AFFINITY BANK

Headquarters

400 Galleria Parkway Se, Suite 900
Atlanta, GA 30339
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.40% 1.05% →
1-Year CD 1.00% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

AFFINITY BANK is an FDIC insured institution located in Atlanta, GA. It was founded in 2002 and has approximately $0.33 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57264
Date Established 2002
Assets $ 328.10 million
Loans $ 258.04 million
Deposits $ 253.07 million
Capital $ 33.80 million
 

For a more detailed analysis of AFFINITY BANK's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.40% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.60% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
0.75% $100,000 $199,999 Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Online Only Savings Rates of FitnessBank, a division of Affinity Bank

Online Savings Rates APY MIN MAX
Fitness Savings
1.05% $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.



Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for AFFINITY BANK

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to AFFINITY BANK
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

AFFINITY BANK 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:
Fairfield,Connecticut


AFFINITY BANK Locations


Financial Details

AFFINITY BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of AFFINITY BANK. 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 U.S. Bank Average
2.33% 6.94%

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 March 31, 2020, AFFINITY BANK had $52,000 in non-current loans and $801,000 in owned real estate. To cover these potential losses it had $33,800,000 in equity and $2,816,000 in loans loss reserves. That gives it a Texas Ratio of 2.33%.

Return on Equity
AFFINITY BANK U.S. Bank Average
7.22% 7.80%

AFFINITY BANK has a Return on Equity of 7.22% versus the BestCashCow average of 7.80%. 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 U.S. Bank Average
10.3% 12.68%

AFFINITY BANK has a Capitalization of 10.3% versus the BestCashCow average of 12.68. 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 Balance Sheet Analysis

As of December 31, 2019, AFFINITY BANK had assets of $327,080,000, loans of $258,037,000, and deposits of $253,065,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 26.03 million
Interest-bearing balances $ 25.09 million
Total securities $ 16.36 million
Federal funds sold and reverse repurchase $ 11.59 million
Net loans and leases $ 258.04 million
Loan loss allowance $ 2.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.80 million
Goodwill and other intangibles N.A.
All other assets $ 13.42 million
     Total Assets $ 293.28 million
LIABILITIES
Total deposits $ 253.07 million
      Interest-bearing deposits $ 185.87 million
      Deposits held in domestic offices $ 253.07 million
      % insured (estimated) 83.17%
Federal funds purchased and repurchase agreements $ 6.25 million
Trading liabilities N.A.
Other borrowed funds $ 33.00 million
Subordinated debt N.A.
All other liabilities $ 0.97 million
      Total Liabilities $ 293.28 million
      Shareholders’ Equity $ 34.82 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 13.70 million
Total Interest Expense $ 4.00 million
Net interest income $ 9.70 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.11 million
Total non interest expense $ 7.03 million
Pre-tax Net Operating Income $ 2.70 million

Bank Loan Profile?

The top three loan types in AFFINITY BANK’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Georgia, AFFINITY BANK has a significantly higher percent of Small Business Loans, 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 0.14
Multifamily
Mortgages
0.04
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 20.59
Construction and Development Loans 8.00
Commercial Real Estate 37.18
Commercial and Industrial Loans 55.67
Farm Loans 0.00

Frequently Asked Questions About Affinity Bank

Branches and Savings

Is Affinity Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57264.

Why does Affinity Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Affinity Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Affinity Bank a commercial bank?

Yes

Where are Affinity Bank locations?

See branch locations nearby.

Is Affinity Bank open on Saturdays?

Is Affinity Bank open on Sundays?

What time does Affinity Bank open?

What time does Affinity Bank close?

Are Affinity Bank ATMs Open 24/7?

Do Affinity Bank ATMs accept cash deposits?

Can Affinity Bank customers use other ATMs?

Do Affinity Bank branches have notaries?

Will Affinity Bank notarize my document?

What address for Affinity Bank should I put for incoming ACH transfers?

Will the Affinity Bank branch print checks?

Do Affinity Bank checks expire?

Does Affinity Bank require US citizenship to open account?

Can Affinity Bank close my account?

Does Affinity Bank Report to credit bureaus?

Does Affinity Bank Use Equifax?

What is Affinity Bank's ACH Routing Number?

What is Affinity Bank's SWIFT code?

Products

Does Affinity Bank offer mortgages?

Compare mortgage rates here.

Does Affinity Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Affinity Bank offer personal loans?

Compare personal loan rates here.

Does Affinity Bank offer student loans?

Will Affinity Bank cash a check?

Will Affinity Bank redeem a savings bond?

Does Affinity Bank cash savings bonds?

Will Affinity Bank cash money orders?

Can Affinity Bank issue a money order?

Does Affinity Bank do currency exchange?

Background on The Bank

Who owns Affinity Bank?

How long has Affinity Bank been around?

Can Affinity Bank transfer to other banks?

Does Affinity Bank have quick pay?

Does Affinity Bank accept rolled coins?

Will Affinity Bank accept loose change?

Where is Affinity Bank headquarters?

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