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Private company

Affinity Bancshares, Inc.

Affinity Bancshares, Inc. is an American savings institutions company based in Covington.2

Last updated Oct 21, 2026.

Overview

  • IndustrySavings Institutions, Not Federally Chartered2
  • HeadquartersCovington, United States2
  • Incorporated inMD3
  • Business address3175 Highway 278, Covington, Ga 300143
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formNational Bank2
  • LEI2549002AEOG52GLE5B682
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address3175 Highway 278, 30014 Covington, United States2
  • Registered withGeorgia Secretary of State Corporations Division, 202111452

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These forward-looking statements are based on current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this annual report.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$8.3M in 2025+2247% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $355.0K$355.0K20192020: $3.1M$3.1M2020+770%2021: $7.6M$7.6M2021+145%2022: $7.1M$7.1M2022−6%2023: $6.4M$6.4M2023−10%2024: $5.4M$5.4M2024−16%2025: $8.3M$8.3M2025+53%
Fiscal year20192020202120222023202420252026
Interest$2.3M5$5.5M6$3.2M7$2.4M8$15.5M8
Income before tax$9.9M7$9.3M8$8.4M13$7.0M14$11.2M14
Income tax-$29.0K5$792.0K6$2.3M7$2.2M8$1.9M13$1.5M14$2.9M14
Net income$355.0K5$3.1M6$7.6M7$7.1M8$6.4M9$5.4M9$8.3M9
Earnings per share$0.416$1.107$1.078$1.0013$0.8514$1.3314
Earnings per share (diluted)$0.416$1.097$1.068$0.9813$0.8314$1.2914
Shares (weighted, basic)6.9M shares76.7M shares86.5M shares136.4M shares146.3M shares14
Shares (weighted, diluted)7.0M shares76.8M shares86.6M shares136.6M shares146.4M shares14

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Corporate structure

Affinity Bancshares, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Affinity Bancshares, Inc.

  • LEHMAN KENNETH R Filed SCHEDULE 13G/A on Affinity Bancshares, Inc., latest Aug 6, 2026 (4 filings since Feb 8, 2022)
  • AllianceBernstein Filed SCHEDULE 13G/A on Affinity Bancshares, Inc., latest May 18, 2026 (7 filings since Feb 13, 2023)
  • Affinity Bank Employee Stock Ownership Plan Trust Filed SCHEDULE 13G/A on Affinity Bancshares, Inc., latest Feb 6, 2026 (2 filings since Feb 5, 2025)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Affinity Bancshares, Inc., latest Oct 30, 2025 (2 filings since Jan 30, 2025)
  • Affinity Bancshares, Inc. Covington, Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Affinity Bancshares, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.8M14 Dec 31, 2025$10.6M14 Dec 31, 2024+1.8%
Accumulated depreciation$7.9M14 Dec 31, 2025$7.3M14 Dec 31, 2024+8.5%
Property and equipment, net$2.8M14 Dec 31, 2025$3.3M14 Dec 31, 2024−13.0%
Operating-lease assets (leased space)$709.0K14 Dec 31, 2025$1.3M14 Dec 31, 2024−44.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$53.9M14 Dec 31, 2025$41.4M14 Dec 31, 2024+30.0%
Debt securities available for sale$38.8M14 Dec 31, 2025$36.5M14 Dec 31, 2024+6.2%
Debt securities held to maturity$014 Dec 31, 2025$27.3M14 Dec 31, 2024−100.0%
Deposits held (banks)$695.0M14 Dec 31, 2025$673.5M14 Dec 31, 2024+3.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$17.2M14 Dec 31, 2025$17.2M14 Dec 31, 20240%
Finite-lived intangibles, gross$1.9M14 Dec 31, 2025$1.9M14 Dec 31, 20240%
Accumulated amortization$1.1M14 Dec 31, 2025$956.0K14 Dec 31, 2024+15.1%
Finite-lived intangibles, net$765.0K14 Dec 31, 2025$957.0K13 Dec 31, 2024−20.1%

Properties, in its own words

As of December 31, 2025, the net book value of our office properties and land was $1.9 million, and the net book value of our furniture, fixtures and equipment was $893,000. Our properties include our main office and branch office in Covington and leased

offices in Atlanta. We believe that current facilities are adequate to meet our present and foreseeable needs, subject to possible future expansion.

Item 2 of the 10-K filed Mar 20, 2026.4

Leadership

Who has led Affinity Bancshares, Inc., and when. Pick a name to see everywhere that person has worked.

President

  1. Gregory J. Proffitt2021–2022

Chief financial officer

  1. Tessa M. Nolan2021–2022
  2. Brandi C. Pajot2022–now
2025
Board members and other officers (12)

Timeline

  1. Jul 22, 20268-K Other events30
  2. Jul 17, 20268-K Other events31
  3. Jul 7, 20268-K Shareholder vote32
  4. Apr 24, 20268-K Results of operations33
  5. Mar 31, 20268-K Entered a material agreement; Executive or director change; Other events34
  6. Jan 23, 20268-K Results of operations35
  7. Jan 7, 20268-K Other events36
  8. Dec 23, 20258-K Executive or director change37
  9. Oct 24, 20258-K Results of operations38
  10. Sep 26, 20258-K Executive or director change39
  11. Jul 25, 20258-K Results of operations40
  12. May 21, 20258-K Shareholder vote41
  13. Sep 19, 2001Founded Affinity Bancshares, Inc. is founded2

