# EDGAR Filing Document

**Accession Number:** 0002058758
**File Stem:** 0001193125-26-180748
**Filing Date:** 2026-4
**Character Count:** 51526
**Document Hash:** 1bb15cb2930090aa70b2e91b61d41615
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-180748.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-180748

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260423

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avidia Bancorp, Inc.
- **CENTRAL INDEX KEY:** 0002058758
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 334239888
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42775
- **FILM NUMBER:** 26898411

**BUSINESS ADDRESS:**
- **STREET 1:** 42 MAIN STREET
- **CITY:** HUDSON
- **STATE:** MA
- **ZIP:** 01749
- **BUSINESS PHONE:** 800-508-2265

**MAIL ADDRESS:**
- **STREET 1:** 42 MAIN STREET
- **CITY:** HUDSON
- **STATE:** MA
- **ZIP:** 01749

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** April 23, 2026<br>

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Avidia Bancorp, Inc.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Maryland | 001-42775 | 33-4239888 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 42 Main Street |  |  |
| Hudson**,** Massachusetts |  | 01749 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** 800 5082265<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common stock, $0.01 par value per share | AVBC | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 2.02 Results of Operations and Financial Condition.
On April 23, 2026, Avidia Bancorp, Inc. (the "Company"), the holding company of Avidia Bank, issued a press release announcing the unaudited consolidated financial results of the Company for the quarter ended March 31, 2026 and the declaration of a dividend of $0.05 per share payable on or about May 28, 2026 to stockholders of record as of the close of business on May 19, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

## Item 9.01 Financial Statements and Exhibits.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

<u>Exhibit No.</u> <u>Description</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<u>99.1</u>](avbc-ex99_1.htm)[<u>Press Release dated April 23, 2026</u>](avbc-ex99_1.htm)

104 Cover Page Interactive Data File (Embedded within Inline XBRL document)

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **AVIDIA BANCORP, INC** |
| Date: | April 27, 2026 | By:  | /s/ Jonathan Nelson |
|  |  |  | Jonathan Nelson<br>Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

![img180766831_0.jpg](img180766831_0.jpg)

**Contact:**

Robert D. Cozzone

President and Chief Executive Officer

Avidia Bancorp, Inc.

(800) 508-2265

**Avidia Bancorp, Inc. Reports First Quarter 2026 Financial Results, Declares Quarterly Cash Dividend**

**HUDSON, MA**; April 23, 2026 – Avidia Bancorp, Inc. (the "Company") (NYSE: "AVBC"), the holding company of Avidia Bank, today reported first quarter 2026 consolidated financial results. Net income for the first quarter of 2026 was $6.0 million, or $0.32 per share, compared to net income of $5.3 million, or $0.29 per share, for the fourth quarter of 2025.

The Company also announced today the declaration of a quarterly cash dividend of $0.05 per share on its outstanding shares of common stock, payable on or about May 28, 2026, to stockholders of record as of the close of business on May 19, 2026.

CEO Robert Cozzone stated, "Earnings per share growth of 10.3% in the first quarter reflects our focus on improving profitability through good financial discipline. Although loan growth was seasonally slow, the ongoing efforts of my colleagues led to improvements in most other performance measures."

**SELECTED FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income was $6.0 million, or $0.32 per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net interest margin increased quarter-over-quarter by 7 basis points to 3.61%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Return on average assets increased quarter-over-quarter by 9 basis points to 0.86%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Efficiency ratio for the quarter was 67.2%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Book value per share and tangible book value per share (non-GAAP) increased to $19.09 and $18.49, respectively. See the non-GAAP reconciliation at the end of this document for further information.

