Here are 1-2 brief analogies for Affinity Bancshares:

• It's like **Truist**, but scaled as a community bank specifically serving certain areas of Georgia.

• Imagine a traditional bank like **Bank of America** or **Wells Fargo**, but operating solely as a community bank within Georgia.

• Deposit Accounts: A suite of financial products allowing customers to safely store funds and earn interest.
  • Savings Accounts: Accounts designed for customers to save money while earning interest.
  • Checking Accounts: Accounts providing liquid access to funds for daily transactions and bill payments.
  • Certificates of Deposit (CDs): Time-bound savings products that offer a fixed interest rate for a specific duration.
  • Individual Retirement Accounts (IRAs): Tax-advantaged savings vehicles specifically designed for retirement planning.
• Loan Products: Various forms of credit extended to individuals and businesses for different purposes.
  • Commercial and Industrial (C&I) Loans: Financing provided to businesses for operational expenses, equipment, and working capital.
  • Commercial Real Estate (CRE) Loans: Loans used to finance the acquisition, development, or refinancing of commercial properties.
  • Residential Real Estate Loans: Mortgages offered for the purchase or refinancing of one-to four-family homes.
  • Construction and Land Loans: Financing for the purchase of land and the construction of new residential or commercial properties.
  • Consumer Loans: Loans provided to individuals for personal use, such as auto financing or personal lines of credit.

Affinity Bancshares (AFBI), through its subsidiary Affinity Bank, serves a broad base of customers rather than having a few major named customers. Its services are offered to both individuals and businesses. The primary categories of customers it serves are:

• Individual Consumers: This category includes individuals who utilize the bank's personal banking products such as savings accounts, checking accounts, certificates of deposit, individual retirement accounts, one- to four-family residential real estate loans, and other consumer loans.
• Businesses: This category includes small to medium-sized businesses and commercial entities that use the bank's commercial banking products. These services include commercial and industrial loans, commercial real estate loans, and construction and land loans. Businesses also maintain deposit accounts with the bank.

Edward J. Cooney, Chief Executive Officer (CEO)

Mr. Cooney was appointed Chief Executive Officer in January 2020. He has nearly 30 years of experience in the banking industry, having started his career at a CPA firm specializing in banking. Mr. Cooney formerly served as President and Director of Affinity Bank and ABB Financial, and has held roles as a chief financial officer, chief credit officer, and senior loan officer during his career. He is a Certified Public Accountant licensed in Georgia and is a former Chairman of the Community Bankers Association of Georgia Board.

Brandi C. Pajot, Senior Vice President, Chief Financial Officer (CFO), Chief Treasury, Corporate Secretary and Risk Officer

Ms. Pajot was appointed Chief Financial Officer of Affinity Bancshares, Inc. and Affinity Bank effective July 28, 2022. She served as the Bank's Chief Treasury and Risk Management Officer since March 2020 and joined the Bank in January 2020 in connection with its acquisition of legacy Affinity Bank. Ms. Pajot was the Senior Vice President and Chief Financial Officer of the legacy Affinity Bank starting in 2010, having joined that entity in 2007. She began her banking career in 2000 and has experience with community and correspondent banks. Ms. Pajot is a Certified Public Accountant licensed in the State of Georgia.

Clark N. Nelson Jr., Executive Vice President and Chief Credit Officer (CCO)

Mr. Nelson oversees the quality and risk profile of the loan portfolio for Affinity Bank. His employment agreement has been extended through September 1, 2028.

Elizabeth M. Galazka, Executive Vice President of Business Development and Commercial Lending

Ms. Galazka focuses on expanding the bank's core lending activities within the Georgia market. Her employment agreement has been extended through September 1, 2027.

Robert A. Vickers, Senior Vice President & Operations Officer

Mr. Vickers was named Chief Operations Officer of Newton Federal Bank in March 2020, having joined in January 2020 in connection with Newton Federal Bank's acquisition of Affinity Bank. Prior to this, he served as Senior Vice President and Chief Operations Officer of Affinity Bank starting in 2019, having been employed with Affinity Bank since 2008.

