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.
Data as of Q4 2021
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29510 |
| Year Established | 1928 |
| Employees | 96 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 7.97% |
| Annual Interest Income | $26.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $789.8MM$853.0MM |
| Loans | Q4 2021vs Q4 2020 | $575.7MM$591.8MM |
| Deposits | Q4 2021vs Q4 2020 | $626.4MM$643.0MM |
| Equity Capital | Q4 2021vs Q4 2020 | $103.2MM$82.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $8.6MM$6.4MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $7.0MM$4.9MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $3.5MM$1.3MM |