# EDGAR Filing Document

**Accession Number:** 0002058758
**File Stem:** 0001193125-25-251640
**Filing Date:** 2025-10
**Character Count:** 41993
**Document Hash:** 919fff10ed24a2515a5001e0277109b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-251640.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001193125-25-251640

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251023

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**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:** 251420168

**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):** October 23, 2025<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>

Not Applicable

**(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 |

---

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 October 23, 2025, 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 three and nine months ended September 30, 2025. 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 October 23, 2025</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.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **AVIDIA BANCORP, INC.** |
| Date: | October 23, 2025 | By:  | /s/ Jonathan Nelson |
|  |  |  | Jonathan Nelson<br>Chief Financial Officer |

---

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## 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 Third Quarter 2025 Financial Results**

HUDSON, MA; October 23, 2025 – Avidia Bancorp, Inc. (the "Company") (NYSE: "AVBC"), the holding company of Avidia Bank, today reported third quarter financial results.

Concurrent with the mutual-to-stock conversion of Avidia Bank's former mutual holding company and as described in the prospectus for the Company's initial public offering ("IPO"), the Company made a $10 million, one-time donation, of 900 thousand shares of common stock at a total market value of $9.0 million and a $1.0 million cash contribution to the Avidia Bank Charitable Foundation, Inc. This contribution resulted in a net loss of $907 thousand for the third quarter of 2025, or ($0.05) per share, compared to net income of $3.9 million reported for the prior quarter.

"We are pleased with the results for our initial quarter as a publicly traded company" said Robert Cozzone, President and Chief Executive Officer. "Our core metrics are solid, and we are well positioned for the future."

**SELECTED FINANCIAL HIGHLIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net loss was $907 thousand, or ($0.05) per share, for the third quarter due to the stock and cash contribution to the Avidia Bank Charitable Foundation, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Book value per share and tangible book value per share (non-GAAP) were $18.50 and $17.91, respectively, as of September 30, 2025. See the non-GAAP reconciliation at the end of this document for further information.

**BALANCE SHEET:**

Total assets were $2.8 billion at September 30, 2025, representing a decrease of $170.9 million, or 5.8%, from June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total cash and cash equivalents decreased by $196.7 million from the second quarter, primarily due to the elevated cash balance as of June 30, 2025 related to the funds received from the IPO subscription offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Gross loans increased by $26.7 million from the second quarter to $2.27 billion, primarily from an increase in commercial real estate loans.

oLoan exposure related to office space at September 30, 2025 was $86 million or 3.8% of gross loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Deposits decreased by $363.7 million from the second quarter to $2.08 billion, primarily due to the utilization of balances associated with subscription funds related to the conversion during the third quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total shareholders' equity increased by $180.0 million from the second quarter to $371.4 million. The increase was primarily attributable to the capital raised during the Company's IPO, which was completed on July 31, 2025.

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**NET INTEREST INCOME**

Net interest income was $23.4 million for the quarter ended September 30, 2025, compared to $20.6 million for the prior quarter, an increase of $2.8 million, or 13.6%. The net interest margin expanded 24 basis points to 3.43% for the quarter from 3.19% in the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The yield on interest-earning assets increased by 4 basis points to 4.97%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The cost of interest-bearing liabilities decreased by 11 basis points to 2.06%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The cost of deposits decreased by 3 basis points to 1.33%.

**NON-INTEREST INCOME**

Noninterest income was $4.5 million for the quarter ended September 30, 2025, compared to $5.2 million for the prior quarter, representing a decrease of $720 thousand, or 13.7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Payment processing income was $1.9 million, compared to $2.1 million for the prior quarter, representing a decrease of $222 thousand primarily related to the sale of the Direct Merchant Processing Book in the second quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Other non-interest income was $999 thousand, compared to $1.6 million in the prior quarter, representing a decrease of $599 thousand, including a decrease of $274 thousand in debit card income and a decrease of $193 thousand in swap income.

