Apple Bank

What sets Apple Bank apart

• Among the 126 banks of $10 bn to $100 bn, few report a lower return on assets (ROA) than Apple Bank, at 0.39% in Q2 2026; the group median is 1.25%.
• Apple Bank reports one of the lowest net interest margin readings among banks of $10 bn to $100 bn: 2.31% at Q2 2026, where the median of the 126 banks is 3.62%.
• The return on equity (ROE) of Apple Bank, 4.83% at Q2 2026, places Apple Bank in the bottom tenth of banks of $10 bn to $100 bn (group median 10.71%).

How large is Apple Bank?

The balance sheet of Apple Bank at Q2 2026: assets $19.9 bn, deposits $16.1 bn, net loans $13.8 bn (loans equal to 85.28% of deposits). Securities make up 20.9% of total assets at Apple Bank. Since Q1 2016, when Apple Bank held $12.9 bn, its assets grew 54.6%. In the year to Q2 2026, deposits at Apple Bank rose 9.9% while its total assets rose 8.4%. At Q2 2026, Apple Bank employed 1,260 full-time equivalent staff across 79 offices, about $15.8 mn of assets per employee and $204.2 mn of deposits per office.

How much funding at Apple Bank is uninsured?

At Apple Bank, uninsured deposits (above the FDIC limit) made up 21.01% of domestic deposits at Q2 2026 (-0.04 pp on a year earlier); Apple Bank ranks 404th of 500 on this measure. In dollars, Apple Bank estimated $3.4 bn of uninsured deposits.

Key facts, Q2 2026

US rank of Apple Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Apple Bank stood at 11.68% in Q2 2026, +0.46 pp year on year. Low and high at Apple Bank since Q1 2016: 11.00% (Q3 2022) to 14.15% (Q1 2018). Equity capital of Apple Bank at Q2 2026: $1.6 bn, or 8.1% of total assets. Apple Bank also reported a total capital ratio of 12.12% for Q2 2026, and a tier 1 leverage ratio of 7.74%.

On held-to-maturity securities, Apple Bank carried an unrealized loss of $49.4 mn at Q2 2026, equal to 3.1% of equity capital. The loss narrowed by $6.6 mn over the year. Its deepest point: $80.0 mn in Q3 2023. The available-for-sale portfolio of Apple Bank showed an unrealized loss of $145.6 mn at Q2 2026; the loss narrowed by $24.7 mn over the year.

For the year to Q2 2026, Apple Bank earned a return on equity of 4.83%; return on assets: 0.39%. Net interest margin at Apple Bank: 2.31%, +0.07 pp in a year. Apple Bank net income: $38.3 mn, up 59.8% year on year. The efficiency ratio of Apple Bank was 80.24%: about 80 cents cost per revenue dollar, against 48 cents at the median peer.

At Q2 2026, noncurrent loans were 0.44% of total loans at Apple Bank; net charge-offs: 0.04% of average loans. Gross loans and leases at Apple Bank: $13.8 bn, up 6.6% in a year.

The peer group of Apple Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 0 share the charter type of Apple Bank (state-chartered stock savings bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in New York. Against them, Apple Bank shows CET1 ratio 11.68% against a peer median of 12.56%, return on equity 4.83% against a peer median of 16.13% and uninsured deposit share 21.01% against a peer median of 37.72%.

No merger or acquisition by Apple Bank appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.