Apple Bank for Savings

1395 Northern Boulevard
Manhasset, NY 11030

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16068
Date Established 1863
Assets $12.85 billion
Loans $10.04 billion
Deposits $11.66 billion
Capital $1.10 billion

Apple Bank for Savings is an FDIC insured institution located in Manhasset, NY. It was founded in 1863 and has approximately $12.85 billion in assets. Customers can open an account at one of its 80 branches.

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

Bank Loan Profile?

The top three loan types in Apple Bank for Savings’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in New York, Apple Bank for Savings has a significantly higher percent of Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.94
Multifamily
Mortgages
13.83
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.04
Construction and Development Loans 0.00
Commercial Real Estate 23.26
Commercial and Industrial Loans 56.92
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $1,000 - Learn MoreShow Less
6 Mo CD 10K
1.01% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $250 - Learn MoreShow Less
Special: 12 Mo SAV
0.75% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.90% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM 10K
0.25% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.30% $25,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 25K
0.61% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.50% $2,500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Apple Bank for Savings

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.761% 3.750% -0.13 $335 $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Apple Bank for Savings
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Apple Bank for Savings branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Apple Bank For Savings Locations

Financial Details

Apple Bank for Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Apple Bank for Savings. 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
Apple Bank for Savings U.S. Bank Average
0.48% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Apple Bank for Savings had $4,899,000 in non-current loans and $471,000 in owned real estate. To cover these potential losses it had $1,095,433,000 in equity and $31,794,000 in loans loss reserves. That gives it a Texas Ratio of 0.48%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Apple Bank for Savings U.S. Bank Average
6.71% 8.58

Apple Bank for Savings has a Return on Equity of 6.71% versus the BestCashCow average of 8.58. 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.

Capitalization
Apple Bank for Savings U.S. Bank Average
8.52% 12.11

Apple Bank for Savings has a Capitalization of 8.52% versus the BestCashCow average of 12.11. 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.

Apple Bank for Savings Balance Sheet Analysis

As of June 30, 2017, Apple Bank for Savings had assets of $12,850,974,000, loans of $10,037,100,000, and deposits of $11,662,658,000. 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.

Frequently Asked Questions About Apple Bank for Savings

Branches and Savings

Is Apple Bank for Savings FDIC insured?

Yes. It is covered under FDIC Certificate #16068.

Why does Apple Bank for Savings pay such low interest on savings accounts?

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

Why are Apple Bank for Savings CD rates not competitive?

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

Is Apple Bank for Savings a commercial bank?

Yes

Where are Apple Bank for Savings locations?

See branch locations nearby.

Is Apple Bank for Savings open on Saturdays?

Is Apple Bank for Savings open on Sundays?

What time does Apple Bank for Savings open?

What time does Apple Bank for Savings close?

Are Apple Bank for Savings ATMs Open 24/7?

Do Apple Bank for Savings ATMs accept cash deposits?

Can Apple Bank for Savings customers use other ATMs?

Do Apple Bank for Savings branches have notaries?

Will Apple Bank for Savings notarize my document?

What address for Apple Bank for Savings should I put for incoming ACH transfers?

Will the Apple Bank for Savings branch print checks?

Do Apple Bank for Savings checks expire?

Does Apple Bank for Savings require US citizenship to open account?

Can Apple Bank for Savings close my account?

Does Apple Bank for Savings Report to credit bureaus?

Does Apple Bank for Savings Use Equifax?

What is Apple Bank for Savings's ACH Routing Number?

What is Apple Bank for Savings's SWIFT code?

Products

Does Apple Bank for Savings offer mortgages?

Compare mortgage rates here.

Does Apple Bank for Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Apple Bank for Savings offer personal loans?

Compare personal loan rates here.

Does Apple Bank for Savings offer student loans?

Will Apple Bank for Savings cash a check?

Will Apple Bank for Savings redeem a savings bond?

Does Apple Bank for Savings cash savings bonds?

Will Apple Bank for Savings cash money orders?

Can Apple Bank for Savings issue a money order?

Does Apple Bank for Savings do currency exchange?

Background on The Bank

Who owns Apple Bank for Savings?

How long has Apple Bank for Savings been around?

Can Apple Bank for Savings transfer to other banks?

Does Apple Bank for Savings have quick pay?

Does Apple Bank for Savings accept rolled coins?

Will Apple Bank for Savings accept loose change?

Where is Apple Bank for Savings headquarters?

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