# EDGAR Filing Document

**Accession Number:** 0001443575
**File Stem:** 0001829126-25-005727
**Filing Date:** 2025-8
**Character Count:** 64551
**Document Hash:** 2aa4c7c5c2038c110ffe683acae34e05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-25-005727.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001829126-25-005727

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 33

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avidbank Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001443575
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-288743
- **FILM NUMBER:** 251177934

**BUSINESS ADDRESS:**
- **STREET 1:** 1732 N. 1ST STREET, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95112
- **BUSINESS PHONE:** 408-200-7390

**MAIL ADDRESS:**
- **STREET 1:** 1732 N. 1ST STREET, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENINSULA BANK HOLDING CO
- **DATE OF NAME CHANGE:** 20080821
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avidbank Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001443575
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1732 N. 1ST STREET, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95112
- **BUSINESS PHONE:** 408-200-7390

**MAIL ADDRESS:**
- **STREET 1:** 1732 N. 1ST STREET, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENINSULA BANK HOLDING CO
- **DATE OF NAME CHANGE:** 20080821

**Free Writing Prospectus**

**Filed Pursuant to Rule 433**

**Registration Statement No. 333-288743**

**August 4, 2025**

![](img_001.jpg)

1 A UGU S T 2025 I n v e s t or P r ese n t a tion

![](img_002.jpg)

Confide n tiality Notice and Usa g e R e s trictions 2 Thi s presentatio n i s strictl y confidential and intende d solel y fo r th e us e o f th e intende d recipients. Unauthorized recording, photography , o r distributio n o f this presentatio n i s strictl y prohibited . By participatin g i n this presentation , you agree no t to record, copy, o r dissemina t e any p a rt o f the presentatio n i n any form without the express written consent o f Avidbank Holdings , Inc.

![](img_003.jpg)

Disclaimer 3 The in f or m ation contained in this presentation and any related oral presentation collectively, (this "P resentation ") concerning Avidbank H oldings, Inc. (" AVB H " or the " Co m pany ") and its consolidated subsidiary, Avidbank (the "B ank ") is the proprietary in f or m ation of AVB H . This P resentation shall not constitute an o ff er to s e ll or a solicitation of an o ff er to buy securities or an invitation or induce m ent to engage in invest m ent activity nor shall there be any sale of s e curities in any jurisdiction in which such o ff er, solicitation or sale would be unlaw f ul prior to registration or quali f ication of such securities under the securities law of any such jurisdiction. A registration state m ent relating to these securities has been f iled with the Securities and E xchange Co mm ission (the "SE C ") b u t has not yet beco m e e ff ective. These securities m ay not be sold nor m ay o ff ers to buy be accepted prior to the ti m e the registration state m ent beco m es e ff ective. Be f ore you invest in any securities of the Co m pany, you should read the prospectus in that registration statement and any other docu m ents the Co m pany has f iled with the S E C f or m ore co m plete in f or m ation about the Co m pany and the o ff ering. You m ay g e t these docu m ents f or f ree by visiting ED GAR on the S E C website at www.sec.gov. Alternativel y , the Co m pan y , any underwriter or any d e aler participating in the o ff ering will arrange to send y ou t h e prospectus if you request it by contacting: P iper Sandler Co., Attention: P r o spe c tus D epart m ent, 80 0 Ni co llet Ma ll, J12S03 , M inne a p o lis, M N 55402 , o r by telephone a t (800) 747 - 3924 , o r by e ma il a t pr o s pectus@psc.com or Stephens Inc., A ttention: P rospectus D epart m ent, 111 Center S treet, Little R o c k, A R 72 201 , by telephone at 80 0 - 643 - 9 69 1 or by e m ail at prospe c tus@stephens. c o m . All in f or m ation provided herein is f or discussion purposes only. Y o u should not de f initively rely upon it or use it to f orm the de f initive basis f or any decision, contract, co mm it m ent or action whatsoever, with respect to any proposed transaction or otherwise. Nothing herein is a proposal, plan, offer or c o mm it m ent on the part of any p e rson, and this docu m ent is not intended to create, and does not create, any rights or obligations of any person, nor shall it constitute the basis of any de f initive agree m ent. The recipient understands a n d acknowledges that AVBH has not m ade and is not m aking, and the recipient is not rel y ing on, any representation or warrant y , express or i m plied, as to the ti m eliness, accuracy or co m pleteness of this pre s entation. AVBH expressly disclai m s any and all liability based, in whole or part, on this presentation or any such docu m ents or in f or m ation, or any errors or o m issions there f ro m . In addition, no such party is un d er any obligation to update this present a tion or correct any inaccuracies or o m issions in it that m ay exist or beco m e apparent or to p r ovide the recipient with access to any additional in f or m ation. This P resentation contains f orward - looking state m ents within the m eaning of U.S. f ederal securities laws, which involve risks a nd uncertainties. You should not place undue reliance on f orward - looking state m ents because they are subject to nu m erous uncertainties and f actors relating to our operations and business, all of which are di ff icult to predict and m any of which are beyond our control. Forward - looking state m ents include in f or m ation concerning our possible or assu m ed f uture results of operations, including descriptions of our business strategy. These forward - looking state m ents are generally identi f ied by the use o f fo rward - l oo king ter m in o l ogy , in c luding the ter m s "a nti c ip a te , " " belie v e , " "co uld , " " esti ma te , " " expe c t , " " intend , " "may, " " plan , " " p o tenti a l , " " predi c t , " " pro j e c t , " " should , " " t a r g et ," " will," " w o uld" a nd, in ea c h ca se, their ne ga ti v e o r o ther va ri a t ions or co m parable ter m inology and expressions. The results, e v ents and circu m stances re f lected in the f orward - looking state m ents m ay not be achieved or occur, and actual results, e v ents, or circu m stances could di ff er m aterially f rom those described in the f orward - looking state m ents. W e caution that the f orward - looking in f or m ation and state m ents are based largely on our expectations and are subject to a nu m ber of known and unknown risks and uncertainties that are subject to change based on f actors which are, in m any instances, beyond our control. S uch f orward - looking state m ents are based on vario u s assu m ptions (so m e of which m ay be beyond our control) and are subject to risks and uncertainties, which change over ti m e, and other f actors which could cause actual results to di ff er m aterially fr om those currently anticipated. Such risks and uncertainties include, but are not li m ited to: uncertain m arket conditions and econo m ic trends nationally, regionally and parti c ularly in the Bay Area and Cali f ornia; econo m ic conditions a ff ecting the venture capital and p r ivate equity industries, including any decline in overall port f olio co m pany invest m ent, m erger and acquisition activity and other liquidity events a ff ecting venture and private equity f und and their port f olio co m panies; risks related to the concentration of our business in Cali f ornia, and speci f ically within the Bay Area, includ i ng risks associated with any downturn in the real estate sector; our inability to success f ully reposition our available - f o r - s ale securities port f olio utilizing the proceeds f rom this o ff ering; incurrence of any losses in connecti o n with any repositioning of our available - f o r - s ale securities port f olio utilizing the proceeds f rom this o ff ering; the occurrence of signi f icant natural disasters, including f ires and e a rthquakes, and acts of war or terroris m ; our ability to conduct our business could be disrupted by natur a l or m an - m ade disasters, including the e ff ects of pande m ic viruses; changes in m arket interest rates that a ff ect the pricing of our loans and deposits and our net interest inco m e; risks related to our strategic f ocus on lending to s m all to m ediu m - sized businesses; the su ff iciency of the assu m ptions and esti m ates we m ake in establi s hing reserves f or potential loan losses and the value of loan c o llateral and securities; our ability to att r act and retain executive o ff icers and key e m ployees and their custo m er and co mm unity relationships; a d verse changes in the f inancial per f or m ance and/or condition of our borrowers and, as a result, increased loan delinquency rates, deterioration in asset quality and losses in our loan port f olio; t h e costs of and e ff ects of legal and regulatory develop m ents, including legal proceedings and lawsuits we are or m ay beco m e subject to; the results of regulatory exa m inations or reviews and the e ff ect of and our ability to co m ply with, any regulations or regulatory o r ders or actions we are or m ay beco m e subject to; our level of nonper f or m ing assets and the costs associated with resolving problem loans; our ability to m aintain adequate liquidity and to raise necessary capital to f und our growth strategy and operations or to m eet increased m ini m um regulatory capital levels; the e ff ects of increased co m petition f rom a wide variety of l o cal, regional, national and o t her providers of f inancial services; technological changes and develop m ents; negative trends in our m arket capitalization and adverse changes in the price of our co mm on stock; risks associated with unaut h orized access, cyber - crime and other threats to data security; the e ff ects of any acquisitions or dispositions we m ay m ake or evaluate, and t h e costs associated with any potential or actual acquisition or disposition; our ability to co m ply with various govern m ental and regulatory require m ents applicable to f inancial institutions, including sup e rvisory actions by f ederal and state banking agencies; the i m p act of recent and f uture legislative and regulatory changes, including changes in banking, accounting, securities and tax laws and regulations and their application by our regulators, and econo m ic sti m ulus pr o gra m s; govern m ental m onetary and f iscal policies, including the policies of the Federal Reserve and policies related to tari ff s; our ability to imple m ent, m aintain and i m prove e ff ective internal controls; o u r use of the net proceeds f rom this o ff ering; and our success at m anaging any of the risks involved in the f oregoing ite m s.

