Flushing Bank

Headquarters

260e Rxr Plaza
Uniondale, NY 11556
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD 0.50% 1.55% →
2-Year CD 0.50% 1.45% →
5-Year CD 0.50% 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Flushing Bank is an FDIC insured institution located in Uniondale, NY. It was founded in 2007 and has approximately $7.02 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 58564
Date Established 2007
Assets $ 7.02 billion
Loans $ 5.75 billion
Deposits $ 5.08 billion
Capital $ 684.64 million
 

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

Deposit Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $300 - Learn More
Money Market
0.10% $1 $4,999 Learn More
Money Market
0.15% $5,000 $24,999 Learn More
Money Market
0.35% $25,000 $99,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $5,000 - Learn More
6 Mo CD
0.30% $5,000 - Learn More
12 Mo CD
0.50% $5,000 - Learn More
18 Mo CD
0.50% $5,000 - Learn More
24 Mo CD
0.50% $5,000 - Learn More
30 Mo CD
0.20% $5,000 - Learn More
36 Mo CD
0.50% $5,000 - Learn More
48 Mo CD
0.50% $5,000 - Learn More
60 Mo CD
0.50% $5,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $5,000 - Learn MoreShow Less

Online Only Savings Rates of BankPurely

Online Savings Rates APY MIN MAX
Purely Savings
0.25% $0 - Learn More

Online Only CD Rates of BankPurely

Online CD Rates APY MIN MAX
24 Month CD
0.15% $1,000 - Learn More
36 Month CD
0.15% $1,000 - Learn More
60 Month CD
0.15% $1,000 - Learn More

Bank Online Offers


Loan Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Flushing Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
First Internet Bank
NMLS ID: 424182
3.176% 3.125% 0.63 $1,615 $1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Note to Flushing Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Flushing Bank 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


Flushing Bank Locations


Financial Details

Flushing Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flushing Bank. 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
3.500 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Flushing Bank U.S. Bank Average
2.28% 6.51%

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 December 31, 2019, Flushing Bank had $15,867,000 in non-current loans and $239,000 in owned real estate. To cover these potential losses it had $684,643,000 in equity and $21,751,000 in loans loss reserves. That gives it a Texas Ratio of 2.28%.

Return on Equity
Flushing Bank U.S. Bank Average
7.46% 9.41%

Flushing Bank has a Return on Equity of 7.46% versus the BestCashCow average of 9.41%. 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
Flushing Bank U.S. Bank Average
9.76% 12.82%

Flushing Bank has a Capitalization of 9.76% versus the BestCashCow average of 12.82. 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.

Flushing Bank Balance Sheet Analysis

As of December 31, 2019, Flushing Bank had assets of $7,017,594,000, loans of $5,750,455,000, and deposits of $5,079,276,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 49.26 million
Interest-bearing balances $ 35.98 million
Total securities $ 829.28 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.75 billion
Loan loss allowance $ 21.75 million
Trading account assets $ 0.77 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.24 million
Goodwill and other intangibles $ 14.11 million
All other assets $ 303.55 million
     Total Assets $ 6.33 billion
LIABILITIES
Total deposits $ 5.08 billion
      Interest-bearing deposits $ 4.64 billion
      Deposits held in domestic offices $ 5.08 billion
      % insured (estimated) 72.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,167.90 million
Subordinated debt N.A.
All other liabilities $ 85.78 million
      Total Liabilities $ 6.33 billion
      Shareholders’ Equity $ 684.64 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 283.78 million
Total Interest Expense $ 110.51 million
Net interest income $ 173.27 million
Provision for loan and lease losses $ 2.81 million
Total non interest income $ 6.38 million
Total non interest expense $ 111.85 million
Pre-tax Net Operating Income $ 64.98 million

Bank Loan Profile?

The top three loan types in Flushing Bank’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in New York, Flushing Bank has a significantly higher percent of Multifamily Mortgages 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 13.83
Multifamily
Mortgages
39.04
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.44
Construction and Development Loans 1.33
Commercial Real Estate 33.31
Commercial and Industrial Loans 12.71
Farm Loans 0.00

Frequently Asked Questions About Flushing Bank

Branches and Savings

Is Flushing Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58564.

Why does Flushing Bank pay such low interest on savings accounts?

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

Why are Flushing Bank CD rates not competitive?

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

Is Flushing Bank a commercial bank?

Yes

Where are Flushing Bank locations?

See branch locations nearby.

Is Flushing Bank open on Saturdays?

Is Flushing Bank open on Sundays?

What time does Flushing Bank open?

What time does Flushing Bank close?

Are Flushing Bank ATMs Open 24/7?

Do Flushing Bank ATMs accept cash deposits?

Can Flushing Bank customers use other ATMs?

Do Flushing Bank branches have notaries?

Will Flushing Bank notarize my document?

What address for Flushing Bank should I put for incoming ACH transfers?

Will the Flushing Bank branch print checks?

Do Flushing Bank checks expire?

Does Flushing Bank require US citizenship to open account?

Can Flushing Bank close my account?

Does Flushing Bank Report to credit bureaus?

Does Flushing Bank Use Equifax?

What is Flushing Bank's ACH Routing Number?

What is Flushing Bank's SWIFT code?

Products

Does Flushing Bank offer mortgages?

Compare mortgage rates here.

Does Flushing Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flushing Bank offer personal loans?

Compare personal loan rates here.

Does Flushing Bank offer student loans?

Will Flushing Bank cash a check?

Will Flushing Bank redeem a savings bond?

Does Flushing Bank cash savings bonds?

Will Flushing Bank cash money orders?

Can Flushing Bank issue a money order?

Does Flushing Bank do currency exchange?

Background on The Bank

Who owns Flushing Bank?

How long has Flushing Bank been around?

Can Flushing Bank transfer to other banks?

Does Flushing Bank have quick pay?

Does Flushing Bank accept rolled coins?

Will Flushing Bank accept loose change?

Where is Flushing Bank headquarters?

Customer Reviews for Flushing Bank


  • June 15, 2017

    Just a great group of people to interact with at the Mineola branch. Been working with them for years. Everybody at all of the branches has always been a pleasure.

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