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**BALANCE SHEET:**

Total assets were $2.81 billion at March 31, 2026, decreasing $30.0 million, or 1.1%, from December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total cash and cash equivalents decreased by $52.4 million, or 36.0%, to $93.0 million from $145.5 million in the prior quarter. This decrease was primarily the result of net paydowns of Federal Home Loan Bank advances and the reinvestment of cash into securities and bank owned life insurance, offset by deposit growth and the decline in loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total available for sale securities increased by $26.8 million, or 10.0%, to $295.9 million from $269.1 million in the prior quarter, primarily the result of purchases of $43.7 million, offset by paydowns of $14.8 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total loans decreased by $13.9 million, or 0.6%, to $2.28 billion, from $2.30 billion in the prior quarter, primarily the result of decreases in construction and land loans of $9.5 million and condominium association loans of $9.2 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Loan balances reflect the final sale and closing of the life sciences loan that was charged down by $16.7 million in the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Deposits increased by $17.9 million, or 0.8%, to $2.15 billion from $2.13 billion in the prior quarter. Non-interest-bearing demand accounts increased $28.7 million, money market accounts increased $12.7 million, savings accounts increased $9.9 million and certificates of deposits increased $3.2 million. This growth was offset by a decrease in NOW accounts of $36.7 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Federal Home Loan Bank advances decreased by $55.0 million, or 21.2%, to $205.0 million from $260.0 million in the prior quarter, as a result of net paydowns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total shareholders' equity increased by $4.2 million, or 1.1%, to $383.2 million from $379.0 million in the prior quarter, primarily the result of net income of $6.0 million, offset by dividends paid and unrealized losses on available for sale securities recognized in other comprehensive income during the quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Shareholders' equity to total assets was 13.7% as of March 31, 2026, compared to 13.4% at the prior quarter-end. Tangible shareholders' equity to tangible assets (non-GAAP) was 13.3% compared to 13.0% for these respective dates.

**NET INTEREST INCOME**

Net interest income was $24.0 million for the quarter ended March 31, 2026, compared to $23.6 million for the prior quarter, an increase of $373 thousand, or 1.6%. The net interest margin expanded 7 basis points to 3.61% for the quarter from 3.54% in the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The yield on average interest-earning assets decreased by 1 basis point to 5.05%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Average short-term investments were up $38.9 million from the previous quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The yield on securities increased by 7 basis points to 3.47% and the yield on loans increased by 3 basis points to 5.37%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The cost of deposits decreased by 4 basis points to 1.31% from 1.35% in the prior quarter.

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**NON-INTEREST INCOME**

Noninterest income was $4.3 million for the quarter ended March 31, 2026, compared to $3.7 million for the prior quarter, representing an increase of $570 thousand, or 15.3%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Payment processing income was $1.9 million, compared to $1.7 million for the prior quarter, representing an increase of $189 thousand due to increased activity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Mortgage banking income was $263 thousand, compared to $103 thousand for the prior quarter, representing an increase of $160 thousand.

**NON-INTEREST EXPENSE**

Noninterest expense was $19.0 million for the quarter ended March 31, 2026, compared to $18.4 million for the prior quarter, representing an increase of $631 thousand, or 3.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Salaries and employee benefits increased $724 thousand to $10.2 million. This increase included the seasonal increase of employee payroll taxes from the annual FICA reset and an increased annual short-term incentive accrual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Data processing expense decreased $361 thousand to $2.9 million due to continued billing adjustments and one time expense in the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Occupancy and equipment expenses were up $170 thousand to $1.8 million due primarily to snow removal expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Professional fees increased $290 thousand to $1.1 million, primarily due to the engagement of a third party to help implement a process improvement program.

**INCOME TAXES**

Income tax expense for the quarter ended March 31, 2026, was $2.2 million, compared to an income tax expense of $2.4 million in the prior quarter.

**ASSET QUALITY**

The allowance for credit losses was $22.8 million as of March 31, 2026, or 1.00% of total loans, compared to $22.0 million, or 0.96% of total loans at December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company recorded provisions for credit losses on loans of $859 thousand in the first quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company recorded net charge-offs of $116 thousand, or 0.02% annualized, during the quarter ended March 31, 2026, compared to 0.65% in the quarter ended December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Nonperforming loans totaled $13.6 million as of March 31, 2026, a decrease of $6.6 million from the quarter ended December 31, 2025, primarily due to a decrease of $6.5 million in nonperforming construction loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total nonperforming loans to total loans was 0.60% as of March 31, 2026, compared to 0.88% as of December 31, 2025.

**ABOUT AVIDIA BANCORP, INC.**Avidia Bancorp, Inc. is the bank holding company of Avidia Bank. Avidia Bank is a Massachusetts-chartered stock savings bank. With headquarters in Hudson, Massachusetts, it also operates nine full-service banking offices in western Middlesex County and eastern Worcester County, in Massachusetts. For more information, please visit https://www.AvidiaBank.com.****

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**NON-GAAP FINANCIAL MEASURES** 

This document contains certain non-GAAP financial measures in addition to results presented in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. A reconciliation of non-GAAP financial measures to GAAP measures is provided at the end of this document. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP operating earnings can be of substantial importance to the Company's results for any particular quarter or year. The Company's non-GAAP operating earnings information set forth is not necessarily comparable to non-GAAP information which may be presented by other companies. Each non-GAAP measure used by the Company in this document as supplemental financial data should be considered in conjunction with the Company's GAAP financial information. The Company adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community.

