secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950170-23-055642
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares Q3 2023 net income $1.6M, down from $1.9M YoY; NIM 3.36%
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- Net income of $1.6M ($0.25 diluted EPS) vs $1.9M ($0.27) in Q3 2022.
- Net interest margin 3.36%, down from 4.12% YoY, reflecting 76 bps compression.
- Total assets $855M; loans $661M; deposits $709M; annualized asset growth 10.8%.
- Tangible book value per share $15.62, up from $14.57 a year ago.
- Efficiency ratio worsened to 71.78% from 67.62% in prior-year quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023055642/0000950170-23-055642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023055642/afbi-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055642

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