ABACUS FEDERAL SAVINGS BANK

NEW YORK, NY · Supervised by OTS

Est. 1984FDIC #32,257

Outstanding Same

Current rating · Exam: May 2009

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.24%

Is this bank safe?

ABACUS FEDERAL SAVINGS BANK earned an Outstanding CRA rating (2009), and meets basic financial requirements (ROA +0.24%).

Institution Profile

FDIC BankFind

Website

www.abacusbank.com

Address

6 Bowery, NEW YORK, NY

County

New York County

Established

November 29, 1984

Total Assets

$319M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

May 4, 2009

Exam Type

Small Bank

Regulator

OTS

What is a CRA rating? →

⚠️This exam is 17 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Download Evaluation Report (PDF)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$319M

Total Deposits

$258M

Net Loans

$246M

Net Income

$190K

ROA

0.24%

Below avg for Small banks. Peer avg: 0.44%

ROE

1.34%

Risk-Based Capital

34.77%

Above avg for Small banks. Regulatory min: 8%

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.24%Peer avg: 0.44%▼ Below avg

Risk-Based Capital34.77%Peer avg: 23.03%▲ Above avg

Mortgage Denial Rate6.29%Peer avg: 6.90%▼ Fewer than avg

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Branch Footprint

FDIC SOD 2025

Total Branches

Branch Deposits

$265M

1-Year Change

-1

5-year net change: -1 branches

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	143	75.52%	6.29%
2023	136	70.59%	6.62%
2022	189	73.02%	8.99%
2021	245	58.37%	11.43%
2020	226	60.62%	18.14%
2019	179	74.3%	7.82%
2018	275	71.64%	8.00%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
May 2009	Outstanding	Small Bank
Nov 2003	Outstanding	Small Bank
Mar 1998	Satisfactory	Small Bank

4 previous ratings locked — back to 1990

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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