Apple Bank For Savings Mortgage Rates, Fees & Info

Manhasset, NY

LEI: 549300N1UWZ4871DND44

Tax ID: 13-0822710

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Apple Bank For Savings is a smaller bank specializing in Cash Out Refi and Refi loans. Apple Bank For Savings has a high proportion of conventional loans. Their top markets include New York and Poughkeepsie among others. Apple Bank For Savings has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

102

Origination Dollar Volume (All Markets)

$695,490,000

Employee count

1,307

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 101 $685,485,000 $6,786,980 $0 2.98%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 3.33%

Apple Bank For Savings's top markets include New York and Poughkeepsie among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 102 $695,490,000 $6,818,529 $0 2.98%

For the 2021 period, Apple Bank For Savings's most frequently originated loan type of loans were Conventional, with 102 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 75 $521,785,000 $6,957,133 $0 2.94%
Refi 26 $169,700,000 $6,526,923 $0 3.09%
Home Improvement 1 $4,005,000 $4,005,000 $0 3.00%

For the 2021, Apple Bank For Savings's most frequently cited loan purpose of loans were Cash Out Refi, with 75 originations. The 2nd most popular reason of loans were Refi, with 26 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 88 $573,890,000 $6,521,477 $0 2.98%
Other 9 $88,245,000 $9,805,000 $0 2.94%
15 Year 3 $27,745,000 $9,248,333 $0 3.15%
5 Year 2 $5,610,000 $2,805,000 $0 2.85%

For the 2021, Apple Bank For Savings's most frequently cited loan length of loans were 10 Year, with 88 originations. The 2nd most popular length of loans were Other, with 9 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 70 $569,080,000 $8,129,714
3-4% 32 $126,410,000 $3,950,313

During 2021, Apple Bank For Savings's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 70 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 101 $694,735,000 $6,878,564 $0 2.98%
$600k-1MM 1 $755,000 $755,000 $0 3.25%

2021 saw Apple Bank For Savings place emphasis on $1MM+ loans with 101 originations, totaling $694,735,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 102 $695,490,000 $6,818,529 $0 2.98%

Approval Rates

Total approvals of all applications
99.52%

Apple Bank For Savings has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
99.33%

Apple Bank For Savings has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 102 $695,490,000 $6,818,529

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
102 $695,490,000 $6,818,529