**FORWARD-LOOKING STATEMENTS**<br> Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other similar expressions which do not relate to historical matters. Although we believe that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance. You should not place undue reliance on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond our control. Our actual results could differ materially from those presented in the forward-looking statements as a result of, among other factors, changes in general business and economic conditions nationwide and in our local markets, including changes which adversely affect borrowers' ability to service and repay loans; changes in customer behavior due to political, business and economic conditions, including inflation; conditions in the capital and debt markets; reductions in net interest income resulting from interest rate volatility and changes in the balances and mix of our loans and deposits; changes in market interest rates and real estate values; decreases in the value of securities and other assets or in deposit levels necessitating increased borrowing to fund loans and investments; competition from other financial institutions; changes in legislation or regulation and accounting principles, policies and guidelines; cybersecurity incidents; fraud; natural disasters; the risk that we may be unsuccessful in implementing our business strategy; and the other risks and uncertainties disclosed in Avidia Bancorp, Inc.'s Form 10-K, and updated by our Quarterly Report on Form 10-Q, and other filings submitted to the U.S. Securities and Exchange Commission. Forward looking statements speak only as of the date of this release, and we do not undertake any obligation to update or revise any of them to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events, except as may be required by applicable law or regulation.

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| | | | |
|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Selected Consolidated Financial Highlights (Unaudited)** | **Selected Consolidated Financial Highlights (Unaudited)** | **Selected Consolidated Financial Highlights (Unaudited)** | **Selected Consolidated Financial Highlights (Unaudited)** |
|  | **At or for the Quarters Ended** | **At or for the Quarters Ended** | **At or for the Quarters Ended** |
| *(Dollars in thousands, except per share data)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Earnings Data:** |  |  |  |
| Net interest income | $23982 | $23609 | $19211 |
| Total non-interest income | 4286 | 3716 | 3727 |
| Total non-interest expense | 18992 | 18361 | 21831 |
| Provision for credit losses | 1089 | 1217 | 17616 |
| Income (loss) before income tax expense | 8187 | 7747 | (16509) |
| Net income (loss) | 5996 | 5333 | (11587) |
| **Per-Share Data:** |  |  |  |
| Earnings per share, basic | $0.32 | $0.29 | N/A |
| Earnings per share, diluted | 0.32 | 0.29 | N/A |
| Book value per share | 19.09 | 18.88 | N/A |
| Tangible book value per share (non-GAAP)<sup>(1)</sup> | 18.49 | 18.28 | N/A |
| **Performance Ratios:** |  |  |  |
| Return on average assets (annualized) | 0.86% | 0.77% | (1.71)% |
| Return on average equity (annualized) | 6.36 | 5.66 | (24.91) |
| Return on average tangible common equity (non-GAAP)<sup>(1)</sup> | 6.57 | 5.85 | (25.05) |
| Net interest margin<sup>(2)</sup> | 3.61 | 3.54 | 3.04 |
| Interest rate spread <sup>(3)</sup> | 3.12 | 3.04 | 2.62 |
| Yield on loans | 5.37 | 5.34 | 5.16 |
| Cost of deposits | 1.31 | 1.35 | 1.50 |
| Noninterest income as a percentage of average assets | 0.62 | 0.54 | 0.56 |
| Noninterest expense as a percentage of average assets | 2.74 | 2.66 | 3.27 |
| Efficiency ratio<sup>(4)</sup> | 67.19 | 67.19 | 95.17 |
| Total loans as a percentage of total deposits | 106.45 | 108.00 | 104.60 |
| Average interest-earning assets as a percentage of average interest-bearing liabilities | 133.43 | 132.56 | 122.65 |
| **Balance Sheet, (end of period):** |  |  |  |
| Total assets | $2807058 | $2837090 | $2706631 |
| Total earning assets | 2677277 | 2722357 | 2585965 |
| Total loans | 2284555 | 2298466 | 2233033 |
| Total deposits | 2146160 | 2128283 | 2134831 |
| Total shareholders' equity | 383162 | 378994 | 186057 |
| **Asset Quality:** |  |  |  |
| Allowance for credit losses | $22761 | $22018 | $21849 |
| Allowance for credit losses as a percentage of total loans | 1.00% | 0.96% | 0.98% |
| Allowance for credit losses as a percentage of nonperforming loans | 167.02 | 108.96 | 183.98 |
| Nonperforming loans as a percentage of total loans | 0.60 | 0.88 | 0.53 |
| Net (charge-offs) recoveries as a percentage of average loans (annualized) | (0.02) | (0.65) | (3.11) |
| Total nonperforming assets as a percentage of total assets | 0.49 | 0.71 | 0.44 |
| **Capital Ratios:** |  |  |  |
| Total shareholders' equity as a percentage of total assets | 13.65% | 13.36% | 6.87% |
| Tangible shareholders' equity as a percentage of tangible assets (non-GAAP)<sup>(1)</sup> | 13.28 | 12.99 | 6.46 |
| Total capital as a percentage of risk-weighted assets <sup>(5)</sup> | 19.75 | 19.66 | 11.43 |
| Common equity tier 1 capital as a percentage of risk-weighted assets <sup>(5)</sup> | 17.42 | 17.35 | 9.03 |
| Tier 1 capital as a percentage of average assets <sup>(5)</sup> | 13.74 | 13.84 | 7.10 |
| (1) Reconciliation of non-GAAP financial measures appear on page 11. | (1) Reconciliation of non-GAAP financial measures appear on page 11. | (1) Reconciliation of non-GAAP financial measures appear on page 11. | (1) Reconciliation of non-GAAP financial measures appear on page 11. |
