Abacus Federal Savings Bank
LOCATIONS
6
View locations
HEALTH RATING
A+
View health report
CURRENT TOP RATE
1.46% APY
5 Year CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.46% | 5-year CD | 5 Year CD 1.85% - Synchrony Bank 60 Month CD |
| 0.65% | 1-year CD | 1 Year CD 1.05% - Ally Bank High Yield 12-Month CD |
| 1.36% | 4-year CD | 4 Year CD |
Overview / Commentary
Abacus Federal Savings Bank is headquartered in New York and is the 107th largest bank in the state of New York. It is also the 2,571st largest bank in the nation. It was established in 1984 and as of June of 2016, it had grown to 92 employees at 6 locations. Abacus Federal Savings Bank's CD rates are 17% higher than the national average, and it boasts an A+ health rating.
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Health
A+
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32257 |
| Year Established | 1984 |
| Employees | 92 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 0.92% |
| Annual Interest Income | $4.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $246.1MM$224.7MM |
| Loans | Q2 2016vs Q2 2015 | $186.5MM$137.7MM |
| Deposits | Q2 2016vs Q2 2015 | $202.7MM$190.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $42.0MM$32.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.9MM$1.7MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $670.00K$191.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $489.00K$489.00K |
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Abacus Federal Savings Bank CD Rates
Abacus Federal Savings Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $1k | - | 1 Year IRA CD |
Locations
| Abacus Federal Savings Bank Locations | ||
|---|---|---|
| Edison Branch | 869 U.S. Route 1 South | Edison, NJ 08817 |
| 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 |
| World Trade Center Branch | 116 Nassau Street | New York, NY 10038 |
| Philadelphia Branch | 147-151 North 10th Street | Philadelphia, PA 19107 |