Affinity Bancshares, Inc. (AFBI) 10-Year Financial Performance & Capital Metrics

AFBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutAffinity Bancshares, Inc. operates as the holding company for Affinity Bank that provides various banking products and services. The company accepts various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts. It also offers commercial and industrial, commercial real estate, one- to four-family residential real estate, construction and land, and consumer loans. In addition, the company invests in U.S. treasury securities; securities issued by the U.S. government and its agencies, or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations; corporate and municipal bonds; certificates of deposit in other financial institutions; and federal and money market funds. It operates a main and a branch office in Covington, Georgia; a branch office in Atlanta, Georgia; and a commercial loan production office in Alpharetta, Georgia; out of an office in Monroe, Georgia. The company was founded in 1928 and is headquartered in Covington, Georgia.Show more

Net Interest Income $29M +7.2%
Total Revenue $50M +10.7%
Net Income $5M -15.6%
Return on Equity 4.34% -19.7%
Net Interest Margin 3.36% +4.3%
Efficiency Ratio 47.53% +0.7%
ROA 0.64% -19.4%
Equity / Assets 14.9% +3.4%
Book Value per Share 19.64 +6.0%
Tangible BV/Share 16.87 +7.3%
Debt/Equity 0.47 +42.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 72.6%
✓Efficient operations: 47.5% efficiency ratio
✓Well capitalized: 14.9% equity/assets
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y24.57%

