[Explanatory Note](index=2&type=section&id=Explanatory%20Note) [Company Formation and Status](index=2&type=section&id=Company%20Formation%20and%20Status) Affinity Bancshares, Inc. was formed as a stock holding company for Newton Federal Bank, pending conversion, with no current operations or assets; financial data is in Exhibit 99.1 - Affinity Bancshares, Inc. was established to be the stock holding company for Newton Federal Bank following a mutual-to-stock conversion[2](index=2&type=chunk) - As of September 30, 2020, the company had not completed its conversion, possessed no assets or liabilities, and had not conducted any business[2](index=2&type=chunk) - The quarterly report of Community First Bancshares, Inc., the active holding company, is provided for informational purposes in Exhibit 99.1[2](index=2&type=chunk) [PART I – FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Financial statements are not applicable for Affinity Bancshares, Inc. due to its non-operational status, with relevant financial data in Exhibit 99.1 - Financial Statements are not applicable for Affinity Bancshares, Inc. for this period. Readers are directed to the Explanatory Note[4](index=4&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=3&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's Discussion and Analysis is not applicable as the company is a newly formed entity without operations pending conversion, as noted in the Explanatory Note - Management's Discussion and Analysis (MD&A) is not applicable. Readers are directed to the Explanatory Note[4](index=4&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=3&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Disclosures about market risk are not applicable as the company had no assets, liabilities, or operations during the period, as noted in the Explanatory Note - Disclosures about Market Risk are not applicable. Readers are directed to the Explanatory Note[4](index=4&type=chunk) [Item 4. Controls and Procedures](index=3&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of September 30, 2020, with no material changes to internal controls over financial reporting during the quarter - Based on an evaluation as of September 30, 2020, the Company's management, including the CEO and CFO, concluded that disclosure controls and procedures were effective[4](index=4&type=chunk) - No changes in the Company's internal controls over financial reporting occurred during the quarter ended September 30, 2020, that materially affected or are likely to materially affect them[5](index=5&type=chunk) [PART II – OTHER INFORMATION](index=4&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Other Information (Items 1, 1A, 2, 3, 4, 5)](index=4&type=section&id=Items%201%2C%201A%2C%202%2C%203%2C%204%2C%205) Various informational items, including Legal Proceedings, Risk Factors, and Unregistered Sales of Equity Securities, are not applicable due to the company's lack of operations during the period - The following items are not applicable and refer to the Explanatory Note: Legal Proceedings, Risk Factors, Unregistered Sales of Equity Securities and Use of Proceeds, and Defaults Upon Senior Securities[6](index=6&type=chunk) - Mine Safety Disclosures are not applicable, and there was no information to report under Item 5 (Other Information)[6](index=6&type=chunk) [Item 6. Exhibits](index=4&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and the Quarterly Report of Community First Bancshares, Inc. (Exhibit 99.1) containing substantive financial data Exhibit List | Exhibit | Description | | :--- | :--- | | 31.1 | Certification of Principal Executive Officer (SOX 302) | | 31.2 | Certification of Principal Financial Officer (SOX 302) | | 32 | Written Statement of CEO and CFO (SOX 906) | | 99.1 | Quarterly Report on Form 10-Q of Community First Bancshares, Inc. for the Quarter Ended September 30, 2020 |