Flatbush Federal Savings and Loan Association

Headquarters

2146 Nostrand Ave
Brooklyn, NY 11210
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Flatbush Federal Savings and Loan Association is an FDIC insured institution located in Brooklyn, NY. It was founded in 1889 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29435
Date Established 1889
Assets $ 137.42 million
Loans $ 83.25 million
Deposits $ 112.67 million
Capital $ 17.74 million
 

For a more detailed analysis of Flatbush Federal Savings and Loan Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Flatbush Federal Savings and Loan Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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Note to Flatbush Federal Savings and Loan Association
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Branches

Flatbush Federal Savings and Loan Association 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:
Fairfield,Connecticut


Flatbush Federal Savings and Loan Association Locations


Financial Details

Flatbush Federal Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flatbush Federal Savings and Loan Association. 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
Flatbush Federal Savings and Loan Association U.S. Bank Average
51.91% 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, Flatbush Federal Savings and Loan Association had $8,655,000 in non-current loans and $1,123,000 in owned real estate. To cover these potential losses it had $17,741,000 in equity and $1,097,000 in loans loss reserves. That gives it a Texas Ratio of 51.91%.

Return on Equity
Flatbush Federal Savings and Loan Association U.S. Bank Average
28.89% 7.80%

Flatbush Federal Savings and Loan Association has a Return on Equity of 28.89% 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
Flatbush Federal Savings and Loan Association U.S. Bank Average
12.91% 12.68%

Flatbush Federal Savings and Loan Association has a Capitalization of 12.91% 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.

Flatbush Federal Savings and Loan Association Balance Sheet Analysis

As of September 30, 2012, Flatbush Federal Savings and Loan Association had assets of $137,415,000, loans of $83,252,000, and deposits of $112,666,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 83.25 million
Loan loss allowance $ 1.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.12 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 112.67 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 137.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Flatbush Federal Savings and Loan Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in New York, Flatbush Federal Savings and Loan Association has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 73.25
Multifamily
Mortgages
6.97
Credit Card Loans 0.04
Consumer Auto Loans 0.00
Small Business Loans 11.73
Construction and Development Loans 0.46
Commercial Real Estate 20.57
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Flatbush Federal Savings And Loan Association

Branches and Savings

Is Flatbush Federal Savings And Loan Association FDIC insured?

Yes. It is covered under FDIC Certificate #29435.

Why does Flatbush Federal Savings And Loan Association pay such low interest on savings accounts?

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

Why are Flatbush Federal Savings And Loan Association CD rates not competitive?

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

Is Flatbush Federal Savings And Loan Association a commercial bank?

Yes

Where are Flatbush Federal Savings And Loan Association locations?

See branch locations nearby.

Is Flatbush Federal Savings And Loan Association open on Saturdays?

Is Flatbush Federal Savings And Loan Association open on Sundays?

What time does Flatbush Federal Savings And Loan Association open?

What time does Flatbush Federal Savings And Loan Association close?

Are Flatbush Federal Savings And Loan Association ATMs Open 24/7?

Do Flatbush Federal Savings And Loan Association ATMs accept cash deposits?

Can Flatbush Federal Savings And Loan Association customers use other ATMs?

Do Flatbush Federal Savings And Loan Association branches have notaries?

Will Flatbush Federal Savings And Loan Association notarize my document?

What address for Flatbush Federal Savings And Loan Association should I put for incoming ACH transfers?

Will the Flatbush Federal Savings And Loan Association branch print checks?

Do Flatbush Federal Savings And Loan Association checks expire?

Does Flatbush Federal Savings And Loan Association require US citizenship to open account?

Can Flatbush Federal Savings And Loan Association close my account?

Does Flatbush Federal Savings And Loan Association Report to credit bureaus?

Does Flatbush Federal Savings And Loan Association Use Equifax?

What is Flatbush Federal Savings And Loan Association's ACH Routing Number?

What is Flatbush Federal Savings And Loan Association's SWIFT code?

Products

Does Flatbush Federal Savings And Loan Association offer mortgages?

Compare mortgage rates here.

Does Flatbush Federal Savings And Loan Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flatbush Federal Savings And Loan Association offer personal loans?

Compare personal loan rates here.

Does Flatbush Federal Savings And Loan Association offer student loans?

Will Flatbush Federal Savings And Loan Association cash a check?

Will Flatbush Federal Savings And Loan Association redeem a savings bond?

Does Flatbush Federal Savings And Loan Association cash savings bonds?

Will Flatbush Federal Savings And Loan Association cash money orders?

Can Flatbush Federal Savings And Loan Association issue a money order?

Does Flatbush Federal Savings And Loan Association do currency exchange?

Background on The Bank

Who owns Flatbush Federal Savings And Loan Association?

How long has Flatbush Federal Savings And Loan Association been around?

Can Flatbush Federal Savings And Loan Association transfer to other banks?

Does Flatbush Federal Savings And Loan Association have quick pay?

Does Flatbush Federal Savings And Loan Association accept rolled coins?

Will Flatbush Federal Savings And Loan Association accept loose change?

Where is Flatbush Federal Savings And Loan Association headquarters?

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