Flagstar Bank, FSB

Headquarters

5151 Corporate Dr
Troy, MI 48098
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 2.55% →
1-Year CD 0.15% 2.80% →
2-Year CD 0.20% 3.20% →
5-Year CD 0.40% 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC 5.49% 2.79% →

2022 Overview

General Bank Information

Flagstar Bank, FSB is an FDIC insured institution located in Troy, MI. It was founded in 1987 and has approximately $23.19 billion in assets. Customers can open an account at one of its 100 branches.

FDIC Insured Yes
FDIC Certificate # 32541
Date Established 1987
Assets $ 23.19 billion
Loans $ 17.84 billion
Deposits $ 18.05 billion
Capital $ 2.88 billion
 

For a more detailed analysis of Flagstar Bank, FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 13, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.03% $10,000 $14,999 Learn More
Money Market
0.03% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.20% $100,000 $199,999 Learn More
30 Mo CD
0.20% $10,000 $14,999 Learn More
30 Mo CD
0.20% $100,000 $199,999 Learn More
36 Mo CD
0.20% $10,000 $14,999 Learn More
36 Mo CD
0.20% $100,000 $199,999 Learn More
48 Mo CD
0.30% $10,000 $14,999 Learn More
48 Mo CD
0.30% $100,000 $199,999 Learn More
60 Mo CD
0.40% $10,000 $14,999 Learn More
60 Mo CD
0.40% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
SimplyMax Checking account 0.00% $5,000 $25.00 Learn MoreShow Less
SimplyPlus+ Checking 0.01% $1,000 $10.00 Learn MoreShow Less
SimplyChecking 0.00% $0 $0.00 Learn MoreShow Less
 

Loan Rates - August 13, 2022

Your Current Location: California, CA 92111

Home Equity Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Flagstar Bank, FSB branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Flagstar Bank, FSB Locations



Climate Initiatives

Flagstar Bank, FSB is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Flagstar Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flagstar Bank, FSB. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Flagstar Bank, FSB U.S. Bank Average
33.3% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2022, Flagstar Bank, FSB had $999,581,000 in non-current loans and $4,425,000 in owned real estate. To cover these potential losses it had $2,884,701,000 in equity and $130,646,000 in loans loss reserves. That gives it a Texas Ratio of 33.3%.

Return on Equity
Flagstar Bank, FSB U.S. Bank Average
7.97% 9.01%

Flagstar Bank, FSB has a Return on Equity of 7.97% versus the BestCashCow average of 9.01%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Flagstar Bank, FSB U.S. Bank Average
12.44% 10.66%

Flagstar Bank, FSB has a Capitalization of 12.44% versus the BestCashCow average of 10.66. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Flagstar Bank, FSB Balance Sheet Analysis

As of March 31, 2022, Flagstar Bank, FSB had assets of $23,192,133,000, loans of $17,836,932,000, and deposits of $18,047,969,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 405.98 million
Interest-bearing balances $ 231.78 million
Total securities $ 2.20 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 17.84 billion
Loan loss allowance $ 130.65 million
Trading account assets $ 298.71 million
Bank premises and fixed assets N.A.
Other real estate owned $ 4.43 million
Goodwill and other intangibles $ 667.74 million
All other assets $ 1,552.12 million
     Total Assets $ 20.31 billion
LIABILITIES
Total deposits $ 18.05 billion
      Interest-bearing deposits $ 10.73 billion
      Deposits held in domestic offices $ 18.05 billion
      % insured (estimated) 62.34%
Federal funds purchased and repurchase agreements $ 200.00 million
Trading liabilities $ 46.29 million
Other borrowed funds $ 1,283.01 million
Subordinated debt N.A.
All other liabilities $ 730.16 million
      Total Liabilities $ 20.31 billion
      Shareholders’ Equity $ 2.88 billion

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 179.44 million
Total Interest Expense $ 9.58 million
Net interest income $ 169.86 million
Provision for loan and lease losses N.A.
Total non interest income $ 511.17 million
Total non interest expense $ 611.61 million
Pre-tax Net Operating Income $ 73.22 million

Bank Loan Profile?

The top three loan types in Flagstar Bank, FSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Michigan, Flagstar Bank, FSB has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.71
Multifamily
Mortgages
0.95
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 0.48
Construction and Development Loans 9.04
Commercial Real Estate 8.79
Commercial and Industrial Loans 7.00
Farm Loans 0.00

Customer Reviews for Flagstar Bank, FSB


  • August 24, 2018

    Flagstar is nothing but a bunch of bitches and if they think i.m sending this check to them signed they can kiss my fuckin ass. I will let this house fall apart before they make a damn dime of me, How you people sleep at night just blows my mind and any one that works for them can kiss my ass to. I will see you low life scum sucking ass holes in court.

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