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ASCN (Absecon Bancorp) Total Deposits : $169.91 Mil (As of Dec. 2023)


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What is Absecon Bancorp Total Deposits?

Absecon Bancorp's annual total deposits increased from Dec. 2021 ($164.79 Mil) to Dec. 2022 ($169.57 Mil) and increased from Dec. 2022 ($169.57 Mil) to Dec. 2023 ($169.91 Mil).

Absecon Bancorp Total Deposits Historical Data

The historical data trend for Absecon Bancorp's Total Deposits can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Absecon Bancorp Total Deposits Chart

Absecon Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Deposits
129.27 146.58 164.79 169.57 169.91

Absecon Bancorp Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Total Deposits 129.27 146.58 164.79 169.57 169.91

Absecon Bancorp Total Deposits Calculation

Total Deposits that banks' customers have in their accounts. This is an very important source of banks' liquidity.

When banks' customers flood to their banks to take their deposit out, it may be called "Bank Run", which may bring down a bank due to liquidity issues.

Absecon Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Total Deposits
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Traded in Other Exchanges
N/A
Address
106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409
Website
https://www.fnbabsecon.com
Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020