The bank has maintained a conservative capital structure with an equity-to-assets ratio of 14% as of 2026Q1, while total assets have remained constrained within a narrow $843.3M to $933.8M range.
| Cash & Short Term Investments | 336.55M | 71.04M | 77.93M | 98.59M | 72.52M | 160.33M | 202.26M | 51.94M | 35.2M | 0 | 24.81M | 38.15M |
| Cash & Due from Banks | 5.56M | 53.85M | 41.42M | 50.02M | 26.32M | 111.78M | 178.25M | 48.12M | 35.2M | 0 | 24.81M | 38.15M |
| Short Term Investments | 37.29M | 17.19M | 36.5M | 48.56M | 46.2M | 48.56M | 24M | 3.82M | 0 | 0 | 0 | 0 |
| Total Investments | 37.29M | 778.71M | 775.6M | 739.16M | 710.72M | 626.86M | 617.86M | 252.05M | 36.95M | 22.58M | 22.1M | 36.01M |
| Investments Growth % | -192.44% | 0.4% | 4.93% | 4% | 13.38% | 1.46% | 145.13% | 582.18% | 63.65% | 2.17% | -38.63% | - |
| Long-Term Investments | 1.5B | 761.52M | 739.09M | 690.6M | 664.52M | 578.3M | 593.85M | 248.23M | 36.95M | 22.58M | 22.1M | 36.01M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 8.01M | 10.36M | 3.01M | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 17.94M | 17.98M | 18.18M | 18.37M | 18.56M | 18.75M | 18.94M | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 17.2M | 0 | 0 | 0 | 17.23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 17.94M | 784K | 18.18M | 18.37M | 18.56M | 1.52M | 18.94M | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 2.7M | 2.84M | 3.26M | 3.8M | 4.26M | 3.78M | 8.62M | 8.51M | 9.04M | 8.78M | 4.56M | 4.26M |
| Other Assets | 0 | 28.32M | 28.36M | 31.91M | 31.43M | 18.91M | 16.6M | 7.6M | 219.13M | 229.35M | 180.49M | 147.04M |
| Total Current Assets | 42.85M | 71.04M | 77.93M | 98.59M | 72.52M | 168.34M | 212.62M | 54.95M | 40.86M | 25.21M | 25.69M | 39.03M |
| Total Non-Current Assets | 20.64M | 810.66M | 788.89M | 744.67M | 718.76M | 619.75M | 638.01M | 264.35M | 265.12M | 260.71M | 207.14M | 187.31M |
| Total Assets | 924.68M | 881.7M | 866.82M | 843.26M | 791.28M | 788.09M | 850.63M | 319.29M | 305.98M | 285.92M | 232.83M | 226.34M |
| Asset Growth % | 15.26% | 1.72% | 2.79% | 6.57% | 0.41% | -7.35% | 166.41% | 4.35% | 7.02% | 22.8% | 2.87% | - |
| Return on Assets (ROA) | 0.96% | 0.95% | 0.64% | 0.79% | 0.9% | 0.92% | 0.53% | 0.11% | 0.15% | 0.53% | 0.5% | 0.71% |
| Accounts Payable | 0 | 0 | 0 | 0 | 6.98M | 5.34M | 4.75M | 3.95M | 0 | 0 | 0 | 0 |
| Total Debt | 54M | 54M | 58.81M | 40M | 10.03M | 48.99M | 24.12M | 0 | 7.57M | 7.57M | 0 | 0 |
| Net Debt | 48.44M | 150K | 17.39M | -10.03M | -16.3M | -62.79M | -154.14M | -48.12M | -27.63M | 7.57M | -24.81M | -38.15M |
| Long-Term Debt | 44M | 54M | 58.81M | 40M | 10.03M | 48.99M | 24.12M | 0 | 7.57M | 7.57M | 0 | 0 |
| Short-Term Debt | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 741.21M | 5.67M | 5.41M | 7.3M | 0 | 0 | 100.81M | 0 | 192.23M | 177.56M | 187.75M | 182.41M |
| Total Current Liabilities | 10M | 695M | 673.48M | 674.44M | 664.15M | 618.13M | 644.91M | 242.13M | 29.8M | 25.12M | 0 | 0 |
| Total Non-Current Liabilities | 785.21M | 59.67M | 64.22M | 47.3M | 10.03M | 48.99M | 124.93M | 0 | 199.8M | 185.13M | 187.75M | 167.28M |
| Total Liabilities | 795.21M | 754.68M | 737.7M | 721.74M | 674.18M | 667.12M | 769.84M | 242.13M | 229.6M | 210.25M | 187.75M | 182.41M |
| Total Equity | 129.46M | 127.02M | 129.12M | 121.52M | 117.1M | 120.97M | 80.78M | 77.17M | 76.38M | 75.66M | 45.08M | 43.92M |
| Equity Growth % | 1.17% | -1.62% | 6.25% | 3.77% | -3.2% | 49.74% | 4.69% | 1.03% | 0.95% | 67.84% | 2.63% | - |
| Equity / Assets (Capital Ratio) | 14% | 14.41% | 14.9% | 14.41% | 14.8% | 15.35% | 9.5% | 24.17% | 24.96% | 26.46% | 19.36% | 19.41% |
| Return on Equity (ROE) | 6.95% | 6.51% | 4.34% | 5.4% | 5.99% | 7.51% | 3.91% | 0.46% | 0.59% | 2.26% | 2.6% | 3.67% |
| Book Value per Share | 20.56 | 20.09 | 19.64 | 18.53 | 17.32 | 17.41 | 11.77 | 11.22 | 12.25 | 12.13 | 7.23 | 7.04 |