Here are the key risks to Affinity Bancshares (AFBI):

1. Concentration in Commercial Real Estate (CRE) and Interest Rate Risk: Affinity Bancshares has a significant portion of its loan portfolio concentrated in commercial real estate (CRE) loans, including construction and owner-occupied properties, with real estate exposure increasing to 62% when residential mortgage and construction loans are included. While its loan portfolio has shown resilience, a struggling commercial real estate market could pose a risk. Furthermore, the bank faces interest rate risk, where a decline in the Net Interest Margin (NIM)—the spread between lending and borrowing rates—could negatively impact earnings, potentially from a narrowing of rate spreads.
2. Deposit Volatility and Elevated Funding Costs: The company's profitability is highly dependent on its ability to attract and retain low-cost deposits. There is a risk of deposit volatility, and the bank is navigating persistent pressure from elevated funding costs, which could impact its earnings and growth in interest-bearing assets.
3. Modest Revenue Growth and Subdued Forward Growth Prospects: Affinity Bancshares has experienced modest revenue growth over the past three years, with a 1.1% increase. Despite recent earnings growth, there are concerns about subdued forward growth prospects and the durability of recent upturns given a longer-term annual earnings decline. This modest growth raises caution for investors regarding the company's ability to significantly expand its business.

The emergence and rapid growth of digital-only banks (neobanks) and fintech companies that offer banking and lending services primarily through online and mobile platforms. These entities provide more convenient, often lower-cost, and technologically advanced financial solutions, directly competing with traditional brick-and-mortar banks like Affinity Bancshares for deposits, loans, and customer relationships. Additionally, the increasing foray of large technology companies into financial services further intensifies this digital competition, threatening to disrupt established banking models by leveraging vast user bases and sophisticated technology.

Affinity Bancshares (NASDAQ: AFBI) is poised for future revenue growth over the next 2-3 years, driven by several key strategic initiatives and market dynamics:

1. Disciplined Loan Growth, particularly in Commercial and Construction Segments: Affinity Bancshares has demonstrated a focus on disciplined loan growth, especially within its commercial and construction loan portfolios. For the year ended December 31, 2025, total gross loans increased by $28.6 million to $742.7 million, primarily due to steady demand in construction, consumer loans, and commercial loans secured by owner-occupied real estate. This emphasis on expanding its lending activities in these areas is expected to continue driving interest income.
2. Improvement in Net Interest Margin (NIM): The company has shown an ability to improve its net interest margin. Net interest margin for the year ended December 31, 2025, increased to 3.59% from 3.54% in the prior year. This improvement was largely due to an increase in interest income from loans and interest-earning deposits, partially offset by rising deposit costs. Managing interest-bearing liabilities and optimizing loan yields are expected to further enhance NIM and, consequently, net interest income.
3. Deposit Growth to Fund Lending Activities: A key driver for a bank's revenue growth is its ability to attract and retain deposits, which in turn funds lending. Affinity Bancshares experienced an increase in total deposits by $21.5 million to $695.0 million at December 31, 2025, compared to the prior year. This growth included a significant net increase in demand deposits and an increase in certificates of deposit, which directly supports the expansion of its loan portfolio and overall revenue generation.
4. Strategic Expansion in Commercial and Industrial Lending: Following its conversion to a bank holding company structure in 2023, Affinity Bancshares has solidified its strategic focus on comprehensive banking services, including commercial and industrial (C&I) lending. The capital infusion from its initial public offering (IPO) allowed for the expansion of lending activities, particularly in commercial and consumer loans. This continued strategic emphasis on C&I lending, alongside commercial real estate, is a foundational element for future revenue growth.

Share Repurchases

• Affinity Bancshares announced stock repurchase programs, with one adopted in January 2026 authorizing the repurchase of up to 304,524 shares, representing approximately 5% of its outstanding common stock.
• In March 2025, a stock repurchase program was adopted.
• The company executed on almost all of its 2025 share repurchase program, which authorized the buyback of approximately 320,480 shares.

Share Issuance

• Approximately 6,875,643 shares of Company common stock were outstanding as a result of a stock offering and related conversion completed in January 2021.

Capital Expenditures

• Affinity Bancshares' Capital Expenditures (CapEx) % CAGR has been 0% over the last 5 years.