Apple Bank for Savings

Apple Bank for Savings Locations
1395 Northern Boulevard
Manhasset, NY 11030
(914) 902-APPLe (2775)
www.applebank.com

FDIC

Apple Bank for Savings is headquartered in Manhasset and is the 12st largest bank in the state of New York. It is also the 111st largest bank in the nation. It was established in 1863 and as of December of 2012, it had grown to 594 employees at 51 locations. Apple Bank for Savings has a 5-star health rating.

Apple Bank for Savings Routing Number: 226070584

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3.75% Money Market Account with Yield Guaranteed for One Year at Apple Bank for Savings in New York - 12/8/2008

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5.26% 12, 24 and 60-Month CDs at Apple Bank for Savings - 11/22/2007

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Data for Q4 2012


Institution Statistics


Apple Bank for Savings
FDIC Certificate #16068
BankRate ReportView
Year Established1863
Employees594
Primary RegulatorFDIC

Assets and Liabilities

Assets$9.78 billion
Loans$5.80 billion
Deposits$8.40 billion
Equity Capital$774.27 million
Loan Loss Allowance$12.50 million
Unbacked Noncurrent Loans$6.84 million

Historic Data - December 2011

Assets$7.58 billion
Equity Capital$709.50 million
Loan Loss Allowance$9.65 million
Unbacked Noncurrent Loans$4.88 million

Profit Margin - Quarterly

Net Interest Margin1.86%
Return on Assets0.68%
Return on Equity7.89%
Interest Income$201.87 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Apple Bank for Savings had $6.84 million in non-current loans and owned real-estate with $786.77 million in equity and loan loss allowances on hand to cover it. This gives Apple Bank for Savings a Texas Ratio of 0.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Apple Bank for Savings held steady from 0.66% as of December 31, 2011 to 0.87% as of December 31, 2012, resulting in a negative change of 31.48%. This indicates that the balance sheet and financial strength for Apple Bank for Savings has held steady in recent periods.
Deposit Growth5
In the past year, Apple Bank for Savings has increased its total deposits by $1.71 billion, resulting in 25.52% 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 Apple Bank for Savings has shown is excellent.
Capitalization3
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. Apple Bank for Savings has $9.78 billion in assets with $786.77 million in equity, resulting in a capitalization level of 8.04%, which is average.
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