Affinity Bank, National Association
Headquarters
3175 Highway 278
Covington, GA 30014
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2024 Overview
General Bank Information
Affinity Bank, National Association is an FDIC insured institution located in Covington, GA. It was founded in 1928 and has approximately $0.84 billion in assets. Customers can open an account at one of its 3 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 29510 |
| Date Established | 1928 |
| Assets | $ 843.15 million |
| Loans | $ 651.06 million |
| Deposits | $ 681.58 million |
| Capital | $ 108.27 million |
For a more detailed analysis of Affinity Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
Online Only Savings Rates of FitnessBank, a division of Affinity Bank
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fitness Savings
|
5.00% | $100 | - |
Learn More
|
Bank Online Offers
Fitness Bank Lowers Top Tier Savings Rate to 2.60% APY
Oct 31, 2019
On November 1, 2019, Fitness Bank is lowering its savings rate to 2.60% APY for those customers who download the bank's app and record an average daily activity of 12,500 steps or more. Those customers averaging between 10,000 and 12,500 steps will now receive a 2.34% APY.
At the 2.60% APY, Fitness Bank's savings account remains the highest yielding online savings account in the U.S. See all of the best online savings rates here. You may still find higher savings rates locally and should compare those rates here.
Fitness Bank Lowers Top Tier Savings Rate to 0.70% APY
Nov 30, 2020
Those FitnessBank account holders who are most active will be able to earn up to 0.70% APY in December (down from 0.85% APY in November). This rate requires 12,500 average daily steps for users under 65 and 10,000 for those over 65.
Fitness Bank Lowers Top Tier Savings Rate to 0.65% APY
Feb 1, 2021
FitnessBank has lowered its top tier savings rate from 0.70% to 0.65%. The rate is extended to those customers averaging over 12,500 steps per day (or those over 65 averaging over 10,000 steps per day).
Fitness Bank Lowers Top Tier Savings Rate to 0.55% APY
Aug 2, 2021
Fitness Bank has lowered its top tier savings rate by 10 basis points today. The rate requires 12,500 average steps (or 10,000 for those over 65).
Fitness Bank Raises Top Tier Savings Rate to 1.25% APY
Jun 1, 2022
In order to receive this rate, you will need to install the Fitness Bank app and maintain an average of over 12,500 steps per day over the course of the month. Those over age 65 require only 10,000 steps per day.
Fitness Bank Raises Top Tier Savings Rate to 2.50% APY
Sep 1, 2022
Fitness Bank is offering 2.50% on their online savings account to those who record an average monthly step count of over 12,500 steps (10,000 if over age 65). For those who qualify, the offer currently represents the best nationally available online savings rate. Learn more here.
Fitness Bank's Online Savings Rate is Now 4.40% for those registering 12,500 Steps
Apr 29, 2023
Fitness Bank has increased its online savings rate by 5 basis points, for those registering the average daily steps required per month (12,500 or 10,000 if over 65).
If you also have a checking account and meet applicable transfer requirements for that account, your rate will be 4.65%.
Fitness Bank Raises Top Tier Savings Rate to 4.50% APY
Jun 1, 2023
Fitness Bank has raised its online savings rate to 4.50% this morning.
To get the top rate, users must record a daily average of 12,000 steps (10,000 if over 65).
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Affinity Bank, National Association
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.818% |
6.625% 1.00 points $6,400 fees |
$2,049 | Learn More |
NMLS ID: 2059741 |
6.994% |
6.875% 0.63 points $3,901 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Affinity Bank, National Association
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Branches
Affinity Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Affinity Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Affinity Bank, National Association Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Affinity Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Affinity Bank, National Association | U.S. Bank Average |
|---|---|
| 8.77% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Affinity Bank, National Association had $7,426,000 in non-current loans and $2,850,000 in owned real estate. To cover these potential losses it had $108,270,000 in equity and $8,947,000 in loans loss reserves. That gives it a Texas Ratio of 8.77%.
Return on Equity
| Affinity Bank, National Association | U.S. Bank Average |
|---|---|
| 6.45% | 12.20% |
Affinity Bank, National Association has a Return on Equity of 6.45% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Affinity Bank, National Association | U.S. Bank Average |
|---|---|
| 12.84% | 10.76% |
Affinity Bank, National Association has a Capitalization of 12.84% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Affinity Bank, National Association Balance Sheet Analysis
As of December 31, 2023, Affinity Bank, National Association had assets of $843,149,000, loans of $651,063,000, and deposits of $681,580,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 20.73 million |
| Interest-bearing balances | $ 14.70 million |
| Total securities | $ 82.77 million |
| Federal funds sold and reverse repurchase | $ 29.30 million |
| Net loans and leases | $ 651.06 million |
| Loan loss allowance | $ 8.95 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 2.85 million |
| Goodwill and other intangibles | $ 18.37 million |
| All other assets | $ 25.76 million |
| Total Assets | $ 734.88 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 681.58 million |
| Interest-bearing deposits | $ 519.79 million |
| Deposits held in domestic offices | $ 681.58 million |
| % insured (estimated) | 80.86% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 25.45 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 5.33 million |
| Total Liabilities | $ 734.88 million |
| Shareholders’ Equity | $ 108.27 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 42.73 million |
| Total Interest Expense | $ 15.67 million |
| Net interest income | $ 27.06 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 2.60 million |
| Total non interest expense | $ 20.91 million |
| Pre-tax Net Operating Income | $ 4.86 million |
Bank Loan Profile?
The top three loan types in Affinity Bank, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Consumer Auto Loans.
Compared to other banks in Georgia, Affinity Bank, National Association has a significantly higher percent of Consumer Auto Loans, Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 8.44 | ✓ | ||
| Multifamily Mortgages |
0.71 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 14.01 | ✓ | ||
| Small Business Loans | 13.39 | ✓ | ||
| Construction and Development Loans | 5.59 | ✓ | ||
| Commercial Real Estate | 43.21 | ✓ | ||
| Commercial and Industrial Loans | 23.52 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
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