![](img_004.jpg)

Disclaime r (Co n tinued) 4 The foregoing factors should not be considered exhaustive. New r i sks and uncertainties m ay e m erge f rom ti m e to ti m e, and it is not possible f or us to predict their occurrence or how they will a ff ect us. If one or more of the factors affecting our forw a rd - looking in f or m ation and state m ents proves incorrect, then our actual results, perfor m ance or achieve m ents could di ff er m aterially f rom those expressed in, or i m plied by, f orward - looking in f or m ation. There f ore, we caution you not to place undue reliance on our f orward - looking in f or m ation and state m ents. W e disclaim any duty to revise or update the f orward - looking state m ents, whether written or oral, to re f lect actual results or changes in the f actors a ff ecting the f orward - looking state m ents, except as speci f ically required by law. P ast per f or m ance is not a guarantee of f uture results or returns and no representation or warranty is m ade regarding f uture pe r for m ance. W ithin this P resentation, we re f erence certain industry and sector in f or m ation and statistics. W e have obtained this in f or m ation and statistics f rom various independent, third - party sources. Nothing in the data used or derived f rom third - party sources should be constru e d as advice. So m e data and other in f or m ation are also based on our good f aith esti m ates, which are derived f rom our review of internal surveys and independent sources. W e believe that these external sources and esti m ates are reliable, but have not independently verified the m . State m ents as to our m arket position are based on m arket data currently available to us. Although we are not aware of a n y m isstate m ents regarding the de m ographic, econo m ic, e m ploy m ent, industry and trade association data presented herein, these esti m ates involve inherent risks and uncertainties and are b a sed on assu m ptions that are subject to change. This presentation also includes f inancial in f or m ation that is p r esented as of June 30, 20 25 , which in f or m ation is preli m inary a n d subject to change. Our independent registered public accounting f ir m , Crowe LL P , has not audited, reviewed, co m piled or applied agreed - upon procedures with respect to the preli m inary f inancial in f or m ati o n, and as such, does not express an opinion, or any assurance, with respect to this preli m inary f inancial in f or m ation. Our actual results re m ain subject to additional procedures and the Co m pany ' s considera t ion of subsequent events, particularly as they relate to m aterial esti m ates and assu m ptions used in preparing m anage m ent ' s esti m ates. These addit i onal procedures could result in m aterial changes to the prel i m inary f inancial in f or m ation set f orth in this P resentation. These preli m inary estimates are not a comprehensive statement of our financial results as of and for t h e three and six months ended June 30, 202 5 , and should not be viewed as a substitute f or f ull f inancial state m ents prepared in accordance with GAAP. In add i tion, these preli m inary esti m ates are not necessarily indicative of the results to be achieved in any f uture period. Accordingly, you should not place undue reliance on these preli m inary f inancial results. This presentation includes f inancial in f or m ation prepared in acc o rdance with accounting principles generally accepted in the U n ited States ("GAAP"). This presentat i on also includes non - GAAP f inancial in f or m ation, which should be considered supple m ental to, not a s ubstitute f or, or superior to, the f inancial m easure calculated in accordance with GAA P . There are a nu m ber of li m itations related to the use of these non - GAAP f inancial m easures and their nearest GAAP equ i valents. For exa m ple, the Co m pany ' s de f initions of non - GAAP f i n ancial m easures m ay di ff er f rom non - GAAP f inancial m easures used by other co m panies. For a description of the non - GAAP f inancial i n f or m ation included herein and reconciliations to the m ost direc t ly co m parable GAAP m easure, see the appendix to this presentation.

![](img_005.jpg)

Of f e rin g Summary Issuer E x chan g e / Tic k er Base Sha r e s Of f e r e d Filin g Ran g e Base Of f erin g Si z e Use of P r oceeds Lock - Up Joi n t Bookrunne r s Expec t e d Pricin g D a t e Unde r w ri t e r s' Option Nasdaq Global Selec t / A V BH 2,610,000 sha r es 15% o f g r os s o f f ering $22.00 - $24.00 pe r sha r e $6 0 million Gene r al c orpo r at e purposes , includin g i n v e s tin g a portio n o f th e ne t p r oceed s i nt o the Ban k t o suppor t th e Bank ' s r e gul at o ry c a pi t al r a tio s i n c o nnectio n with th e po t e n tial r epositionin g o f a su b s t a n tia l portio n o f it s av ailable - f or - sale securities port f o lio A vidb a n k Holdin g s , Inc. 180 D a y s f or di r ec t o r s , o f fice r s an d cer t ai n selec t sha r eholde r s Thu r sd a y , Augu s t 7 Lead Mana g e r / Co - Mana g er 5

![](img_006.jpg)

Experienced Mana g eme n t T e am Biog r ap h y & P r e viou s Experience Mar k D . Mordell Chairman, President & Chie f Executiv e Officer ▪ Joined the boar d o f director s of the Bank i n January o f 2006, appointed Chairma n i n February o f 2007, name d CE O o f Avidbank Holding s an d th e Bank i n March 2012 ▪ Brings over 30 years of financial services, real estate and diverse busines s experience t o the Company ▪ Holds various roles including Advisory Board Member to MM M Management , Inc . and Advisory Board Member o f the Donova n & Bank Foundation Financial Se r vice s Experience All h a v e o v er 3 0 y e a r s o f e x peri e nc e in th e Financia l Se r vice s indu s t r y Patric k Oakes Executiv e VP Chie f Financia l Officer ▪ Joined as EV P and CFO of Avidbank Holding s and the Bank i n March 2022 ▪ Came to the Company from Atlantic Capita l Bancshares, Inc. (Nasdaq: ACBI, which subsequentl y merged into SouthS t a t e Bank, N.A.) where he served as EVP , CFO and Secretar y from 2015 to 2022 ▪ Previous roles includ e EVP and CFO o f Squar e 1 Bank, EV P and CFO o f Encore Bancshares, Inc, and Senio r Vic e President and Treasure r o f Sterlin g Bank Gin a Thom a Peterson Executiv e VP Chie f Operatin g Officer ▪ Joined Avidbank Holding s and the Bank as EV P and CO O in Septembe r 2019 ▪ Previously spent 8 years at MUFG Union Bank i n senior roles focused o n global financial services and operationa l risk management ▪ Spen t 12 years at PwC with expertise i n regulatory compliance, enterprise risk, financia l reporting and operationa l resilience. Led advisory and audit services for the larges t PwC portfoli o of financia l instit u tion s i n the Western U.S. Lis a Foussianes Deput y Chie f Credit Officer 6 ▪ Joined the Bank i n Octobe r of 2023 as SV P i n Credit, named Deput y Chie f Credi t Officer in June 2025 ▪ Previously she worked in venture lending , primaril y as MD at Signatur e Bank and SV P at Squar e 1 Bank, spanning originations , portfolio management an d credit ▪ Prior to he r career i n venture lending , she spent well ove r a decad e i n commercial real estate finance , including originations , workouts, CMBS an d credit

![](img_007.jpg)

Di v e r s ified Comme r cial Bank P ositione d f o r G r owth ▪ F o unde d in 200 3 wit h r oots in dynamic B a y A r e a and a n a tional e x pansion s t r a t egy ▪ E fficie n t f ootpri n t wit h on e full - se r v ic e b r anc h a n d tw o loa n p r oductio n o f fices ▪ High - g r o w th mode l suppor t e d b y fi v e speciali z e d v erticals ▪ Discipline d unde r w ritin g app r oach with a p r o v en t r ac k r e c o r d o f solid ass e t quality th r o ugh v a riou s economi c c y cles ▪ W el l e st a bli s h e d B a y A r ea comme r cial bank wit h e x t e n s iv e e x per t i s e an d connectivi t y in a n a f flue n t mar k et ▪ P o s i t io n e d t o c ap i t a li z e o n B a y A r ea mar k et dislocati o n , includin g clie n t acquisi ti o n an d t a le n t opportun it ies ▪ F ocused o n g r o w in g r el a tionship - d ri v en , lower - co s t fundin g ac r o s s busin es s lines , an d e x panded p r oduct of f erings ▪ ~23 % insider owne r shi p , wit h 100 % participati o n f r o m mana g e me n t an d t h e Boa r d o f Di r e c t o r s f or p r evious c a pi t a l r a ises With Su s t ained and Measu r ed G r o w th Whil e Mai nt aining St r o ng P r ofi t ability and C r edi t 1 $2.3B $1.8B T o t al Assets C A GR: 17% 1) Finan c i a l dat a as of th e thre e months ended Mar ch 31, 2025 Note: C A GRs show n fro m 201 7 – 2024 7 T o t al Deposi t s $1.9B C A GR: 17% T o t al L oa n s C A GR: 16% FTE E m pl oyees 143 0.96% R e turn on A v e r a g e Ass e ts 11.5% R e turn on A v e r a g e E quity 3.52% N e t I nt e r e s t Ma r g in 63% E fficienc y R a tio 0.06% N P As / Ass e ts 0.07% A v e r a g e N C Os / Loans (Since 3/31/2017)

![](img_008.jpg)