Calendar

When it reported results

  1. Apr 24, 2026Reported quarterly or annual results33
  2. Jan 23, 2026Reported quarterly or annual results35
  3. Oct 24, 2025Reported quarterly or annual results38
  4. Jul 25, 2025Reported quarterly or annual results40
  5. May 1, 2025Reported quarterly or annual results42
  6. Jan 31, 2025Reported quarterly or annual results43
  7. Oct 25, 2024Reported quarterly or annual results44
  8. Jul 26, 2024Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

203 filings to the SEC since October 2021: 7 annual reports, 14 quarterly reports, 46 major events, 98 insider forms, 18 large holders, 20 other. The latest 20:

  1. Aug 17, 202615-12G EDGAR
  2. Aug 14, 2026S-8 POS EDGAR
  3. Aug 14, 2026S-8 POS EDGAR
  4. Aug 6, 20264 EDGAR
  5. Aug 6, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 6, 20264 EDGAR
  9. Aug 6, 20264 EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 6, 20264 EDGAR
  14. Aug 6, 20264 EDGAR
  15. Aug 6, 20264 EDGAR
  16. Aug 6, 20264 EDGAR
  17. Aug 6, 20264 EDGAR
  18. Aug 6, 2026SCHEDULE 13G/A EDGAR
  19. Jul 22, 20268-K CURRENT REPORT FILING EDGAR
  20. Jul 17, 20268-K CURRENT REPORT FILING EDGAR

The 203 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

51 open-market trades by officers, directors and large owners since October 2021: 39 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 25, 2025Vickers RobertChief Operations OfficerSale7,565$19.47$147.3KForm 4
Jun 9, 2025Nelson ClarkEVP and CCOSale445$18.18$8.1KForm 4
Jun 6, 2025Nelson ClarkEVP and CCOSale9,473$18.21$172.5KForm 4
Jun 2, 2025Reich Robin SDirectorBuy5,418$18.49$100.2KForm 4
Nov 20, 2024Roberts Howard GDirectorSale134$21.50$2.9KForm 4
Nov 19, 2024Roberts Howard GDirectorSale703$21.50$15.1KForm 4
Nov 15, 2024Roberts Howard GDirectorSale102$21.50$2.2KForm 4
Nov 14, 2024Roberts Howard GDirectorSale142$21.50$3.1KForm 4
Nov 13, 2024Roberts Howard GDirectorSale129$21.50$2.8KForm 4
Nov 12, 2024Roberts Howard GDirectorSale222$21.50$4.8KForm 4
Nov 8, 2024Roberts Howard GDirectorSale1,346$21.50$28.9KForm 4
Nov 7, 2024Roberts Howard GDirectorSale1,453$21.51$31.3KForm 4
Nov 6, 2024Roberts Howard GDirectorSale3,829$21.50$82.3KForm 4
Nov 20, 2023Roberts Howard GDirectorBuy400$14.48$5.8KForm 4
Aug 31, 2023Reich Robin SDirectorBuy6,000$14.86$89.2KForm 4
Aug 8, 2023Cooney Edward JohnCEOBuy1,500$14.44$21.7KForm 4
May 16, 2023Cooney Edward JohnCEOBuy1,000$12.10$12.1KForm 4
May 8, 2023Richardson Bob W.DirectorBuy2,000$12.50$25.0KForm 4
Apr 12, 2023LEHMAN KENNETH R10% ownerBuy332$14.49$4.8KForm 4
Apr 11, 2023LEHMAN KENNETH R10% ownerBuy7,088$14.49$102.7KForm 4

All 51 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Edward J. CooneyPresident & Chief Executive Officer$450.0K$660.6K50
2024Clark N. NelsonExecutive Vice President and Chief Credit Officer$315.0K$478.1K50
2024Elizabeth M. GalazkaExecutive Vice President of Lending$283.0K$399.9K50
2023Edward J. CooneyPresident & Chief Executive Officer$432.2K$706.0K50
2023Clark N. NelsonExecutive Vice President and Chief Credit Officer$275.0K$584.9K50
2023Elizabeth M. GalazkaExecutive Vice President of Lending$275.0K$486.7K50

SEC filer profile

How Affinity Bancshares, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAffinity Bancshares, Inc.1
  • CIK0001823406
  • Employer ID (EIN)82-11477784
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6036 Savings Institutions, Not Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address3175 Highway 278, Covington, GA 300141
  • Phone(770) 786-70881
  • Shares outstanding6,094,885 as of May 6, 202612
  • Public float$96.8M as of Jun 30, 20254
  • AuditorWipfli LLP, Atlanta, Georgia PCAOB ID 344; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 11, 20201
  • Filings257 in all: 4 (107), 8-K (51), 10-Q (17), 3 (16), SC 13G/A (7), 10-K (6), SCHEDULE 13G/A (6), DEF 14A (5)1
    All 31 form types

    DEFA14A (5), SC 13G (4), ARS (3), 10-K/A (2), 424B3 (2), 425 (2), CORRESP (2), DEFM14A (2), PREM14A (2), S-1/A (2), S-8 (2), S-8 POS (2), SCHEDULE 13G (2), 15-12G (1), 25-NSE (1), 4/A (1), 5 (1), 8-A12B (1), 8-K/A (1), EFFECT (1), NT 10-K (1), S-1 (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) May 8, 2026
    Proxy statement (DEF 14A) Apr 17, 2025
    Latest 8-K (8-K) Jul 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareAFBIThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

Periodically, we are involved in claims and lawsuits, such as claims to enforce liens, condemnation proceedings on properties in which we hold security interests, claims involving the making and servicing of real property loans and other issues incident to our business. We are not a party to any pending legal proceedings that we believe would have a material adverse effect on our financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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