secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000950170-23-035186
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares Q2 net income $1.6M, down from $1.8M YoY; NIM 3.17% vs 4.06%
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- Net income $1.590M (diluted EPS $0.24) vs $1.783M ($0.27) in Q2 2022.
- Net interest margin 3.17% for Q2 2023 vs 4.06% a year earlier; efficiency ratio 71.68%.
- Total assets $876.9M (+10.8% YoY), loans $663M, deposits $731M.
- Tangible book value per share $15.47, up from $14.68 a year ago.
- Uninsured deposits 12.8% of total; cost of funds 2.17% in Q2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023035186/0000950170-23-035186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023035186/afbi-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035186

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