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Overview / Commentary
1395 Northern Boulevard
Manhasset, NY 11030

Apple Bank for Savings is headquartered in Manhasset and is the 10st largest bank in the state of New York. It is also the 101st largest bank in the nation. It was established in 1863 and as of March of 2014, it had grown to 803 employees at 76 locations. Apple Bank for Savings has a A health rating.

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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 Apple Bank for Savings had $7.34 million in non-current loans and owned real-estate with $969.41 million in equity and loan loss allowances on hand to cover it. This gives Apple Bank for Savings a Texas Ratio of 0.76% 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 Apple Bank for Savings experienced no significant changes from 0.77% as of March 31, 2013 to 0.76% as of March 31, 2014, resulting in a positive change of 1.74%.This indicates that the balance sheet and financial strength for Apple Bank for Savings has had no significant changes in recent periods.

Deposit Growth


In the past year, Apple Bank for Savings has increased its total deposits by $2.49 billion, resulting in 31.29% 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.



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 $11.58 billion in assets with $969.41 million in equity, resulting in a capitalization level of 8.37%, which is average.

Institution Statistics

FDIC Certificate #16068
Year Established1863
Primary RegulatorFDIC
Assets and Liabilities
Assets$11.58 billion
Loans$8.51 billion
Deposits$10.46 billion
Equity Capital$951.36 million
Loan Loss Allowance$18.05 million
Unbacked Noncurrent Loans$7.34 million
Real Estate Owned$0
Historic Data - March 2013
Assets$9.36 billion
Equity Capital$806.39 million
Loan Loss Allowance$12.91 million
Unbacked Noncurrent Loans$7.34 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets0.57%
Return on Equity7.06%
Interest Income$56.72 million

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Apple Bank for Savings has 78 locations. Click to view all Apple Bank for Savings locations.