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
No
ID
Name
Address
Established
Service Type
Map
0
360323
Affinity Bank
5660 New Northside Drive, Suite 200, Atlanta, GA 30328
September 03, 2002
Full Service Brick and Mortar
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