| (2) Represents net interest income as a percentage of average interest-earning assets. | (2) Represents net interest income as a percentage of average interest-earning assets. | (2) Represents net interest income as a percentage of average interest-earning assets. | (2) Represents net interest income as a percentage of average interest-earning assets. |
| (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted | (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted | (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted | (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted |
| &nbsp;&nbsp;&nbsp;&nbsp; average rate of interest-bearing liabilities. | &nbsp;&nbsp;&nbsp;&nbsp; average rate of interest-bearing liabilities. | &nbsp;&nbsp;&nbsp;&nbsp; average rate of interest-bearing liabilities. | &nbsp;&nbsp;&nbsp;&nbsp; average rate of interest-bearing liabilities. |
| (4) Represents noninterest expenses divided by the sum of net interest income and noninterest income. | (4) Represents noninterest expenses divided by the sum of net interest income and noninterest income. | (4) Represents noninterest expenses divided by the sum of net interest income and noninterest income. | (4) Represents noninterest expenses divided by the sum of net interest income and noninterest income. |
| (5) Presented as projected for March 31, 2026 and actual for the remaining dates. | (5) Presented as projected for March 31, 2026 and actual for the remaining dates. | (5) Presented as projected for March 31, 2026 and actual for the remaining dates. | (5) Presented as projected for March 31, 2026 and actual for the remaining dates. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** | **Consolidated Balance Sheets (Unaudited)** |
|  | **As of** | **As of** | **As of** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** |
| *(Dollars in thousands)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| **Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Cash and due from banks | $19231 | $15903 | $24282 | $3328 | 20.9% | $(5051) | (20.8)% |
| &nbsp;&nbsp;Short-term investments | 73793 | 129551 | 58800 | (55758) | (43.0) | 14993 | 25.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 93024 | 145454 | 83082 | (52430) | (36.0) | 9942 | 12.0 |
| &nbsp;&nbsp;Securities available for sale, at fair value | 295924 | 269139 | 261946 | 26785 | 10.0 | 33978 | 13.0 |
| &nbsp;&nbsp;Securities held to maturity, at amortized cost | 13000 | 13000 | 16746 | - | 0.0 | (3746) | (22.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total securities | 308924 | 282139 | 278692 | 26785 | 9.5 | 30232 | 10.8 |
| &nbsp;&nbsp;Federal Home Loan Bank stock, at cost | 9817 | 11801 | 14729 | (1984) | (16.8) | (4912) | (33.3) |
| &nbsp;&nbsp;Loans held for sale | 188 | 400 | 711 | (212) | (53.0) | (523) | (73.6) |
| &nbsp;&nbsp;Total loans | 2284555 | 2298466 | 2233033 | (13911) | (0.6) | 51522 | 2.3 |
| &nbsp;&nbsp;Less: Allowance for credit losses | (22761) | (22018) | (21849) | (743) | 3.4 | (912) | 4.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans | 2261794 | 2276448 | 2211184 | (14654) | (0.6) | 50610 | 2.3 |
| &nbsp;&nbsp;Premises and equipment, net | 29029 | 29183 | 29020 | (154) | (0.5) | 9 | 0.0 |
| &nbsp;&nbsp;Bank-owned life insurance | 46929 | 36660 | 35805 | 10269 | 28.0 | 11124 | 31.1 |
| &nbsp;&nbsp;Accrued interest receivable | 8683 | 8537 | 8802 | 146 | 1.7 | (119) | (1.4) |
| &nbsp;&nbsp;Net deferred tax asset | 10584 | 13134 | 11738 | (2550) | (19.4) | (1154) | (9.8) |
| &nbsp;&nbsp;Goodwill | 11936 | 11936 | 11936 | - | - | - | - |
| &nbsp;&nbsp;Mortgage servicing rights | 3086 | 3033 | 3289 | 53 | 1.7 | (203) | (6.2) |
| &nbsp;&nbsp;Other assets | 23064 | 18365 | 17643 | 4699 | 25.6 | 5421 | 30.7 |
| **Total assets** | $2807058 | $2837090 | $2706631 | $(30032) | (1.1)% | $100427 | 3.7% |
| **Liabilities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Deposits | $2146160 | $2128283 | $2134831 | $17877 | 0.8% | $11329 | 0.5% |
| &nbsp;&nbsp;Federal Home Loan Bank advances | 205000 | 260000 | 325000 | (55000) | (21.2) | (120000) | (36.9) |
| &nbsp;&nbsp;Subordinated debt | 27852 | 27815 | 27715 | 37 | 0.1 | 137 | 0.5 |
| &nbsp;&nbsp;Accrued expenses and other liabilities | 44884 | 41998 | 33028 | 2886 | 6.9 | 11856 | 35.9 |
| **Total liabilities** | $2423896 | $2458096 | $2520574 | $(34200) | (1.4)% | $(96678) | (3.8)% |
| **Shareholders' equity:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Common Stock | $201 | $201 | $- | $- | 0.0% | $201 | -% |
| &nbsp;&nbsp;Additional paid-in capital | 194899 | 194899 | - | - | 0.0 | 194899 | - |
| &nbsp;&nbsp;Unallocated ESOP common stock | (15258) | (15258) | - | - | 0.0 | (15258) | - |
| &nbsp;&nbsp;Retained earnings | 216973 | 211981 | 203683 | 4992 | 2.4 | 13290 | 6.5 |
| &nbsp;&nbsp;Accumulated other comprehensive loss | (13653) | (12829) | (17626) | (824) | 6.4 | 3973 | (22.5) |
| **Total shareholders' equity** | $383162 | $378994 | $186057 | $4168 | 1.1% | $197105 | 105.9% |
| **Total liabilities and shareholders' equity** | $2807058 | $2837090 | $2706631 | $(30032) | (1.1)% | $100427 | 3.7% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** | **Consolidated Loan and Deposit Analysis (Unaudited)** |
| **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** | **<u>Loan Analysis</u>** |
|  | **As of** | **As of** | **As of** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** |