Experience d Leade r shi p T e am wit h a Deep , G r owing Bench Di v e r s ifie d Busines s Line s T a ilo r e d t o Mee t Cu s t ome r Needs Discipli ned C r edi t Cultu r e and Minima l Hi s t ory of Losses Di v e r si f yin g Deposit s Th r oug h T a r g e t e d T r easu r y Solutions Hi st ory of Gene r a ting Double - Digi t Loan and Deposi t G r owth Abilit y t o Enhanc e P r ofi t abilit y Th r oug h St r a t egi c Securitie s R e positioning Discipline d Co s t Mana g eme n t P ai r e d wit h T a r g e t e d T echnology I n v e s tme n ts t o Suppor t Scalability W h y A vidbank: Multi - Busines s Lin e G r owth wit h N a tional R e ach 8

![](img_009.jpg)

Compa n y Hi st o r y and Mile st ones 2003 The Private Bank of the Peninsula was incorporated i n Palo Alto, CA with init i a l capital of $1 8 million 2003 2008 Complete d a $9 m i llio n pri v ate offerin g of common shares 2008 2012 Mark Mordell was name d Chief Executiv e Officer 2012 2017 Complete d a $20 m i llio n pri v ate offerin g of common shares 2017 2019 Issue d $22 mill i o n of subordinated notes 2019 2007 Peninsula Bank Holding Co. was organize d to be the holding company fo r the bank 2007 2011 The bank changed it s name t o Avidbank and the holding compan y to Avidbank Holdings, Inc. 2011 2019 Established the Venture Lending line of busine s s 2019 2022 Complete d $28 m i llio n pri v ate offerin g of common shares 2022 2017 The bank moved it s headquarters fro m Palo Alto to Sa n Jose 2017 2013 Complete d a $16 m i llio n pri v ate offerin g of common shares 2013 2023 2023 Bolst e r e d Tr e asu r y Management team 9

![](img_010.jpg)

Fi v e K e y Business V erti c als wit h a Dif f e r e n ti a t e d P r oduct S e t Lo c a l B a y A r ea F ocus G r o w in g N a tional P r esence ▪ Comp r ehensi v e sui t e o f banking and financing solution s f o r t e chnology sec t or e n t r ep r eneu r s and their i n v e s t o r s ▪ V e n t u r e - bac k ed c o mp a ni e s g ene r at e higher v o lum e s o f deposit s r el a ti v e t o b o r r o wing needs ▪ High - t ouch, r el a tionship - based app r oach V e n t u r e Lending Specialt y Finance ▪ P r ovide s c r e a ti v e financing solution s t o eme r gin g g r owth and e s t ablished c o mpanies ac r oss the U .S. ▪ Lendin g f o cus include s asset - base d lendin g , AR financin g , and M&A sponsor finance ▪ High - t ouch, r el a tionship - based app r oach Corpo r a t e Banking Comme r cial R eal E state Con s truction Lending ▪ T r aditional c o r e c o mme r c ial banking ▪ P r o v ide s high t ouc h se r v ic e th a t enables ou r lo c a l clie n ts t o me e t their financing need s and mana g e their c a sh ▪ F o cus o n c o mme r c ial cu s t ome r s th r oughou t the B a y A r ea ▪ P r ovide s a r an g e o f financing option s a t c o mp e t iti v e r at e s and t e rms f o r seasoned, s t abili z ed ass e t , or po t e n t ia l " v alue - add" opportunities ▪ F o cus o n c o mme r c ial, multi - f a mily and mi x ed - use i n v e s tme n t p r operties th r oughou t the B a y A r ea ▪ P r o v ide s land acquisition loans, p r e - d e v elopme n t loan s and c o n s truction loans o n r e side n t ial, c o mme r c ia l and mi x ed - use p r operties ▪ Primary f o cus is r eside n t ial p r opertie s in desi r abl e B a y A r ea neighborhoods 10

![](img_011.jpg)

B a y A r e a Co r e, Expanding N a tional R each AVBH Headquarters Primary Lending Area Banking Relationsh i ps B a y A r ea - base d 1 wit h a lea n p h y s ica l f ootpri n t whil e se r ving clie n ts n a tio n wide A v idbank se r v e s clie n t s in 3 7 s t a t e s wit h t eam membe r s loc at e d in k e y inno v a tion hubs n a tio n w i de 22% o f loa n balan c e s ar e outsid e o f Cali f ornia , drive n b y t a rge t ed g r o w th i n V e n t ure and Specialty Finan c e Sant a Cruz Sant a Clara Marin LPO Sa n Francisco LPO Sa n Mateo Alameda Contr a Costa Solano Sonoma Napa Monterey San F r ancis c o B a y A r ea Branch and HQ 1) Bay Area define d as the counties of Alameda, Contra Co st a, Marin, Monterey, Napa, Sa n Francis c o, Sa n Mateo, Sant a Clara, Sant a Cruz, Solano, and Sonoma 11

![](img_012.jpg)

$648 $807 $889 $993 $1,223 $1,554 $1,741 $1,865 $1,841 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 Loan / Deposit R a tio (%) $783 $917 $1,132 $1,431 $2,162 $2,133 $2,231 $2,304 $2,320 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 P r o v e n O r g anic G r owth Capabilities 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 To t al D e p o s i ts ($ M) $646 $797 $973 $1,254 $1,979 $1,823 $1,654 $1,891 $1,929 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 100% 101% 91% 79% 62% 85% 105% 99% 95% T o t al Ass e ts ($M) T o t al Loans ($M) 12

![](img_013.jpg)

Loa n P ort f o lio by T yp e 1 Total Loan s at Marc h 31, 2025: $1.8B Q1 2025 Loan Yield: 6.96% Di v e r s ified Lending Pl a t f o r m wit h St r o ng Risk - Adju st ed R e turns Loan P ort f o lio I n t e r e s t R a t e Composition Average Non - Ow n er Occupie d Office Loan Size: $2.8M N o n - O w n e r O c c u p i e d C R E a t Ma r c h 3 1 , 2 02 5 $ s in 0 0 0 s ; % o f t o t a l l o a n s Fixed , 26% T o t a l L oa ns a t Ma r c h 31 , 2025: $1.8B Adjustable, 24% Floating , 50% C&I Construction Residential Rea l Estate Commerc ial Rea l Estate Consumer ▪ Fi v e speciali z e d v ertical s drivin g balanced , discipline d g r o w th ▪ 16% loan C A G R since 201 7 , d emon s t r a ting c onsi st e n t e x ecution ac r o ss c y cles ▪ Comme r cial lending f o cu s – C & I plu s o wner - occupie d CRE ac c o u n t f o r 52% o f t o t al loans ▪ Di v e r sified CR E book spans o f fice , ho t e l , r e t a il , indu s trial and mo r e – n o single - sec t o r risk ▪ T a r ge t e d con s tructio n lendin g f o cused o n r eside n t ia l build s in a f flue n t B a y A r ea mar k ets with e x perience d lo c al de v e lope r s Ventur e & Fund Finance , 16% Sponsor Finance , 12% Asset - Based Lending , 6% Invoice Financing , 2% Other C&I, 8% Non - Owner Occupied, 22% Multifamily, 12% Constructio n & Land, 12% CR E Owne r Occupied , 8% Residential Real Estate , 2% 1) Loa n portfoli o b y type does not reflect the divi s i onal breakdown s ; divi s i ons may include loans acro s s multiple product ty pes 13 8 % $1 4 6 , 7 6 2 O ff i ce 4 % $7 9 , 5 2 4 H o t e l / M o t e l 4 % $6 9 , 6 1 7 R e t a i l 3 % $5 8 , 4 2 4 I n d u s t r i a l 1 % $1 5 , 5 5 2 W a r e hou s e 2% $3 5 , 9 09 O t h e r 2 2 % $4 0 5 , 7 8 8 T o t a l

![](img_014.jpg)

14 Note: Finan c i a l dat a as of Mar ch 31, 2025 Co r e B a y A r e a Banking Divisions B a y A r e a Lending: Ancho r e d in Th r e e Long - S t anding Divi s ions Corpora t e Banking Division Provides traditional c ommercial and own e r - o c cupi ed l e nding 22% o f total loans Commercial R eal E s t a t e Division Provides financin g f or multi f amil y and non - o wner - o c cupied real e st a t e 28% o f total loans Con s tructi o n & Land Divis i on Financin g hig h quali t y reside n t ial proper t y c on s truction 15% o f total loans LPO Branch and HQ LPO San Jose – Sunnyvale – Santa Clar a MSA $156.7 Median HHI ($000s) $78.8 Median HHI ($000s) Nationwide 8.8% Proj. HHI Growth ('2 5 – '30) 9.8% Proj. HHI Growth ('2 5 – '30) vs. Nationwide vs. Lean B r anch F ootpri n t in the A t t r acti v e B a y A r ea B a y A r e a Lendin g Divi s io n s Source: S&P Capital IQ Pro Corpo r a t e Banking Division ▪ F o cused o n small t o mid - si z e d c omme r cia l clie n ts ac r o ss di v e r se indu s tries ▪ Clie n ts typi c a ll y demon s t r at e s t r on g financia l p r ofiles , including p r ofi t a b ili t y , l o w le v e r a g e, and hig h liquidi t y Comme r c ial R e al E st a t e Division ▪ P r ov ide s t erm financing f or c omme r cial , multi - f amil y , and mi x e d - us e p r operties ▪ All c omme r cia l r e al e s tat e loan s a r e c o ll at e r ali z ed b y i nv e s tme n t p r opertie s i n Cali f ornia Con s truction Lending Division ▪ Primarily se r v es e x perience d lo c al de v e lope r s ▪ Finance s all st a g es o f r e side n tial p r ojects , f r o m lan d acquisition th r oug h c on s truction

![](img_015.jpg)

