Affinity Bancshares, Inc.

Overview

Affinity Bancshares, Inc. is a Maryland holding company for Affinity Bank, National Association, a national bank regulated by the Office of the Comptroller of the Currency (OCC). The holding company is regulated by the Federal Reserve Board. Affinity Bank is a member of the Federal Home Loan Bank of Atlanta.

Primary business activities are commercial banking services, focused on loan origination and management and the investment of deposits and available funds. The bank focuses on lending to professionals, with particular emphasis on dentists and dental practices.

Subsidiaries and structure

• Affinity Bank, National Association (operating bank)
• FitnessBank (virtual bank platform that gathers nationwide deposits with higher rates tied to fitness goals)

Affinity Bancshares conducts operations through Affinity Bank as a single operating unit; there are no separate operating segments.

Lending activities

• Commercial real estate loans (owner-occupied and non-owner-occupied)
• Commercial and industrial loans (including dental practice loans)
• Residential mortgages (one- to four-family)
• Construction, land and development loans
• Consumer loans, including indirect automobile lending via ABDS (Affinity Bank Dealer Select)

The bank has specialized expertise in lending to dentists and dental practices. Dental-related loans totaled $117.9 million as of 12/31/2025 (26.1% of the loan portfolio). Most dental loans are secured by practice assets and goodwill.

Credit approval authorities:

• CEO and Chief Credit Officer: up to $1.0 million each; combined up to $3.5 million
• Two Senior Credit Managers: up to $500,000 each (combined $1.0 million)
• Loans above $3.5 million require full board approval

Deposits and funding

Primary funding source is customer deposits (checking, savings, money market, certificates of deposit). The bank also uses brokered deposits and borrowings (FHLB advances, unsecured lines).

As of 12/31/2025:

• Total deposits: $695.0 million
  • Non-interest-bearing checking: $132.8 million
  • Interest-bearing checking: $82.6 million
  • Money market: $157.4 million
  • Savings: $97.0 million
  • Certificates of deposit: $225.2 million
  • Brokered CDs: $79.5 million
• Uninsured deposits: $102.4 million (2025)

Investments

The securities portfolio includes U.S. government-sponsored enterprises (GSEs), Federal Home Loan Bank (FHLB) stock, municipal and corporate securities.

As of 12/31/2025:

• Available-for-sale securities portfolio: amortized cost ~ $43.6 million; fair value ~ $38.8 million
• Overall yield: ~ 3.53%
• FHLB Atlanta stock: $3.2 million
• First National Bankers Bank stock: $0.25 million
• Federal Reserve Bank stock: $2.8 million

Geographic footprint and channels

• Primary geographic focus: Georgia, with Newton County and Cobb County as primary markets; dental lending expanded across the Southeast
• Physical locations: main office and a branch in Covington, GA; a branch in Atlanta, GA; a loan production office in Monroe, GA
• Virtual channel: FitnessBank for nationwide deposit gathering

People and regulation

• Employees: 79 full-time and 3 part-time (as of 12/31/2025)
• The bank operates under OCC supervision and was classified as well capitalized under applicable regulatory standards as of 12/31/2025. The holding company is regulated by the Federal Reserve Board.

Financial highlights (as of December 31, 2025)

Balance sheet snapshot

• Total assets: $881.7 million
• Gross loans: $742.7 million
• Net loans (after allowance): $733.7 million
• Allowance for credit losses (ACL): $8.99 million (1.21% of total loans)
• Deposits: $695.0 million
• Stockholders’ equity: $127.0 million
• Non-performing loans (NPLs): $3.57 million (0.48% of total loans)
• Non-performing assets (NPA): $3.57 million (0.40% of total assets)

Loan portfolio composition (amounts in thousands)

• Commercial (owner-occupied real estate): $163,225 (21.98%)
• Commercial (non-owner-occupied real estate): $176,580 (23.78%)
• Commercial and industrial: $146,491 (19.72%)
• Construction, land and acquisition & development: $72,596 (9.77%)
• Residential mortgage (1-4 family): $47,966 (6.46%)
• Consumer installment: $135,824 (18.29%)
• Total loans: $742,682 (100.00%)

Delinquencies and loan quality

• NPLs were 0.48% of loans and NPAs were 0.40% of assets as of 12/31/2025. Delinquency and aging details are tracked across loan categories.

Funding and liquidity

• FHLB advances outstanding: $54.0 million
• FHLB line of credit available: $50.6 million
• Average yield on deposits (2025): 3.06%
• Brokered deposits: $79.5 million

Loan originations and portfolio activity

• The company originates a broad mix of loans, with dental lending representing about 26% of the loan portfolio.
• Largest commercial real estate loan: $9.52 million (secured by a retail center, as of 12/31/2025)
• Whole loans purchased: approximately $8.9 million (as of 12/31/2025); the bank may purchase or sell participation interests

Other notes

• The company discloses practices for liquidity management, risk management, and Community Reinvestment Act considerations.

Websites

• www.myaffinitybank.com
• www.newtonfederal.com
• FitnessBank.fit