Affinity Bancshares

Management has been disciplined: paid a one-time $1.50 special dividend in 2025, authorized repurchases of up to 5% in January 2026, and prioritized balance‑sheet cleanup by selling remaining HTM securities in Q4 2025 and paying down BTFP borrowings early 2025. These actions balanced shareholder returns with prudence given the rate backdrop.

The strategic decision to sell to Fidelity BancShares likely maximizes certainty of value for holders but ends the long‑term compounding opportunity as a standalone.