3Y12.48%

TTM-

Profit (Net Income) CAGR

10Y-

5Y72.62%

3Y-10.44%

TTM34.53%

EPS CAGR

10Y-

5Y74.3%

3Y-8.68%

TTM35.29%

ROCE

10Y Avg3.54%

5Y Avg4.76%

3Y Avg5.27%

Latest3.86%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	12.69M	25.14M	29.28M	29.75M	27.2M	29.17M
NII Growth %	-	-	-	-	-	0.98%	0.16%	0.02%	-0.09%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	15M	30.63M	32.45M	32.13M	42.7M	47.97M
Interest Expense	0	0	0	0	2.31M	5.49M	3.18M	2.38M	15.5M	18.81M
Loan Loss Provision	0	0	0	0	0	2M	1.07M	704K	-42K	438K
Non-Interest Income+	11.75M	12.26M	13.63M	16.12M	1.67M	1.85M	2.68M	2.4M	2.47M	2.02M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	11.75M	12.26M	13.63M	16.12M	16.66M	32.48M	35.13M	34.54M	45.17M	49.99M
Revenue Growth %	-	0.04%	0.11%	0.18%	0.03%	0.95%	0.08%	-0.02%	0.31%	0.11%
Non-Interest Expense	6.01M	7.49M	8.8M	10.92M	14.03M	21.13M	20.97M	22.13M	21.32M	23.76M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.1M	3.52M	3.79M	3.31M	326K	3.88M	9.91M	9.33M	8.39M	6.98M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.14%	0.08%	-0.13%	-0.9%	10.9%	1.55%	-0.06%	-0.1%	-0.17%
Pretax Income+	2.49M	1.85M	2.07M	1.65M	326K	3.88M	9.91M	9.33M	8.39M	6.98M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	879K	697K	706K	1.21M	-29K	792K	2.34M	2.19M	1.94M	1.54M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-0.28%	0.18%	-0.67%	-0.21%	7.7%	1.45%	-0.06%	-0.1%	-0.16%
Net Income (Continuing)	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
EPS (Diluted)+	0.26	0.19	0.22	0.07	0.05	0.45	1.09	1.06	0.98	0.83
EPS Growth %	-	-0.27%	0.16%	-0.67%	-0.28%	7.72%	1.42%	-0.03%	-0.08%	-0.15%
EPS (Basic)	0.26	0.19	0.22	0.07	0.05	0.45	1.10	1.07	1.00	0.85
Diluted Shares Outstanding	6.24M	6.24M	6.24M	6.24M	6.88M	6.87M	6.95M	6.76M	6.56M	6.58M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	38.15M	24.81M	0	35.2M	48.12M	178.25M	111.78M	26.32M	50.02M	41.42M
Short Term Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	0
Total Investments+	36.01M	22.1M	22.58M	36.95M	252.05M	617.86M	626.86M	710.72M	739.16M	775.6M
Investments Growth %	-	-0.39%	0.02%	0.64%	5.82%	1.45%	0.01%	0.13%	0.04%	0.05%
Long-Term Investments	36.01M	22.1M	22.58M	36.95M	248.23M	593.85M	578.3M	664.52M	690.6M	775.6M
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	17.23M	0	0	0
Intangible Assets	0	0	0	0	0	18.94M	1.52M	18.56M	18.37M	18.18M
PP&E (Net)	4.26M	4.56M	8.78M	9.04M	8.51M	8.62M	3.78M	4.26M	3.8M	3.26M
Other Assets	147.04M	180.49M	229.35M	219.13M	7.6M	16.6M	18.91M	31.43M	31.91M	28.36M
Total Current Assets	39.03M	25.69M	25.21M	40.86M	54.95M	212.62M	168.34M	72.52M	98.59M	41.42M
Total Non-Current Assets	187.31M	207.14M	260.71M	265.12M	264.35M	638.01M	619.75M	718.76M	744.67M	825.39M
Total Assets+	226.34M	232.83M	285.92M	305.98M	319.29M	850.63M	788.09M	791.28M	843.26M	866.82M
Asset Growth %	-	0.03%	0.23%	0.07%	0.04%	1.66%	-0.07%	0%	0.07%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	3.95M	4.75M	5.34M	6.98M	0	0
Total Debt+	0	0	7.57M	7.57M	0	24.12M	48.99M	10.03M	40M	60.4M
Net Debt	-38.15M	-24.81M	7.57M	-27.63M	-48.12M	-154.14M	-62.79M	-16.3M	-10.03M	17.39M
Long-Term Debt	0	0	7.57M	7.57M	0	24.12M	48.99M	10.03M	40M	58.81M
Short-Term Debt	0	0	0	0	0	0	0	0	0	627K
Other Liabilities	182.41M	187.75M	177.56M	192.23M	0	100.81M	0	0	7.3M	5.41M
Total Current Liabilities	0	0	25.12M	29.8M	242.13M	644.91M	618.13M	664.15M	674.44M	673.48M