| Tangible BV per Share | 17.71 | 17.24 | 16.87 | 15.73 | 14.57 | 14.71 | 9.01 | 11.22 | 12.25 | 12.13 | 7.23 | 7.04 |
| Common Stock | 61K | 61K | 64K | 64K | 66K | 69K | 69K | 77K | 75K | 75K | 0 | 0 |
| Additional Paid-in Capital | 58.32M | 58.07M | 62.35M | 61.03M | 63.13M | 68.04M | 33.63M | 33.36M | 33.08M | 33.06M | 0 | 0 |
| Retained Earnings | 78.39M | 76.11M | 76.79M | 71.34M | 65.36M | 58.22M | 50.65M | 47.56M | 46.9M | 45.48M | 45.08M | 43.92M |
| Accumulated OCI | -3.8M | -3.65M | -5.71M | -6.33M | -6.66M | -358K | 159K | 9K | -3.41M | -152K | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -1.27M | -1.27M | -668K | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Merger integration and concentration
According to reported financial statements, Affinity Bancshares' total assets have remained largely range-bound between $843.3M and $933.8M over the last ten quarters, suggesting that the bank has prioritized balance sheet stability over aggressive organic expansion in the lead-up to its announced acquisition.
The lack of meaningful asset growth indicates a strategic pivot toward capital preservation rather than market share acquisition. Investors should monitor whether this plateau reflects a deliberate de-risking strategy or an inability to source high-quality loan demand within the competitive Georgia corridor.
Based on the provided quarterly data, the bank has maintained a consistent equity-to-assets ratio of approximately 13% to 15%, which, as reported in regulatory filings, suggests a robust capital buffer that likely facilitated the recent agreement to be acquired by Atlanta Postal Credit Union.
This capital position appears sufficient to absorb potential credit volatility without necessitating external capital raises. The stability of this ratio implies that management has successfully managed its risk-weighted assets, providing a stable foundation for the transition to a private credit union structure.
As indicated by the bank's balance sheet, the investment securities portfolio has fluctuated significantly, peaking at $815.4M in 2024Q2 before declining to $37.3M by 2026Q1, which suggests that management has actively utilized these assets to manage liquidity requirements during the recent merger process.
The sharp reduction in the securities portfolio appears to be a tactical move to bolster cash reserves and satisfy potential redemption or settlement needs. This shift warrants further investigation into the realized gains or losses incurred during the liquidation of these positions, as it directly impacts the bank's final book value.
While the bank's equity-to-assets ratio appears healthy, the extreme geographic concentration in the Greater Atlanta market, as noted in corporate disclosures, suggests that the balance sheet remains highly vulnerable to localized economic downturns that could impair the underlying collateral value of the loan book.
The reliance on a single geographic corridor for both deposits and lending creates a non-obvious risk profile that standard leverage ratios may fail to capture. Investors should consider that the bank's apparent stability is contingent upon the continued economic health of the Covington and Newton County sub-markets.
Quick answers to the most common questions about buying AFBI stock.
As of 2025, Affinity Bancshares, Inc. (AFBI) had total assets of $881.7M including $71.0M in current assets.
Affinity Bancshares, Inc. (AFBI) carries total debt of $54.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Affinity Bancshares, Inc. (AFBI) has total shareholders' equity (book value) of $127.0M ($20.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Affinity Bancshares, Inc. (AFBI) reported a current ratio of 0.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.