NASDAQ : AFBI
Affinity Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 23 USD (Aug 3, 2026, 4:00 PM EDT) · Market cap 140.18M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 45.37M | 44.88M | 41.35M | 35.42M | 30.05M | 31.48M |
| Interest Income on Investments | 5.89M | 6.13M | 6.62M | 7.28M | 2.09M | 969.00K |
| Total Interest Income | 51.25M | 51.01M | 47.97M | 42.70M | 32.13M | 32.45M |
| Interest Paid on Deposits | 17.82M | 17.78M | 16.46M | 14.09M | 3.23M | 2.68M |
| Interest Paid on Borrowings | 2.07M | 2.09M | 2.35M | 1.41M | -854.00K | 497.00K |
| Total Interest Expense | 19.89M | 19.87M | 18.81M | 15.50M | 2.38M | 3.18M |
| Net Interest Income | 31.36M | 31.14M | 29.17M | 27.20M | 29.75M | 29.28M |
| Gain (Loss) on Sale of Investments | -260.00K | -260.00K | -385.00K | |||
| Other Non-Interest Income | 841.00K | 800.00K | 745.00K | 846.00K | 791.00K | 1.17M |
| Total Non-Interest Income | 2.00M | 1.92M | 1.88M | 2.47M | 2.40M | 2.68M |
| Revenues Before Loan Losses | 33.36M | 33.06M | 31.05M | 29.66M | 32.16M | 31.95M |
| Provision for Loan Losses | -25.00K | 125.00K | 438.00K | -42.00K | 704.00K | 1.07M |
| Revenue | 33.38M | 32.94M | 30.61M | 29.71M | 31.45M | 30.88M |
| Salaries and Employee Benefits | 10.66M | 10.71M | 11.59M | 10.87M | 11.21M | 9.98M |
| Selling, General & Administrative | 6.45M | 6.77M | 6.08M | 6.53M | 5.48M | 5.93M |
| Other Non-Interest Expense | 4.44M | 4.22M | 6.10M | 3.92M | 5.43M | 3.88M |
| Total Non-Interest Expense | 21.55M | 21.70M | 23.63M | 21.32M | 22.13M | 19.79M |
| EBT Excluding Unusual Items | 11.83M | 11.24M | 6.98M | 8.39M | 9.33M | 11.09M |
| Asset Writedown | -1.18M | |||||
| Pretax Income | 11.83M | 11.24M | 6.98M | 8.39M | 9.33M | 9.91M |
| Income Tax Expense | 3.04M | 2.90M | 1.54M | 1.94M | 2.19M | 2.34M |
| Net Income | 8.79M | 8.33M | 5.44M | 6.45M | 7.13M | 7.57M |
| Net Income to Common | 8.79M | 8.33M | 5.44M | 6.45M | 7.13M | 7.57M |
| Basic Shares Outstanding | 6.20M | 6.28M | 6.41M | 6.48M | 6.67M | 6.91M |
| Diluted Shares Outstanding | 6.38M | 6.45M | 6.58M | 6.56M | 6.76M | 6.97M |
| EPS (Basic) | 1.42 | 1.33 | 0.85 | 1.00 | 1.07 | 1.10 |
| EPS (Diluted) | 1.37 | 1.29 | 0.83 | 0.98 | 1.06 | 1.09 |
| Effective Tax Rate | 25.74% | 25.85% | 22.07% | 23.13% | 23.51% | 23.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 89.35M | 53.85M | 41.42M | 50.03M | 26.32M | 111.78M |
| Investment Securities | 24.53M | 25.64M | 53.72M | 68.96M | 54.64M | 27.49M |
| Mortgage-Backed Securities | 15.84M | 16.19M | 13.06M | 16.74M | 18.34M | 21.34M |
| Total Investments | 40.37M | 41.82M | 66.78M | 85.70M | 72.98M | 48.83M |
| Gross Loans | 751.76M | 743.56M | 714.93M | 660.59M | 647.28M | 585.34M |
| Allowance for Loan Losses | -8.89M | -8.99M | -8.50M | -8.92M | -9.32M | -8.56M |
| Other Adjustments to Gross Loans | -881.00K | -814.00K | -714.00K | -1.05M | -958.00K | |
| Net Loans | 742.87M | 733.69M | 705.62M | 650.96M | 636.91M | 575.83M |
| Property, Plant & Equipment | 2.70M | 3.54M | 4.53M | 5.54M | 6.47M | 3.78M |
| Goodwill | 17.14M | 17.18M | 17.23M | 17.23M | 17.23M | 17.23M |
