Condensed Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2025

(17) Condensed Parent Company Only Financial Information

A condensed summary of Affinity Bancshares, Inc.’s financial information is shown.

Parent Only Condensed Balance Sheets


	December 31, 2025		December 31, 2024
	(in thousands)
Assets
Cash in bank subsidiary	$	8,270	$	5,126
Investment in subsidiary, at underlying equity		112,758		117,220
Loan receivable - ESOP		3,958		4,971
Other assets		2,243		1,983
Total assets	$	127,229	$	129,300

Liabilities and Stockholders' Equity
Liabilities:
Other liabilities	$	210	$	185
Total liabilities		210		185

Stockholders' equity:
Total stockholders' equity		127,019		129,115
Total liabilities and stockholders' equity	$	127,229	$	129,300

Parent Only Condensed Statements of Income


	Year Ended			Year Ended
	December 31, 2025			December 31, 2024
	(in thousands)
Interest income:
Income on ESOP loan	$	142		$	167
Total interest income		142			167
Net interest income		142			167
Noninterest expenses:
Other noninterest expense		307			2,020
Loss before income taxes		(165	)		(1,853	)
Income tax benefit		31			502
Loss before equity in undistributed earnings of Bank		(134	)		(1,351	)
Equity in undistributed earnings of Bank		8,466			6,792
Net income	$	8,332		$	5,441

Parent Only Condensed Statements of Cash Flows


	Year Ended			Year Ended
	December 31, 2025			December 31, 2024
	(in thousands)
Cash flows from operating activities:
Net income	$	8,332		$	5,441
Adjustments to reconcile net income to net cash used in operating activities
Equity in undistributed earnings of Bank		(8,466	)		(6,792	)
Dividend from the bank		18,000			—
Other		(1,051	)		(593	)
Net cash used in operating activities		16,815			(1,944	)
Cash flows from investing activities:
Payments from ESOP loan		1,013			331
Net cash provided by investing activities		1,013			331
Cash flows from financing activities:
Stock repurchase		(5,942	)		—
Exercise of stock options		59			—
Cash dividend		(8,801	)		—
Net cash used in financing activities		(14,684	)		—
Net change in cash and cash equivalents		3,144			(1,613	)
Cash and cash equivalents at beginning of period		5,126			6,739
Cash and cash equivalents at end of period	$	8,270		$	5,126

Affinity Bancshares, Inc. 10-K