Applied Bank
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Data as of · sourced from FFIEC call reports. How we update
Applied Bank is an FDIC-insured commercial bank headquartered in Wilmington, DE, established in 1996 (FDIC certificate 34193), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $274.1M, little changed from Q2 2025, the 12th largest of 16 banks headquartered in Delaware.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34193
- Headquarters
- Wilmington, DE
- Established
- 1996
- Total assets, Q2 2026
- $274.1M
- Assets vs Q2 2025
- 0.0%
- Capital ratio
- Not reported
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 031100966
- Latest call report
- Q2 2026, FFIEC 051 · Applied Bank call report
- Asset rank in state
- 12th of 16 in Delaware
Applied Bank is one of the more profitable banks of its size. Based in Wilmington, Delaware, it had $274 million in assets at June 30, 2026. It earns about $2.39 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.60% on its deposits and borrowings, about a third the median of 1.80% for banks its size. Much of that comes from cost control: it spends about 45 cents to bring in each dollar of revenue.
Earnings fell sharply: quarterly net income of $1.5 million was 45% below a year earlier.
As of June 30, 2026, Applied Bank reported a CET1 capital ratio of 78.16%, a return on assets of 2.39%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Applied Bank ranks as the 12th largest of the 16 banks based in Delaware, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 6.2% to $274.1M, loans rose 0.8% and deposits rose 6.6%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 57.7% of total loans, ahead of construction and land development loans at 21.6%. The FDIC Summary of Deposits lists 2 offices for it, in Wilmington, DE and Rehoboth Beach, DE; its Wilmington office books 99% of its branch deposits. On its Q2 2026 call report, Applied Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2200 Concord Pike, Wilmington, DE 19803
- County
- New Castle
- Metro Area
- Philadelphia-Camden-Wilmington, Pa-NJ-De-MD
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 3, Philadelphia
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 1, 1996
- Former names
- Applied Card Bank (2005-2007)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $228.6M
- Allowance for credit losses
- $289K
- Net charge-offs (YTD)
- $0
- Average total assets
- $254.7M
- Average total loans
- $57.7M
- Average interest-bearing deposits
- $124.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 1, 1996
- FDIC Cert
- 34193
- Fed RSSD
- 2467670
- Website
- www.appliedbank.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Applied Bank's total assets ranged from $207.0M (Q3 2023) to $278.4M (Q3 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$274.1M total assets against $274.1M; $229.6M total liabilities against $228.5M.
$55.3M net loans and leases against $54.5M; $228.6M total deposits against $227.5M.
$0 securities against $0; $217.5M cash and balances due against $219.0M.
$2.7M total interest income against $3.3M; $290K total interest expense against $14K.
$2.4M net interest income against $3.3M.
$480K total noninterest income against $616K; $1.3M total noninterest expense against $1.0M.
-$17K provision for credit losses against $7K.
$1.5M net income against $2.8M.
2.39% return on assets against 4.04%; 3.76% net interest margin against 4.87%.
78.16% CET1 capital ratio against 75.72%; 17.49% tier 1 leverage ratio against 16.66%.
Inside the full Applied Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeApplied Bank rankings
Its closest position to the top of a national ranking is 212 of 3,611, for ROA; its furthest is 3,488 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -9.78% (Q4 2025) to 4.28% (Q3 2024) and its net interest margin ran from 3.76% (Q2 2026) to 5.78% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 78.16% | 2.39% | 0.00% | 0.00% | 3.76% |
| Q1 2026 | 72.18% | 2.79% | 0.00% | 0.00% | 4.06% |
| Q4 2025 | 69.23% | -9.78% | 0.00% | 0.00% | 4.56% |
| Q3 2025 | 79.76% | 3.62% | 0.00% | 0.00% | 4.88% |
| Q2 2025 | 75.72% | 4.04% | 0.00% | 0.00% | 4.87% |
| Q1 2025 | 72.89% | 3.55% | 0.00% | 0.00% | 4.82% |
| Q4 2024 | 68.17% | 3.71% | 0.00% | 0.00% | 5.22% |
| Q3 2024 | 87.38% | 4.28% | 0.00% | 0.00% | 5.78% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Applied Bank (main office) | Wilmington , DE | 19803 | $226.4M |
| Rehoboth Beach | Rehoboth Beach , DE | 19971 | $2.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in DE, rank 20 of 31 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Applied Bank
What are Applied Bank's total assets?
As of the Q2 2026 filing, Applied Bank reported total assets of $274.1 million in its FFIEC call report.
Where is Applied Bank headquartered?
It is headquartered in Wilmington, DE, United States.
When was Applied Bank founded?
It was established in 1996, per the FDIC institution directory.
Is Applied Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34193). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Applied Bank?
Applied Bank's primary federal regulator is the FDIC.
What is Applied Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 78.16% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Applied Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Applied Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Applied Bank previously called?
The charter now named Applied Bank has also operated as Applied Card Bank (2005-2007), per FDIC structure-change records.
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