10-K
Annual Report
Affinity Bancshares, Inc.
AFBI
NASDAQ
CIK: 1823406
File #: 001-39914
Balance Sheet
115 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Cash and due from banks | 6,924,000 | 7,092,000 |
Interest-earning deposits in other depository institutions | 46,926,000 | 34,333,000 |
Cash and cash equivalents | 53,850,000 | 41,425,000 |
Investment securities available-for-sale | 38,759,000 | 36,502,000 |
Level 2 - Fair Value, Measurements, Recurring | 38,800,000 | 36,500,000 |
Municipal Securities - Tax Exempt | 459,000 | 433,000 |
U.S. Government Sponsored Agencies | 7,338,000 | 8,481,000 |
Collateral Pledged | 5,800,000 | 9,600,000 |
Corporate Securities | 12,985,000 | 9,006,000 |
Government Agency Mortgage-Backed Securities | 16,187,000 | 12,344,000 |
Level 2 - Estimated Fair Value | 38,759,000 | 36,502,000 |
Debt Securities excluding Mortgage-Backed Securities | 22,572,000 | — |
Municipal Securities - Taxable | 1,790,000 | 1,671,000 |
Level 2 - Carrying Amount | 38,759,000 | 36,502,000 |
U.S. Treasury Securities | — | 4,567,000 |
Investment securities held-to-maturity (estimated fair value of $27,286 net of allowance for credit losses of $45 at December 31, 2024) | 0 | 27,299,000 |
Other investments | 6,264,000 | 6,175,000 |
Loans | 742,682,000 | 714,115,000 |
Consumer Installment - Total Past Due | 259,000 | 602,000 |
Commercial and Industrial | 146,491,000 | 148,150,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) - Current | 176,454,000 | 166,510,000 |
Commercial and Industrial - Current | 145,927,000 | 148,149,000 |
Construction, Land and Acquisition & Development - Current | 72,582,000 | 67,605,000 |
Commercial and Industrial - 30 -59 Days Past Due | — | 1,000 |
Residential Mortgage - Current Period Gross Charge Offs | 17,000 | 50,000 |
Commercial (Secured by Real Estate - Owner Occupied) - Substandard | 1,878,000 | 1,996,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) | 176,580,000 | 166,662,000 |
Consumer Installment - Current Period Gross Charge Offs | 316,000 | 527,000 |
Consumer Installment - 60- 89 Days Past Due | — | 76,000 |
Consumer Installment - Substandard | 315,000 | 300,000 |
Dental Practice Loans | 194,100,000 | 185,400,000 |
Residential Mortgage - Current | 46,878,000 | 50,615,000 |
Commercial (Secured by Real Estate - Owner Occupied) - 60- 89 Days Past Due | — | 320,000 |
Residential Mortgage - Pass | 47,189,000 | 51,358,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) - Current Period Gross Charge Offs | — | 164,000 |
Commercial (Secured by Real Estate - Owner Occupied) - Total Past Due | — | 690,000 |
60- 89 Days Past Due | — | 493,000 |
Construction, Land and Acquisition & Development - Pass | 72,582,000 | 67,605,000 |
Pass | 738,000,000 | 707,787,000 |
Current | 738,422,000 | 706,831,000 |
Residential Mortgage - Special Mention | 114,000 | 212,000 |
Total Past Due | 690,000 | 2,507,000 |
Consumer Installment | 135,824,000 | 120,616,000 |
Construction, Land and Acquisition & Development - Substandard | 14,000 | 17,000 |
Residential Mortgage - 60- 89 Days Past Due | — | 97,000 |
Consumer Installment - 30 -59 Days Past Due | 259,000 | 526,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) - Pass | 175,931,000 | 165,950,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) - Substandard | 126,000 | 178,000 |
Commercial (Secured by Real Estate - Owner Occupied) - Current | 161,347,000 | 154,237,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) - Special Mention | 523,000 | 534,000 |
30 -59 Days Past Due | 690,000 | 2,014,000 |
