Apple Bank For Savings Mortgage Rates, Fees & Info
Manhasset, NYLEI: 549300N1UWZ4871DND44
Tax ID: 13-0822710
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Mortgage Data
Bank Data
Review & 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 two markets are New York and Poughkeepsie .Apple Bank For Savings has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Apple Bank For Savings Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
102Origination Dollar Volume (All Markets)
$695,490,000Employee count
1,307Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $695,490,000 | $6,818,529 | $0 | 2.98% |
For 2021, Apple Bank For Savings's most frequently originated type of loan was Conventional, with 102 originations.
Loan Reason
For 2021, Apple Bank For Savings's most frequently cited loan purpose was Cash Out Refi, with 75 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
For 2021, Apple Bank For Savings's most frequently cited loan duration was 10 Year, with 88 originations. The 2nd most popular length was 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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 applications99.66%
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 origination99.02%
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 |
LTV Distribution
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 | 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 |
| 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 | 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 | 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 | 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 | 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 | 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 |
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 |