Welcome to our dedicated page for Affinity Bancshares SEC filings (Ticker: AFBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Affinity Bancshares, Inc. (AFBI) SEC filings page provides access to the company’s regulatory disclosures as a Maryland corporation and Nasdaq-listed bank holding company. Through its filings with the Securities and Exchange Commission, Affinity Bancshares reports detailed information about its financial condition, results of operations, capital structure, governance and material events affecting the holding company and its banking subsidiary, Affinity Bank.
Investors can review annual reports on Form 10-K and quarterly reports on Form 10-Q for comprehensive discussions of net interest income, loan and deposit composition, investment securities, asset quality, allowance for credit losses, capital ratios and risk factors. These filings complement the company’s press releases by providing full financial statements, management’s discussion and analysis and notes to the financials.
Affinity Bancshares also files current reports on Form 8-K to disclose specific material events. Recent 8-K filings have reported quarterly financial results and the extension of employment agreements with certain officers, including details on the terms and expiration dates of those agreements. Such filings help investors track changes in executive arrangements, corporate actions and other significant developments.
In addition, AFBI’s SEC filings include information related to merger and acquisition activity, such as the previously announced purchase and assumption agreement with Atlanta Postal Credit Union and Center Parc Credit Union and subsequent termination of that agreement, as described in company communications. Proxy materials and other disclosure documents associated with shareholder meetings and transaction approvals are also filed with the SEC.
On this page, AI-powered tools can summarize lengthy 10-K and 10-Q reports, highlight key changes in earnings, capital and asset quality, and surface notable items from 8-K filings. Users can also monitor real-time updates from EDGAR, review any available Form 4 insider transaction reports and better understand how Affinity Bancshares presents its banking operations, governance and strategic decisions in official regulatory documents.
Affinity Bancshares, Inc. reported stronger quarterly results and agreed to be acquired. Net income for the three months ended March 31, 2026 rose to $2.3 million from $1.8 million a year earlier, with diluted EPS increasing to $0.36 from $0.28. Loans grew to $751.8 million and deposits to $734.3 million, helping lift total assets to $924.7 million. Credit quality remained stable, with an allowance for credit losses of $8.9 million (1.18% of loans) and net charge-offs of $105,000. Liquidity improved as cash and cash equivalents climbed to $89.4 million, and the bank remained well capitalized. On March 30, 2026, the company entered a Merger Agreement under which each share will be converted into the right to receive $23.00 in cash, subject to an equity-based adjustment, with closing expected in the third quarter of 2026 pending regulatory and shareholder approvals.
Affinity Bancshares, Inc. is asking shareholders to approve a series of mergers under an Agreement and Plan of Merger dated that would result in Affinity Bancshares and Affinity Bank being combined into Fidelity Bank, a wholly owned subsidiary of Fidelity BancShares. Each outstanding share of Affinity common stock will be converted into the right to receive $23.00 in cash per share, subject to a downward adjustment tied to the Company’s adjusted stockholders’ equity relative to its February 28, 2026 benchmark. The board unanimously recommends votes FOR the merger, an advisory vote on merger-related executive compensation, and an adjournment proposal. Completion is expected in Q3 2026 and is subject to customary closing conditions and regulatory approvals including the Federal Reserve, FDIC and OCC.
Affinity Bancshares, Inc. reported stronger first quarter 2026 results, with net income of $2.3 million for the three months ended March 31, 2026, up from $1.8 million a year earlier. Diluted earnings per share rose to $0.36 from $0.28, reflecting a 24.7% increase in earnings and a 24.1% increase in diluted EPS from first quarter 2025.
Net interest income improved to $7.6 million, supported by higher loan and interest-earning deposit income, while noninterest expense declined to $5.2 million, mainly from lower salaries and benefits. Total assets reached $924.7 million, loans grew to $751.8 million, and deposits to $734.3 million. Return on assets was 1.00% and return on equity was 7.19%, with tangible book value per share increasing to $18.30.
Affinity Bancshares, Inc. filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025 to add Part III disclosures on directors, executive pay, ownership and auditor fees. The amendment does not change previously reported financial statements or other Parts I and II disclosures.
The filing details board composition, committee structure and compensation for named executive officers, including 2025 total pay of $665,294 for CEO Edward J. Cooney. It also describes employment agreements, change-in-control protections and a Supplemental Executive Retirement Plan for the CEO.
In connection with the proposed merger with Fidelity BancShares (N.C.), Inc. and The Fidelity Bank, the amendment outlines settlement and restrictive covenant agreements that provide cash payments of $1,649,250 to Mr. Cooney, $1,201,073 to Clark N. Nelson and $707,905 to Elizabeth M. Galazka, subject to release and restrictive covenants. The document further summarizes equity incentive plans, director compensation, significant shareholders and 2025 audit fees.
Affinity Bancshares, Inc. agreed to be acquired by Fidelity Bank in an all‑cash merger valuing Affinity at approximately $142.8 million. Affinity stockholders will receive $23.00 in cash per share, subject to adjustment based on adjusted stockholders’ equity at closing.
The deal, unanimously approved by both boards, is expected to close in the third quarter of 2026, pending regulatory and stockholder approvals and other customary conditions. Affinity and Fidelity also entered into director support agreements and executive settlement agreements that provide cash payments and impose post‑employment non‑compete and non‑solicitation covenants on key executives.
Affinity Bancshares, Inc., parent of Affinity Bank, reports a community- and niche-focused banking model with total assets of $881.7 million as of December 31, 2025. Loans were $742.7 million, deposits $695.0 million, and stockholders’ equity $127.0 million.
The loan book is concentrated in commercial real estate and commercial and industrial lending, with a major specialty in the dental market, which totaled $194.1 million or 26.1% of loans. Indirect automobile loans were $135.8 million, primarily purchased retail auto contracts across several Southeastern states.
Asset quality metrics remain solid, with non‑accrual loans of $3.6 million, equal to 0.48% of total loans and 0.40% of total assets. The allowance for credit losses was $9.0 million, or 1.21% of loans, covering non‑performing loans by about 252%.
Affinity Bancshares, Inc. received an updated ownership report from the Affinity Bank Employee Stock Ownership Plan Trust. The plan beneficially owns 545,613 shares of common stock, representing 8.9% of the outstanding class as of 12/31/2025.
The trust has sole voting power over 356,952 shares and shared voting power over 188,661 shares. It has sole dispositive power over all 545,613 shares and no shared dispositive power. The filing certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Affinity Bancshares, Inc. furnished a current report noting that it has released its financial results for the quarter ended December 31, 2025. The company issued a press release and supplemental financial information dated January 23, 2026, which provide details on its operations and financial condition for the period.
The press release is included as Exhibit 99.1 and the supplemental financial information as Exhibit 99.2, with both furnished to the SEC rather than filed. The report is signed on behalf of Affinity Bancshares, Inc. by Brandi Pajot, Senior Vice President and Chief Financial Officer.
Affinity Bancshares, Inc. director Shore Teak filed an initial ownership report showing a direct holding in the company’s common stock. As of 12/18/2025, the filing lists beneficial ownership of 20,000 shares of Common Stock, held directly rather than through an intermediary entity. This Form 3 does not reflect a new trade but instead establishes the director’s existing ownership position in Affinity Bancshares.
Affinity Bancshares, Inc. reported that its Board of Directors adopted a new stock repurchase program. Under this program, the company may buy back up to 304,524 shares of its common stock, which is described as approximately 5% of the current outstanding shares. The company also issued a press release about this action, which is attached as an exhibit.