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $151,620,000 $6,891,818 $0 3.21%
40-60% 4 $22,250,000 $5,562,500 $0 3.15%
Under 20% 76 $521,620,000 $6,863,421 $0 2.91%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
APPLE FINANCIAL HOLDINGS, INC. Conventional home mortgage Trouble during payment process 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Apple Bank For Savings 10 Downing Street New York, NY 10014 Full Service B&M $145,452
Apple Bank For Savings 1395 Northern Blvd Manhasset, NY 11030 Full Service B&M $419,418
Apple Bank For Savings 1401 Avenue J Brooklyn, NY 11230 Full Service B&M $144,489
Apple Bank For Savings 151 East Sunrise Highway North Lindenhurst, NY 11757 Full Service B&M $114,881
Apple Bank For Savings 1555 First Avenue New York, NY 10028 Full Service B&M $213,433
Apple Bank For Savings 1575 50th Street Brooklyn, NY 11219 Full Service B&M $75,858
Apple Bank For Savings 1617 Avenue M New York City, NY 11230 Full Service B&M $201,967
Apple Bank For Savings 167 Walt Whitman Road Huntington Station, NY 11746 Full Service B&M $127,210
Apple Bank For Savings 168-42 Hillside Avenue New York City, NY 11432 Full Service B&M $92,845
Apple Bank For Savings 169 East 125th Street New York, NY 10035 Full Service B&M $45,913
Apple Bank For Savings 1693 Hempstead Turnpike Elmont, NY 11003 Full Service B&M $147,067
Apple Bank For Savings 1753 East Main Street Mohegan Lake, NY 10547 Full Service B&M $305,779
Apple Bank For Savings 1954 Flatbush Avenue Brooklyn, NY 11234 Full Service B&M $182,958
Apple Bank For Savings 1971-1973 86th Street Brooklyn, NY 11214 Full Service B&M $123,462
Apple Bank For Savings 200 Birch Hill Road Locust Valley, NY 11560 Full Service B&M $121,768
Apple Bank For Savings 2021 Bartow Avenue Bronx, NY 10475 Full Service B&M $266,016
Apple Bank For Savings 2100 Broadway At 73rd Street New York, NY 10023 Full Service B&M $538,200
Apple Bank For Savings 250 W. 23rd Street New York, NY 10011 Full Service B&M $115,119
Apple Bank For Savings 2655 Richmond Avenue, Suite 2005 Staten Island, NY 10314 Full Service B&M $254,005
Apple Bank For Savings 280 East Park Avenue Long Beach, NY 11561 Full Service B&M $214,085
Apple Bank For Savings 3075 Veterans Memorial Highway Ronkonkoma, NY 11779 Full Service B&M $173,513
Apple Bank For Savings 318 Albany Avenue Brooklyn, NY 11213 Full Service B&M $79,922
Apple Bank For Savings 326 Court Street Brooklyn, NY 11231 Full Service B&M $88,874
Apple Bank For Savings 414 Flushing Ave Brooklyn, NY 11205 Full Service B&M $54,349
Apple Bank For Savings 418 Myrtle Avenue New York City, NY 11205 Full Service B&M $62,388
Apple Bank For Savings 426 86th Street Brooklyn, NY 11209 Full Service B&M $30,947
Apple Bank For Savings 43-73 Kissena Boulevard Flushing, NY 11355 Full Service B&M $152,264
Apple Bank For Savings 44 East 161st Street Bronx, NY 10451 Full Service B&M $149,404
Apple Bank For Savings 44 Lee Avenue Brooklyn, NY 11211 Full Service B&M $131,174
Apple Bank For Savings 4519-4521 13th Avenue Brooklyn, NY 11219 Full Service B&M $225,096
Apple Bank For Savings 465 Grand Street New York, NY 10002 Full Service B&M $155,135
Apple Bank For Savings 486 Neptune Avenue Brooklyn, NY 11224 Full Service B&M $137,602
Apple Bank For Savings 4948 Broadway New York City, NY 10040 Full Service B&M $109,118
Apple Bank For Savings 50 Montauk Highway East Hampton, NY 11937 Full Service B&M $117,879
Apple Bank For Savings 91 Route 111 Smithtown Township, NY 11787 Full Service B&M $268,962
Apple Bank For Savings 91-31 Queens Boulevard New York City, NY 11373 Full Service B&M $110,664
Apple Bank For Savings 943 Carmans Road Massapequa, NY 11758 Full Service B&M $147,494
Apple Bank For Savings Columbus Avenue Thornwood, NY 10594 Full Service B&M $271,359
