Avidia Bancorp, Inc. (AVBC) SEC Filings & Earnings Calls

Deposit cost pressure persists as cost of deposits increased 3bp to 1.35%.

“cost of deposits increased 3 basis points to 1.35%”

Nonaccruing loans increased to $17.8M (0.79% of loans) from $16.9M (0.75%).

“Nonaccruing loans were $17.8 million, or 0.79% of total loans, at period-end, compared to $16.9 million, or 0.75% of total loans, at the prior quarter-end” · word for word

Credit risk from commercial loans

“Nonaccruing loans decreased by $3.3 million to $16.9 million during the first half of 2026 due primarily to the successful workout of $6.5 million in nonaccruing construction loans, partially offset by a $3.8 million increase in nonaccruing commercial & industrial loans.” · word for word

Interest rate sensitivity

“The table above indicates that at June 30, 2026, we would have experienced a 6.0% decrease in net interest income in the event of an instantaneous parallel 200 basis point increase in market interest rates” · word for word

Credit risk from loan loss provision

“no payouts were earned due to the earnings impact of the elevated loan loss provision expense recorded due to one large loan loss.” · word for word

Concentration risk in South Florida real estate

“the lack of a significantly diversified loan portfolio and our concentration in the South Florida market, including the risks of geographic, depositor, and industry concentrations, including our concentration in loans secured by real estate, in particular, commercial real estate”

Interest rate risk

“our ability to successfully manage interest rate risk, credit risk, liquidity risk, and other risks inherent to our industry”

Deposit concentration and uninsured deposits

“deposit attrition and the level of our uninsured deposits”

Tariff and trade policy risk

“the effects of potential new or increased tariffs, retaliatory tariffs, and trade restrictions”

Buyback may be modified, suspended, or discontinued without prior notice.

“Stock buyback plan may be modified, suspended, or discontinued without prior notice at any time.”

Increase in non-accruing loans, primarily commercial & industrial, may signal credit quality deterioration.

“Non-accruing loans were $16.9 million, or 0.75% of total loans, at period-end, compared to $13.6 million, or 0.60% of total loans, at the prior quarter-end, primarily due to an increase in non-accruing commercial & industrial loans.” · word for word

Loan portfolio decreased, indicating potential soft demand or tighter underwriting.

“Total loans decreased by $24 million, or 1%, to $2.26 billion, due primarily to a reduction in outstanding commercial loans.” · word for word

Interest rate sensitivity

“200bp rate increase would reduce NII by 5.6% and EVE by 6.2%.”

Concentration in commercial real estate

“Loan exposure related to non-medical office space at March 31, 2026 was $89 million or 4% of gross loans, including $71 million on non-owner-occupied properties.” · word for word

Loan growth seasonally slow; total loans decreased 0.6% QoQ.

“Total loans decreased by $13.9 million, or 0.6%, to $2.28 billion” · word for word

Non-medical office exposure of $71M (3.9% of gross loans) could be a risk in CRE downturn.

“Loan exposure related to non-medical office space at March 31, 2026 was $88.6 million or 3.9% of gross loans. When excluding owner-occupied, total non-medical office exposure was $71.0 million.” · word for word

Deteriorating Asset Quality

“Nonaccruing loans increased by $16.2 million to $20.2 million, or 0.88% of total loans, at December 31, 2025 from a comparatively low $4.0 million, or 0.18% of total loans, at December 31, 2024 due principally to increases related to construction loans, commercial real estate loans, and commercial and industrial loans.” · word for word

Large Loan Charge-off

“The ratio of net loan charge-offs to average loans increased to 0.96% in 2025 from a comparatively low 0.05% in 2024, due principally to a $19.2 million charge-off of one land loan which was described in the earlier discussion of Lending Activities.” · word for word

Net Loss

“Operating results were a net loss of $3.3 million, or ($0.18) per share for the twelve months ended December 31, 2025, decreasing $14.8 million from net income of $11.5 million for the twelve months ended December 31, 2024.” · word for word

Non-medical office loan exposure of $89.3M (3.9% of gross loans) may face CRE stress.

“Loan exposure related to non-medical office space at December 31, 2025 was $89.3 million or 3.9% of gross loans.” · word for word

Deposit cost increased 2 bps QoQ; funding mix shift from low-cost deposits post-IPO.

“The cost of deposits increased by 2 basis points to 1.35% from 1.33% in the prior quarter.” · word for word

Elevated credit losses from construction & land loan

“Construction & land gross charge-offs of $16,749 for the nine months ended September 30, 2025.”

High non-interest expense from one-time donation

“Non-interest expense included a $10.0 million, one-time donation, of 900 thousand shares of common stock at a total market value of $9.0 million and a $1.0 million cash contribution to the Avidia Bank Charitable Foundation.” · word for word

Net loss in Q3 2025

“Net loss for the three months ended September 30, 2025 was $907 thousand, compared to net income of $2.1 million for the three months ended September 30, 2024.” · word for word

Non-performing loans increased significantly, driven by commercial loans.

“Non-performing loans totaled $17.6 million as of September 30, 2025, an increase of $6.3 million from the prior quarter, primarily from an increase of non-accruing commercial loans.” · word for word

Deposit outflow post-IPO; reliance on brokered or wholesale funding may increase.

“Deposits decreased by $363.7 million from the second quarter to $2.08 billion, primarily due to the utilization of balances associated with subscription funds related to the conversion.” · word for word