secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950170-24-049211
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares Q1 net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) YoY
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- Net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) in Q1 2023.
- Net interest margin fell to 3.38% from 3.58% YoY; efficiency ratio 75.96% vs 69.73%.
- Total assets $869.5M, loans $674.5M, deposits $687.4M.
- Tangible book value per share $16.36, up from $15.20 YoY.
- Uninsured deposits ~15.6%; cost of funds 2.42% in Q1 2024 vs 2.36% in Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017024049211/0000950170-24-049211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017024049211/afbi-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-049211

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