Overview / Commentary
Abacus Federal Savings Bank is headquartered in NEW YORK and is the 89th largest bank in the state of New York. It is also the 2,338th largest bank in the nation. It was established in 1984 and as of March of 2024, it had grown to 75 employees at 6 locations. Abacus Federal Savings Bank has an A+ health rating.
Health
A+
Data as of Q1 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32257 |
| Year Established | 1984 |
| Employees | 75 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 2.44% |
| Annual Interest Income | $4.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $327.2MM$310.1MM |
| Loans | Q1 2024vs Q1 2023 | $258.7MM$249.4MM |
| Deposits | Q1 2024vs Q1 2023 | $270.9MM$254.9MM |
| Equity Capital | Q1 2024vs Q1 2023 | $53.9MM$52.1MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $3MM$3MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $1.5MM$2.3MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $192K$145K |