**NON-INTEREST EXPENSE**

Noninterest expense was $28.4 million for the quarter ended September 30, 2025, compared to $19.8 million for the prior quarter, representing an increase of $8.6 million, or 43.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Salaries and employee benefits increased $864 thousand from the second quarter to $9.8 million, $637 thousand of which was the full nine-month expense for the Employee Stock Ownership plan that was adopted in connection with the mutual-to-stock conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Data processing decreased $743 thousand to $2.3 million. The reduction was primarily due to $460 thousand in one-time credits associated with a billing adjustment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Payment processing expense was down $406 thousand due to reduced costs associated with the Direct Merchant Processing Book, which was sold in the second quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Other general and administrative expenses increased $9.3 million, primarily due to the $10.0 million contribution to the Avidia Bank Charitable Foundation, Inc, partially offset by a reduction in other expense line items.

**INCOME TAXES**

Income tax benefit for the quarter ended September 30, 2025 was $1.0 million, compared to income tax expense of $1.2 million in the prior quarter.

**ASSET QUALITY**

The allowance for credit losses ("ACL") was $24.3 million as of September 30, 2025, or 1.07% of total loans, compared to $23.4 million, or 1.04% of total loans at June 30, 2025. The Company recorded provisions for credit losses of $1.5 million during the quarter ended September 30, 2025.

Non-performing loans totaled $17.6 million as of September 30, 2025, an increase of $6.3 million from the prior quarter, primarily from an increase of non-accruing commercial loans. Total non-accrual loans to total loans was 0.77% as of September 30, 2025, compared to 0.50% as of June 30, 2025.

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**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.

**NON-GAAP FINANCIAL MEASURES** 

This document contains certain non-GAAP financial measures in addition to results presented in accordance with 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 below. 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 report 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.

