Apollo Bank

1150 South Miami Avenue
Miami, FL 33130


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35599
Date Established 2001
Assets $0.70 billion
Loans $0.50 billion
Deposits $0.60 billion
Capital $0.07 billion

Apollo Bank is an FDIC insured institution located in Miami, FL. It was founded in 2001 and has approximately $0.7 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of Apollo Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 25, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 - Learn MoreShow Less
3 Mo CD
0.55% $1,000 - Learn MoreShow Less
6 Mo CD
0.85% $1,000 - Learn MoreShow Less
Special: 11 Mo CD
2.25% $10,000 - Learn MoreShow Less
12 Mo CD
1.10% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
2.54% $10,000 - Learn MoreShow Less
18 Mo CD
1.25% $1,000 - Learn MoreShow Less
24 Mo CD
1.74% $1,000 - Learn MoreShow Less
36 Mo CD
2.11% $1,000 - Learn MoreShow Less

Fixed IRA
1.11% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $4,999 Learn MoreShow Less

Loan Rates - August 25, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Apollo Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Apollo Bank
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Financial Details

Apollo Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Apollo Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Apollo Bank U.S. Bank Average
6.12% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Apollo Bank had $4,506,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $68,347,000 in equity and $5,315,000 in loans loss reserves. That gives it a Texas Ratio of 6.12%.

Return on Equity
Apollo Bank U.S. Bank Average
10.94% 9.47%

Apollo Bank has a Return on Equity of 10.94% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Apollo Bank U.S. Bank Average
9.72% 12.49%

Apollo Bank has a Capitalization of 9.72% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Apollo Bank Balance Sheet Analysis

As of March 31, 2019, Apollo Bank had assets of $703,404,000, loans of $497,580,000, and deposits of $602,091,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.11 billion
Federal funds sold and reverse repurchase $0.04 billion
Net loans and leases $0.50 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.64 billion
Total deposits $0.60 billion
      Interest-bearing deposits $0.42 billion
      Deposits held in domestic offices $0.60 billion
      % insured (estimated) 54.95%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.64 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Apollo Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Florida, Apollo Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.25
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 15.98
Commercial Real Estate 45.45
Commercial and Industrial Loans 10.62
Farm Loans 0.00

Frequently Asked Questions About Apollo Bank

Branches and Savings

Is Apollo Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35599.

Why does Apollo Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Apollo Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Apollo Bank a commercial bank?


Where are Apollo Bank locations?

See branch locations nearby.

Is Apollo Bank open on Saturdays?

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Are Apollo Bank ATMs Open 24/7?

Do Apollo Bank ATMs accept cash deposits?

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Do Apollo Bank branches have notaries?

Will Apollo Bank notarize my document?

What address for Apollo Bank should I put for incoming ACH transfers?

Will the Apollo Bank branch print checks?

Do Apollo Bank checks expire?

Does Apollo Bank require US citizenship to open account?

Can Apollo Bank close my account?

Does Apollo Bank Report to credit bureaus?

Does Apollo Bank Use Equifax?

What is Apollo Bank's ACH Routing Number?

What is Apollo Bank's SWIFT code?


Does Apollo Bank offer mortgages?

Compare mortgage rates here.

Does Apollo Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Apollo Bank offer personal loans?

Compare personal loan rates here.

Does Apollo Bank offer student loans?

Will Apollo Bank cash a check?

Will Apollo Bank redeem a savings bond?

Does Apollo Bank cash savings bonds?

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Can Apollo Bank issue a money order?

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Background on The Bank

Who owns Apollo Bank?

How long has Apollo Bank been around?

Can Apollo Bank transfer to other banks?

Does Apollo Bank have quick pay?

Does Apollo Bank accept rolled coins?

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Where is Apollo Bank headquarters?

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