Affinity Bank in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Affinity Bank - Overview

  • General
  • FDIC Certificate #: 57264
    Status: Active
    Federal Reserve ID: 3118447
    Bank Holding Company (Regulatory Top Holder): Abb Financial Group, Inc. (RSSDID: 3118456, Location: Atlanta, GA)
    Date Established: September 03, 2002
    WWW: http://www.myaffinitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 360323
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 03, 2002
    Last Structure Change Effective Date: September 28, 2010
    Last Structure Change Process Date: October 05, 2010
    Last Data Update: October 05, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5660 New Northside Drive, Suite 200, Atlanta, GA 30328
    County: Fulton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $302.3 mil
    Equity capital: $10.0 mil
    Deposits held in domestic offices: $261.0 mil
    Return on assets (ROA): -2.20% (-$6.6 mil)
    Quarterly return on assets: 0.27% ($0.8 mil)
    Return on Equity (ROE): -56.58% (-$5.7 mil)
    Quarterly return on equity: 8.69% ($0.9 mil)
    Net income: -$7.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -2.20% (-$6,649.8 mil)
    Quarterly Pretax return on assets: 0.27% ($816.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $302,262Total assets
  • $30,109Cash and due from depository institutions
  • $23,585Interest-bearing balances
  • $20,896Securities
  • $24,330Federal funds sold & reverse repurchase agreements
  • $208,891Net loans & leases
  • $3,725Loan loss allowance
  • $0Trading account assets
  • $649Bank premises and fixed assets
  • $9,439Other real estate owned
  • $0Goodwill and other intangibles
  • $302,262Life insurance assets
  • $7,948All other assets
  • $292,305Total liabilities and capital
  • $261,037Total liabilities
  • $215,023Total deposits
  • $261,037Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 4365.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,500Trading liabilities
  • $0Other borrowed funds
  • $1,403Subordinated debt
  • $9,957All other liabilities
  • $9,957Total equity capital
  • $9,957Total bank equity capital
  • $0Perpetual preferred stock
  • $5,961Common stock
  • $29,952Surplus
  • $-25,956Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,984Income earned, not collected on loans
  • $0Earning assets
  • $694Long-term assets (5+ years)
  • $277,702Average Assets, year-to-date
  • $85,174Average Assets, quarterly
  • $339,906Volatile liabilities
  • $317,217Insider loans
  • $242,544FHLB advances
  • $312,235Loans and leases held for sale
  • $5,039Unused loan commitments
  • $5,039Tier 1 (core) risk-based capital
  • $11,575Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,311Restructured Loans and leases
  • $1,338Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,355Total interest income
  • $7,942Total interest expense
  • $6,413Net interest income
  • $4,775Provision for loan and lease losses
  • -$2,101Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,198Additional noninterest income
  • $7,730Total noninterest expense
  • $2,822Salaries and employee benefits
  • $612Premises and equipment expense
  • $4,296Additional noninterest expense
  • -$8,193Pre-tax net operating income
  • $727Securities gains (losses)
  • $0Applicable income taxes
  • -$7,466Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,466Net income attributable to bank
  • $0Net charge-offs
  • -$7,466Cash dividends
  • $5,060Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 2.03%Net interest margin
  • -0.67%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • -2.41%Net operating income to assets
  • -2.20%Return on assets (ROA)
  • -2.20%Pretax return on assets
  • -56.58%Return on equity (ROE)
  • -56.58%Retained earnings to average equity (YTD only)
  • 2.27%Net charge-offs to loans
  • 94.37%Credit loss provision to net charge-offs
  • -0.68%Efficiency ratio
  • 179,267Assets per employee
  • 12.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 20.71%Noncurrent assets plus other real estate owned to assets
  • 9.07%Noncurrent loans to loans
  • 8.46%Net loans and leases to deposits
  • 80.02%Net loans and leases to core deposits
  • 118.65%Equity capital to assets
  • 3.29%Core capital (leverage) ratio
  • 3.71%Tier 1 risk-based capital ratio
  • 4.77%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $339,906Average earning assets
  • $13,196Average equity
  • $315,561Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360323Affinity Bank5660 New Northside Drive, Suite 200, Atlanta, GA 30328September 03, 2002Full Service Brick and Mortar

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