**FOWARD-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 definitive prospectus dated May 13, 2025, as filed 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 Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** | **Selected Financial Highlights (Unaudited)** |
|  | **At or for the Quarters Ended** | **At or for the Quarters Ended** | **At or for the Quarters Ended** |
| *(In thousands, except per share data)* | **Sept. 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** |
| **Earnings Data:** |  |  |  |
| Net interest income | $23432 | $20618 | $18283 |
| Total non-interest income | 4526 | 5246 | 4516 |
| Total non-interest expense | 28369 | 19763 | 17898 |
| Provision for credit losses | 1540 | 1071 | 2155 |
| (Loss) income before income tax expense | (1951) | 5030 | 2746 |
| Net (loss) income | (907) | 3872 | 2079 |
| **Per-Share Data:** |  |  |  |
| (Loss) earnings per share, basic | $(0.05) | N/A | N/A |
| (Loss) earnings per share, diluted | (0.05) | N/A | N/A |
| Book value per share | 18.50 | N/A | N/A |
| Tangible book value per share (non-GAAP) | 17.91 | N/A | N/A |
| **Performance Ratios:** |  |  |  |
| Return on average assets (annualized) | -0.13% | 0.57% | 0.31% |
| Return on average equity (annualized) | -1.14 | 8.20 | 4.18 |
| Net interest margin<sup>(1)</sup> | 3.43 | 3.19 | 2.84 |
| Cost of deposits | 1.33 | 1.36 | 1.72 |
| Yield on loans | 5.21 | 5.20 | 5.14 |
| Interest rate spread <sup>(2)</sup> | 2.91 | 2.76 | 2.31 |
| Noninterest income as a percentage of average assets | 0.64 | 0.77 | 0.68 |
| Noninterest expense as a percentage of average assets | 4.02 | 2.91 | 2.69 |
| Efficiency ratio<sup>(3)</sup> | 101.47 | 76.41 | 78.50 |
| Average interest-earning assets as a percentage of average interest-bearing liabilities | 134.52 | 124.77 | 126.75 |
| **Balance Sheet, (end of period):** |  |  |  |
| Total assets | $2787010 | $2957908 | $2673705 |
| Total earning assets | 2669662 | 2827019 | 2548053 |
| Total loans | 2274747 | 2248021 | 2180676 |
| Total deposits | 2075868 | 2439608 | 2046192 |
| Total shareholders' equity | 371400 | 191426 | 195032 |
| **Asset Quality:** |  |  |  |
| Allowance for credit losses | $24284 | $23425 | $21585 |
| Allowance for credit losses as a percentage of total loans | 1.07% | 1.04% | 0.99% |
| Allowance for credit losses as a percentage of non-performing loans | 137.79 | 207.37 | 497.33 |
| Allowance for credit losses as a percentage of non-accrual loans | 137.79 | 207.37 | 497.33 |
| Non-accrual loans as a percentage of total loans | 0.77 | 0.50 | 0.20 |
| Net (charge-offs) recoveries as a percentage of total loans | (0.11) | 0.01 | (0.20) |
| Total non-accruing assets as a percentage of total assets | 0.63 | 0.38 | 0.16 |
| Total non-performing assets as a percentage of total assets | 0.63 | 0.38 | 0.16 |
| **Capital Ratios:** |  |  |  |
| Total shareholders' equity as a percentage of total assets | 13.33% | 6.47% | 7.29% |
| Tangible shareholders' equity as a percentage of tangible assets (non-GAAP) | 12.95 | 6.09 | 6.88 |
| Total capital as a percentage of risk-weighted assets <sup>(4)</sup> | 19.89 | 11.57 | N/A |
| Tier 1 capital as a percentage of risk-weighted assets <sup>(4)</sup> | 17.42 | 9.14 | N/A |
| Common equity tier 1 capital as a percentage of risk-weighted assets <sup>(4)</sup> | 17.42 | 9.14 | N/A |
| Tier 1 capital as a percentage of average assets <sup>(4)</sup> | 13.11 | 7.24 | N/A |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Represents net interest income as a percentage of average interest-earning assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Represents noninterest expenses divided by the sum of net interest income and noninterest income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Presented as projected for September 30, 2025 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** | **Sept. 30, 2025 Change From** | **Sept. 30, 2025 Change From** | **Sept. 30, 2025 Change From** | **Sept. 30, 2025 Change From** |