| *(Dollars in thousands)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| **Real estate loans** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;One to four family residential | $513146 | $518225 | $513224 | $(5079) | (1.0)% | $(78) | (0.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity and second mortgages | 83371 | 78350 | 66927 | 5021 | 6.4 | 16444 | 24.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 537752 | 534855 | 508416 | 2897 | 0.5 | 29336 | 5.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate multi-family | 104253 | 104695 | 89473 | (442) | (0.4) | 14780 | 16.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction & land | 47467 | 57005 | 42234 | (9538) | (16.7) | 5233 | 12.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total real estate loans | 1285989 | 1293130 | 1220274 | (7141) | (0.6) | 65715 | 5.4 |
| **Commercial loans** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Condominium associations | 497503 | 506683 | 492926 | (9180) | (1.8) | 4577 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial & industrial | 494514 | 491765 | 511858 | 2749 | 0.6 | (17344) | (3.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;PPP loans |  | 11 | 151 | (11) | (100.0) | (151) | (100.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 992017 | 998459 | 1004935 | (6442) | (0.6) | (12918) | (1.3) |
| **Consumer loans** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 3456 | 3877 | 4714 | (421) | (10.9) | (1258) | (26.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer loans | 3456 | 3877 | 4714 | (421) | (10.9) | (1258) | (26.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 2281462 | 2295466 | 2229923 | (14004) | (0.6) | 51539 | 2.3 |
| Allowance for credit losses | (22761) | (22018) | (21849) | (743) | 3.4 | (912) | 4.2 |
| Net deferred loan costs | 3093 | 3000 | 3110 | 93 | 3.1 | (17) | (0.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loans, net** | $2261794 | $2276448 | $2211184 | $(14654) | (0.6) | $50610 | 2.3% |
| **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** | **<u>Deposit Analysis</u>** |
|  | **As of** | **As of** | **As of** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** | **March 31, 2026 Change From** |
| *(Dollars in thousands)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| Noninterest-bearing demand | $388527 | $359819 | $361235 | $28708 | 8.0% | $27292 | 7.6% |
| NOW | 733674 | 770350 | 722583 | (36676) | (4.8) | 11091 | 1.5 |
| Money market | 262773 | 250062 | 266327 | 12710 | 5.1 | (3554) | (1.3) |
| Savings | 435332 | 425400 | 404495 | 9932 | 2.3 | 30837 | 7.6 |
| Certificates of deposits | 325855 | 322652 | 380191 | 3203 | 1.0 | (54336) | (14.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total deposits** | $2146160 | $2128283 | $2134831 | $17877 | 0.8% | $11329 | 0.5% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** | **Consolidated Statements of Operations QTD (Unaudited)** |
|  |  |  |  | **Three Months Ended March 31, 2026 Change** | **Three Months Ended March 31, 2026 Change** | **Three Months Ended March 31, 2026 Change** | **Three Months Ended March 31, 2026 Change** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **From Three Months Ended** | **From Three Months Ended** | **From Three Months Ended** | **From Three Months Ended** |
| *(Dollars in thousands, except per share data)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| **Interest and dividend income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $30313 | $30716 | $28183 | $(403) | (1.3)% | $2130 | 7.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities | 2544 | 2530 | 2651 | 14 | 0.6 | (107) | (4.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 742 | 512 | 215 | 230 | 44.9 | 527 | 245.1 |
| **Total interest and dividend income** | 33599 | 33758 | 31049 | (159) | (0.5) | 2550 | 8.2 |
| **Interest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 6884 | 6948 | 7731 | (64) | (0.9) | (847) | (11.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 2381 | 2849 | 3792 | (468) | (16.4) | (1411) | (37.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 352 | 352 | 315 | - | 0.0 | 37 | 11.7 |
| **Total interest expense** | 9617 | 10149 | 11838 | (532) | (5.2) | (2221) | (18.8) |
| **Net interest income** | 23982 | 23609 | 19211 | 373 | 1.6 | 4771 | 24.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision expense for credit losses - loans | 859 | 1440 | 17305 | (581) | (40.3) | (16446) | (95.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision expense (reversal) for credit losses - off-balance sheet credit exposures | 230 | (223) | 311 | 453 | (203.1) | (81) | (26.0) |
| **Total provision expense for credit losses** | 1089 | 1217 | 17616 | (128) | (10.5) | (16527) | (93.8) |
| **Net interest income, after provision expense for credit losses** | 22893 | 22392 | 1595 | 501 | 2.2 | 21298 | 1335.3 |
| **Non-interest income:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer service fees | 919 | 918 | 901 | 1 | 0.1 | 18 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss on sale of securities available for sale | - | (218) | (541) | 218 | 100.0 | 541 | (100.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing income | 1909 | 1720 | 2192 | 189 | 11.0 | (283) | (12.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income on bank-owned life insurance | 269 | 285 | 279 | (16) | (5.6) | (10) | (3.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income | 263 | 103 | 16 | 160 | 155.3 | 247 | 1543.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment commissions | 356 | 380 | 350 | (24) | (6.3) | 6 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 570 | 528 | 530 | 42 | 8.0 | 40 | 7.5 |