V e n t u r e Business Banking O v e r view Loans and Deposits B r ea k o ut Drivin g Co r e Deposi t G r o w th Th r o ugh Deep , R el a tio n ship - Base d Lendin g in the Inno v a tion E cono m y ▪ Launche d in 2019 , A v idbank ' s v e n tu r e pl a t f orm se r v es V C - b a c k e d t e ch c o mpanies an d thei r i nv e st o r s n a tionwide ▪ Pl a t f orm i s highly self - funde d , with clie n t deposits meaningfully e x ceedin g loan balances ▪ Deposi t di v e r s ific a t ion i s inc r easing as A v idban k e x pand s i nt o the fund finance business ▪ $68 5 millio n t o t al deposits a s o f Ma r c h 31 , 2025 ; 75 % tie d t o lendin g r el a tionshi p s ▪ Bor r o w e r s a r e r e qui r e d t o ban k wit h A v idban k which p r ov ide s full visibility i nt o c as h fl o w s and tig ht er c r edit c o n t r o l ▪ Clie n ts a r e bac k ed b y in s t itutional capi t a l , with e x perienced sponso r s p r ov idin g suppor t an d s t ability ▪ N a tional r e ach with a s t r ong clie n t base in the B a y A r e a and other k e y inn o v a tio n hubs ▪ P ositione d t o c a pi t a li z e o n mar k et disruptio n f r o m 202 3 th r ough opportuni s t i c t ale n t and clie n t acquisition ▪ Balanced mix o f earl y , e x pansio n and l at e - st a g e c o mpanies ▪ A v idban k r ecei v es equit y w ar r a n ts i n c onnectio n with e x t ending loa n c o mmitme n ts t o cer t ain of i t s cu st ome r s . As o f Ma r c h 31, 2025 , A v idban k ha s a t o t al o f 12 5 w ar r a n t position s i n 8 1 clie n t s 1 V e n t ur e Lending Division V e n t u r e Lending Provides financin g t o V C - bac k e d t e chno l ogy c o mpanie s an d the i r i n v es t o r s nationwide Fund Finance Provides c api t al c a ll lines of credit t o priva t e equity and ve n t ure c api t al firm s nationally 16% of t o t al loans D e p o s i t s/ L o a n s 2 . 3 x $2 9 2 $685 V e n t u r e L e n d i n g & F un d F i n a n c e L o a n s D e p o s i t s 1) Warrant po s itions are held at the holding company 15

![](img_016.jpg)

Dif f e r e n ti a t e d Self - Funding Specialty Financ e Pl a t f o rm Th r e e T e ams P r ovide Uniqu e C r edi t Solutions Whil e Gene r a ting Qualit y Deposits T arg e t Clie n t s ▪ Pri v at e equity - b ac k e d c o mpanies ▪ E n t r ep r eneu r s usin g th e sea r ch fund model ▪ In s t itutiona l sponso r s an d f amily o f fices ▪ I nv e nt o r y - he a vy o r asset - i nt ensi v e businesses ▪ Companie s seeking fl e x ibl e w o rking c a p i t al ▪ Seasona l o r g r o w th st a g e businesses ▪ Rapid g r o w th firms ▪ Businesses with seasona l r e v enue s wi n g s ▪ Companie s with limi t ed access t o t r aditional ban k c r edit Indu s t rie s Se r v ed ▪ Soft w a r e ▪ Health c a r e ▪ Indu s trial se r v ices ▪ S t a f fing ▪ Manu f actu r e r s ▪ Beh a vio r al health ▪ Media ▪ R e t ail ▪ E du c a t ion ▪ Manu f actu r e r s ▪ Wholesale r s ▪ Di s tribu t o r s ▪ Consumer ▪ P a c k a g ed goods c omp a n i e s ▪ Business se r v ice p r ov ide r s ▪ T echnology ▪ Li f e sciences ▪ P r o f essional se r v ices ▪ Consumer pac k a g ed goods c omp a n i e s Sponso r Finan c e Lending Provides fundin g f or lower - middle mar k et a c quisitions 12% o f total loans Ass e t - Based Lending Secured by re c eivable s and i n ve n t o r y 6% o f total loans I n vo i c e Finan c e Note: Finan c i a l dat a as of Mar ch 31, 2025 16 Provides liquidit y via a cc ou n ts re c eivabl e c olla t e ral 2% o f total loans

![](img_017.jpg)

Discipline d C r edi t Cultu r e and Minima l Hi st o r y of Losses O v e r vie w N P A s / Ass e ts (%) 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 A C L / Loans (%) and N C Os / A v e r a g e Loans (%) A CL / Loan s NCOs / Avg Loans ▪ P r o v en ability t o mana g e c r edi t th r o ug h c y cle s with minimal loss hi s t ory - e v e n f oll o wing tumultuous period s f o r the sec t or ▪ Low n e t - cha r g e - of f s , a v e r agin g ju s t 7 bp s annuall y since 2017, includin g only 1 bp in both 202 2 and 2023 ▪ Structu r e d c r edi t p r ocess combines ef ficie n t e x ecution with s t r on g c o n t r ols , including: – Multi - l ev e l c r edit app r o v al f r am ew ork – R e gular divisiona l port f oli o r e vi ew s – Specia l Ass e t Commi t t ee me e t ing s twice a mo n th t o r e vi e w a n y w a t c h , critici z ed, and classified loans ▪ Independe n t thi r d - part y r e vie w s c o nduc t e d annually o n o v er 90% o f loa n balances ▪ Nonper f ormin g ass e ts r ep r ese n t ju s t 6 bp s o f t o t a l asset s as of Ma r ch 31, 2025 ▪ A CL co v e r a g e t o N P As s t ands a t 1,397%; unde r s coring conse r v a ti v e r ese r v e po s tu r e 0.66% 0.18% 0.34% 0.25% 0.15% 0.67% 0.06% 0.06% 0.06% 1.34% 1.25% 1.31% 1.30% 1.10% 1.09% 1.22% 1.12% 1.14% (0.01%) 0.02% (0.01%) 0.04% 0.29% 0.01% 0.01% 0.24% (0.01%) 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 17

![](img_018.jpg)

$292 $396 $367 $1 $507 $272 $4 $685 $609 $364 $91 $41 $22 $116 Ve n ture Len d i n g Corporat e Banking Specialt y F i nance Treasur y M a nage ment Commercia l Rea l Estate R e al Est a te/ C onstruction Brokered/Other St r a t egi c Deposi t Engines Fundin g Loan G r o w th Loan s D e posits 18 Deposit s b y Design Dollar s i n m il l ions ▪ Multi - p r on g e d deposi t s t r a t eg y lin k s lendin g v erti c als with s t andalone initi a ti v es ▪ V e n tu r e Lendin g dri v e s fundin g with deposi t g ene r a tion w e l l in e x cess o f loa n balances ▪ Corpo r a t e Banking and Specialty Financ e a r e self - fundin g , supporting loa n g r o w th and b r oade r balanc e sheet s t r e n g th ▪ T r easur y Mana ge me n t t e am bol s t e r e d in 2023 - Launche d a Specialt y Deposit s group within Treasur y Management in the secon d quarte r o f 2024 that ha s raised $91 million ▪ CR E and Con s truction a r e ass e t - f o cuse d with limi t ed deposit g e ne r a tion

![](img_019.jpg)

Fundin g Engine th a t P o w e r s G r owth Fundin g Composition $688 $808 $995 $1,275 68.9% $2,001 $1,975 $2,036 $2,098 $2,106 2017 Y 2018 Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Q1 Non - I B De p osits Su b o rdinated Debt IB Depo s i ts Othe r Borrowings Tim e Depo s i ts 19.9% D a t a a s o f M a r c h 3 1 , 2 0 25 A m o u n t U s e d 1.0% 2.8% ▪ Fundin g mi x i s e v olvin g , with bor r o wing s d o wn f r o m $360M t o $155M since 2023 ▪ Expande d use of r ecip r ocal deposit n e t w or k s i n r e spons e t o the e v e n ts o f 2023 r e duce d uninsu r ed deposit s f r o m 85 % a t December 31 , 2022 , t o 34 % a t December 31 , 2023 ▪ R ene w e d f o cu s on g r owing and di v e r s i f ying co r e deposits in 2023 include d e x pandin g deposi t insu r a nc e and bol st ering our t r easu r y mana g eme n t t eam, which r esul t ed i n a 14% inc r ease in t o t al deposit s i n 2024 ▪ Subo r din a t e d deb t callabl e a s o f 4 Q '24 , c r e a ting futu r e fl e x ibility Bor r owing Capacity Dollar s i n million s / % o f tota l funding 7.4% Borrowin g s hav e decli n ed since 2023 to only 7.4% of fundi n g 19 A v a i la b l e (%) ($) C a p a c i ty D o ll a r s i n m i l lio n s $1 05 40% $7 0 $175 F e d e r a l F un d s L i n e o f C r e d i t $3 74 19% $8 5 $459 F H L B $2 81 – – $281 U n p l e d g ed S e c u r i t i es $8 43 – – $843 F R B D i s c o u n t W i n do w $1,603 8 . 8% $155 $1,7 5 8 A v ai l a b l e C o n t i n g e n t C a p a c i t y

![](img_020.jpg)

