Avidia Bancorp, Inc.
Business
Avidia Bancorp, Inc. is a bank holding company that operates Avidia Bank, a Massachusetts-chartered stock savings bank. The bank takes deposits from local and national markets and invests them primarily in one-to-four-family residential mortgages, commercial real estate loans, and commercial and industrial loans. Avidia Bank also engages in payments processing activities nationwide through partnerships with independent sales organizations and third-party service providers, generating deposits and non-interest income from card acquiring, card issuing, and ACH services.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| 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
| 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
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Avidia Bancorp, Inc.'s CIK number?
Avidia Bancorp, Inc.'s SEC CIK number is 0002058758 (2058758). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Avidia Bancorp, Inc.'s SEC filings?
All of Avidia Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Avidia Bancorp, Inc. last report earnings?
Avidia Bancorp, Inc. (AVBC) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-180748). This is Avidia Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Avidia Bancorp, Inc.'s most recent earnings 8-K?
Avidia Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001193125-26-180748. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Avidia Bancorp, Inc.'s latest earnings 8-K →
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