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 93rd largest bank in the state of New York. It is also the 2,043rd largest bank in the nation. It was established in 1984 and as of June of 2020, it had grown to 81 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
Employees81
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD3.79%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$365.5MM$341.8MM
LoansQ2 2020vs Q2 2019$294.0MM$282.1MM
DepositsQ2 2020vs Q2 2019$316.0MM$294.3MM
Equity CapitalQ2 2020vs Q2 2019$47.9MM$45.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.1MM$2.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$229.00K
Real Estate OwnedQ2 2020vs Q2 2019$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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