Overview / Commentary
Abacus Federal Savings Bank is headquartered in New York and is the 97th largest bank in the state of New York. It is also the 1,968th largest bank in the nation. It was established in 1984 and as of June of 2019, it had grown to 98 employees at 6 locations. Abacus Federal Savings Bank has an A health rating.
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Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32257 |
| Year Established | 1984 |
| Employees | 98 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 4.38% |
| Annual Interest Income | $7.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $341.8MM$320.0MM |
| Loans | Q2 2019vs Q2 2018 | $282.1MM$274.1MM |
| Deposits | Q2 2019vs Q2 2018 | $294.3MM$274.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $45.9MM$44.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.9MM$2.8MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $229.00K$279.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
Rates for Abacus Federal Savings Bank are currently being reviewed.
Locations
| Abacus Federal Savings Bank Locations | ||
|---|---|---|
| Philadelphia Branch | 147-151 North 10th Street | Philadelphia, PA 19107 |
| Flushing Branch | 36-30 Main Street | Flushing, NY 11354 |
| Brooklyn Branch | 5518 8th Ave | New York City, NY 11220 |
| Abacus Federal Savings Bank | 6 Bowery | New York, NY 10013 |
| Edison Branch | 869 U.S. Route 1 South | Edison, NJ 08817 |
| World Trade Center Branch | 116 Nassau Street | New York, NY 10038 |