AVBH — what changed in the latest 10-Q
A section-by-section comparison of AVBH'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 · 2026-08-12 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −27 | ~55 | 124 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | ~1 | 5 |
| 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.
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 · 2026-08-12
Period-end loans, net of deferred fees, increased $75.7 million, or 7% annualized, compared to December 31, 2025.
● Period-end deposits increased $135.9 million, or 13% annualized, compared to December 31, 2025.
● Return on average assets was 1.20% compared to 1.00% in the second quarter of 2025. For the six months ended June 30, 2026, return on average assets was 1.33% compared to 0.98% for the same period in 2025. Excluding the expense of $2.6 million from the settlement of outstanding litigation and the …
● Net interest margin expanded to 4.26% in the second quarter of 2026, compared to 3.60% in the second quarter of 2025. For the six months ended June 30, 2026, net interest margin was 4.32% compared to 3.56% for the same period in 2025.
Net charge-offs to average loans was 0.35% compared to 0% in the second quarter of 2025. For the six months ended June 30, 2026, net charge-offs to average loans was 0.43% compared to (0.01)% for the same period in 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Return on average assets was 1.46% compared to 0.96% in the first quarter of 2025.
● Net interest margin expanded to 4.38% in the first quarter of 2026, compared to 3.52% in the first quarter of 2025.
● The efficiency ratio was 50.35% in the first quarter of 2026, compared to 62.57% in the first quarter of 2025.
● Repurchased 25,000 shares of our common stock for $693 thousand at an average price of $27.69 per share as part of our share repurchase program.
Period-end loans, net of deferred fees, increased $24.4 million, or 5% annualized, compared to December 31, 2025.
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