Overview / Commentary
Abacus Federal Savings Bank is headquartered in New York and is the 92nd largest bank in the state of New York. It is also the 2,179th largest bank in the nation. It was established in 1984 and as of March of 2021, it had grown to 87 employees at 6 locations. Abacus Federal Savings Bank has an A+ health rating.
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Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32257 |
| Year Established | 1984 |
| Employees | 87 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 6.98% |
| Annual Interest Income | $3.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $358.8MM$346.1MM |
| Loans | Q1 2021vs Q1 2020 | $264.8MM$294.9MM |
| Deposits | Q1 2021vs Q1 2020 | $307.6MM$297.7MM |
| Equity Capital | Q1 2021vs Q1 2020 | $49.4MM$47.0MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $3.3MM$3.0MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $545.00K$229.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |