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Business Loans

When Atlanta Business Bank changed to Affinity Bank it lost its personability, and also, its focus and direction. Affinity Bank is very keen on only doing loans for doctors and dentists, and does not give much attention to other types of businesses. I have had almost 9 plus years commercial loans with them, but I have been shocked at the poor response and willingness to help business with the problems at hand. IT is very hard to reach many of the officers who do not call back, and also they do not try to work with business owners. This is a market where Banks should look at the individual business and try to look at the history and make judgement calls based on a wide range of factors but Affinity only takes care of the "chosen ones" and I hope that they will be taken over by another stronger and better Bank.



Health

Data for Q1 2014

Institution Health

D

Texas Ratio

GRADE:
F

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Affinity Bank had $21.55 million in non-current loans and owned real-estate with $14.41 million in equity and loan loss allowances on hand to cover it. This gives Affinity Bank a Texas Ratio of 149.53% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Affinity Bank decreased slightly from 196.65% as of March 31, 2013 to 149.53% as of March 31, 2014, resulting in a positive change of 23.96%.This indicates that the balance sheet and financial strength for Affinity Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Affinity Bank has decreased its total deposits by -$15.69 million, resulting in -6.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Affinity Bank has shown is below average.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Affinity Bank has $271.02 million in assets with $14.41 million in equity, resulting in a capitalization level of 5.32%, which is below average.

Institution Statistics

Overall
FDIC Certificate #57264
Year Established2002
Employees24
Primary RegulatorFDIC
Assets and Liabilities
Assets$271.02 million
Loans$189.22 million
Deposits$226.02 million
Equity Capital$11.13 million
Loan Loss Allowance$3.28 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$11.70 million
Historic Data - March 2013
Assets$276.63 million
Equity Capital$9.73 million
Loan Loss Allowance$3.80 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$14.16 million
Profit Margin - Quarterly
Net Interest Margin2.66%
Return on Assets0.29%
Return on Equity7.16%
Interest Income$2.31 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Affinity Bank, we are a rate comparison website and can not provide official rates or promotions.

Affinity Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$500-Affinity Savings
0.40%$500-Business Savings

Affinity Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$25k-Affinity Money Market
0.60%$25k-Business Money Market
0.50%$2,500-Charitable Money Market

Affinity Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IOLTA
0.30%$100-Affinity Business Checking
0.20%$100-Affinity Checking

Affinity Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$10k-60 Month CD
1.35%$10k-Business 60 Month CD
1.15%$10k-48 Month CD
1.15%$10k-Business 48 Month CD
0.95%$10k- 36 Month CD
0.95%$10k-Business 36 Month CD
0.75%$10k- 24 Month CD
0.75%$10k-Business 24 Month CD
0.60%$10k-18 Month CD
0.60%$10k-Business 18 Month CD
0.55%$10k-12 Month CD
0.55%$10k-Business 12 Month CD
0.35%$10k-6 Month CD
0.35%$10k-Business 6 Month CD
Locations


Affinity Bank Locations
Affinity Bank5660 New Northside Drive, Suite 200Atlanta, GA 30328