Affinity Bancshares, Inc. (NASDAQ: AFBI)

Affinity Bancshares, Inc. is a bank holding company that conducts its banking operations through its wholly owned subsidiary Affinity Bank a national bank chartered in the United States. The company focuses on gathering deposits and extending loans to commercial and retail customers in its primary market area and through its online platform. It operates from offices in Georgia and offers a range of deposit and loan products.

The company generates revenue primarily from interest income on its loan portfolio which includes commercial real estate loans commercial and industrial loans residential mortgage loans construction and land loans and consumer loans. Additional revenue comes from fees on deposit accounts service charges and gains from the sale of investment securities. The net interest margin reflects the difference between yields on earning assets and costs of funds.

Affinity Bancshares, Inc. operates as a community focused bank in the southeastern United States competing with larger money center banks regional banks credit unions and other financial institutions. The bank holds a leading market share in deposit taking in Newton County Georgia where it ranks first among eight institutions and a smaller share in Cobb County Georgia where it ranks thirteenth among twenty five institutions. Its competitive strengths include specialized lending to dental professionals a deep understanding of local markets and a relationship based approach to banking.

The bank serves individual consumers small and medium sized businesses dental professionals and other specialty borrowers within its geographic footprint. Deposit customers include households seeking checking savings and certificate of deposit accounts as well as businesses looking for cash management services. Loan customers consist of owners of commercial real estate operators of small businesses and households purchasing homes or automobiles.