($6.6) ($83.3) ($68.8) ($72.6) ($65.6) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 N e t Un r e ali z ed Loss on A F S Securities ($M) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 Securities P o rt f o lio O v e r view ▪ Securitie s port f oli o yields 2.40%, significa n tly below cur r e n t mar k e t r a t e s ▪ P o rt f oli o i s 13% of t o t a l a s s et s , d o wn f r o m 21% a t Y E 2022 ▪ Du r a tion o f 6.2 y ea r s and a v e r a g e li f e o f 7. 6 y ea r s ▪ Embedde d un r eali z e d losse s of $46M r e c o r d ed i n A OCI ($66M b e f o r e t a x) ▪ 100% of securities port f oli o i s classified as A F S ▪ P o rt f oli o i s acti v e ly moni t o r e d f o r r e positionin g opportunities – R e positionin g w oul d enhance p r ofi t ability with n o impact t o t a ngibl e c api t al – P r oceed s f r o m sale o f securities with a F V o f u p t o $280 million and an un r eali z ed p r e - t a x los s o f u p t o $64 million c oul d b e r ei n v e st ed i n securities a t cur r e n t mar k et yields P ort f o lio Composition Other Securities , 3% T otal S e curities at March 31, 2025: $297M I n v e s t me n t P ort f o lio / T o t al Ass e ts (%) & P ort f o lio Y ield (%) Investment Portfolio / Tota l Assets (%) Portfolio Y ield (%) 20.84% AOCI Balance: ($4 6 . 4 M)¹ 17.58% 14.58% 12.87% 12.79% 1.62% 2.13% 2.28% 2.31% 2.40% Agency MBS and CMOs, 97% 1) Accumulated other comprehen siv e incom e (AOCI) equal to the unrealized lo ss es on s ecurities a vailable for s ale net of tax 20

![](img_021.jpg)

$1.08 $1.90 $2.17 $1.61 $2.02 $3.60 $2.24 $2.76 $0.71 $0.04 $0.70 $1.08 $1.90 $2.17 $1.61 $2.02 $0.71 Solid P r ofi t ability wit h Compellin g EP S G r owth 2 0 1 7 Y 2 0 1 8 Y 2 0 1 9 Y 2 0 2 0 Y 2 0 2 1 Y 2 0 2 2 Y Adju st e d R e turn on A v e r a g e E quity (%) 1 2 0 2 3 Y 2 0 2 4 Y 2 0 2 5 Q1 0.28% 0.42% 0.60% 0.41% 0.17% 0.40% 3.01% 2.76% 2 0 1 7 Y 2 0 1 8 Y 2 0 1 9 Y 2 0 2 0 Y 2 0 2 1 Y 2 0 2 2 Y 2 0 2 3 Y 2 0 2 4 Y 2 0 2 5 Q1 2 0 1 7 Y 2 0 1 8 Y 2 0 1 9 Y 2 0 2 0 Y 2 0 2 1 Y 2 0 2 2 Y 2 0 2 3 Y 2 0 2 4 Y 2 0 2 5 Q1 N e t I n t e r e st Ma r gi n (%) NI M Yiel d o n Loan s Cost of Deposi ts 4.32% 4.58% 4.55% 3.53% 3.12% 3.78% 3.53% 3.44% 3.52% 5.37% 5.64% 5.74% 5.04% 4.82% 5.43% 6.93% 6.96% 7.28% 2.15% 0.77% 1.28% 1.24% 0.72% 0.72% 1.21% 0.77% 0.93% 0.96% 0.24% 0.77% 0.72% 0.72% GA A P to No n - GAAP A d justment ($) ROAA (%) GA A P to No n - GAAP A d justment (%) $3.64 $2.94 $2.76 E PS ($) Adju st e d E a rning s P e r Sha r e ($) 1 Adju st e d R e turn on A v e r a g e Ass e ts (%) 1 0.01% 1.28% 1.24% 1.22% 1.01% 0.93% 0.96% 7.4% 11.7% 11.8% 7.9% 9.2% 18.4% 11.2% 12.0% 11.5% 0.2% 3.5% 7.4% 11.7% 11.8% 7.9% 9.2% 2 0 1 7 Y 2 0 1 8 Y 2 0 1 9 Y 2 0 2 0 Y 2 0 2 1 Y 2 0 2 2 Y 2 0 2 3 Y 2 0 2 4 Y 2 0 2 5 Q1 GA A P to No n - GAAP A d justment (%) 18.6% 1) Adju st ed pro f itability mea s ure s . S ee GAAP to non - GAAP reconciliation in Appendix for detail 21 14.7% 12.0% 11.5% ROAE (%)

![](img_022.jpg)

Capi t al O v e r view Tie r 1 Le v e r a g e R a tio (%) T angible Commo n E quity / T angible Ass e ts (%) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 T o t al Risk Based Capi t al R a tio (%) 8.9% 9.8% 9.9% 10.6% 11.1% 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 11.1% 11.8% 12.9% 12.3% 11.9% 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 Tier 1 Risk Based Capi t al R a tio (%) 6.9% 9.5% 9.8% 10.4% 10.4% 6.3% 22 6.4% 7.4% 8.1% 8.5%

![](img_023.jpg)

R ece n t D e v e lo p m e n t s Q 2 2025 Financia l Highlig h ts 1) Q2 202 5 f i gu res ar e preli m i n ar y f inan c i a l i n formatio n an d ar e s ubje c t t o ch an g e. Se e di s c l a i m ers o n s li de 4 for mor e i n forma tion o n our u s e of preliminary f i nancial in f o rmation 23 Financial Snapshot Key Commentary from the Quarter 1 ▪ T o t a l asset s g r ew a t a n annuali z e d r a t e of 12% c ompa r ed t o Q1 2025 ▪ Loans , ne t o f d e f e r r ed loa n f ees, g r ew a t a n annuali z e d r a t e o f 15 % compa r ed t o Q 1 2025 ▪ T o t a l deposi t s g r ew a t a n annuali z e d r a t e o f 15% c ompa r ed t o Q1 2025 ▪ Boo k v a lu e pe r sha r e w as $25 . 80 , an inc r ease o f $0 . 95 , o r 15 % annuali z e d, f r o m Ma r ch 31 , 2025 ▪ Dilu t e d EP S inc r eased t o $0.7 5 in Q 2 2025 f r o m $0.7 1 in Q 1 2025 ▪ R O AA inc r eased t o 1.00% in Q2 2025 f r om 0.96% in Q1 2025 ▪ T a x a ble - e qui v a l e n t ne t i n t e r e s t ma r g in inc r eased t o 3.60% in Q2 2025 f r om 3.52% in Q1 2025 ▪ N P As / Assets r a ti o o f 0.06 % a s o f Jun e 30, 2025 o r Q 4 2024 l t s a s o f a n d f Q1 2025 R e su Q2 2025¹ $ i n m i l l i on s , e x c e p t p e r s h a r e a m ou n t s S e l e c t Bal a n c e S h e et D a t a : $8 2 . 7 $1 2 5 . 0 $1 29 . 9 C a s h & C a s h E qu i v a l e n ts 2 9 6 . 6 2 9 6 . 6 2 92 . 8 S e c u r i t i e s 1 , 8 6 4 . 9 1 , 8 4 1 . 2 1 , 9 11 . 7 L o a ns , N e t o f D e f e r r e d L o a n F e e s 1 8 . 7 1 8 . 7 19 . 6 A l l o w a n c e f o r C r e d i t L o s s e s $2 , 3 0 4 . 5 $2 , 3 1 9 . 9 $2 , 3 92 . 1 T o t a l A s s e t s $1 , 8 9 1 . 4 $1 , 9 2 9 . 5 $2 , 0 02 . 8 D e pos i ts $1 8 6 . 4 $1 9 6 . 6 $2 04 . 4 S h ar e ho l d e r s ' E qu i ty P er Sh a r e D a t a : $0 . 8 4 $0 . 7 1 $0 . 75 D i l u t e d E a r n i n g s P e r Sh a r e $2 3 . 5 7 $2 4 . 8 5 $2 5 . 8 0 B oo k V a l u e P e r S h a r e S e l e c t I n c o m e St a t e m e n t D a t a : $1 9 . 2 $1 9 . 4 $20 . 3 N e t I n t e r e s t I n c om e 0 . 8 – 0 . 9 P r ov i s i o n f o r C r e d i t L oss e s 1 . 8 1 . 2 1 . 5 N on i n t e r e s t I n c om e 1 1 . 1 1 2 . 8 12 . 6 N on i n t e r e s t E x p e n s e 2 .8 2 . 2 2 .5 I n c om e T a x e s $6 . 5 $5 . 4 $5 . 8 N e t I n c o m e S e l e c t P r o f i t a b ili t y M e t r i c s : 3 . 4 9 % 3 . 5 2 % 3 . 60 % T a x a b l e - E q u i v a l e n t N e t I n t e r e s t M ar g i n 1 . 1 4 % 0 . 9 6 % 1 . 00 % R e t u r n o n A v e r a g e A s s e ts 1 3 . 7 % 1 1 . 5% 1 1 . 6 % R e t u r n o n A v e r a g e E q u i ty 0 . 0 6 % 0 . 0 6 % 0 . 06 % N on p e r f o r m i n g A s s e ts / A ss e ts

![](img_024.jpg)

