Flagstar Bank, FSB

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.60% 1.05% →
1-Year CD 0.15% 0.95% →
2-Year CD 0.20% 1.05% →
5-Year CD 0.40% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Flagstar Bank, FSB is an FDIC insured institution located in Troy, MI. It was founded in 1987 and has approximately $26.77 billion in assets. Customers can open an account at one of its 100 branches.

FDIC Insured Yes
FDIC Certificate # 32541
Date Established 1987
Assets $ 26.77 billion
Loans $ 18.87 billion
Deposits $ 17.14 billion
Capital $ 2.08 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 - September 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Special: SAV
0.03% $1 $9,999 Learn More
Savings
0.03% $2,500 $4,999 Learn More
Special: SAV
0.60% $100,000 $499,999 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
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
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
Special: 13 Mo CD
0.55% $500 $10,000,000 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
Special: 49 Mo CD
1.00% $500 $10,000,000 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 0.15% $5,000 $25.00 Learn MoreShow Less
SimplyPlus+ Checking 0.15% $1,000 $10.00 Learn MoreShow Less
SimplyChecking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

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:
Ashburn,Virginia


Flagstar Bank, FSB Locations


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
25.02% 6.94%

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, 2020, Flagstar Bank, FSB had $545,024,000 in non-current loans and $9,539,000 in owned real estate. To cover these potential losses it had $2,084,401,000 in equity and $132,000,000 in loans loss reserves. That gives it a Texas Ratio of 25.02%.

Return on Equity
Flagstar Bank, FSB U.S. Bank Average
9.8% 7.80%

Flagstar Bank, FSB has a Return on Equity of 9.8% versus the BestCashCow average of 7.80%. 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
7.79% 12.68%

Flagstar Bank, FSB has a Capitalization of 7.79% versus the BestCashCow average of 12.68. 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, 2020, Flagstar Bank, FSB had assets of $26,767,684,000, loans of $18,865,212,000, and deposits of $17,136,546,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 343.74 million
Interest-bearing balances $ 127.34 million
Total securities $ 3.00 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 18.87 billion
Loan loss allowance $ 132.00 million
Trading account assets $ 2.10 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 9.54 million
Goodwill and other intangibles $ 389.85 million
All other assets $ 1,797.08 million
     Total Assets $ 24.68 billion
LIABILITIES
Total deposits $ 17.14 billion
      Interest-bearing deposits $ 9.73 billion
      Deposits held in domestic offices $ 17.14 billion
      % insured (estimated) 76.01%
Federal funds purchased and repurchase agreements $ 505.00 million
Trading liabilities $ 285.81 million
Other borrowed funds $ 6.41 billion
Subordinated debt N.A.
All other liabilities $ 345.32 million
      Total Liabilities $ 24.68 billion
      Shareholders’ Equity $ 2.08 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 200.90 million
Total Interest Expense $ 47.40 million
Net interest income $ 153.50 million
Provision for loan and lease losses $ 4.22 million
Total non interest income $ 159.46 million
Total non interest expense $ 246.40 million
Pre-tax Net Operating Income $ 62.34 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 48.33
Multifamily
Mortgages
0.74
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 0.41
Construction and Development Loans 8.64
Commercial Real Estate 7.50
Commercial and Industrial Loans 6.59
Farm Loans 0.00

Frequently Asked Questions About Flagstar Bank, Fsb

Branches and Savings

Is Flagstar Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #32541.

Why does Flagstar Bank, Fsb pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Flagstar Bank, Fsb CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Flagstar Bank, Fsb a commercial bank?

Yes

Where are Flagstar Bank, Fsb locations?

See branch locations nearby.

Is Flagstar Bank, Fsb open on Saturdays?

Is Flagstar Bank, Fsb open on Sundays?

What time does Flagstar Bank, Fsb open?

What time does Flagstar Bank, Fsb close?

Are Flagstar Bank, Fsb ATMs Open 24/7?

Do Flagstar Bank, Fsb ATMs accept cash deposits?

Can Flagstar Bank, Fsb customers use other ATMs?

Do Flagstar Bank, Fsb branches have notaries?

Will Flagstar Bank, Fsb notarize my document?

What address for Flagstar Bank, Fsb should I put for incoming ACH transfers?

Will the Flagstar Bank, Fsb branch print checks?

Do Flagstar Bank, Fsb checks expire?

Does Flagstar Bank, Fsb require US citizenship to open account?

Can Flagstar Bank, Fsb close my account?

Does Flagstar Bank, Fsb Report to credit bureaus?

Does Flagstar Bank, Fsb Use Equifax?

What is Flagstar Bank, Fsb's ACH Routing Number?

What is Flagstar Bank, Fsb's SWIFT code?

Products

Does Flagstar Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Flagstar Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flagstar Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Flagstar Bank, Fsb offer student loans?

Will Flagstar Bank, Fsb cash a check?

Will Flagstar Bank, Fsb redeem a savings bond?

Does Flagstar Bank, Fsb cash savings bonds?

Will Flagstar Bank, Fsb cash money orders?

Can Flagstar Bank, Fsb issue a money order?

Does Flagstar Bank, Fsb do currency exchange?

Background on The Bank

Who owns Flagstar Bank, Fsb?

How long has Flagstar Bank, Fsb been around?

Can Flagstar Bank, Fsb transfer to other banks?

Does Flagstar Bank, Fsb have quick pay?

Does Flagstar Bank, Fsb accept rolled coins?

Will Flagstar Bank, Fsb accept loose change?

Where is Flagstar Bank, Fsb headquarters?

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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