Condensed Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed Summary of Financial Information

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

Parent Only Condensed Balance Sheets

	December 31,		December 31,
	2022		2021
Assets
Cash in bank subsidiary	$	10,233	$	11,222
Investment in subsidiary, at underlying equity		100,314		103,188
Loan receivable - ESOP		5,292		5,446
Other assets		1,374		1,279
Total assets	$	117,213	$	121,135
Liabilities and Stockholders' Equity
Liabilities :
Other liabilities	$	110	$	167
Total liabilities		110		167
Stockholders' equity:
Total stockholders' equity		117,103		120,968
Total liabilities and stockholders' equity	$	117,213	$	121,135

Parent Only Condensed Statements of Income

	Year Ended			Year Ended
	December 31,			December 31,
	2022			2021
Interest income:
Income on ESOP loan	$	177		$	177
Total interest income		177			177
Interest expense:
Interest expense on borrowings		—			10
Total interest expense		—			10
Net interest income		177			167
Noninterest expenses:
Other noninterest expense		555			537
Loss before income taxes		(378	)		(370	)
Income tax benefit		95			227
Loss before equity in undistributed earnings of Bank		(283	)		(143	)
Equity in undistributed earnings of Bank		7,417			7,716
Net income	$	7,134		$	7,573

Parent Only Condensed Statements of Cash Flows

	Year Ended			Year Ended
	December 31,			December 31,
	2022			2021
Cash flows from operating activities:
Net income	$	7,134		$	7,573
Adjustments to reconcile net income to net cash used in operating activities
Equity in undistributed earnings of Bank		(7,417	)		(7,716	)
Other		(328	)		(311	)
Net cash used in operating activities		(611	)		(454	)
Cash flows from investing activities:
Payments from ESOP loan		331			131
Capital injection into the Bank		—			(16,267	)
Net cash provided by (used in) investing activities		331			(16,136	)
Cash flows from financing activities:
Proceeds from stock offering		—			37,108
Stock offering expenses		—			(1,699	)
Funding of ESOP		—			(2,961	)
Stock Repurchase		(5,709	)		—
Repay other borrowings		—			(5,000	)
Dividend from Bank		5,000		—
Net cash (used in) provided by financing activities		(709	)		27,448
Net change in cash and cash equivalents		(989	)		10,858
Cash and cash equivalents at beginning of period		11,222			364
Cash and cash equivalents at end of period	$	10,233		$	11,222