| *(In thousands)* | **Sept. 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** | **June 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** | **Sept. 30, 2024** |
| **Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Cash and due from banks | $15484 | $24667 | $21272 | $(9183) | (37.2)% | $(5788) | (27.2)% |
| &nbsp;&nbsp;Short-term investments | 96384 | 283919 | 36859 | (187535) | (66.1) | 59525 | 161.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 111868 | 308586 | 58131 | (196718) | (63.7) | 53737 | 92.4 |
| &nbsp;&nbsp;Securities available for sale, at fair value | 269308 | 266249 | 283945 | 3059 | 1.1 | (14637) | (5.2) |
| &nbsp;&nbsp;Equity securities, at fair value | - | - | 11886 | - | - | (11886) | (100.0) |
| &nbsp;&nbsp;Securities held to maturity, at amortized cost | 15747 | 16747 | 16746 | (1000) | (6.0) | (999) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total securities | 285055 | 282996 | 312577 | 2059 | 0.7 | (27522) | (9) |
| &nbsp;&nbsp;Federal Home Loan Bank stock, at cost | 11731 | 12083 | 16755 | (352) | (2.9) | (5024) | (30.0) |
| &nbsp;&nbsp;Loans held for sale | 1745 | - | 1186 | 1745 | - | 559 | 47.1 |
| &nbsp;&nbsp;Total loans | 2274747 | 2248021 | 2180676 | 26726 | 1.2 | 94071 | 4.3 |
| &nbsp;&nbsp;Less: Allowance for credit losses | (24284) | (23425) | (21585) | (859) | 3.7 | (2699) | 12.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans | 2250463 | 2224596 | 2159091 | 25867 | 1.2 | 91372 | 4.2 |
| &nbsp;&nbsp;Premises and equipment, net | 29270 | 29098 | 28270 | 172 | 0.6 | 1000 | 3.5 |
| &nbsp;&nbsp;Bank-owned life insurance | 36375 | 36093 | 35269 | 282 | 0.8 | 1106 | 3.1 |
| &nbsp;&nbsp;Accrued interest receivable | 8141 | 8922 | 8838 | (781) | (8.8) | (697) | (7.9) |
| &nbsp;&nbsp;Net deferred tax asset | 10832 | 11323 | 12491 | (491) | (4.3) | (1659) | (13.3) |
| &nbsp;&nbsp;Goodwill | 11936 | 11936 | 11936 | - | - | - | - |
| &nbsp;&nbsp;Mortgage servicing rights | 3149 | 3253 | 3242 | (104) | (3.2) | (93) | (2.9) |
| &nbsp;&nbsp;Other assets | 26445 | 29022 | 25919 | (2577) | (8.9) | 526 | 2.0 |
| **Total assets** | $2787010 | $2957908 | $2673705 | $(170898) | (5.8)% | $113305 | 4.2% |
| **Liabilities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Deposits | $2075868 | $2439608 | $2046192 | $(363740) | (14.9)% | $29676 | 1.5% |
| &nbsp;&nbsp;Federal Home Loan Bank advances | 260000 | 260000 | 365000 | - | 0.0 | (105000) | (28.8) |
| &nbsp;&nbsp;Subordinated debt | 27778 | 27738 | 27642 | 40 | 0.1 | 136 | 0.5 |
| &nbsp;&nbsp;Mortgagors' escrow accounts | 3710 | 3498 | 3464 | 212 | 6.1 | 246 | 7.1 |
| &nbsp;&nbsp;Accrued expenses and other liabilities | 48254 | 35638 | 36375 | 12616 | 35.4 | 11879 | 32.7 |
| **Total liabilities** | $2415610 | $2766482 | 2478673 | $(350872) | (12.7)% | $(63063) | (2.5)% |
| **Shareholders' equity:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Common Stock | $201 | $- | $- | $201 | -% | $201 | -% |
| &nbsp;&nbsp;Additional paid-in capital | 194994 | - | - | 194994 | - | 194994 | - |
| &nbsp;&nbsp;Unallocated ESOP common stock | (16061) | - | - | (16061) | - | (16061) | - |
| &nbsp;&nbsp;Retained earnings | 206648 | 207555 | 211761 | (907) | (0.4) | (5113) | (2.4) |
| &nbsp;&nbsp;Accumulated other comprehensive loss | (14382) | (16129) | (16729) | 1747 | (10.8) | 2347 | (14.0) |
| **Total shareholders' equity** | $371400 | $191426 | 195032 | $179974 | 94.0 | $176368 | 90.4% |
| **Total liabilities and shareholders' equity** | $2787010 | $2957908 | $2673705 | $(170898) | (5.8)% | $113305 | 4.2% |