| **Total non-interest income** | 4286 | 3716 | 3727 | 570 | 15.3 | 559 | 15.0 |
| **Non-interest expense:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 10200 | 9476 | 11566 | 724 | 7.6 | (1366) | (11.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 1828 | 1658 | 2018 | 170 | 10.3 | (190) | (9.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 2890 | 3251 | 3378 | (361) | (11.1) | (488) | (14.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 1108 | 818 | 661 | 290 | 35.5 | 447 | 67.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing | 367 | 363 | 1043 | 4 | 1.1 | (676) | (64.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposit insurance | 343 | 217 | 632 | 126 | 58.1 | (289) | (45.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing and promotions | 206 | 408 | 265 | (202) | (49.5) | (59) | (22.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Telecommunications | 99 | 91 | 92 | 8 | 8.8 | 7 | 7.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Problem loan and foreclosed real estate, net | 198 | 245 | 112 | (47) | (19.2) | 86 | 76.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general and administrative | 1753 | 1834 | 2064 | (81) | (4.4) | (311) | (15.1) |
| **Total non-interest expense** | 18992 | 18361 | 21831 | 631 | 3.4 | (2839) | (13.0) |
| **Income (loss) before income tax expense** | 8187 | 7747 | (16509) | 440 | 5.7 | 24696 | (149.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 2191 | 2414 | (4922) | (223) | (9.2) | 7113 | (144.5) |
| **Net income (loss)** | $5996 | $5333 | $(11587) | $663 | 12.4% | $17583 | (151.7)% |
| **Share data:** |  |  |  |  |  |  |  |
| Weighted average common shares outstanding, basic | 18557 | 18537 | N/A | 20 | 0.1% | N/A | N/A |
| Weighted average common shares outstanding diluted | 18557 | 18537 | N/A | 20 | 0.1 | N/A | N/A |
| Earnings per share, basic | $0.32 | $0.29 | N/A | $0.03 | 10.3 | N/A | N/A |
| Earnings per share, diluted | $0.32 | $0.29 | N/A | $0.03 | 10.3 | N/A | N/A |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** | **Average Balances and Average Yields And Costs (Unaudited)** |
|  | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** |
|  | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| *(Dollars in thousands)* | **Average Outstanding Balance** | **Interest** | **Average Yield/Rate** | **Average Outstanding Balance** | **Interest** | **Average Yield/Rate** | **Average Outstanding Balance** | **Interest** | **Average Yield/Rate** |
| **Interest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Short-term investments | $111776 | $742 | 2.69% | $72847 | $512 | 2.79% | $37105 | $215 | 2.35% |
| Securities | 297095 | 2544 | 3.47 | 295120 | 2530 | 3.40 | 309608 | 2651 | 3.47 |
| Loans | 2288117 | 30313 | 5.37 | 2280267 | 30716 | 5.34 | 2214952 | 28183 | 5.16 |
| Total interest-earning assets | 2696988 | 33599 | 5.05 | 2648234 | 33758 | 5.06 | 2561665 | 31049 | 4.92 |
| Noninterest-earning assets | 115557 |  |  | 107874 |  |  | 105220 |  |  |
| Total assets | $2812545 |  |  | $2756108 |  |  | $2666885 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| NOW accounts | $742711 | $993 | 0.54% | $684815 | $804 | 0.47% | $690014 | $813 | 0.48% |
| Money market accounts | 260035 | 776 | 1.21 | 277852 | 898 | 1.28 | 260430 | 842 | 1.31 |
| Regular and other savings accounts | 434329 | 2279 | 2.13 | 419232 | 2278 | 2.16 | 383017 | 2098 | 2.22 |
| Certificates of deposit | 324646 | 2836 | 3.54 | 328333 | 2968 | 3.59 | 387556 | 3978 | 4.16 |
| Total interest-bearing deposits | 1761721 | 6884 | 1.58 | 1710231 | 6948 | 1.61 | 1721017 | 7731 | 1.82 |
| FHLB advances and other borrowings <sup>(1)</sup> | 231724 | 2381 | 4.17 | 259702 | 2849 | 4.35 | 339814 | 3792 | 4.53 |
| Subordinated debt | 27828 | 352 | 5.13 | 27791 | 352 | 5.03 | 27691 | 315 | 4.61 |
| Total interest-bearing liabilities | 2021273 | 9617 | 1.93 | 1997724 | 10149 | 2.02 | 2088522 | 11838 | 2.30 |
| Noninterest-bearing demand deposits | 369871 |  |  | 349454 |  |  | 336000 |  |  |
| Other noninterest-bearing liabilities | 39196 |  |  | 32301 |  |  | 45439 |  |  |
| Total liabilities | 2430340 |  |  | 2379478 |  |  | 2469961 |  |  |
| Total shareholders' equity | 382205 |  |  | 376630 |  |  | 196924 |  |  |
| Total liabilities and capital | $2812545 |  |  | $2756108 |  |  | $2666885 |  |  |
| Net interest income |  | $23982 |  |  | $23609 |  |  | $19211 |  |
| Net interest rate spread <sup>(2)</sup> |  |  | 3.12% |  |  | 3.04% |  |  | 2.62% |
| Net interest-earning assets <sup>(3)</sup> | $675715 |  |  | $650510 |  |  | $473143 |  |  |
| Total deposits | 2131592 |  |  | 2059684 |  |  | 2057017 |  |  |
| Net interest margin <sup>(4)</sup> |  |  | 3.61% |  |  | 3.54% |  |  | 3.04% |
| Cost of deposits |  |  | 1.31% |  |  | 1.35% |  |  | 1.50% |
| Average interest-earning assets to interest-bearing liabilities |  |  | 133.43% |  |  | 132.56% |  |  | 122.65% |
| (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. | (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. |
| (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of | (2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;interest-bearing liabilities. |  |  |  |  |  |  |  |  |  |
| (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. | (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. |
| (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. | (4) Net interest margin represents net interest income divided by average total interest-earning assets. |

