Apollo Trust Company is headquartered in Apollo and is the 148th largest bank in the state of Pennsylvania. It is also the 3,645th largest bank in the nation. It was established in 1871 and as of March of 2014, it had grown to 45 employees at 6 locations. Apollo Trust Company has a A health rating.
Data for Q1 2014
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Apollo Trust Company had $43,000 in non-current loans and owned real-estate with $16.39 million in equity and loan loss allowances on hand to cover it. This gives Apollo Trust Company a Texas Ratio of 0.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Apollo Trust Company experienced no significant changes from 0.01% as of March 31, 2013 to 0.26% as of March 31, 2014, resulting in a negative change of 2,302.71%. This indicates that the balance sheet and financial strength for Apollo Trust Company has had no significant changes in recent periods.
Deposit Growth
In the past year, Apollo Trust Company has increased its total deposits by $4.97 million, resulting in 3.98% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Apollo Trust Company has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Apollo Trust Company has $154.72 million in assets with $16.39 million in equity, resulting in a capitalization level of 10.59%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 6051 |
| Year Established | 1871 |
| Employees | 45 |
| Primary Regulator | FED |
| Assets and Liabilities | |
|---|---|
| Assets | $154.72 million |
| Loans | $47.41 million |
| Deposits | $129.81 million |
| Equity Capital | $15.78 million |
| Loan Loss Allowance | $605,000 |
| Unbacked Noncurrent Loans | $43,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $151.58 million |
| Equity Capital | $17.75 million |
| Loan Loss Allowance | $563,000 |
| Unbacked Noncurrent Loans | $43,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.55% |
| Return on Assets | 0.87% |
| Return on Equity | 8.72% |
| Interest Income | $1.37 million |
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Apollo Trust Company Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $25 | - | Passbook Savings | |
| 0.05% | $25 | - | Statement Savings | |
| 0.05% | $25 | - | Christmas Club Savings |
Apollo Trust Company Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $2,500 | - | Money Market Account |
Apollo Trust Company Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $1k | - | Now Accounts |
Apollo Trust Company CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $2,500 | - | 60 Month CD | |
| 0.75% | $2,500 | - | 48 Month CD | |
| 0.50% | $2,500 | - | 36 - 47 Month CD | |
| 0.40% | $2,500 | - | 24 - 35 Month CD | |
| 0.20% | $2,500 | - | 12 - 23 Month CD | |
| 0.10% | $2,500 | - | 91 Day CD | |
| 0.10% | $2,500 | - | 6 - 11 Month CD |
| Apollo Trust Company Locations | ||
|---|---|---|
| Apollo Trust Company | 201 North Warren Avenue | Apollo, PA 15613 |
| Drive-In Facility | 308 North Second Street | Apollo, PA 15613 |
| Allegheny Township Branch | 501 Hyde Park Road | Leechburg, PA 15656 |
| North Apollo Branch | 789 River Road | North Apollo, PA 15673 |
| Spring Church Branch | Route 56 East | Spring Church, PA 15686 |
| Washington Township Branch | Sportsman Road and Route 66 | Washington Township, PA 15613 |