Affinity Bancshares Inc 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR Affinity Bancshares, Inc. Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.01 per shareAFBIThe NASDAQ Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such requirements for the past 90 days. YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐ Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES☐NO☒ As of May 6, 2026, 6,094,885 shares of the Registrant’s common stock, par value $0.01 per share, were outstanding. Affinity Bancshares, Inc.Form 10-Q Table of Contents PART I. FINANCIAL INFORMATION Item 1.Financial Statements2Consolidated Balance Sheets at March 31, 2026 (unaudited) and December 31, 20252Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 2025 (unaudited)3Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and2025 (unaudited)4Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31,2026 and 2025 (unaudited)5Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025(unaudited)6Notes to Unaudited Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk28Item 4.Controls and Procedures29 PART II. OTHER INFORMATION Item 1.Legal Proceedings30Item 1A.Risk Factors30Item 2.Unregistered Sales of Equity Securities and Use of Proceeds30Item 3.Defaults Upon Senior Securities30Item 4.Mine Safety Disclosures30Item 5.Other Information30Item 6.Exhibits30SIGNATURES31 AFFINITY BANCSHARES, INC. Consolidated Balance Sheets AFFINITY BANCSHARES, INC. Consolidated Statements of Income (unaudited) AFFINITY BANCSHARES, INC. Consolidated Statements of Comprehensive Income (unaudited) Three Months Ended March 31,20262025(In thousands)Net income$2,284$1,831Other comprehensive income (loss):Net unrealized (losses) gains on available-for-sale securities, net of taxes of ($49) and$213(148)634Total other comprehensive income (loss)(148)634Total comprehensive income$2,136$2,465 AFFINITY BANCSHARES, INC. Consolidated Statements of Changes in Stockholders’ Equity(unaudited) AFFINITY BANCSHARES, INC.Consolidated Statements of Cash Flows(unaudited) AFFINITY BANCSHARES, INC. Notes to Unaudited Consolidated Financial Statements (1)Nature of Operations Affinity Bancshares, Inc. (the “Company”) is a bank holding company, headquartered in Covington, Georgia. The Companyhas one operating subsidiary, Affinity Bank, National Association (the “Bank”, and formerly named “Affinity Bank”), anational bank, conducting banking activities primarily in Newton County, Georgia and surrounding counties and in Cobb andFulton Counties, Georgia and surrounding counties, and originating dental practice loans and indirect automobile loansthroughout the Southeastern United States. The Bank offers such customary banking services as consumer and commercialchecking accounts, savings accounts, certificates of deposit, mortgage, commercial and consumer loans, including indirectautomobile loans, money transfers and a variety of other banking services. The Company was incorporated in 2020 to be thesuccessor corporation to Community First Bancshares, Inc., a federal corporation, upon completion of the second-step mutual-to-stock conversion of Community First Bancshares, MHC, the top tier mutual holding company of Community FirstBancshares, Inc, the former mid-tier holding company for the Bank. Basis o