Affinity Bancshares, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 05:13 pm
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Affinity Bancshares, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was USD 7.410 million compared to USD 5.707 million a year ago. Net income was USD 2.318 million compared to USD 1.079 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.16 a year ago. For the half year, net interest income was USD 15.751 million compared to USD 10.934 million a year ago. Net income was USD 4.450 million compared to net loss of USD 219,000 a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
Affinity Bancshares, Inc. is the holding company for Affinity Bank (the Bank). The Company'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. It 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. It offers a variety of deposit accounts, including checking accounts, savings accounts and certificate of deposit accounts. It gathers deposits nationwide through its virtual bank, FitnessBank, which accepts deposits and provides higher interest rates based on customers meeting certain fitness goals. It offers a limited range of consumer loans.
AFFINITY BANCSHARES, INC. 