Total Non-Current Liabilities	167.28M	187.75M	185.13M	199.8M	0	124.93M	48.99M	10.03M	47.3M	64.22M
Total Liabilities	182.41M	187.75M	210.25M	229.6M	242.13M	769.84M	667.12M	674.18M	721.74M	737.7M
Total Equity+	43.92M	45.08M	75.66M	76.38M	77.17M	80.78M	120.97M	117.1M	121.52M	129.12M
Equity Growth %	-	0.03%	0.68%	0.01%	0.01%	0.05%	0.5%	-0.03%	0.04%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.03%	0.02%	0.01%	0%	0.04%	0.08%	0.06%	0.05%	0.04%
Book Value per Share	7.04	7.23	12.13	12.25	11.22	11.77	17.41	17.32	18.53	19.64
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	75K	75K	77K	69K	69K	66K	64K	64K
Additional Paid-in Capital	0	0	33.06M	33.08M	33.36M	33.63M	68.04M	63.13M	61.03M	62.35M
Retained Earnings	43.92M	45.08M	45.48M	46.9M	47.56M	50.65M	58.22M	65.36M	71.34M	76.79M
Accumulated OCI	0	0	-152K	-3.41M	9K	159K	-358K	-6.66M	-6.33M	-5.71M
Treasury Stock	0	0	0	-668K	-1.27M	-1.27M	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.87M	1.93M	3.1M	2.33M	1.64M	1.37M	11.85M	7.57M	7.87M	6.79M
Operating CF Growth %	-	-0.33%	0.61%	-0.25%	-0.3%	-0.16%	7.64%	-0.36%	0.04%	-0.14%
Net Income	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
Depreciation & Amortization	-302K	347K	444K	702K	885K	697K	674K	338K	734K	738K
Deferred Taxes	0	0	0	1.44M	145K	-73K	-227K	280K	399K	162K
Other Non-Cash Items	1.16M	329K	438K	683K	-140K	1.95M	2.03M	775K	-58K	691K
Working Capital Changes	92K	130K	616K	-1.42M	113K	-4.59M	1.39M	-1.65M	-742K	-1.38M
Cash from Investing+	4.06M	-19.74M	-35.9M	-26.69M	-1.38M	-110.38M	-9.62M	-93.72M	-28.14M	-33.24M
Purchase of Investments	-2M	0	-15.12M	-10.32M	-232K	-15.29M	-30.79M	-38.23M	-19.98M	-741K
Sale/Maturity of Investments	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-22.75M	0	0	0	0
Other Investing	4.79M	-19.36M	-23.82M	-10.49M	-20.26M	-83.7M	17.51M	-60.96M	-13.82M	-51.75M
Cash from Financing+	-2.58M	5.01M	43.05M	29.1M	10.83M	239.15M	-68.7M	701K	43.97M	17.85M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	-668K	-600K	0	0	-5.71M	-3.28M	0
Stock Issued	0	0	33.09M	0	0	0	37.11M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K
Other Financing	-2.58M	5.01M	9.96M	21.77M	19M	148.34M	-30M	44.41M	17.27M	-962K
Net Change in Cash+	4.35M	-12.8M	10.25M	4.85M	11.09M	130.14M	-66.48M	-85.45M	23.7M	-8.6M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	34.14M	38.49M	25.69M	35.94M	37.03M	48.12M	178.25M	111.78M	26.32M	50.03M
Cash at End	38.49M	25.69M	35.94M	40.8M	48.12M	178.25M	111.78M	26.32M	50.02M	41.42M
Interest Paid	0	0	0	0	2.26M	5.25M	3.38M	3.1M	14.49M	18.91M
Income Taxes Paid	0	0	0	0	90K	590K	2.52M	2.15M	2.09M	2.16M
Free Cash Flow+	2.64M	1.54M	-1.24M	-5.96M	1.26M	920K	11.02M	6.17M	7.34M	6.37M
FCF Growth %	-	-0.41%	-1.8%	-3.82%	1.21%	-0.27%	10.98%	-0.44%	0.19%	-0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.67%	2.6%	2.26%	0.59%	0.46%	3.91%	7.51%	5.99%	5.4%	4.34%
Return on Assets (ROA)	0.71%	0.5%	0.53%	0.15%	0.11%	0.53%	0.92%	0.9%	0.79%	0.64%
Net Interest Margin	0%	0%	0%	0%	3.97%	2.96%	3.71%	3.76%	3.23%	3.36%
Efficiency Ratio	51.15%	61.11%	64.58%	67.75%	84.17%	65.05%	59.69%	64.07%	47.2%	47.53%
Equity / Assets	19.41%	19.36%	26.46%	24.96%	24.17%	9.5%	15.35%	14.8%	14.41%	14.9%
Book Value / Share	7.04	7.23	12.13	12.25	11.22	11.77	17.41	17.32	18.53	19.64
NII Growth	-	-	-	-	-	98.2%	16.44%	1.64%	-8.59%	7.24%

