Apple Bank for Savings opened for business in New York back in 1863 and has been FDIC insured since 1943.  Apple Bank for Savings is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  Apple Bank operates 51 full service bank branch locations throughout greater New York.

As of the end of 2009, the bank had approximately 640 total full-time equivalent employees.  At this time the bank had total assets of $7,291,269,000 and total deposits of $5,918,766,000.  For the full year, the bank had a net income of $20,033,000.

Apple Bank for Savings most recent performance ratios.
As of December 31, 2009:

Yield on earning assets 3.07% 
Cost of funding earning assets 1.60% 
Net interest margin 1.47%
Return on assets (ROA) 0.30%
Return on equity (ROE) 3.32%
Noncurrent loans to loans 0.12%
Equity capital to assets 8.67% 
Core capital (leverage) ratio 9.58% 
Tier 1 risk-based capital ratio 28.52% 
Total risk-based capital ratio 28.90%
 
Apple Bank for Savings products and services:

Apple Bank for Savings offers a variety of checking accounts including free checking and interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, Individual Retirement Accounts, mortgage loans, home equity loans, home equity lines of credit, personal loans, credit cards, online banking, as well as a whole host of business services that includes small business checking, business checking, business savings and merchant services.

Apple Bank for Savings branch bank locations:

The headquarters for Apple Bank for Savings is located at:  
              1395 Northern Boulevard
              Manhasset, New York  11030

For a complete list of Apple Bank branch locations please visit our Bank Directory

Apple Bank for Savings web address: www.applebank.com

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