| Other Intangible Assets | 800.00K | 800.00K | 944.00K | 1.14M | 1.33M | 1.52M |
| Accrued Interest Receivable | 2.20M | 2.30M | 2.30M | 2.10M | ||
| Other Real Estate Owned & Foreclosed | 2.85M | 2.90M | 3.54M | |||
| Other Long-Term Assets | 26.05M | 25.31M | 24.80M | 25.22M | 26.31M | 23.38M |
| Total Assets | 924.68M | 881.70M | 866.82M | 843.26M | 791.28M | 788.09M |
| Interest Bearing Deposits | 538.38M | 523.61M | 486.89M | 488.55M | 440.48M | 101.16M |
| Institutional Deposits | 44.90M | 38.60M | 35.20M | 31.20M | 26.40M | 317.70M |
| Non-Interest Bearing Deposits | 151.06M | 132.80M | 151.40M | 154.69M | 190.30M | 193.94M |
| Total Deposits | 734.34M | 695.00M | 673.48M | 674.44M | 657.17M | 612.80M |
| Short-Term Borrowings | 4.82M | 10.03M | ||||
| Current Portion of Long-Term Debt | 10.00M | 10.00M | ||||
| Current Portion of Leases | 579.00K | |||||
| Accrued Interest Payable | 6.88M | 3.35M | 2.20M | 3.04M | 1.81M | 2.48M |
| Federal Home Loan Bank Debt, Long-Term | 44.00M | 44.00M | 54.00M | 40.00M | 48.99M | |
| Long-Term Leases | 332.00K | 1.58M | 2.16M | 2.70M | ||
| Pension & Post-Retirement Benefits | 547.00K | 524.00K | 501.00K | 480.00K | 459.00K | |
| Other Long-Term Liabilities | 867.00K | 1.10M | 1.60M | 2.00M | 2.40M | |
| Total Liabilities | 795.21M | 754.68M | 737.70M | 721.74M | 674.18M | 667.12M |
| Common Stock | 61.00K | 61.00K | 64.00K | 64.00K | 66.00K | 69.00K |
| Additional Paid-In Capital | 58.32M | 58.07M | 62.35M | 61.03M | 63.13M | 68.04M |
| Retained Earnings | 78.39M | 76.11M | 76.79M | 71.34M | 65.36M | 58.22M |
| Comprehensive Income & Other | -7.31M | -7.22M | -10.09M | -10.92M | -11.45M | -5.36M |
| Shareholders' Equity | 129.46M | 127.02M | 129.12M | 121.52M | 117.10M | 120.97M |
| Total Liabilities & Equity | 924.68M | 881.70M | 866.82M | 843.26M | 791.28M | 788.09M |
| Total Debt | 54.00M | 54.91M | 60.40M | 42.16M | 12.72M | 48.99M |
| Net Cash (Debt) | 35.35M | -1.06M | -18.97M | 7.87M | 13.60M | 62.79M |
| Net Cash Per Share | 5.54 | -0.16 | -2.89 | 1.20 | 2.01 | 9.01 |
| Filing Date Shares Outstanding | 6.09M | 6.09M | 6.39M | 6.42M | 6.60M | 6.64M |
| Total Common Shares Outstanding | 6.09M | 6.10M | 6.41M | 6.42M | 6.61M | 6.87M |
| Book Value Per Share | 21.24 | 20.84 | 20.14 | 18.94 | 17.73 | 17.60 |
| Tangible Book Value | 111.53M | 109.03M | 110.94M | 103.15M | 98.55M | 102.22M |
| Tangible Book Value Per Share | 18.30 | 17.89 | 17.31 | 16.08 | 14.92 | 14.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.79M | 8.33M | 5.44M | 6.45M | 7.13M | 7.57M |
| Depreciation & Amortization | 718.00K | 720.00K | 738.00K | 735.00K | 338.00K | 674.00K |
| Gain (Loss) on Sale of Assets | 3.00K | 3.00K | -135.00K | 105.00K | -127.00K | |
| Gain (Loss) on Sale of Investments | 260.00K | 260.00K | 385.00K | |||
| Total Asset Writedown | 51.00K | 1.18M | ||||
| Provision for Credit Losses | -25.00K | 125.00K | 438.00K | -42.00K | 704.00K | 1.07M |
| Accrued Interest Receivable | 1.33M | -36.00K | 731.00K | -527.00K | -716.00K | 2.76M |
| Other Operating Activities | 2.00K | -327.00K | -239.00K | 37.00K | -67.00K | -593.00K |
