Avidia Bank
Hudson, MA — State Savings Bank
Active
Vitals
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Total Assets1.4B 9.0 %
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Total Deposits966.4M 8.0 %
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Total Net Loans1.1B 10.0 %
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Net Income8.8M 14.8 %
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Book Value119.9M 7.6 %
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Book Value x2239.8M 7.6 %
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Book Value x3359.7M 7.6 %
Balance Sheet Highlights
| Financial Highlights | Avidia Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 1,393,486 | 761,274 |
| Total Net Loans | 1,095,123 | 592,852 |
| Total Deposits | 966,397 | 596,855 |
| Total Equity | 119,903 | 82,059 |
| Profitability | ||
| Net Income | 8,805 | 4,648 |
| Return on Average Assets | .671 | .538 |
| Return on Average Equity | 7.552 | 4.944 |
| Net Interest Margin | 3.76 | 3.143 |
| Efficiency Ratio | 72.351 | 77.098 |
| Noninterest Income/Revenue | 14.093 | 14.538 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 113.32 | 95.714 |
| Securities/Assets | .137 | .124 |
| Total Equity/Total Assets | .086 | .108 |
| Tangible Equity/Tangible Assets | .076 | .106 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 106,908 | 80,540 |
| Tier 1 Capital | 106,908 | 80,580 |
| Tier 2 Capital | 10,875 | 5,839 |
| Total Capital | 117,783 | 86,408 |
| Total Risk Weighted Assets | 1,084,949 | 559,688 |
| Leverage Ratio | 7.9 | 10.827 |
| Common Equity Tier 1 Capital Ratio | 9.85 | 15.478 |
| Tier 1 Capital Ratio | 9.85 | 15.53 |
| Total Capital Ratio | 10.86 | 16.563 |
Timeline for Avidia Bank
42 Main Street Realty Trust
42 Main Street Realty Trust became a new subsidiary organization for Avidia Bank.
View Profile Sep 30 2008
Westborough Savings Bank
Acquisition: Avidia Bank acquired a new subsidiary, Westborough Savings Bank, 16 years
View Profile Aug 25 2007
Eli Whitney Security Corporation
Eli Whitney Security Corporation became a new subsidiary organization for Avidia Bank.
View Profile Aug 25 2007
Sonhud Corporation
Sonhud Corporation became a new subsidiary organization for Avidia Bank.
View Profile Feb 26 2000
Assabet Valley Bancorp
Assabet Valley Bancorp became a new parent organization for Avidia Bank.
View Profile Nov 01 1997
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Westborough Savings Bank | Seller | 297,124 | Acquisition | Discontinued | 8/25/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Assabet Valley Bancorp | Parent | 11/1/1997 | |
| Hudson Security Corporation | Subsidary | 6/30/2007 | |
| Eli Whitney Security Corporation | Subsidary | 8/25/2007 | |
| 42 Main Street Realty Trust | Subsidary | 9/30/2008 | |
| Hudson Security Corporation | Subsidary | 11/1/1997 | 6/29/2007 |
| Sonhud Corporation | Subsidary | 2/26/2000 | 12/9/2003 |