tax benefit | −3 | −543,000 | |
| Net loss on sale of securities available for sale | 837,000 | 4 | |
| Net recognized gains on equity securities | — | −3 | |
| Gain on sale of loans | −285,000 | −599,000 | |
| Net write down on premises and equipment no longer in use | 567,000 | — | |
| Gain on sale of other real estate owned | — | −43,000 | |
| Net amortization of securities | −398,000 | −7,000 | |
| Proceeds from sale of loans | 12 | 18 | |
| Loans originated for sale | −11 | −18 | |
| Amortization of right of use assets | 445,000 | 452,000 | |
| Amortization of subordinated debt issuance costs | 136,000 | 137,000 | |
| Increase in cash surrender value of bank-owned life insurance | −1 | −927,000 | |
| Increase in income tax receivable | −2 | — | |
| Net change in accrued interest receivable | 360,000 | −276,000 | |
| ESOP expense | 1 | — | |
| Issuance of common shares donated to the Avidia Bank Charitable Foundation | 9 | — | |
| Other, net | 902,000 | 8 | |
| Net cash provided by operating activities | 28 | 23 | |
| Maturities, principal payments, calls and sales | 62 | 92 | |
| Purchases | −54 | −110 | |
| Maturities, principal payments, and calls | 4 | — | |
| Purchases | — | −1 | |
| Sales | — | 18 | |
| Purchases | — | −3 | |
| Redemption of Federal Home Loan Bank stock | 8 | 12 | |
| Purchases of Federal Home Loan Bank stock | −5 | −10 | |
| Loan originations, net of principal payments | −122 | −67 | |
| Purchases of bank owned life insurance | — | −21,000 | |
| Proceeds from sale of premises and equipment | 33,000 | — | |
| Purchases of premises and equipment | −4 | −3 | |
| Proceeds from sale of other real estate owned | — | 282,000 | |
| Net cash used by investing activities | −112 | −71 | |
| Net change in deposits | 61 | 116 | |
| Net proceeds from stock offering and issuance of common shares | 186 | 0 | |
| Purchase of common shares by the ESOP | −16 | 0 | |
| Proceeds from issuance of long-term Federal Home Loan Bank advances | 0 | 65 | |
| Net change in short-term Federal Home Loan Bank advances | −65 | −36 | |
| Repayment of long-term Federal Home Loan Bank advances | 0 | −105 | |
| Net cash provided by financing activities | 166 | 40 | |
| Net change in cash and cash equivalents | 83 | −8 | |
| Interest paid on deposits and borrowed funds | 44 | 51 | |
| Income taxes paid, net of refunds | 3 | 4 | |
| Lease liabilities arising from obtaining right-of-use assets | 0 | 278,000 |
Filings
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