Affinity Bancshares, Inc. announced net income of $2.2 million for the three months ended June 30, 2025, more than doubling the $1.0 million reported for the same period in 2024. Diluted earnings per share for Q2 2025 reached $0.33, up from $0.16 in Q2 2024.
Net interest income before provision for credit losses increased to $7.778 million in Q2 2025 from $7.568 million in Q2 2024. The net interest margin for the quarter was 3.57%, compared to 3.71% in the prior year period.
Total assets expanded to $933.799 million at June 30, 2025, from $866.817 million at December 31, 2024. Gross loans grew by $17.0 million to $731.135 million from December 31, 2024, and total deposits increased by $75.9 million to $749.338 million over the same period.
Noninterest expenses decreased to $5.467 million in Q2 2025 from $6.719 million in Q2 2024, contributing to improved efficiency. The provision for credit losses was $17,000 in Q2 2025, a significant reduction from $213,000 in Q2 2024.
Asset quality metrics remained solid, with non-performing loans dropping to $4.6 million as of June 30, 2025. Net loan charge-offs were minimal at $79,000 for the six months ended June 30, 2025, and the allowance for credit losses stood at 1.17% of total loans, with coverage of non-performing loans rising to 187.1%.
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