Affinity Bank

Deposits held and insured by Newton Federal Bank

Reviews (1)

Business Loans

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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
A

Data as of Q1 2020

Data displayed below is for insuring bank: Newton Federal Bank
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Health Grade Components

Overall
FDIC Certificate #29510
Year Established1928
Employees90
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.88%
Return on Equity - YTD-6.32%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$646.0MM$309.9MM
LoansQ1 2020vs Q1 2019$520.9MM$235.4MM
DepositsQ1 2020vs Q1 2019$502.4MM$241.0MM
Equity CapitalQ1 2020vs Q1 2019$72.5MM$61.3MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.7MM$4.2MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$4.3MM$1.9MM
Real Estate OwnedQ1 2020vs Q1 2019$772.00K$283.00K
Rates

Sorry, we do not have rate data for Affinity Bank.

Locations


Affinity Bank Locations
Affinity Bank400 Galleria Parkway Se, Suite 900Atlanta, GA 30339
Newton Federal Bank3175 Highway 278Covington, GA 30014
Newton Federal Savings And Loan East8258 Highway 278Covington, GA 30014

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