AFBI — what changed in the latest 10-Q
A section-by-section comparison of AFBI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-11-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −31 | ~20 | 46 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
On March 30, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, the Bank, Fidelity BancShares (N.C.), Inc. (“Fidelity BancShares”), The Fidelity Bank (“Fidelity Bank”), and TFB Merger Subsidiary, Inc. (“Merger Subsidiary”), pursuant to …
statements regarding our proposed merger with Fidelity BancShares and Fidelity Bank.
Stockholders’ equity increased by $2.4 million, or 1.9% to $129.5 million at March 31, 2026 compared to $127.0 million at December 31, 2025, primarily due to net income of $2.3 million during the first quarter of 2026, ESOP related and stock compensation expense of $324,000 offset by a change in unr…
The following table sets forth average balance sheets, average annualized yields and costs, and certain other information for the periods indicated. No tax-equivalent yield adjustments have been made, as the effects would be immaterial. All average balances are monthly average balances. Non-accrual …
Interest Expense. Interest expense increased $16,000 and was $4.8 million for each of the three months ended March 31, 2026, and 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-10
changes in tax laws and the effects of tariffs and retaliatory responses;
We had $54.0 million of FHLB advances at September 30, 2025, and $54.0 million of FHLB advances and $4.8 million in other borrowings at December 31, 2024.
Stockholders’ equity decreased by $3.7 million, or 2.9%, to $125.4 million at September 30, 2025 compared to $129.1 million at December 31, 2024, primarily due to a special dividend payment in the first quarter of $1.50 per share totaling $8.8 million, as well as $4.1 million in common stock repurch…
stock compensation expense of $1.7 million and a change in unrealized gain on investment securities available-for-sale, net of tax, of $1.2 million.
The following tables set forth average balance sheets, average annualized yields and costs, and certain other information for the periods indicated. No tax-equivalent yield adjustments have been made, as the effects would be immaterial. All average balances are monthly average balances. Non-accrual …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice