Avidbank Holdings Inc 2025年度报告

FORM10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OF 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2025 or Commission File Number001-42792 AVIDBANK HOLDINGS, INC. (Exact name of registrant as specified in its charter) 1732 North 1stStreetSan Jose, California 95112(Address of principal executive offices) (408) 200-7390(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark if the registrant is a well-known seasonal issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of RegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2of the Exchange Act. ☐Acceleratedfiler☒SmallerreportingcompanyEmerginggrowthcompany LargeacceleratedfilerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Act).Yes☐No☒ The aggregate market value of the registrant’s common stock held bynon-affiliateswas approximately $57.0 million on June 30,2025, based on the closing price per common share of $20.43 on that date. Number of shares outstanding of the registrant’s common stock as ofFebruary 27, 2026:10,981,767 Documents Incorporated by Reference: Portions of the registrant’s definitive proxy statement for its 2026Annual Meeting ofShareholders are incorporated by reference in Part III of this report. AVIDBANK HOLDINGS, INC.INDEX TOFORM10-KFOR THE YEAR ENDEDDECEMBER 31, 2025 Part I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures Part II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities55Item 6.[Reserved]55Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations56Item 7A.Quantitative and Qualitative Disclosures about Market Risk83Item 8.Financial Statements and Supplementary Data84Item 9.Changes in and Disagreements with Accountants on Accounting Financial Disclosures126Item 9A.Controls and Procedures126Item 9B.Other Information126 Part III Item 10.Directors, Executive Officers and Corporate Governance127Item 11.Executive Compensation127Item 12.Security Ownership of Certain Beneficial Owners and Management, and Related Stockholder Matters128Item 13.Certain Relationships and Related Transactions, and Director Independence128Item 14.Principal Accountant Fees and Services128 Part IV Item 15.Exhibits and Financial Statement SchedulesItem 16.Form10-KSummary 129130 s131 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this Annual Report on Form10-K are forward-looking statements within the meaning ofSection27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended.These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections andstatements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions uponwhich those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast,indicate or imply future results, performance or achievements