Experience d Leade r shi p T e am wit h a Deep , G r owing Bench Di v e r s ifie d Busines s Line s T a ilo r e d t o Mee t Cu s t ome r Needs Discipli ned C r edi t Cultu r e and Minima l Hi s t ory of Losses Di v e r si f yin g Deposit s Th r oug h T a r g e t e d T r easu r y Solutions Hi st ory of Gene r a ting Double - Digi t Loan and Deposi t G r owth Abilit y t o Enhanc e P r ofi t abilit y Th r oug h St r a t egi c Securitie s R e positioning Discipline d Co s t Mana g eme n t P ai r e d wit h T a r g e t e d T echnology I n v e s tme n ts t o Suppor t Scalability W h y A vidbank: Multi - Busines s Lin e G r owth wit h N a tional R e ach 24

![](img_025.jpg)

25 Appendix

![](img_026.jpg)

Q 1 2025 R e sult s Summa r y Financial Snapshot Key Commentary from the Quarter ▪ Book v alu e pe r sha r e w a s $24.85, an inc r ease o f $1.28, or 22% annuali z ed, f r o m December 31, 2024, and an inc r ease of $3.44, or 16% f r om Ma r ch 31, 2024 ▪ T a x a ble - equi v ale n t n e t i nt e r e s t ma r gi n c o n t r a c t ed slig h t l y t o 3.52% i n the fi rs t quar t er of 2025, c o mpa r ed t o 3.54% in the fi rs t quar t er o f 2024 ▪ P e riod end deposit s inc r eased $38.1 million, or 8% annuali z ed, f r o m Decembe r 31, 2024, and $171.6 million, or 10%, f r om Ma r ch 31, 2024 ▪ Loan s dec r eased $23.8 million, o r 5% annuali z ed, f r om December 31, 2024, and inc r eased $58.2 million, or 3%, f r om Ma r ch 31, 2024 Annuali z ed n e t cha r g e - o f f s t o a v e r a g e loan s t o t ale d - 0 . 01 % f o r the fi rs t quar t er of 2025 c o mpa r ed t o 0 . 00 % f o r the fi rs t quar t er of 2024 ▪ Nonper f ormin g ass e ts t o t o t a l ass e ts t o t ale d 0.06% as of Ma r ch 31, 2025 and Ma r ch 31, 2024 $ i n t hou s a n d s , e x ce p t p e r s ha r e a m oun t s R e s u l t s a s of a nd f o r Q 1 2025 Q 1 2024 S e l e c t O p e r a t i n g D a t a : N e t I n t e r e s t I n c o m e P r o v i s i o n f o r C r e d i t L o s s es T o t a l N o n i n t e r e s t I n c o me T o t a l N o n i n t e r e s t E x p e nse I n c o me B e f o r e I n c o me T a x e s I n c o me T a x E x p e nse N e t I n c om e P e r Sh a r e Da t a : D il u t e d E a r n i n g s P e r Sh ar e B o o k V a l u e P e r Sh ar e $19 , 3 5 2 - 1 , 1 7 1 1 2 , 8 4 2 7 , 6 8 1 2 , 2 4 5 $5 , 4 3 6 $1 8 , 8 85 3 1 9 1 , 2 8 3 1 2 , 4 2 7 7 , 4 2 2 2 , 1 7 6 $5 , 2 4 6 $0 . 71 $24 . 85 $0 . 6 9 $2 1 . 41 P e r f o r ma nc e R a t i o s : R e t u r n o n A v e r a g e A s s e t s R e t u r n o n A v e r a g e E q u i t y T a x a b l e - E qu i v a l e n t N e t I n t e r e s t M a r g i n E f fi c i e n c y R a t i o A s s e t Q u ali t y D a t a : A ll o w a n c e f o r C r e d i t L o s s e s t o T o t a l L o a n s N on p e r f o r m i n g A s s e t s t o T o t a l A ss e ts N e t C h a r g e - O f f s t o A v e ra g e L o a n s Ba l a nc e Sh eet a n d C a p i t a l R a t i o s : T ie r 1 L e v e r a g e Rat i o Common E qu i t y T ie r 1 Ra t i o T ie r 1 R i s k - B a s e d C a p i t a l R a t i o T o t a l R i s k - B a s e d C a p i t a l Rat i o T CE / T A 0 . 9 6 % 1 1 . 5 % 3 . 5 2 % 6 3 % 0 . 9 5 % 12 . 6% 3 . 5 4 % 6 2 % 1 . 1 4 % 0 . 0 6 % - 0 . 0 1 % 1 . 2 1 % 0 . 0 6 % 0 . 0 0 % 1 0 . 4 % 1 1 . 1 % 1 1 . 1 % 1 2 . 9 % 8 . 5 % 9 . 9% 10 . 0% 10 . 0% 12 . 0% 7 . 4% 3.52% Net Interest Margin 26 11.5% ROAE 0.96% ROAA - 0.01% NCOs / Avg Loans $1 , 7 8 3 , 02 4 $1 , 8 4 1 , 1 8 7 S e l e c t B a l a n c e Sh ee t D a t a : L o a n s , N e t o f D e f e rr e d L o a n F ee s 3 1 4 , 7 9 3 2 9 6 , 6 1 7 I n v e s t m e nt S e c u r i t ie s ▪ 2 , 2 5 6 , 5 1 1 2 , 3 1 9 , 9 2 2 T o t a l A s s e ts 1 , 7 5 7 , 8 5 8 1 , 9 2 9 , 4 8 8 D e p os i t s 1 6 7 , 0 8 4 1 9 6 , 6 1 9 S h a r e h o l d e r s ' E qu i ty

![](img_027.jpg)

Experienced Mana g eme n t T e am Mark D. Mordell – Chairman of the Board, President and Chief Executive Officer ▪ Joine d th e boar d of director s of th e Ban k i n Januar y of 2006, app o inte d Chairma n i n Februar y of 2007, name d CE O of Avidbank Hol ding s an d the Bank i n March 2012 ▪ Bring s over 3 0 year s of financia l s e rvices, real estate an d divers e bu s ines s expe ri ence t o th e Co mpany ▪ I n 199 1 founde d Californi a Bavaria n Corporatio n an d it s successo r company, CB C Properties, LLC, which was a ful l servic e real e s tate investment and management organizatio n base d i n Palo Alto ▪ Mr. Mordell holds variou s roles includin g Advisory Boar d Member t o MM M Management, Inc. , th e str a tegi c adviso r t o a famil y offi ce base d i n San Francisco , Advisory Boar d Member of th e D o nova n & Ban k Foundation, which assist s Spe c ia l Forces Operators transitio n int o a li f e of p ea c e , contentment an d balance, an d i s involve d i n various communit y organization s includin g Stanfor d University , Peninsul a Bridge , S a c r ed Hea r t Pr e p a r a tor y School a n d th e Tow n of Portol a V a ll e y ▪ M r . M o rd e l l r e c e iv ed a B.A. i n Economics fro m St a n for d Univ e rsity Gin a Thoma - Peterso n – E xecutiv e Vic e President and Chief Operatin g Officer ▪ Joined th e Ban k as EV P an d CO O of Avidbank Holdings an d th e Ban k i n September 2019 ▪ P r evio usl y spent eight yea r s at MU F G Uni o n Ban k holdin g senio r position s i n global f i nancial service s ente rprise an d operation a l ris k management, and comprehensive capital a n d analysi s r eview (CCAR) ▪ Sp e nt 1 2 y ea r s a t Pri c e w a t e r hous e Coop e r s (PwC) i n S an Fr a nc is co, with dee p expe rtis e i n r e gulato r y compliance, ente r p ri se ri sk, financia l reporting an d operational resilience. Le d advisor y an d audit service s fo r th e larges t PwC port foli o of global , regiona l an d communit y f i nancial institution s in the Weste r n U. S. ▪ Spent si x years i n ban k supervisio n an d reg u lato r y co mpliance as an Ass ociate National B a n k Ex am in e r fo r th e Offi c e of th e Com p trolle r of the Curr e nc y , followin g four y ea r s i n op e r a tional role s wit h communit y an d regio n al banks i n Californi a an d Washington ▪ Ms. Thoma - Peterso n received her B.A. i n Busines s Administratio n fro m th e Univ e rsit y of Wa shington Patric k Oake s – E xecutiv e Vic e Pre s ident and Chief Financial Officer ▪ Joined th e Ban k as EV P an d CF O of Avidb a n k Holdings and the Bank i n March 2022 ▪ Cam e t o th e Compan y fro m Atlanti c Capita l Bancshares, Inc. (Nasdaq: ACBI, which subs e quentl y merged int o SouthStat e Bank, N.A.) whe r e he se rv ed as EVP, CF O an d Secretar y fro m 201 5 t o 2022 ▪ Previous roles includ e EV P an d CF O of Squar e 1 Bank, EV P an d CF O of Encor e Bancshares, Inc, and Senior Vic e President and Trea s ur er of S t e rling Bank ▪ Mr. Oakes was name d the Atlanta Business Chronicle' s 202 1 CF O of th e Year amon g small publi c compan y CFOs ▪ Mr. Oakes i s a Chartere d Financia l Analyst, an d holds a Bachelor of Scienc e i n Elect r ica l Engineeri n g Technolog y degre e fro m T e xas A & M University an d a n MBA, Internationa l Financ e fro m Richmon d American University London 27

![](img_028.jpg)

