Overview / Commentary
Abacus Federal Savings Bank is headquartered in New York and is the 93rd largest bank in the state of New York. It is also the 2,043rd largest bank in the nation. It was established in 1984 and as of June of 2020, it had grown to 81 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 | 81 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 3.79% |
| Annual Interest Income | $6.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $365.5MM$341.8MM |
| Loans | Q2 2020vs Q2 2019 | $294.0MM$282.1MM |
| Deposits | Q2 2020vs Q2 2019 | $316.0MM$294.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $47.9MM$45.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.1MM$2.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.1MM$229.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |