Abacus Federal Savings Bank


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

Abacus Federal Savings Bank is headquartered in New York and is the 90th largest bank in the state of New York. It is also the 2,355th largest bank in the nation. It was established in 1984 and as of March of 2022, it had grown to 77 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 Established1984
Employees77
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD3.49%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$327.7MM$358.8MM
LoansQ1 2022vs Q1 2021$237.9MM$264.8MM
DepositsQ1 2022vs Q1 2021$273.2MM$307.6MM
Equity CapitalQ1 2022vs Q1 2021$51.0MM$49.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$3.0MM$3.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$545.00K$545.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates

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Locations


Abacus Federal Savings Bank Locations
Philadelphia Branch147-151 North 10th StreetPhiladelphia, PA 19107
Flushing Branch36-30 Main StreetFlushing, NY 11354
Brooklyn Branch4824 8th AveBrooklyn, NY 11220
Abacus Federal Savings Bank6 BoweryNew York, NY 10013
Edison Branch869 U.S. Route 1 SouthEdison, NJ 08817
World Trade Center Branch116 Nassau StreetNew York, NY 10038

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