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Since its founding in 1863, Apple Bank has been a stable and consistent banking presence in New York City neighborhoods and surrounding communities. We seek to put the best interests of our customers first and to manage our company prudently and responsibly.
Our customers’ trust, loyalty and support is intrinsic to our success and is never taken for granted. We work to provide high quality products and services suited to the diverse needs of our customers, along with responsive and secure technology networks, platforms and applications. We deliver our services so customers can bank their way – at a branch, by phone or 24/7 on a desktop or mobile device. We will continue to develop and enhance our products and technology to give our customers the resources they need to achieve their financial goals, while protecting the security and privacy of their account information.
We are dedicated to neighborhood branch banking in our communities, and our bankers are here to help. They work and live locally, so they face the same challenges and opportunities our customers do and understand their priorities. Through changing times, Apple’s branch network has expanded to 79 locations from East Hampton to East Harlem and from Staten Island to upper Westchester and Rockland counties. As we enter into new communities, we will continue to focus on personal service and will never grow too big to succeed.
Apple Bank marks its 27th consecutive year of uninterrupted profitability in 2018. Our prudent financial and risk management has enabled the Bank to remain solidly profitable, with strong credit quality and virtually no non-performing loans. Our balance sheet is composed of high-quality loans and securities and our capital ratios are in excess of all regulatory requirements. As the second-largest state-chartered savings bank in New York, we have $13.8 billion in assets as of September 30, 2018.
We have a direct interest in contributing to the quality of life in the neighborhoods we serve. We give back to our communities in ways that foster economic development and renewal. We provide sponsorships and donations to many local and regional organizations. We partner with community organizations on food drives, financial literacy, education and multicultural programs. Many of our employees volunteer their time and talent in the communities in which they live and work.
After 155 years in business, we are ready to meet both the challenges and the opportunities to come. As the banking business becomes more centralized and de-personalized, we look forward to continuing in our own tradition of customer service and personal banking.
Steven C. Bush
Chairman, President and Chief Executive Officer