AVBC — what changed in the latest 10-Q
A section-by-section comparison of AVBC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-14 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +45 | −44 | ~12 | 57 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-14
The following summary data is based in part on the Consolidated Financial Statements and accompanying notes, and other schedules appearing elsewhere in this Form 10-Q. Historical data is also based in part on, and should be read in conjunction with, prior filings with the SEC.
Average interest-earning assets as a percentage of average interest-bearing liabilities
Allowance for credit losses as a percentage of nonperforming loans
Net (charge-offs) recoveries as a percentage of average loans (annualized)
Tangible shareholders' equity as a percentage of tangible assets (non-GAAP)(1)
Text removed vs the prior filing · source: 10-Q · 2025-11-14
Comparison of Financial Condition at September 30, 2025 and December 31, 2024
Total Assets. Total assets increased $130.5 million, or 4.9%, to $2.79 billion at September 30, 2025 from $2.66 billion at December 31, 2024. The increase was primarily the result of increases in cash and cash equivalents and net loans.
Cash and Cash Equivalents. Cash and short-term investments increased $49.4 million, or 79.1%, to $111.9 million at September 30, 2025 from $62.4 million at December 31, 2024. The increase was primarily related to the funds received from the IPO subscription offering.
Securities Available for Sale. Securities available for sale increased $3.4 million, or 1.3%, to $269.3 million at September 30, 2025 from $265.9 million at December 31, 2024. The increase was primarily due to purchases of $44.1 million and unrealized losses decreasing $9.6 million, offset by princi…
Federal Home Loan Bank Stock. Federal Home Loan Bank stock decreased $3.0 million, or 20.4%, to $11.7 million at September 30, 2025 from $14.7 million at December 31, 2024. The amount of stock we are required to own is in proportion to our Federal Home Loan Bank borrowings and our total assets.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice