Affinity Bank, National Association

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Affinity Bank, National Association is an FDIC insured institution headquartered at 3175 Highway 278, Covington, GA 30014.
It was founded in 1928 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - March 19, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.06% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29510
Date Established 1928
Assets $ 855.23 million
Loans $ 651.94 million
Deposits $ 716.68 million
Capital $ 104.90 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 37.20 million
Interest-bearing balances $ 31.76 million
Total securities $ 82.19 million
Federal funds sold and reverse repurchase $ 24.30 million
Net loans and leases $ 651.94 million
Loan loss allowance $ 9.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.90 million
Goodwill and other intangibles $ 18.41 million
All other assets $ 25.76 million
     Total Assets $ 750.33 million

LIABILITIES
Total deposits $ 716.68 million
      Interest-bearing deposits $ 538.42 million
      Deposits held in domestic offices $ 716.68 million
      % insured (estimated) 79.48%
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 millionn
      Total Liabilities $ 750.33 million
      Shareholders’ Equity $ 104.90 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 31.61 million
Total Interest Expense $ 11.25 million
Net interest income $ 20.36 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 2.02 million
Total non interest expense $ 15.61 million
Pre-tax Net Operating Income $ 4.86 million

Customer Reviews for Affinity Bank, National Association (1)

Rated 4.00 stars out of 5 - based on 1 reviews
  • Very happy customer, but needs to be pointed out that 3.50% is the rate you will receive in November if you hit step goals in October. The rate for October is 2.50%. Not sure what interest rate a new customer would get for October if they sign up now, but they will get 3.50% in November if they sign up now and reach step goals.

    wellden1

    Mar 19, 2024

    easy workaround - open account with minimum balance, download app, do your steps, fund your account at end of month. easy.


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Branches

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Affinity Bank, National Association Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    GEORGIA
    $50,000
    6 Month
    0.35%
    0.88x (National Avg. - 0.40%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 175 123
    2 50,175 176 123
    3 50,351 176 123
    4 50,527 177 124
    5 50,704 177 124
    6 50,881 178 125
    7 51,059 179 125
    8 51,238 179 126
    9 51,417 180 126
    10 51,597 181 126
    11 51,778 181 127
    12 51,959 182 127
    13 52,141 182 128
    14 52,323 183 128
    15 52,507 184 129
    16 52,690 184 129
    17 52,875 185 130
    18 53,060 186 130
    19 53,245 186 130
    20 53,432 187 131
    TOTAL $3,619 $2,533
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    6 Month
    5.15%
    12.97x (National Avg. - 0.40%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    5.20%
    9.42x (National Avg. - 0.55%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468