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 92nd largest bank in the state of New York. It is also the 2,179th largest bank in the nation. It was established in 1984 and as of March of 2021, it had grown to 87 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
Employees87
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD6.98%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$358.8MM$346.1MM
LoansQ1 2021vs Q1 2020$264.8MM$294.9MM
DepositsQ1 2021vs Q1 2020$307.6MM$297.7MM
Equity CapitalQ1 2021vs Q1 2020$49.4MM$47.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$3.3MM$3.0MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$545.00K$229.00K
Real Estate OwnedQ1 2021vs Q1 2020$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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