Apple Bank For Savings 115 Cedarhurst Avenue Cedarhurst, NY 11516 Full Service B&M $192,330
Apple Bank For Savings 116-12 Queens Boulevard Forest Hills, NY 11375 Full Service B&M $53,811
Apple Bank For Savings 1168 First Avenue New York, NY 10065 Full Service B&M $94,772
Apple Bank For Savings 1170 Lexington Avenue New York, NY 10028 Full Service B&M $155,043
Apple Bank For Savings 12 Westchester Square Bronx, NY 10462 Full Service B&M $109,339
Apple Bank For Savings 120 East Fordham Road Bronx, NY 10468 Full Service B&M $144,073
Apple Bank For Savings 122 E 42nd St, Fl 9 New York, NY 10168 Full Service B&M $1,887,194
Apple Bank For Savings 1320 Avenue Of The Americas New York, NY 10019 Full Service B&M $112,899
Apple Bank For Savings 1321 Kings Highway Brooklyn, NY 11229 Full Service B&M $164,912
Apple Bank For Savings 138 Main Street Sag Harbor, NY 11963 Full Service B&M $175,556
Apple Bank For Savings 1395 Northern Blvd Manhasset, NY 11030 Full Service Cyber Office $2,888
Apple Bank For Savings 33 Mamaroneck Avenue White Plains, NY 10601 Full Service B&M $125,601
Apple Bank For Savings 333 Glen Cove Avenue Sea Cliff, NY 11579 Full Service B&M $115,642
Apple Bank For Savings 345 Seventh Avenue New York, NY 10001 Full Service B&M $121,215
Apple Bank For Savings 3552 Johnson Avenue Bronx, NY 10463 Full Service B&M $157,568
Apple Bank For Savings 365 South Oyster Bay Road Plainview, NY 11803 Full Service B&M $328,434
Apple Bank For Savings 370 East 149th Street New York City, NY 10455 Full Service B&M $50,595
Apple Bank For Savings 3815 Broadway New York City, NY 10032 Full Service B&M $59,201
Apple Bank For Savings 3986 Hempstead Turnpike Bethpage, NY 11714 Full Service B&M $227,608
Apple Bank For Savings 4 Irving Place New York City, NY 10003 Full Service B&M $217,274
Apple Bank For Savings 405-407 Brighton Beach Avenue Brooklyn, NY 11235 Full Service B&M $131,872
Apple Bank For Savings 41 Commack Road Commack, NY 11725 Full Service B&M $140,795
Apple Bank For Savings 626 Pelham Parkway South New York City, NY 10462 Full Service B&M $153,916
Apple Bank For Savings 6701-03 18th Avenue Brooklyn, NY 11204 Full Service B&M $140,333
Apple Bank For Savings 706 West 181st Street New York, NY 10033 Full Service B&M $171,191
Apple Bank For Savings 74 Hugh Grant Circle Bronx, NY 10472 Full Service B&M $195,622
Apple Bank For Savings 7415 Fifth Avenue Brooklyn, NY 11209 Full Service B&M $129,186
Apple Bank For Savings 75 Route 59 Monsey, NY 10952 Full Service B&M $134,474
Apple Bank For Savings 775 Pulaski Road Greenlawn, NY 11740 Full Service B&M $144,384
Apple Bank For Savings 776 Manhattan Avenue Brooklyn, NY 11222 Full Service B&M $109,387
Apple Bank For Savings 78-01 37th Avenue Jackson Heights, NY 11372 Full Service B&M $77,609
Apple Bank For Savings 812 Lexington Avenue #814 New York, NY 10065 Full Service B&M $170,495
Apple Bank For Savings 85 Pondfield Road Bronxville, NY 10708 Full Service B&M $240,512
Apple Bank For Savings 10 Hanover Square New York, NY 10005 Full Service B&M $74,886
Apple Bank For Savings 10 Route 25a East Setauket, NY 11733 Full Service B&M $192,977
Apple Bank For Savings 1000 Merchant Concourse Westbury, NY 11590 Full Service B&M $293,243
Apple Bank For Savings 1000 West Montauk Highway West Babylon, NY 11704 Full Service B&M $142,402
Apple Bank For Savings 101 East 170th Street New York City, NY 10452 Full Service B&M $54,809
Apple Bank For Savings 102-35 Queens Boulevard New York City, NY 11375 Full Service B&M $296,971
Apple Bank For Savings 105 Second Avenue New York, NY 10003 Full Service B&M $83,832
Apple Bank For Savings 1075 Central Park Avenue Scarsdale, NY 10583 Full Service B&M $344,998
Apple Bank For Savings 110 Church Street New York, NY 10007 Full Service B&M $165,218

