Apple Bank for Savings in Manhasset, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Apple Bank for Savings - Overview

  • General
  • FDIC Certificate #: 16068
    Status: Active
    Federal Reserve ID: 249612
    Bank Holding Company (Regulatory Top Holder): Apple Financial Holdings, Inc. (RSSDID: 3446412, Location: New York, NY)
    Date Established: April 17, 1863
    WWW: http://www.theapplebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 51 (Domestic: 51, Interstate: No)
    FDIC's unique #: 10290
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1395 Northern Boulevard, Manhasset, NY 11030
    County: Nassau
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Nassau-Suffolk, NY (#35004)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $7,582.2 mil
    Equity capital: $709.5 mil
    Deposits held in domestic offices: $6,688.3 mil
    Return on assets (ROA): 0.60% ($45.5 mil)
    Quarterly return on assets: 0.95% ($72.0 mil)
    Return on Equity (ROE): 6.06% ($43.0 mil)
    Quarterly return on equity: 9.97% ($70.7 mil)
    Net income: $41.6 mil
    Quarterly Net income: $17.4 mil
    Pretax return on assets: 0.88% ($66,723.8 mil)
    Quarterly Pretax return on assets: 1.41% ($106,909.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 630Total employees (full-time equivalent)
  • $7,582,245Total assets
  • $454,309Cash and due from depository institutions
  • $404,420Interest-bearing balances
  • $1,382,414Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,392,401Net loans & leases
  • $9,649Loan loss allowance
  • $1,098,208Trading account assets
  • $25,898Bank premises and fixed assets
  • $0Other real estate owned
  • $3,251Goodwill and other intangibles
  • $7,582,245Life insurance assets
  • $225,764All other assets
  • $6,871,884Total liabilities and capital
  • $6,688,271Total liabilities
  • $6,476,966Total deposits
  • $6,688,271Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $42,874Federal funds purchased & repurchase agreements
  • $882Trading liabilities
  • $0Other borrowed funds
  • $139,857Subordinated debt
  • $710,361All other liabilities
  • $709,499Total equity capital
  • $709,499Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $9,270Surplus
  • $700,228Undivided profits
  • Memoranda
  • $862Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,578Income earned, not collected on loans
  • $696Earning assets
  • $26,812Long-term assets (5+ years)
  • $7,277,320Average Assets, year-to-date
  • $1,951,720Average Assets, quarterly
  • $6,946,956Volatile liabilities
  • $7,330,789Insider loans
  • $2,735,433FHLB advances
  • $7,325,284Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $697,365Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,210,557Restructured Loans and leases
  • $200,008Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $186,829Total interest income
  • $49,380Total interest expense
  • $137,449Net interest income
  • $1,887Provision for loan and lease losses
  • $9,665Total noninterest income
  • $0Fiduciary activities
  • $6,309Service charges on deposit accounts
  • $247Trading account gains & fees
  • $3,109Additional noninterest income
  • $84,962Total noninterest expense
  • $53,614Salaries and employee benefits
  • $15,617Premises and equipment expense
  • $15,731Additional noninterest expense
  • $60,265Pre-tax net operating income
  • $585Securities gains (losses)
  • $19,275Applicable income taxes
  • $41,575Income before extraordinary items
  • $0Extraordinary gains - net
  • $41,551Net income attributable to bank
  • $24Net charge-offs
  • $41,575Cash dividends
  • -$59Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.79%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 2.06%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.27%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 6.06%Return on equity (ROE)
  • 3.14%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -3198.31%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,752Assets per employee
  • 12.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.13%Loss allowance to loans
  • 0.22%Loss allowance to noncurrent loans
  • 172.98%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 65.67%Net loans and leases to core deposits
  • 76.03%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 25.49%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $6,946,956Average earning assets
  • $685,858Average equity
  • $6,685,602Average loans

