Apple Bank
New York, New York, New York County
$19.9B in total assets, the 109th largest of 4,309 US banks and 11th of 126 headquartered in New York.
- FDIC certificate
- 16068
- Established
- 1863
- Owned by
- Apple Financial Holdings Inc
- Primary regulator
- FDIC
- Website
- www.applebank.com
At a glance
Compared with 15 banks headquartered in New York with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $19.9B | 60% | $16.2B | |
| Loans | $13.8B | 60% | $11.8B | |
| Deposits | $16.1B | 67% | $13.7B | |
| Return on assets | 0.40% | 11% | 0.96% | |
| Net interest margin | 2.31% | 33% | 2.89% | |
| Efficiency ratio | 80.2% | 78% | 61.0% | |
| Equity to assets | 8.06% | 2% | 10.22% | |
| Loans to deposits | 86% | 50% | 85% |
Growth
Total assets grew 4.4% a year over the last 5 years and 4.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 1995 | American Savings and Loan Association New York, NY | $64M |
| Feb 1992 | Dollar Dry Dock Bank White Plains, NY | $4.0B |
| Dec 1989 | Sag Harbor Savings Bank Sag Harbor, NY | $251M |
| Jan 1987 | Eastern Savings Bank New York City, NY | $806M |
| Dec 1981 | Central Savings Bank New York City, NY | n/a |
Where they operate
79 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| New York County, NY | $6.1B | 0.3% | 23 of 83 |
| Kings County, NY | $2.3B | 3.3% | 8 of 41 |
| Nassau County, NY | $2.2B | 2.2% | 10 of 33 |
| Suffolk County, NY | $1.5B | 2.3% | 11 of 22 |
| Westchester County, NY | $1.4B | 0.5% | 10 of 31 |
| Bronx County, NY | $1.3B | 7.0% | 5 of 23 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1 branch since 2016 (80 to 79, −1.2%). 11 opened, 0 acquired, 12 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 80 | |||
| 2020 | Opened ManhassetClosed New York | 1 | 1 | 0 | 80 |
| 2021 | Opened 3 in New YorkClosed West Babylon | 3 | 1 | +2 | 82 |
| 2022 | Opened 3 in 2 states | 3 | 0 | +3 | 85 |
| 2023 | Opened BrooklynClosed 3 in New York | 1 | 3 | −2 | 83 |
| 2024 | Closed 3 in New York | 0 | 3 | −3 | 80 |
| 2025 | Opened 3 in 2 statesClosed New York and White Plains | 3 | 2 | +1 | 81 |
| 2026 through Q2 | Closed Forest Hills and Staten Island | 0 | 2 | −2 | 79 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Multifamily | 31% | 12% | |
| Business (C&I) | 19% | 29% | |
| Commercial real estate | 18% | 18% | |
| Consumer | 1% | 3% | |
| 1-4 family residential | 0% | 8% | |
| Construction and land | 0% | 4% | |
| Other | 30% | 26% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 76% | |
| Time deposits | 35% | 12% | |
| Noninterest-bearing | 9% | 12% |
Brokered deposits are 8.3% of deposits (peers 5.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.54% | 0.57% |
| Net charge-offs, annualized | 0.04% | 0.14% |
| Reserves to loans | 0.39% | 0.87% |
| Leverage ratio | 7.74% | 10.67% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in New York County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/apple