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| | | | |
|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Asset Quality Data (Unaudited)** | **Asset Quality Data (Unaudited)** | **Asset Quality Data (Unaudited)** | **Asset Quality Data (Unaudited)** |
|  | **At or for the Quarters Ended** | **At or for the Quarters Ended** | **At or for the Quarters Ended** |
| *(Dollars in thousands)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **NonPerforming Assets** |  |  |  |
| &nbsp;&nbsp;Nonaccrual loans: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential | $977 | $720 | $446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 6041 | 6126 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | - | 6478 | 9303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | 6610 | 6884 | 2127 |
| &nbsp;&nbsp;Total nonaccrual loans | $13628 | $20208 | $11876 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned | - | - | - |
| &nbsp;&nbsp;Total nonperforming assets | $13628 | $20208 | $11876 |
| &nbsp;&nbsp;Total nonperforming assets to total loans | 0.60% | 0.88% | 0.53% |
| **Allowance for Credit Losses** |  |  |  |
| &nbsp;&nbsp;Allowance for credit losses, beginning of period | $22018 | $24284 | $21741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charged-off loans | (221) | (3790) | (17230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries on charged-off loans | 105 | 84 | 33 |
| &nbsp;&nbsp;Net loan (charge-offs) | (116) | (3706) | (17197) |
| &nbsp;&nbsp;Provision expense for credit losses | 859 | 1440 | 17305 |
| &nbsp;&nbsp;Allowance for credit losses, end of period | $22761 | $22018 | $21849 |
| &nbsp;&nbsp;Allowance for credit losses to total loans | 1.00% | 0.96% | 0.98% |
| &nbsp;&nbsp;Allowance for credit losses to nonperforming loans | 167.02 | 108.96 | 183.98 |
| **Net loans (charge-offs) recoveries** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential | $1 | $1 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | - | - | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | 75 | (2454) | (16749) |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | (154) | (1260) | (429) |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | (38) | 7 | (30) |
| &nbsp;&nbsp;Total net loan (charge-offs) | $(116) | $(3706) | $(17197) |
| &nbsp;&nbsp;Net loan (charge-offs) to average loans (annualized) | (0.02)% | (0.65)% | (3.11)% |