---

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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 Sept. 30, 2025 Change** | **Three Months Ended Sept. 30, 2025 Change** | **Three Months Ended Sept. 30, 2025 Change** | **Three Months Ended Sept. 30, 2025 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** |
| *(In thousands, except per share data)* | **Sept. 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** | **June 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** | **Sept. 30, 2024** |
| **Interest and dividend income:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $29727 | $28883 | $28439 | $844 | 2.9% | $1288 | 4.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities | 2567 | 2555 | 2672 | 12 | 0.5 | (105) | (3.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 1588 | 421 | 415 | 1167 | 277.2 | 1173 | 282.7 |
| **Total interest and dividend income** | 33882 | 31859 | 31526 | 2023 | 6.3 | 2356 | 7.5 |
| **Interest expense:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 7268 | 7242 | 8732 | 26 | 0.4 | (1464) | (16.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 2827 | 3647 | 4196 | (820) | (22.5) | (1369) | (32.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 355 | 352 | 315 | 3 | 0.9 | 40 | 12.7 |
| **Total interest expense** | 10450 | 11241 | 13243 | (791) | (7.0) | (2793) | (21.1) |
| **Net interest income:** | 23432 | 20618 | 18283 | 2814 | 13.6 | 5149 | 28.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision expense for credit losses - loans | 1480 | 1523 | 1785 | (43) | (2.8) | (262) | (14.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision expense (reversal) for credit losses - off-balance sheet credit exposures | 60 | (452) | 370 | 512 | (113.3) | (822) | (222.2) |
| **Net interest income, after provision expense for credit losses** | 21892 | 19547 | 16128 | 2345 | 12.0 | 5764 | 35.7 |
| **Non-interest income:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer service fees | 912 | 884 | 1095 | 28 | 3.2 | (183) | (16.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (loss) on sale of securities available for sale | - | (78) | (992) | 78 | (100.0) | 992 | (100.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net recognized gain on equity securities | - | - | 896 | - | - | (896) | (100.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing income | 1857 | 2079 | 1929 | (222) | (10.7) | (72) | (3.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income on bank-owned life insurance | 279 | 289 | 263 | (10) | (3.5) | 16 | 6.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income | 121 | 162 | 121 | (41) | (25.3) | - | 0.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment commissions | 358 | 312 | 376 | 46 | 14.7 | (18) | (4.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 999 | 1598 | 828 | (599) | (37.5) | 171 | 20.7 |
| **Total non-interest income** | 4526 | 5246 | 4516 | (720) | (13.7) | 10 | 0.2 |
| **Non-interest expense:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 9773 | 8909 | 8192 | 864 | 9.7 | 1581 | 19.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 1933 | 2042 | 1910 | (109) | (5.3) | 23 | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 2251 | 2994 | 2866 | (743) | (24.8) | (615) | (21.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 790 | 1088 | 566 | (298) | (27.4) | 224 | 39.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing | 526 | 932 | 1053 | (406) | (43.6) | (527) | (50.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposit insurance | 651 | 780 | 638 | (129) | (16.5) | 13 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advertising | 423 | 310 | 343 | 113 | 36.5 | 80 | 23.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telecommunications | 81 | 96 | 85 | (15) | (15.6) | (4) | (4.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Problem loan and foreclosed real estate, net | 179 | 194 | 105 | (15) | (7.7) | 74 | 70.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general and administrative | 11762 | 2418 | 2140 | 9344 | 386.4 | 9622 | 449.6 |
| **Total non-interest expense** | 28369 | 19763 | 17898 | 8606 | 43.5 | 10471 | 58.5 |
| **(Loss) income before income tax expense** | (1951) | 5030 | 2746 | (6981) | (138.8) | (4697) | (171.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (1044) | 1158 | 667 | (2202) | (190.2) | (1711) | (256.5) |
| **Net (loss) income** | $(907) | $3872 | $2079 | $(4779) | (123.4)% | $(2986) | (143.6)% |
| **Share data:** |  |  |  |  |  |  |  |
| Weighted average common shares outstanding, basic | 18520 | N/A | N/A | N/A | N/A | N/A | N/A |
| Weighted average common shares outstanding diluted | 18520 | N/A | N/A | N/A | N/A | N/A | N/A |
| (Loss) per share, basic | $(0.05) | N/A | N/A | N/A | N/A | N/A | N/A |
| (Loss) per share, diluted | $(0.05) | N/A | N/A | N/A | N/A | N/A | N/A |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** | **Avidia Bancorp, Inc.** |
