Abacus Federal Savings Bank
LOCATIONS
6
View locations
HEALTH RATING
A+
View health report
CURRENT TOP RATE
2.02% APY
5 Year CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.02% | 5-year CD | 5 Year CD 2.25% - Ally Bank High Yield 5 Year CD |
| 0.90% | 1-year CD | 1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 1.71% | 4-year CD | 4 Year CD |
Overview / Commentary
Abacus Federal Savings Bank is headquartered in New York and is the 108th largest bank in the state of New York. It is also the 2,555th largest bank in the nation. It was established in 1984 and as of March of 2017, it had grown to 90 employees at 6 locations. Abacus Federal Savings Bank's CD rates are 33% higher than the national average, and it boasts an A+ health rating.
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Health
A+
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32257 |
| Year Established | 1984 |
| Employees | 90 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.21% |
| Return on Equity - YTD | 1.21% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $249.0MM$236.1MM |
| Loans | Q1 2017vs Q1 2016 | $201.6MM$180.1MM |
| Deposits | Q1 2017vs Q1 2016 | $203.8MM$193.1MM |
| Equity Capital | Q1 2017vs Q1 2016 | $42.8MM$41.6MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $2.1MM$1.9MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $276.00K$278.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$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 |