For 2021, Apple Bank For Savings had 80 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $361,545
Net interest income $296,800
Total noninterest income $24,893
Gross Fiduciary activities income $0
Service charges on deposit accounts $4,503
Trading account gains and fees $-553
Additional Noninterest Income $20,943
Pre-tax net operating income $66,768
Securities gains (or losses, -) $623
Income before extraordinary items $50,027
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $50,027
Minority interest net income $0
Net income $50,027
Sale, conversion, retirement of capital stock, net $0
Net operating income $49,534

Apple Bank For Savings's gross interest income from loans was $361,545,000.
Apple Bank For Savings's net interest income from loans was $296,800,000.
Apple Bank For Savings's fee based income from loans was $4,503,000.
Apple Bank For Savings's net income from loans was $50,027,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $64,745
Provision for credit losses $-2,716
Total noninterest expense $257,641
Salaries and employee benefits $158,558
Premises and equipment expense $48,856
Additional noninterest expense $50,227
Applicable income taxes $17,364
Net charge-offs $6,721
Cash dividends $7,600

Apple Bank For Savings's interest expense for loans was $64,745,000.
Apple Bank For Savings's payroll and benefits expense were $158,558,000.
Apple Bank For Savings's property, plant and equipment expenses $48,856,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 1.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $13,982,342
Deposits held in domestic offices $13,982,342
Deposits by Individuals, partnerships, and corporations $13,974,394
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $6,737
Deposits by Commercial banks and other depository institutions in U.S. $1,211
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,104,751
Demand deposits $1,359,965
Nontransaction accounts $11,877,591
Money market deposit accounts (MMDAs) $2,162,931
Other savings deposits (excluding MMDAs) $5,042,642
Total time deposits $4,672,019
Total time and savings deposits $12,622,377
Noninterest-bearing deposits $1,359,965
Interest-bearing deposits $12,622,377
Retail deposits $12,680,058
IRAs and Keogh plan accounts $466,967
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $16,056,838
Cash & Balances due from depository institutions $758,415
Interest-bearing balances $648,258
Total securities $3,833,324
Federal funds sold & reverse repurchase $0
Net loans and leases $10,424,704
Loan and leases loss allowance $58,372
Trading account assets $153,583
Bank premises and fixed assets $199,840
Other real estate owned $58
Goodwill and other intangibles $274,072
All other assets $412,842

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $16,056,838
Total Liabilities $14,660,976
Total deposits $13,982,342
Interest-bearing deposits $12,622,377
Deposits held in domestic offices $13,982,342
% insured (estimated) $76
Federal funds purchased and repurchase agreements $0
Trading liabilities $1,285
Other borrowed funds $450,712
Subordinated debt $0
All other liabilities $226,637

Issued Loan Types

Type Value (in 000's)
Net loans and leases $10,424,704
Loan and leases loss allowance $58,372
Total loans and leases (domestic) $10,483,076
All real estate loans $5,656,949
Real estate loans in domestic offices $5,656,949
Construction and development loans $0
Residential 1-4 family construction $0
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $2,047,634
Nonfarm nonresidential secured by owner-occupied properties $291
Commercial real estate & other non-farm, non-residential $2,047,343
Multifamily residential real estate $3,535,692
1-4 family residential loans $73,623
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $4,327,743
To non-U.S. addressees $2,800,825
Loans to individuals $56,268
Credit card loans $0
Related Plans $661
Consumer Auto Loans $0
Other loans to individuals $55,607
All other loans & leases $442,116
Loans to foreign governments and official institutions $0
Other loans $298,894
Loans to depository institutions and acceptances of other banks $143,222
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $3,921
Restructured Loans & leases $133
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Apple Bank for Savings had $10,424,704,000 of loans outstanding in 2021. $5,656,949,000 of loans were in real estate loans. $0 of loans were in development loans. $3,535,692,000 of loans were in multifamily mortgage loans. $73,623,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 5 $1,877 $375,400
Nonfarm, nonresidential loans - $250k-1MM 5 $1,877 $375,400