| **Consolidated Statements of Operations YTD (Unaudited)** | **Consolidated Statements of Operations YTD (Unaudited)** | **Consolidated Statements of Operations YTD (Unaudited)** | **Consolidated Statements of Operations YTD (Unaudited)** | **Consolidated Statements of Operations YTD (Unaudited)** |
|  | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended Sept. 30, 2025 Change** | **Nine Months Ended Sept. 30, 2025 Change** |
| *(In thousands, except per share data)* | **Sept. 30, 2025** | **Sept. 30, 2024** | **From Nine Months Ended Sept. 30, 2024** | **From Nine Months Ended Sept. 30, 2024** |
| **Interest and dividend income:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $86791 | $83189 | $3602 | 4.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities | 7774 | 7625 | 149 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 2224 | 1453 | 771 | 53.1 |
| **Total interest and dividend income** | 96789 | 92267 | 4522 | 4.9 |
| **Interest expense:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 22241 | 24604 | (2363) | (9.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 10267 | 12540 | (2273) | (18.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 1021 | 945 | 76 | 8.0 |
| **Total interest expense** | 33529 | 38089 | (4560) | (12.0) |
| **Net interest income:** | 63260 | 54178 | 9082 | 16.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision expense for credit losses - loans | 20308 | 1965 | 18343 | 933.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (reversal) expense for credit losses - off-balance sheet credit exposures | (82) | 500 | (582) | (116.4) |
| **Net interest income, after provision expense for credit losses** | 43034 | 51713 | (8679) | (16.8) |
| **Non-interest income:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer service fees | 2697 | 2715 | (18) | (0.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (loss) on sale of securities available for sale | (619) | (2359) | 1740 | (73.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net recognized gain on equity securities | - | 2534 | (2534) | (100.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing income | 6129 | 5589 | 540 | 9.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income on bank-owned life insurance | 847 | 670 | 177 | 26.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income | 299 | 979 | (680) | (69.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment commissions | 1020 | 1036 | (16) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 3129 | 2696 | 433 | 16.1 |
| **Total non-interest income** | 13502 | 13860 | (358) | (2.6) |
| **Non-interest expense:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 30247 | 25500 | 4747 | 18.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 5994 | 6378 | (384) | (6.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 8623 | 7289 | 1334 | 18.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 2539 | 1820 | 719 | 39.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payment processing | 2500 | 3065 | (565) | (18.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposit insurance | 2064 | 2034 | 30 | 1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advertising | 998 | 1122 | (124) | (11.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Telecommunications | 270 | 290 | (20) | (6.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Problem loan and foreclosed real estate, net | 485 | 289 | 196 | 67.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general and administrative | 16245 | 7171 | 9074 | 126.5 |
| **Total non-interest expense** | 69965 | 54958 | 15007 | 27.3 |
| **(Loss) income before income tax expense** | (13429) | 10615 | (24044) | (226.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (4808) | 2640 | (7448) | (282.1) |
| **Net (loss) income** | $(8621) | $7975 | $(16596) | (208.1)% |
| **Share data:** |  |  |  |  |
| Weighted average common shares outstanding, basic | 18520 | N/A | N/A | N/A |
| Weighted average common shares outstanding diluted | 18520 | N/A | N/A | N/A |
| (Loss) per share, basic | $(0.47) | N/A | N/A | N/A |
| (Loss) per share, diluted | $(0.47) | N/A | 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** |
|  | **Sept. 30, 2025** | **Sept. 30, 2025** | **Sept. 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** | **Sept. 30, 2024** | **Sept. 30, 2024** |
| *(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 | $150428 | $1588 | 4.19% | $67357 | $421 | 2.51% | $42118 | $415 | 3.92% |
| Securities | 292031 | 2567 | 3.49 | 296321 | 2555 | 3.46 | 306177 | 2672 | 3.47 |
| Loans | 2264095 | 29727 | 5.21 | 2229893 | 28883 | 5.20 | 2202174 | 28439 | 5.14 |
| Total interest-earning assets | 2706554 | 33882 | 4.97 | 2593571 | 31859 | 4.93 | 2550469 | 31526 | 4.92 |
| Noninterest-earning assets | 116574 |  |  | 122176 |  |  | 111525 |  |  |
| Total assets | $2823128 |  |  | $2715747 |  |  | $2661994 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| NOW accounts | $704708 | $833 | 0.47% | $697452 | $700 | 0.40% | $595184 | $815 | 0.54% |
