secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000950170-22-013387
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 net income $1.8M vs $2.3M YoY; net interest margin steady at 4.06%
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- Net income $1.8M in Q2 2022 vs $2.3M in Q2 2021; six-month net income $3.6M vs $4.5M.
- Net interest margin unchanged at 4.06% Q2; cost of interest-bearing liabilities down to 0.47% from 0.70%.
- Net loans increased $38.5M to $614.4M; loan-to-deposit ratio 98.1% vs 93.7% at Dec 2021.
- Repurchased 308,602 shares for $4.8M at avg $15.48/share.
- Non-performing loans flat at $7.0M; allowance for loan losses 1.44% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017022013387/0000950170-22-013387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017022013387/afbi-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013387

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