Apple Bank: how it compares with its peers
Against 10 NY banks with half to twice its assets, Apple Bank's strongest measure in Q2 2026 is net interest margin (2.31% vs. a 2.39% peer median). Its weakest relative measure is efficiency ratio (80.24% vs. 56.10%).
| Measure | Apple Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.39% | 0.95% | Bottom third Ahead of 30% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.31% | 2.39% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 80.24% | 56.10% | Bottom third Ahead of 10% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $15.8M | $16.1M | Middle third Ahead of 43% of peers |
| Loans to deposits Net loans and leases over total deposits. | 85.28% | 85.78% | Context |
What it means for lending operations
Its efficiency ratio of 80.24% is above the 56.10% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Community Bank, National Association Canton, NY · $17.45B
- State Bank of India New York, NY · $22.51B
- Bank of Baroda New York, NY · $16.24B
- NBT Bank, National Association Norwich, NY · $16.09B
- Safra National Bank of New York New York, NY · $15.69B
- Dime Commercial Bank Hauppauge, NY · $15.03B
Questions about Apple Bank
How big is Apple Bank?
Apple Bank, established in 1863, is headquartered in New York, NY. It reported $19.89B in total assets in its Q2 2026 FDIC call report and operates 79 offices.
What is Apple Bank's return on assets?
0.39% annualized in Q2 2026, against a 0.95% median for 10 NY banks with half to twice its assets, ahead of 30% of them.
What is Apple Bank's efficiency ratio?
80.24% in Q2 2026: it spent about 80 cents in noninterest expense for each dollar of revenue. The peer median is 56.10%, and lower is better.
Is Apple Bank growing its loans?
Net loans grew 6.7% over the year to Q2 2026, while deposits grew 9.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NY banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New York bank ranked.