Experienced Mana g eme n t T e am Geoffrey E. Butner – E xecutiv e Vice President and Chief Credit Officer ▪ Joine d as SV P & Deput y Chief Credi t Office r of Avidbank Holdings an d th e Ban k i n November 2016 an d was promote d t o EV P & CC O i n November 2018 ▪ Bring s 3 7 years of experience i n th e b a nkin g and financia l service s industr y servin g small a n d mediu m size d businesses ▪ Previously spent eight years at Squar e 1 Ban k as a Ris k Manager, fiv e years at Silico n Valle y Ban k as a Senior Credi t Officer , an d was previousl y Chief Operatin g Office r of a venture - backed technol o gy sta r tup, e F inanc e whe r e h e le d the e n gineering , product development, customer servi ce, an d sales e fforts ▪ Mr. Butner received hi s B.A. i n Bus in e s s Economics fro m th e Univ e rsit y of C a liforni a a t S a nt a B a rb a r a . Tami Laura Benedi c t – Exe c utive Vi c e President and Chief of Staff ▪ Joined th e Bank i n 2006 as a n onlin e bankin g specialist , was pro m ote d t o Assistant V P an d Operat ion s Manager of th e Ban k i n 20 0 8, the n t o V P i n 2012, where sh e too k o n th e additiona l responsibili t y as the Deput y BSA (Ban k Secrec y Act) Officer ▪ I n June 2016, Ms. Benedict was promote d t o Senior Vic e President where sh e managed the day - to - da y operation s fo r Loa n Services , Asset - Based Lendin g Operations, IT , th e Branch, Deposit Operat ions , an d Cas h Managem e nt division s of th e Bank ▪ I n August 2024, sh e was appointe d Executiv e Vic e President an d Chief of Staf f of th e Bank Victor DeMarco – Executive Vice President and Chief Legal Counsel ▪ Joine d i n 202 0 as th e SV P an d General Counsel of Avidbank Holdings an d th e Bank an d was promote d t o EV P an d Chief Legal Office r i n September 2024 ▪ Foundin g member of Squar e 1 Bank, wher e h e h e l d severa l leadershi p position s an d helpe d gro w th e Ban k fro m inceptio n throug h i ts IPO an d merger with Pacific Western Bank ▪ Betwee n Februar y 2019 an d Septemb e r 2020, h e practice d la w wit h Smit h Anderson r e presentin g man y of th e to p venture banks i n th e country ▪ M r . D eMa r c o r e c e iv ed hi s B.S . i n busin e s s fro m N o rt h C a rolin a St at e Unive rsity , hi s MBA fr o m th e Unive rsit y of No rt h Caro lin a a t Chapel Hill , an d hi s J.D. fro m North Carolin a Central University Arthur Wasson – Exe c utive Vi c e President and Treasury Management ▪ Joined the Bank as EVP, Treasur y Manage ment Service s of th e Ban k i n August 2023 ▪ Previously serve d as th e managin g grou p director an d was a foundin g member of th e ventur e bankin g tea m at Signatur e Ban k fro m 201 9 t o 2023 ▪ Spent seve n years at Squar e 1 B a nk, subsequentl y acquire d b y Paci fi c Western Bank, most recently as EV P an d Hea d of th e Equit y Funds Grou p and Global Treasur y Management ▪ H e bega n hi s bankin g career firs t at Merril l Lync h an d late r at Morga n Stanl e y i n thei r privat e bankin g divisions ▪ Mr. Wasson received hi s B.S . i n Accountancy fro m Vill a nov a University an d a J.D. fro m Albany La w School 28

![](img_029.jpg)

Boa r d of Di r ec t o r s 29 Mark D. Mordell – C hairman of the Board, President and CEO ▪ Se e prio r page s fo r detaile d biography Kristofer W. Biorn – Director ▪ Mr. Biorn i s an atto r n ey with the Palo Al t o la w fir m o f Cris t \| Biorn \| Shepher d \| Roskoph APC, on e o f the oldes t la w firm s i n Palo Alto ▪ H e specialize s i n litigat i o n related to est a tes and trusts and ha s extensive experience i n estate plannin g an d commer c ia l real estate transac t ions ▪ He graduated fro m Duk e University and t h e UC Colleg e o f the La w - S a n Francisco James F. Deutsch – Director ▪ Mr. Deutsch ha s ove r 40 years o f experience i n banking . H e i s a partne r i n Patr i o t Financia l Par t ners , a privat e e quit y fir m base d i n Radnor , PA ▪ Prior t o joinin g Patr i o t i n 201 2 , Mr . Deutsc h serve d a s President, CEO , an d Founde r of Tea m Capita l Bank, a private l y hel d ins t itutio n headquartere d i n Bethlehem, PA ▪ Before Tea m Capital , h e spen d ove r 25 years with Commerc e Bank, Brown Brothers Harriman , an d Summi t Bank ▪ He ha s serve d o n the Board o f Director s o f more tha n 10 bank s ranging i n siz e fro m $1 billio n t o $3 0 billio n i n assets Diane J. Flynn – Director ▪ Ms. Flyn n i s Cofounde r and CE O o f ReBoot Accel, designin g inclusiv e work cultures ▪ Sh e consults with Fortun e 500 companies, coaches executives, an d facilitates workshops that support and promot e women and underrepresente d groups ▪ Dian e was previousl y Chie f Marketing Officer o f GSVlabs, V P Business Development at Electroni c Arts, and an associate consultant at Th e Boston Consultin g Group ▪ Sh e serves on the boards at Resurge Inter n ationa l an d MixR , an d previousl y serve d on the Sacre d H eart School s and Sant a Lu cia Preserve Boards ▪ Sh e earned a BA i n Economic s fro m Stanfor d and an MBA fro m Harvard Lisa B. Hendrickson – Director ▪ Ms. Hendrickson was Capita l Project Manager and forme r President and CE O of Av e nidas , a Pa l o Alto bas ed not - f or - profit senio r service s agency ▪ Previously she ha d twenty years o f commercial bankin g experience culminating as Senio r Vic e President and Manager, Reg i ona l Commercia l Bankin g a t Wells Fargo Bank , Pa l o Alto Bryan C. Polster – Director ▪ Mr. Polster ha s more than 40 years o f exp e rience i n th e publi c accountin g profession and i s the pas t Chairman o f the Board o f P a r t ner s o f Frank , Rimerma n + Co . LLP , which serve s leadin g Technology , Ventur e Capital, and Real Estat e companies i n Silicon Valley ▪ He i s a retired Certifie d Public Accounta n t and ha s served o n several committees of the American Institute o f Certifie d Public Accountants Michael F. Rosinus – Director ▪ Mr. Rosinus i s a privat e investo r focusin g o n investment s i n community banks , other financia l service s companies, an d a consumer package d goods company ▪ H e previousl y serve d a s a Directo r o f Bridgeview Bancorp, Inc. an d Bridgeview Bank Group , Cordi a Bancor p an d Ban k o f Virgi n ia , Hom e Bancorp Inc . an d Homebanc , and NewDominion Bank ▪ Prior to hi s investmen t activ it ies, Mr . Rosinus was employed i n the bankin g industry fo r 18 years, servin g a s th e Chie f Lendin g Office r fo r M&T Bank i n New Yor k Cit y and the Chie f E x ecutive Officer o f the C ommercia l Ban k fo r Citiban k i n Chicago Robert H. Scott – Director ▪ Mr. Scot t i s a 30 - year networ k securit y industr y veteran who was name d b y Erns t & Youn g as it s Entrepreneu r o f the Yea r i n 2002 ▪ Mr. Scot t i s currently the Chie f Strateg y O ffice r o f Silversky , Inc. , a provide r of cybersecuri t y as a m a nage d service s model ▪ Previously, h e served as the CEO o f Cy g ilant , Inc. , Bradfor d Ne tworks , a n e twork security company acquired b y Fortinet , a n d Cliqu e Intelligence, a softwar e platform fo r dat a sharin g an d collabora t io n technologies Marc J. Verissim o – Director ▪ Mr . Verissim o ha s ove r 38 years o f bankin g experience, primaril y i n senio r positions ▪ After stint s at Bank o f America and Firs t Intersta t e Bank, h e founded and was hea d of Technolog y Banking at Comeric a Bank ▪ In 1993 h e joine d Silico n Valle y Bank. Over t h e nex t 23 years, Mr. Verissim o served on SVB' s e x ecutive committee and worked i n mul t ipl e roles includin g Hea d o f California Banking, interi m Chie f Financia l Office r twice, Chie f Strateg y Officer, and hi s las t role o f Chie f Risk Officer Linda Morris – Director ▪ Ms. Morris previousl y worked fo r PNC Bank for approximately 21 years and was the former E x ecutive Vic e President and H ead o f U.S. Retail Branch Banking and Physical Distributio n where sh e le d a networ k o f around 2,5 0 0 branche s and 16, 00 0 employees nationwide ▪ Ms. Morris ha s dee p expertise i n enterprise risk management, regulatory compliance, strategi c plannin g an d huma n capital management ▪ Ms. Morris currently works as an executive coach an d adviso r t o senio r executives, helpin g corporate leader s i n a varie t y o f indu s tries includin g financia l services , fintech, biotech , construction, etc. throug h organ i zation a l transformat i on , busines s scaling, and implementin g innovativ e strat egies and leadershi p pipelines

![](img_030.jpg)

