secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0000950170-21-002510
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares Q3 net income $1.8M, down from $1.9M YoY; 9-month net income $6.3M vs $1.7M
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- Net income $1.8M for Q3 2021 vs $1.9M for Q3 2020; net interest margin 3.78% vs 3.81%.
- Nine-month net income $6.3M vs $1.7M, boosted by absence of $2.8M in merger expenses from 2020.
- Total assets $790M at Sep 30, down $60.7M from Dec 31, 2020; loans decreased $27.4M to $571.2M.
- Non-performing loans increased to $6.2M from $4.9M; allowance for loan losses 1.33% of total loans.
- Jan 2021 stock offering raised $37.1M; stockholders' equity $119.7M vs $80.8M at Dec 31, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017021002510/0000950170-21-002510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017021002510/afbi-20211027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer