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 95th largest bank in the state of New York. It is also the 1,945th largest bank in the nation. It was established in 1984 and as of December of 2019, it had grown to 99 employees at 6 locations. Abacus Federal Savings Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees99
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.43%
Annual Interest Income$14.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$353.4MM$339.7MM
LoansQ4 2019vs Q4 2018$294.1MM$283.9MM
DepositsQ4 2019vs Q4 2018$304.9MM$293.1MM
Equity CapitalQ4 2019vs Q4 2018$47.0MM$44.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.0MM$2.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$229.00K$281.00K
Real Estate OwnedQ4 2019vs Q4 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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