Frequently Asked Questions

Valuation & Price

Affinity Bancshares, Inc. (AFBI) has a price-to-earnings (P/E) ratio of 24.5x. This is roughly in line with market averages.

Growth & Financials

Affinity Bancshares, Inc. (AFBI) grew revenue by 10.7% over the past year. This is steady growth.

Yes, Affinity Bancshares, Inc. (AFBI) is profitable, generating $7.5M in net income for fiscal year 2024 (10.9% net margin).

Dividend & Returns

Affinity Bancshares, Inc. (AFBI) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.

Industry Metrics

Affinity Bancshares, Inc. (AFBI) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

Affinity Bancshares, Inc. (AFBI) has an efficiency ratio of 47.5%. This is excellent, indicating strong cost control.

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Affinity Bancshares, Inc. (AFBI) 10-Year Financial Performance & Capital Metrics

AFBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

Net Interest Income $29M +7.2%
Total Revenue $50M +10.7%
Net Income $5M -15.6%
Return on Equity 4.34% -19.7%
Net Interest Margin 3.36% +4.3%
Efficiency Ratio 47.53% +0.7%
ROA 0.64% -19.4%
Equity / Assets 14.9% +3.4%
Book Value per Share 19.64 +6.0%
Tangible BV/Share 16.87 +7.3%
Debt/Equity 0.47 +42.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 72.6%
✓Efficient operations: 47.5% efficiency ratio
✓Well capitalized: 14.9% equity/assets
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y24.57%