| Money market accounts | 274203 | 918 | 1.33 | 270969 | 848 | 1.26 | 284767 | 1056 | 1.47 |
| Regular and other savings accounts | 411941 | 2407 | 2.32 | 401215 | 2278 | 2.28 | 355220 | 2387 | 2.67 |
| Certificates of deposit | 334638 | 3110 | 3.69 | 347419 | 3416 | 3.94 | 390588 | 4474 | 4.56 |
| Total interest-bearing deposits | 1725490 | 7268 | 1.67 | 1717055 | 7242 | 1.69 | 1625759 | 8732 | 2.14 |
| FHLB advances and other borrowings <sup>(1)</sup> | 258782 | 2827 | 4.33 | 333834 | 3647 | 4.38 | 367161 | 4196 | 4.55 |
| Subordinated debt | 27753 | 355 | 5.07 | 27782 | 352 | 5.08 | 27617 | 315 | 4.54 |
| Total interest-bearing liabilities | 2012025 | 10450 | 2.06 | 2078671 | 11241 | 2.17 | 2020537 | 13243 | 2.61 |
| Noninterest-bearing demand deposits | 458900 |  |  | 415035 |  |  | 404466 |  |  |
| Other noninterest-bearing liabilities | 34777 |  |  | 33242 |  |  | 38281 |  |  |
| Total liabilities | 2505702 |  |  | 2526948 |  |  | 2463284 |  |  |
| Total shareholders' equity | 317426 |  |  | 188799 |  |  | 198710 |  |  |
| Total liabilities and shareholders' equity | $2823128 |  |  | $2715747 |  |  | $2661994 |  |  |
| Net interest income |  | $23432 |  |  | $20618 |  |  | $18283 |  |
| Net interest rate spread<sup>(2)</sup> |  |  | 2.91% |  |  | 2.76% |  |  | 2.31% |
| Net interest-earning assets <sup>(3)</sup> | $694529 |  |  | $514900 |  |  | $529932 |  |  |
| Net interest margin <sup>(4)</sup> |  |  | 3.43% |  |  | 3.19% |  |  | 2.84% |
| Cost of deposits |  |  | 1.33 |  |  | 1.36 |  |  | 1.72 |
| Average interest-earning assets to interest-bearing liabilities |  |  | 134.52% |  |  | 124.77% |  |  | 126.75% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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)* | **Sept. 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** |
| **Non-Performing Assets** |  |  |  |
| &nbsp;&nbsp;Non-accrual loans: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential | $387 | $255 | $869 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | 8930 | 8930 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | 8307 | 2111 | 3471 |
| &nbsp;&nbsp;Total non-accrual loans | $17624 | $11296 | $4340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned | - | - | - |
| &nbsp;&nbsp;Total non-performing assets | $17624 | $11296 | $4340 |
| &nbsp;&nbsp;Total non-accrual loans to total loans | 0.77% | 0.50% | 0.20% |
| &nbsp;&nbsp;Total non-performing assets to total loans | 0.77 | 0.50 | 0.20 |
| **Allowance for Credit Losses** |  |  |  |
| &nbsp;&nbsp;Allowance for credit losses, beginning of period | $23425 | $21849 | $20875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charged-off loans | (844) | (18) | (1181) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries on charged-off loans | 223 | 71 | 106 |
| &nbsp;&nbsp;Net loans charged-off | (621) | 53 | (1075) |
| &nbsp;&nbsp;Provision expense for credit losses | 1480 | 1523 | 1785 |
| &nbsp;&nbsp;Allowance for credit losses, end of period | $24284 | $23425 | $21585 |
| &nbsp;&nbsp;Allowance for credit losses to total loans | 1.07% | 1.04% | 0.99% |
| &nbsp;&nbsp;Allowance for credit losses to non-accrual loans | 137.79 | 207.37 | 497.33 |
| &nbsp;&nbsp;Allowance for credit losses to non-performing loans | 137.79 | 207.37 | 497.33 |
| **Net loans (charge-offs) recoveries** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential | $2 | $1 | $32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 135 | 25 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | (766) | 20 | (1161) |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 8 | 7 | 29 |
| &nbsp;&nbsp;Total net loan (charge-offs) recoveries | $(621) | $53 | $(1075) |
| &nbsp;&nbsp;Net loan (charge-offs) recoveries to average loans (annualized) | (0.11)% | 0.01% | (0.20)% |

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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** |
| *(In thousands, except per share data)* | **Sept. 30, 2025** | **June 30, 2025** | **Sept. 30, 2024** |
| **Tangible shareholders' equity:** |  |  |  |
| Total shareholders' equity (GAAP) | $371400 | $191426 | $195032 |
| Less: Goodwill | 11936 | 11936 | 11936 |
| Tangible shareholders' equity (non-GAAP) | $359464 | $179490 | $183096 |
| **Tangible assets:** |  |  |  |
| Total assets (GAAP) | $2787010 | $2957908 | $2673705 |
| Less: Goodwill | 11936 | 11936 | 11936 |
| Tangible assets (non-GAAP) | $2775074 | $2945972 | $2661769 |
| Shareholders' equity to assets (GAAP) | 13.33% | 6.47% | 7.29% |
| Tangible shareholders' equity to tangible assets (non-GAAP) | 12.95% | 6.09% | 6.88% |
| Common shares outstanding, including unallocated ESOP shares | 20076 | N/A | N/A |
| Book value per common share (GAAP) | $18.50 | N/A | N/A |
| Tangible book value per common share (non-GAAP) | $17.91 | N/A | N/A |

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