List of branches

  • 51 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010290Apple Bank For Savings1395 Northern Boulevard, Manhasset, NY 11030April 17, 1863Full Service Brick and Mortar
    1237122Scarsdale Branch1075 Central Park Avenue, Scarsdale, NY 10583January 03, 1966Full Service Brick and Mortar
    2237123181st Street Branch706 West 181st Street, New York, NY 10033April 29, 1929Full Service Brick and Mortar
    3237124159th Street Branch3815 Broadway, New York City, NY 10032January 01, 1933Full Service Brick and Mortar
    4237125125th Street Branch124 East 125th Street, New York City, NY 10035December 03, 1953Full Service Brick and Mortar
    5237126207th Street Branch4948 Broadway, New York City, NY 10040August 26, 1940Full Service Brick and Mortar
    6237127Massapequa Branch943 Carmans Road, Massapequa, NY 11758March 18, 1974Full Service Brick and Mortar
    7237128Yorkville Branch1555 First Avenue, New York, NY 10028July 06, 1978Full Service Brick and Mortar
    81028773rd Street2100 Broadway At 73rd Street, New York, NY 10023January 01, 1859Full Service Brick and Mortar
    9237084Fourteenth Street Branch4 Irving Place, New York City, NY 10003January 01, 1959Full Service Brick and Mortar
    1023708653rd Street Branch1330 Avenue Of The Americas, New York, NY 10019September 15, 1960Full Service Brick and Mortar
    11237087Hanover Square10 Hanover Square, New York, NY 10005December 01, 1966Full Service Brick and Mortar
    14237090Smithtown Branch91 Route 111, Smithtown Township, NY 11787March 18, 1976Full Service Brick and Mortar
    16237092Greenlawn Branch775 Pulaski Road, Greenlawn, NY 11740March 23, 1979Full Service Brick and Mortar
    1723712942nd Street Branch122 East 42nd Street, New York, NY 10017October 12, 1988Full Service Brick and Mortar
    1810189Westchester Square Branch12 Westchester Square, Bronx, NY 10462January 01, 1905Full Service Brick and Mortar
    19236146Pelham Parkway Branch626 Pelham Parkway South, New York City, NY 10462June 04, 1949Full Service Brick and Mortar
    20236150Grand Concourse Branch46-48 East 161st Street, Bronx, NY 10451June 04, 1966Full Service Brick and Mortar
    21236151Carle Place Branch195 Old Country Road, Carle Place, NY 11514January 03, 1970Full Service Brick and Mortar
    22236152Thornwood BranchColumbus Avenue, Thornwood, NY 10594March 17, 1973Full Service Brick and Mortar
    24236154West Babylon Branch1000 West Montauk Highway, West Babylon, NY 11704March 19, 1976Full Service Brick and Mortar
    26236864North Lindenhurst Branch151 East Sunrise Highway, North Lindenhurst, NY 11757March 21, 1981Full Service Brick and Mortar
    29237132Ronkonkoma Branch3075 Veterans Memorial Highway, Ronkonkoma, NY 11779January 15, 1988Full Service Brick and Mortar
    3310215Sag Harbor BranchMain Street, Sag Harbor, NY 11963April 12, 1860Full Service Brick and Mortar
    34236352Commack Branch41 Commack Road, Commack, NY 11725June 12, 1971Full Service Brick and Mortar
    36236354East Setauket Branch10 Route 25a, East Setauket, NY 11733March 22, 1975Full Service Brick and Mortar
    37236355East Hampton Branch50 Montauk Highway, East Hampton, NY 11937June 18, 1977Full Service Brick and Mortar
    39237099Flushing Branch43-71/75 Kissena Boulevard, New York City, NY 11355June 23, 1971Full Service Brick and Mortar
    41277158Court Street Branch326 Court Street, Brooklyn, NY 11231January 01, 1888Full Service Brick and Mortar
    42237137East 64th Street Branch1168 First Avenue, New York, NY 10021May 28, 1996Full Service Brick and Mortar
    43237138Kings Highway Branch1321 Kings Highway, Brooklyn, NY 11229July 23, 1996Full Service Brick and Mortar
    45237140Bayridge Branch7415 Fifth Avenue, Brooklyn, NY 11209December 06, 1996Full Service Brick and Mortar
    46237141Boro Park Branch4519-4521 13th Avenue, Brooklyn, NY 11219January 19, 1997Full Service Brick and Mortar
    47237142Bensonhurst Branch1971-1975 86th Street, Brooklyn, NY 11214January 13, 1997Full Service Brick and Mortar
    48237143Avenue J. Branch1401 Avenue J, Brooklyn, NY 11230August 04, 1997Full Service Brick and Mortar
    49237144Riverdale Branch3552 Johnson Avenue, Bronx, NY 10463September 20, 1997Full Service Brick and Mortar
    5023714518th Avenue Branch6701-03 18th Avenue, Brooklyn, NY 11204August 09, 1997Full Service Brick and Mortar
    51237146Brighton Beach Avenue Branch405-407 Brighton Beach Avenue, Brooklyn, NY 11235March 14, 1998Full Service Brick and Mortar
    52237147Coney Island Branch486 Neptune Avenue, Brooklyn, NY 11224August 08, 1998Full Service Brick and Mortar
    53356838Greenpoint Branch776 Manhattan Avenue, Brooklyn, NY 11222June 29, 2000Full Service Brick and Mortar
    5435816016th Avenue Branch1575 50th Street, Brooklyn, NY 11219September 10, 2000Full Service Brick and Mortar
    55359319Cedarhurst Branch115 Cedarhurst Avenue, Cedarhurst, NY 11516December 15, 2000Full Service Brick and Mortar
    56363138Plainview Branch365 South Oyster Bay Road, Plainview, NY 11803Febuary 09, 2002Full Service Brick and Mortar
    57365364Williamsburg Branch44 Lee Avenue, Brooklyn, NY 11211September 06, 2001Full Service Brick and Mortar
    59422503Forest Hills Branch102-29 Queens Boulevard, Forest Hills, NY 11375August 19, 2002Full Service Brick and Mortar
    60422504Avenue M Branch1817 Avenue M, Brooklyn, NY 11230January 17, 2003Full Service Brick and Mortar
    61430172318 Albany Avenue318 Albany Avenue, Brooklyn, NY 11213July 28, 2004Full Service Brick and Mortar
    62444086Flushing Avenue Branch414 Flushing Ave, Brooklyn, NY 11205May 06, 2005Full Service Brick and Mortar
    63444087Staten Island Branch2655 Richmond Avenue, Staten Island, NY 10314May 23, 2005Full Service Brick and Mortar
    64460566Kew Gardens Branch116-12 Queens Boulevard, Forest Hills, NY 11375Febuary 05, 2007Full Service Brick and Mortar
    65465503Www.Theapplebank.com Branch1395 Northern Blvd., Manhasset, NY 11030July 01, 2006Full Service Cyber

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