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 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

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees98
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD4.38%
Annual Interest Income$7.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$341.8MM$320.0MM
LoansQ2 2019vs Q2 2018$282.1MM$274.1MM
DepositsQ2 2019vs Q2 2018$294.3MM$274.5MM
Equity CapitalQ2 2019vs Q2 2018$45.9MM$44.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.9MM$2.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$229.00K$279.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates

Rates for Abacus Federal Savings Bank are currently being reviewed.

Locations


Abacus Federal Savings Bank Locations
Philadelphia Branch147-151 North 10th StreetPhiladelphia, PA 19107
Flushing Branch36-30 Main StreetFlushing, NY 11354
Brooklyn Branch5518 8th AveNew York City, 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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