GAA P t o Non - GAA P R e concili a tion 30 F o r t he Q u a r t e r F o r t h e Y e a r E n d e d D e c e m b e r 31 , E n d e d M a r c h 31 , $ i n t ho u s a n d s 2021 2022 2 0 23 2024 2025 N o n - G A A P A d j u s t e d N e t I n c o m e R e c o n c ili a t i o n $5 , 4 3 6 $21 , 015 $16 , 801 $25 , 023 $1 2 , 264 N e t I n c ome - G AA P – – 4 , 483 295 – L o s s on S a l e of S e c u r i t i e s , N e t o f I n c ome T a x – – 233 – – S e v e r a n c e , N e t of I n c ome T a x – – 47 8 – – B O L I Su r r e n d e r T a x E x p e nse $5 , 4 3 6 $21 , 015 $21 , 995 $25 , 318 $1 2 , 264 A d j u s t e d N e t I n c o m e (n on - G A A P) N o n - G A A P A d j u s t e d D il u t e d E ar n i ng s P e r S h ar e R e c o n c ili a t i o n $0 . 71 $2 . 76 $2 . 24 $3 . 60 $2 . 0 2 D il u t e d E a r n i n g s P e r Sh ar e - G AA P – – 0 . 60 0 . 04 – L o s s on S a l e of S e c u r i t i e s , N e t o f I n c ome T a x – – 0 . 0 3 – – S e v e r a n c e , N e t o f I n c o m e T a x – – 0 . 0 6 – – B O L I Su r r e n d e r T a x E x p e nse $0 . 71 $2 . 76 $2 . 94 $3 . 64 $2 . 0 2 A d j u s t e d D il u t e d E a r n i n g s P e r S h a r e (n on - G A A P) N o n - G A A P A d j u s t e d R e t u r n o n A v e r a g e A ss e t s R e c on c i l i a t i o n $5 , 4 3 6 $21 , 015 $16 , 801 $25 , 023 $1 2 , 264 N e t I n c ome - G AA P 2, 289, 9 3 5 2 , 252 , 814 2 , 173 , 969 2 , 0 72 , 989 1 , 7 1 3 , 888 A v e ra g e T ot a l A s s e t s 0 . 96% 0 . 93% 0 . 77% 1 . 21% 0 . 72% R e t u r n o n A v e ra g e A s s e t s - G A A P $5 , 4 3 6 $21 , 015 $21 , 995 $25 , 318 $1 2 , 264 A d j u s t e d N e t I n c o m e (n o n - G A A P) 2 , 289 , 9 3 5 2 , 252 , 814 2 , 173 , 969 2 , 0 72 , 989 1 , 7 1 3 , 888 A v e ra g e T ot a l A s s e t s 0 . 96% 0 . 93% 1 . 01% 1 . 22% 0 . 72% A d j u s t e d R e t u r n o n A v e ra g e A ss e t s (n o n - G AAP) N o n - G A A P A d j u s t e d R e t u r n o n A v e r a g e E q u i t y R e c o n c ili a t i o n $5 , 4 3 6 $21 , 015 $16 , 801 $25 , 023 $1 2 , 264 N e t I n c ome - G AA P 191, 8 9 1 175 , 348 150 , 045 135 , 841 1 3 3 , 646 A v e ra g e T ot a l E q u i ty 11 . 5% 12 . 0% 11 . 2% 1 8 . 4 % 9 . 2% R e t u r n o n A v e ra g e E q u i t y - G A A P $5 , 4 3 6 $21 , 015 $21 , 995 $25 , 318 $1 2 , 264 A d j u s t e d N e t I n c o m e (n o n - G A A P) 191 , 8 9 1 175 , 348 150 , 045 135 , 841 1 3 3 , 646 A v e ra g e T ot a l E q u i ty 11 . 5% 12 . 0% 14 . 7% 1 8 . 6 % 9 . 2% A d j u s t e d R e t u r n o n A v e ra g e E qu i t y (n o n - G A A P)

![](img_031.jpg)

Hi st ori c al Balance She e t 31 $ i n t ho u s a n d s A s o f D e c e m b e r 3 1 , A s o f M a rc h 3 1 , 2 025 2024 2023 $125 , 001 $82 , 701 $81 , 3 96 C a s h a n d C a s h E q u i v a l e n ts 296 , 617 296 , 556 325 , 3 20 A F S I n v e s t m e n t S e c u r i t i e s 1 , 841 , 187 1 , 864 , 942 1 , 740 , 6 47 L o a ns , N e t o f D e f e r r e d L o a n F e e s A l l o w a n c e f o r C r e d i t L o s s e s o n L o a n s (19, 1 31) (1 8, 679) (18, 722) 1 , 822 , 465 1 , 846 , 263 1 , 721 , 5 16 N e t L o a n s 12 , 7 6 4 1 2 , 6 7 4 1 2 , 3 1 5 B a n k O w n e d L i f e I nsu ra n c e 2 , 11 8 2 , 331 3 , 2 97 P r e m i s e s a n d E qu i p m e n t, N e t 60 , 957 63 , 963 86 , 9 92 O t h e r A s s e ts $2 , 3 19 , 922 $2 , 304 , 488 $2 , 230 , 8 36 T o t a l Ass e t s $1 , 9 29 , 4 8 8 $1 , 891 , 355 $1 , 654 , 3 29 D e pos i t s 22 , 000 2 2 , 000 21 , 906 S u b o r d i n a t e d D e b t, N e t 155 , 000 185 , 000 360 , 0 00 S ho r t - T e r m B o r r o w i n g s 16 , 815 1 9 , 771 29 , 289 O t h e r L i a b i l i t i e s $2 , 1 23 , 303 $2 , 118 , 126 $2 , 065 , 5 24 T o t a l L i a b i l i t i e s $106 , 839 $106 , 997 $104 , 4 99 C o mm o n S t o c k 136 , 139 130 , 703 109 , 6 88 R e t a i n e d E a r n i n g s (46 , 359) (5 1 , 338) (48 , 875) A c c u m u l a t e d O t h e r C o m p r e h e ns i v e I n c o me (L o s s) $196 , 619 $186 , 362 $165 , 3 12 T o t a l S h a r e h o l d e r s ' E q u i t y $2 , 3 19 , 922 $2 , 304 , 488 $2 , 230 , 8 36 T o t a l L i a b i l i t i e s a n d S h a r e ho l d e r s ' E qu i t y

![](img_032.jpg)

Hi st ori c al Income S t a t eme n t 32 F o r t h e Q u a r t e r E n d e d M a r c h 3 1 , 2025 F o r t h e Y e a r E n d e d D e c e m b e r 31 , 202 3 2024 $ i n t h o u s a n d s $31 , 885 $112 , 49 4 $130 , 878 I n t e r e s t a n d F e e s o n L o a n s 1 , 749 8 , 65 8 7 , 162 I n t e r e s t o n I n v e s t m e n t S e c u r i t ie s 185 69 0 752 F e d e r a l H o m e L o a n Ba n k D i v i d e n d s 7 0 6 3 , 14 0 3 , 649 O t h e r I n t e r e s t I n c o me $34 , 525 $124 , 98 2 $142 , 441 T o t a l In t e r e s t I n c o m e $12 , 827 $3 6 , 41 4 $54 , 1 4 6 In t e r e s t o n D e pos i t s 2, 346 15 , 00 9 13 , 073 I n t e r e s t o n B o rr o w i n g s $15 , 173 $5 1 , 42 3 $67 , 2 1 9 T o t a l In t e r e s t E x p e ns e $19 , 352 $7 3 , 55 9 $75 , 2 2 2 N e t I n t e r e s t In c o m e – 3 , 04 2 4 , 0 9 6 P r o v i s i on f o r C r e d i t L o s s es $762 $2 , 20 9 $2 , 600 S e r v i c e C h a r g e s , F e e s a n d O t h e r I n c ome 220 41 1 8 9 6 Fo r ei g n E x c h a n g e I n c ome 90 8 9 4 508 Ba nk - O w n e d L i f e I n s u r a n c e I n c o me – 2 3 6 5 W a rr a n t a n d Su c c e s s F e e I n c ome – 99 (6 , 379) – 19 0 1 , 941 L os s o n S a l e o f I n v e s t m e n t S e c u r i t i e s a n d O R E Ot h e r I n c o me $1 , 171 ($2 , 652) $6 , 010 T o t a l N o n i n t e r e s t In c o m e $9 , 097 $3 0 , 57 2 $32 , 4 9 9 S a l a r ie s a n d E m p l o y e e B e n e f i t s 9 9 6 3 , 95 4 4 , 019 O c c u p a n c y a n d E qu i p m e nt 615 2 , 04 1 2 , 412 Da t a P r o c e s s i n g 5 4 4 1 , 66 3 2 , 083 R e g u l a t o r y A s s e s s m e n t s 511 1 , 83 9 2 , 139 L e g a l a n d P r o f e ss i o n a l F e e s 1, 079 3 , 82 4 4 , 181 O t h e r E x p e n s e s $12 , 842 $4 3 , 89 3 $47 , 3 3 3 T o t a l N o n i n t e r e s t E x p e ns e $7 , 681 $2 3 , 97 2 $29 , 8 0 3 In c o m e B e f o r e P r o v i s i o n f o r I n c o m e T a x e s 2 , 245 7 , 17 1 8 , 788 P r o v i s i on f o r In c o me T a xe s $5 , 436 $1 6 , 80 1 $21 , 0 1 5 N e t I n c o me $0 . 73 $2 . 2 9 $2 . 83 Ba s i c E ar n i n g s P e r C o m m o n S h a r e $0 . 71 $2 . 2 4 $2 . 7 6 D il u t e d E a r n i n g s P e r Common Sh a r e