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Overview / Commentary
212-285-4770
6 Bowery
New York, NY 10013

Abacus Federal Savings Bank is headquartered in New York and is the 96th largest bank in the state of New York. It is also the 2,016th largest bank in the nation. It was established in 1984 and as of March of 2018, it had grown to 93 employees at 6 locations. Abacus Federal Savings Bank's savings rates are 3X the national average, and it boasts an A+ health rating.

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Jumbo CD Specials - 1/30/2018

2-year Jumbo CD Special, 2.15% APY, $50k minimum 3-year Jumbo CD Special, 2.35% APY, $50k minimum "Abacus: Small Enough to Jail" is a 2016 American documentary film by Steve James. The film centers on the Abacus Federal Savings Bank, a family-owned community bank situated in Manhattan's Chinatown in New York City which, because it was deemed "small enough to jail" rather than "too big to fail", became the only financial institution to actually face criminal charges following the subprime mortgage crisis. Abacus was found not guilty. The film is nominated for Best Documentary Feature at this year's Academy Awards.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees93
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.76%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$330.6MM$249.0MM
LoansQ1 2018vs Q1 2017$268.0MM$201.6MM
DepositsQ1 2018vs Q1 2017$285.7MM$203.8MM
Equity CapitalQ1 2018vs Q1 2017$43.6MM$42.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.7MM$2.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$752.00K$276.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Abacus Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$100k*-Summer Savings Account Celebration Special
OTHER TIERS: 1.25% $25k - $50k | 1.35% $50k - $100k
1.05%*$100k*-Regular Savings Account
OTHER TIERS: 0.05% $250 - $2,500 | 0.20% $2,500 - $5k | 0.45% $5k - $10k | 0.65% $10k - $25k | 0.75% $25k - $50k | 0.95% $50k - $100k

Abacus Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$50k-5 Year Jumbo CD
2.55%$1k-5 Year CD
2.55%$50k-4 Year Jumbo CD
2.35%$1k-4 Year CD
2.35%$50k-3 Year Jumbo CD
2.35%$10k-3 Year CD Summer Celebration Special
2.25%$10k-2 Year Summer Celebration CD Special
2.25%$50k-2 Year Jumbo CD
2.15%$1k-3 Year CD
2.05%$1k-2 Year CD
1.85%$50k-1 Year Jumbo CD
1.75%$1k-1 Year CD
0.80%$1k-9 Month CD
0.70%$1k-182 Day CD
0.50%$1k-91 Day CD

Abacus Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$50k-5 Year Jumbo IRA
2.42%$50k-4 Year Jumbo IRA
2.27%$1k-5 Year IRA
2.20%$50k-3 Year Jumbo IRA
2.16%$1k-4 Year IRA
2.07%$50k-2 Year Jumbo IRA
1.94%$1k-3 Year IRA
1.85%$1k-2 Year IRA CD
1.61%$50k-1 Year Jumbo IRA
1.51%$1k-1 Year IRA CD
Locations


Abacus Federal Savings Bank Locations
Edison Branch869 U.S. Route 1 SouthEdison, NJ 08817
Flushing Branch36-30 Main StreetFlushing, NY 11354
Brooklyn Branch5518 8th AveNew York City, NY 11220
Abacus Federal Savings Bank6 BoweryNew York, NY 10013
World Trade Center Branch116 Nassau StreetNew York, NY 10038
Philadelphia Branch147-151 North 10th StreetPhiladelphia, PA 19107

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