Affinity Bancshares Inc. Stock Analysis AFBI

Affinity Bancshares, Inc. is a holding company, which engages in the savings and loan business. The company employs 79 full-time employees The company went IPO on 2017-04-28. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans and residential real estate loans and, to a lesser extent, construction and land loans and consumer loans. The company makes commercial and industrial loans, primarily in its market area, to a variety of professionals, sole proprietorships and small businesses, including dental loans, which are originated throughout the Southeastern United States. The company offers a variety of deposit accounts, including checking accounts, savings accounts and certificate of deposit accounts. The company gathers deposits nationwide through its virtual bank, FitnessBank, which accepts deposits and provides higher interest rates based on customers meeting certain fitness goals. The company offers a limited range of consumer loans.