Avidbank Holdings Inc 2025年季度报告

AVIDBANK HOLDINGS, INC.FORM 10-QTABLE OF CONTENTS Item 1.Financial Statements (Unaudited)Consolidated Statements of Financial Condition (unaudited) at June 30, 2025 and December 31, 2024Consolidated Statements of Income (unaudited) for the three and six months ended June 30, 2025 and 2024Consolidated Statements of Comprehensive Income (unaudited) for the three and six months ended June 30, 2025 and 2024Consolidated Statements of Changes in Shareholders' Equity (unaudited) for the three and six months ended June 30, 2025 and 2024Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2025 and 2024Notes to Consolidated Financial Statements (unaudited)Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and Procedures Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Signatures AVIDBANK HOLDINGS, INC.CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Avidbank Holdings, Inc. (the “Company”) have been prepared in accordance with U.S. GAAP for interim financial information andwith the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included.All material intercompany balances and transactions have been eliminated. In the Statement of Cash Flows the Company has elected to present proceeds and redemptions from borrowings from theFederal Home Loan Bank and the Federal Reserve Bank on a net basis. Operating results for the three and six months ended June30, 2025, are not necessarily indicative of the results that may be expected for the year ending December31, 2025, or any other period. Thesestatements should be read in conjunction with the Consolidated Financial Statements and Notes thereto for the year ended December 31, 2024, as filed with the Securities and Exchange Commission(“SEC”) on the Company’s Form S-1 (File No. 333-288743). Use of Estimates The preparation of these consolidated financial statements requires management to make judgments in the application of certain accounting policies that involve significant estimates and assumptions.The Company has established policies and control procedures that are intended to ensure valuation methods are well-controlled and applied consistently from period to period. Issued Accounting Standards ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 requires public business entities to disclose in their rate reconciliation table additionalcategories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. ASU 2023-09also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on aquantitative threshold, among other things. ASU 2023-09 is effective for Public Business Entities for the annual period beginning January 1, 2025. The Company is considered an emerging growthcompany and plans to adopt this standard for the annual period beginning January 1, 2026. ASU 2023-09 is not expected to have a significant impact on the Company’s financial statements. ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” introduces requirements for reporting significant expenses by segment, presenting anddescribing other segment-related items, identifying the entity’s chief operating decision maker (including their role), and explaining how that individual uses reported profit or loss measures to evaluatesegment performance. Additionally, it requires certain segment disclosures, previously only needed on an annual basis, to be presented in interim periods. Under ASU 2023-07, these changes becomeeffective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company has adopted this guidance, and the related updateddisclosures can be found in Note 15 – Business Segment Information. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of IncomeStatement Expenses.” ASU 2024-03 requires public companies to disclose, in the notes to the financial statements, specific information about certain costs and expenses at each interim and annualreporting period. This includes disclosing amounts related to emplo