| Operating Cash Flow | 14.13M | 11.64M | 6.79M | 7.87M | 7.57M | 11.85M |
| Capital Expenditures | -322.00K | -422.00K | -422.00K | -527.00K | -1.39M | -830.00K |
| Sale of Property, Plant and Equipment | 10.00K | 10.00K | ||||
| Investment in Securities | 32.59M | 27.67M | 18.93M | -13.79M | -31.37M | -26.30M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -30.45M | -28.21M | -54.73M | -13.82M | -61.49M | 15.79M |
| Other Investing Activities | -574.00K | -287.00K | 300.00K | |||
| Investing Cash Flow | 1.25M | -1.24M | -33.24M | -28.14M | -93.72M | -9.62M |
| Short-Term Debt Issued | 26.00K | 27.00K | 26.00K | 25.00K | ||
| Long-Term Debt Issued | 10.00M | 35.84M | 85.00M | 105.00M | 35.00M | |
| Total Debt Issued | 20.03M | 10.03M | 35.87M | 85.03M | 105.03M | 35.00M |
| Short-Term Debt Repaid | -26.00K | -27.00K | -51.00K | |||
| Long-Term Debt Repaid | -14.81M | -17.02M | -55.00M | -143.00M | -110.81M | |
| Total Debt Repaid | -20.03M | -14.84M | -17.05M | -55.05M | -143.00M | -110.81M |
| Net Debt Issued (Repaid) | -4.82M | 18.82M | 29.98M | -37.98M | -75.81M | |
| Issuance of Common Stock | 59.00K | 37.11M | ||||
| Repurchase of Common Stock | -4.78M | -5.94M | -3.28M | -5.71M | ||
| Common Dividends Paid | -8.80M | |||||
| Net Increase (Decrease) in Deposit Accounts | 4.04M | 21.52M | -962.00K | 17.27M | 44.38M | -25.34M |
| Other Financing Activities | -4.66M | |||||
| Financing Cash Flow | -731.00K | 2.02M | 17.85M | 43.97M | 701.00K | -68.70M |
| Net Cash Flow | 14.65M | 12.43M | -8.60M | 23.70M | -85.45M | -66.48M |
| Free Cash Flow | 13.80M | 11.22M | 6.37M | 7.34M | 6.17M | 11.02M |
| Free Cash Flow Margin | 41.35% | 34.06% | 20.81% | 24.73% | 19.63% | 35.69% |
| Free Cash Flow Per Share | 2.16 | 1.74 | 0.97 | 1.12 | 0.91 | 1.58 |
| Cash Interest Paid | 19.28M | 19.24M | 18.91M | 14.49M | 3.10M | 3.38M |
| Cash Income Tax Paid | 2.07M | 2.07M | 2.16M | 2.09M | 2.15M | 2.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 140.18M | 126.25M | 112.22M | 102.02M | 100.18M | 105.84M |
| Last Close Price | 23.00 | 20.47 | 16.18 | 14.77 | 13.96 | 14.24 |
| PE Ratio | 16.78 | 15.15 | 20.62 | 15.82 | 14.04 | 13.98 |
| PS Ratio | 4.20 | 3.83 | 3.67 | 3.43 | 3.19 | 3.43 |
| PB Ratio | 1.08 | 0.99 | 0.87 | 0.84 | 0.85 | 0.88 |
| P/FCF Ratio | 10.16 | 11.25 | 17.62 | 13.89 | 16.22 | 9.60 |
| P/OCF Ratio | 9.92 | 10.85 | 16.52 | 12.96 | 13.23 | 8.93 |
| Debt / Equity Ratio | 0.42 | 0.43 | 0.47 | 0.35 | 0.11 | 0.41 |
| Debt / FCF Ratio | 3.91 | 4.89 | 9.48 | 5.74 | 2.06 | 4.45 |
| Net Debt / Equity Ratio | -0.27 | 0.01 | 0.15 | -0.07 | -0.12 | -0.52 |
| Net Debt / FCF Ratio | -2.56 | 0.10 | 2.98 | -1.07 | -2.20 | -5.70 |
| Return on Equity (ROE) | 6.98% | 6.51% | 4.34% | 5.40% | 5.99% | 7.51% |
| Return on Assets (ROA) | 0.96% | 0.95% | 0.64% | 0.79% | 0.90% | 0.92% |
| Earnings Yield | 6.27% | 6.60% | 4.85% | 6.32% | 7.12% | 7.16% |
| FCF Yield | 9.85% | 8.88% | 5.68% | 7.20% | 6.16% | 10.41% |
| Payout Ratio | 105.63% | |||||
| Buyback Yield / Dilution | 3.01% | 1.97% | -0.28% | 3.03% | 2.98% | 7.94% |