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| | | | |
|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Non-GAAP Reconciliation (Unaudited)** | **Non-GAAP Reconciliation (Unaudited)** | **Non-GAAP Reconciliation (Unaudited)** | **Non-GAAP Reconciliation (Unaudited)** |
|  | **As of** | **As of** | **As of** |
| *(Dollars in thousands, except per share data)* | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Tangible shareholders' equity:** |  |  |  |
| Total shareholders' equity (GAAP) | $383162 | $378994 | $186057 |
| Less: Goodwill | 11936 | 11936 | 11936 |
| Tangible shareholders' equity (non-GAAP) | $371226 | $367058 | $174121 |
| **Tangible assets:** |  |  |  |
| Total assets (GAAP) | $2807058 | $2837090 | $2706631 |
| Less: Goodwill | 11936 | 11936 | 11936 |
| Tangible assets (non-GAAP) | $2795122 | $2825154 | $2694695 |
| **Average tangible shareholders' equity:** |  |  |  |
| Average total shareholders' equity (GAAP) | $382205 | $376630 | $196924 |
| Less: Average goodwill | 11936 | 11936 | 11936 |
| Average tangible shareholders' equity (non-GAAP) | $370269 | $364694 | $184988 |
| Shareholders' equity to assets (GAAP) | 13.65% | 13.36% | 6.87% |
| Tangible shareholders' equity to tangible assets (non-GAAP) | 13.28% | 12.99% | 6.46% |
| Return on average equity (GAAP) | 6.36% | 5.66% | (24.91)% |
| Return on average tangible common equity (non-GAAP) | 6.57% | 5.85% | (25.05)% |
| Common shares outstanding, including unallocated ESOP shares | 20076 | 20076 | N/A |
| Book value per common share (GAAP) | $19.09 | $18.88 | N/A |
| Tangible book value per common share (non-GAAP) | $18.49 | $18.28 | N/A |

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