3Y12.48%

TTM-

Profit (Net Income) CAGR

10Y-

5Y72.62%

3Y-10.44%

TTM34.53%

EPS CAGR

10Y-

5Y74.3%

3Y-8.68%

TTM35.29%

ROCE

10Y Avg3.54%

5Y Avg4.76%

3Y Avg5.27%

Latest3.86%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	12.69M	25.14M	29.28M	29.75M	27.2M	29.17M
NII Growth %	-	-	-	-	-	0.98%	0.16%	0.02%	-0.09%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	15M	30.63M	32.45M	32.13M	42.7M	47.97M
Interest Expense	0	0	0	0	2.31M	5.49M	3.18M	2.38M	15.5M	18.81M
Loan Loss Provision	0	0	0	0	0	2M	1.07M	704K	-42K	438K
Non-Interest Income+	11.75M	12.26M	13.63M	16.12M	1.67M	1.85M	2.68M	2.4M	2.47M	2.02M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	11.75M	12.26M	13.63M	16.12M	16.66M	32.48M	35.13M	34.54M	45.17M	49.99M
Revenue Growth %	-	0.04%	0.11%	0.18%	0.03%	0.95%	0.08%	-0.02%	0.31%	0.11%
Non-Interest Expense	6.01M	7.49M	8.8M	10.92M	14.03M	21.13M	20.97M	22.13M	21.32M	23.76M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.1M	3.52M	3.79M	3.31M	326K	3.88M	9.91M	9.33M	8.39M	6.98M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.14%	0.08%	-0.13%	-0.9%	10.9%	1.55%	-0.06%	-0.1%	-0.17%
Pretax Income+	2.49M	1.85M	2.07M	1.65M	326K	3.88M	9.91M	9.33M	8.39M	6.98M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	879K	697K	706K	1.21M	-29K	792K	2.34M	2.19M	1.94M	1.54M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	-0.28%	0.18%	-0.67%	-0.21%	7.7%	1.45%	-0.06%	-0.1%	-0.16%
Net Income (Continuing)	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
EPS (Diluted)+	0.26	0.19	0.22	0.07	0.05	0.45	1.09	1.06	0.98	0.83
EPS Growth %	-	-0.27%	0.16%	-0.67%	-0.28%	7.72%	1.42%	-0.03%	-0.08%	-0.15%
EPS (Basic)	0.26	0.19	0.22	0.07	0.05	0.45	1.10	1.07	1.00	0.85
Diluted Shares Outstanding	6.24M	6.24M	6.24M	6.24M	6.88M	6.87M	6.95M	6.76M	6.56M	6.58M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	38.15M	24.81M	0	35.2M	48.12M	178.25M	111.78M	26.32M	50.02M	41.42M
Short Term Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	0
Total Investments+	36.01M	22.1M	22.58M	36.95M	252.05M	617.86M	626.86M	710.72M	739.16M	775.6M
Investments Growth %	-	-0.39%	0.02%	0.64%	5.82%	1.45%	0.01%	0.13%	0.04%	0.05%
Long-Term Investments	36.01M	22.1M	22.58M	36.95M	248.23M	593.85M	578.3M	664.52M	690.6M	775.6M
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	17.23M	0	0	0
Intangible Assets	0	0	0	0	0	18.94M	1.52M	18.56M	18.37M	18.18M
PP&E (Net)	4.26M	4.56M	8.78M	9.04M	8.51M	8.62M	3.78M	4.26M	3.8M	3.26M
Other Assets	147.04M	180.49M	229.35M	219.13M	7.6M	16.6M	18.91M	31.43M	31.91M	28.36M
Total Current Assets	39.03M	25.69M	25.21M	40.86M	54.95M	212.62M	168.34M	72.52M	98.59M	41.42M
Total Non-Current Assets	187.31M	207.14M	260.71M	265.12M	264.35M	638.01M	619.75M	718.76M	744.67M	825.39M
Total Assets+	226.34M	232.83M	285.92M	305.98M	319.29M	850.63M	788.09M	791.28M	843.26M	866.82M
Asset Growth %	-	0.03%	0.23%	0.07%	0.04%	1.66%	-0.07%	0%	0.07%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	3.95M	4.75M	5.34M	6.98M	0	0
Total Debt+	0	0	7.57M	7.57M	0	24.12M	48.99M	10.03M	40M	60.4M
Net Debt	-38.15M	-24.81M	7.57M	-27.63M	-48.12M	-154.14M	-62.79M	-16.3M	-10.03M	17.39M
Long-Term Debt	0	0	7.57M	7.57M	0	24.12M	48.99M	10.03M	40M	58.81M
Short-Term Debt	0	0	0	0	0	0	0	0	0	627K
Other Liabilities	182.41M	187.75M	177.56M	192.23M	0	100.81M	0	0	7.3M	5.41M
Total Current Liabilities	0	0	25.12M	29.8M	242.13M	644.91M	618.13M	664.15M	674.44M	673.48M
Total Non-Current Liabilities	167.28M	187.75M	185.13M	199.8M	0	124.93M	48.99M	10.03M	47.3M	64.22M
Total Liabilities	182.41M	187.75M	210.25M	229.6M	242.13M	769.84M	667.12M	674.18M	721.74M	737.7M
Total Equity+	43.92M	45.08M	75.66M	76.38M	77.17M	80.78M	120.97M	117.1M	121.52M	129.12M