Consumer Installment - Pass | 135,291,000 | 120,098,000 |
Commercial (Secured by Real Estate - Owner Occupied) - 30 -59 Days Past Due | — | 370,000 |
Consumer Installment - Current | 135,234,000 | 119,715,000 |
Commercial (Secured by Real Estate - Owner Occupied) - Special Mention | 267,000 | 301,000 |
Residential Mortgage - Total Past Due | 431,000 | 1,214,000 |
Commercial (Secured by Real Estate - Owner Occupied) | 163,225,000 | 156,923,000 |
Residential Mortgage | 47,966,000 | 54,142,000 |
Special Mention | 1,122,000 | 1,265,000 |
Commercial and Industrial - Total Past Due | — | 1,000 |
Residential Mortgage - Substandard | 663,000 | 2,572,000 |
Residential Mortgage - 30 -59 Days Past Due | 431,000 | 1,117,000 |
Construction, Land and Acquisition & Development | 72,596,000 | 67,622,000 |
Commercial and Industrial - Pass | 145,927,000 | 148,150,000 |
Substandard | 3,560,000 | 5,063,000 |
Residential Mortgage 1-4 Family | 47,966,000 | 54,142,000 |
Consumer Installment - Special Mention | 218,000 | 218,000 |
Commercial (Secured by Real Estate - Owner Occupied) - Pass | 161,080,000 | 154,626,000 |
Current Period Gross Charge Offs | 333,000 | 741,000 |
Commercial and Industrial - Substandard | 564,000 | — |
Less allowance for credit losses | 8,994,000 | 8,496,000 |
Unfunded Commmitments | 644,000 | 744,000 |
Commercial and Industrial | 1,495,000 | 1,753,000 |
Unallocated | 911,000 | 553,000 |
Commercial (Secured by Real Estate - Owner Occupied) | 1,152,000 | 1,082,000 |
Consumer Installment | 1,632,000 | 1,632,000 |
Residential Mortgage | 1,342,000 | 1,227,000 |
Construction, Land and Acquisition & Development | 1,204,000 | 1,134,000 |
Commercial (Secured by Real Estate - Non-owner Occupied) | 1,258,000 | 1,115,000 |
Net loans | 733,688,000 | 705,619,000 |
Premises and equipment, net | 2,836,000 | 3,261,000 |
Bank owned life insurance | 17,161,000 | 16,487,000 |
Intangible assets | 17,984,000 | 18,175,000 |
Other assets | 11,155,000 | 11,874,000 |
Parent | 2,243,000 | 1,983,000 |
Total assets | 881,697,000 | 866,817,000 |
Parent | 127,229,000 | 129,300,000 |
Liabilities and Stockholders' Equity | ||
Liabilities: | ||
Noninterest-bearing checking | 132,796,000 | 151,395,000 |
Interest-bearing checking | 82,612,000 | 73,841,000 |
Money market accounts | 157,439,000 | 148,752,000 |
Savings accounts | 96,981,000 | 76,053,000 |
Certificates of deposit | 225,177,000 | 223,440,000 |
Total deposits | 695,005,000 | 673,481,000 |
Federal Home Loan Bank advances and other borrowings | 54,000,000 | 58,815,000 |
Accrued interest payable and other liabilities | 5,673,000 | 5,406,000 |
Total liabilities | 754,678,000 | 737,702,000 |
Parent | 210,000 | 185,000 |
Stockholders' equity: | ||
Common stock (par value $0.01 per share, 40,000,000 shares authorized; 6,095,631 issued and outstanding at December 31, 2025 and 6,409,598 issued and outstanding at December 31, 2024) | 61,000 | 64,000 |
Additional paid in capital | 58,069,000 | 62,355,000 |
Unearned ESOP shares | 3,570,000 | 4,378,000 |
Retained earnings | 76,111,000 | 76,786,000 |
Accumulated other comprehensive loss | (3,652,000) | (5,712,000) |
Total stockholders' equity | 127,019,000 | 129,115,000 |
Accumulated Other Comprehensive Income (Loss) | (3,652,000) | (5,712,000) |
Additional Paid In Capital | 58,069,000 | 62,355,000 |
Unearned ESOP Shares | (3,570,000) | (4,378,000) |
Common Stock | 61,000 | 64,000 |
Retained Earnings | 76,111,000 | 76,786,000 |
Parent | 127,019,000 | 129,115,000 |
Total liabilities and stockholders' equity | 881,697,000 | 866,817,000 |
Parent | 127,229,000 | 129,300,000 |