Avidia Bancorp Inc 2026年季度报告

FORM 10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026 OR ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______________ to _______________ Commission File No. 001-42775 Avidia Bancorp, Inc.(Exact Name of Registrant as Specified in Its Charter) (I.R.S. Employer Identification Number) 01749(Zip Code) (800) 508-2265 (Registrant’s Telephone Number, Including Area Code) N/A(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbol(s)Name of Each Exchange on Which RegisteredCommon stock, $0.01 par valueAVBCNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such requirements for the past 90 days. YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period thatthe Registrant was required to submit such files). YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b‑2 of the ExchangeAct: Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES☐NO☒ There were 20,076,250 shares of the registrant’s common stock, par value $0.01 per share, outstanding as of May13, 2026. Avidia Bancorp, Inc.Form 10-QIndex Part I. – Financial Information Item 1.Financial Statements1Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31,20251Consolidated Statements of Operations for the Three Months Ended March 31,2026 and 2025 (unaudited)2Consolidated Statements of Comprehensive Income (Loss) for the Three MonthsEnded March 31, 2026 and 2025 (unaudited)3Consolidated Statements of Changes in Shareholders' Equity for the ThreeMonths Ended March 31, 2026 and 2025 (unaudited)4Consolidated Statements of Cash Flows for the Three Months Ended March 31,2026 and 2025 (unaudited)5Notes to Consolidated Financial Statements (unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations39Item 3.Quantitative and Qualitative Disclosures about Market Risk52Item 4.Controls and Procedures52Part II. – Other InformationItem 1.Legal Proceedings53Item 1A.Risk Factors53Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases ofEquity Securities53Item 3.Defaults Upon Senior Securities53Item 4.Mine Safety Disclosures53Item 5.Other Information53Item 6.Exhibits54Signature Page55 Avidia Bancorp, Inc. Consolidated Statements of Operations (Unaudited) Avidia Bancorp, Inc. Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (1)Amounts are included in net loss on sale of securities available for sale on the consolidated statements ofoperations. There were no reclassification adjustments for the three months ended March 31, 2026. The incometax benefit associated with the reclassification adjustment for the three months ended March 31, 2025 was $152thousand. The accompanying notes are an integral part of these consolidated financial statements. Avidia Bancorp, Inc. Avidia Bancorp, Inc. Consolidated Statements of Cash Flows (Unaudited) Avidia Bancorp, Inc. Consolidated Statements of Cash Flows (Unaudited) (continued) Avidia Bancorp, Inc. Notes to Consolidated Financial Statements(Unaudited) NOTE 1. NATURE OF OPERATIONS AND CONVERSION Avidia Bancorp, Inc. (the “Company”) is the bank holding company for Avidia Bank that was createdupon the conversion of Assabet Valley Bancorp, the mutual holding company and sole stockholder ofAvidia Bank (the "Bank"), from the mutual form of organization to the stock form of organization. Theconversion was completed on July 31, 2025. Prior to July 31, 2025, the conversion had not yet beencompleted and the Company had no assets or liabilities and had not conducted any business activitiesother than organizationa