Equity Growth %	-	0.03%	0.68%	0.01%	0.01%	0.05%	0.5%	-0.03%	0.04%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.03%	0.02%	0.01%	0%	0.04%	0.08%	0.06%	0.05%	0.04%
Book Value per Share	7.04	7.23	12.13	12.25	11.22	11.77	17.41	17.32	18.53	19.64
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	75K	75K	77K	69K	69K	66K	64K	64K
Additional Paid-in Capital	0	0	33.06M	33.08M	33.36M	33.63M	68.04M	63.13M	61.03M	62.35M
Retained Earnings	43.92M	45.08M	45.48M	46.9M	47.56M	50.65M	58.22M	65.36M	71.34M	76.79M
Accumulated OCI	0	0	-152K	-3.41M	9K	159K	-358K	-6.66M	-6.33M	-5.71M
Treasury Stock	0	0	0	-668K	-1.27M	-1.27M	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.87M	1.93M	3.1M	2.33M	1.64M	1.37M	11.85M	7.57M	7.87M	6.79M
Operating CF Growth %	-	-0.33%	0.61%	-0.25%	-0.3%	-0.16%	7.64%	-0.36%	0.04%	-0.14%
Net Income	1.61M	1.16M	1.36M	449K	355K	3.09M	7.57M	7.13M	6.45M	5.44M
Depreciation & Amortization	-302K	347K	444K	702K	885K	697K	674K	338K	734K	738K
Deferred Taxes	0	0	0	1.44M	145K	-73K	-227K	280K	399K	162K
Other Non-Cash Items	1.16M	329K	438K	683K	-140K	1.95M	2.03M	775K	-58K	691K
Working Capital Changes	92K	130K	616K	-1.42M	113K	-4.59M	1.39M	-1.65M	-742K	-1.38M
Cash from Investing+	4.06M	-19.74M	-35.9M	-26.69M	-1.38M	-110.38M	-9.62M	-93.72M	-28.14M	-33.24M
Purchase of Investments	-2M	0	-15.12M	-10.32M	-232K	-15.29M	-30.79M	-38.23M	-19.98M	-741K
Sale/Maturity of Investments	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-22.75M	0	0	0	0
Other Investing	4.79M	-19.36M	-23.82M	-10.49M	-20.26M	-83.7M	17.51M	-60.96M	-13.82M	-51.75M
Cash from Financing+	-2.58M	5.01M	43.05M	29.1M	10.83M	239.15M	-68.7M	701K	43.97M	17.85M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	-668K	-600K	0	0	-5.71M	-3.28M	0
Stock Issued	0	0	33.09M	0	0	0	37.11M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K
Other Financing	-2.58M	5.01M	9.96M	21.77M	19M	148.34M	-30M	44.41M	17.27M	-962K
Net Change in Cash+	4.35M	-12.8M	10.25M	4.85M	11.09M	130.14M	-66.48M	-85.45M	23.7M	-8.6M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	34.14M	38.49M	25.69M	35.94M	37.03M	48.12M	178.25M	111.78M	26.32M	50.03M
Cash at End	38.49M	25.69M	35.94M	40.8M	48.12M	178.25M	111.78M	26.32M	50.02M	41.42M
Interest Paid	0	0	0	0	2.26M	5.25M	3.38M	3.1M	14.49M	18.91M
Income Taxes Paid	0	0	0	0	90K	590K	2.52M	2.15M	2.09M	2.16M
Free Cash Flow+	2.64M	1.54M	-1.24M	-5.96M	1.26M	920K	11.02M	6.17M	7.34M	6.37M
FCF Growth %	-	-0.41%	-1.8%	-3.82%	1.21%	-0.27%	10.98%	-0.44%	0.19%	-0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.67%	2.6%	2.26%	0.59%	0.46%	3.91%	7.51%	5.99%	5.4%	4.34%
Return on Assets (ROA)	0.71%	0.5%	0.53%	0.15%	0.11%	0.53%	0.92%	0.9%	0.79%	0.64%
Net Interest Margin	0%	0%	0%	0%	3.97%	2.96%	3.71%	3.76%	3.23%	3.36%
Efficiency Ratio	51.15%	61.11%	64.58%	67.75%	84.17%	65.05%	59.69%	64.07%	47.2%	47.53%
Equity / Assets	19.41%	19.36%	26.46%	24.96%	24.17%	9.5%	15.35%	14.8%	14.41%	14.9%
Book Value / Share	7.04	7.23	12.13	12.25	11.22	11.77	17.41	17.32	18.53	19.64
NII Growth	-	-	-	-	-	98.2%	16.44%	1.64%	-8.59%	7.24%

Frequently Asked Questions

Valuation & Price

Affinity Bancshares, Inc. (AFBI) has a price-to-earnings (P/E) ratio of 24.5x. This is roughly in line with market averages.

Growth & Financials

Affinity Bancshares, Inc. (AFBI) grew revenue by 10.7% over the past year. This is steady growth.

Yes, Affinity Bancshares, Inc. (AFBI) is profitable, generating $7.5M in net income for fiscal year 2024 (10.9% net margin).

Dividend & Returns

Affinity Bancshares, Inc. (AFBI) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.

Industry Metrics

Affinity Bancshares, Inc. (AFBI) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

Affinity Bancshares, Inc. (AFBI) has an efficiency ratio of 47.5%. This is excellent, indicating strong cost control.