Flushing Savings Bank, FSB

Headquarters

144-51 Northern Boulevard
Flushing, NY 11354
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Flushing Savings Bank, FSB is an FDIC insured institution located in Flushing, NY. It was founded in 1929 and has approximately $4.45 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16049
Date Established 1929
Assets $ 4.45 billion
Loans $ 3.21 billion
Deposits $ 3.03 billion
Capital $ 451.19 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Online Only CD Rates of iGobanking.com

Online CD Rates APY MIN MAX
6 Month CD 1k
0.65% $1,000 - Learn More
12 Month CD 1k
0.75% $1,000 - Learn More
18 Month CD 1k
0.15% $1,000 - Learn More
24 Mo CD 1K
0.50% $25,000 - Learn More
60 Month CD 1k
0.50% $25,000 - Learn More

Bank Online Offers

IGoBanking Raises Money Market Rate to 2.40%
Feb 5, 2019

IGoBanking has raised its online money market rate to 2.40%.   The rate requires a $25,000 minimum balance.  IGoBanking is a division of Flushing Bank which also operates BankPurely.



Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Flushing Savings Bank, FSB

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Flushing Savings Bank, FSB
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Branches

Flushing Savings 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


Flushing Savings Bank, FSB Locations


Financial Details

Flushing Savings Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flushing Savings 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
Flushing Savings Bank, FSB U.S. Bank Average
20.53% 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, Flushing Savings Bank, FSB had $93,720,000 in non-current loans and $5,278,000 in owned real estate. To cover these potential losses it had $451,190,000 in equity and $31,104,000 in loans loss reserves. That gives it a Texas Ratio of 20.53%.

Return on Equity
Flushing Savings Bank, FSB U.S. Bank Average
7.91% 7.80%

Flushing Savings Bank, FSB has a Return on Equity of 7.91% 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
Flushing Savings Bank, FSB U.S. Bank Average
10.13% 12.68%

Flushing Savings Bank, FSB has a Capitalization of 10.13% 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.

Flushing Savings Bank, FSB Balance Sheet Analysis

As of December 31, 2012, Flushing Savings Bank, FSB had assets of $4,452,428,000, loans of $3,208,328,000, and deposits of $3,031,379,000. 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 $ 3.21 billion
Loan loss allowance $ 31.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.28 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 3.03 billion
      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 $ 4.45 billion

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 Flushing Savings Bank, FSB’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in New York, Flushing Savings Bank, FSB 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 26.52
Multifamily
Mortgages
48.13
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.94
Construction and Development Loans 0.94
Commercial Real Estate 19.13
Commercial and Industrial Loans 6.24
Farm Loans 0.00

Frequently Asked Questions About Flushing Savings Bank, Fsb

Branches and Savings

Is Flushing Savings Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #16049.

Why does Flushing Savings 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 Flushing Savings Bank, Fsb CD rates not competitive?

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

Is Flushing Savings Bank, Fsb a commercial bank?

Yes

Where are Flushing Savings Bank, Fsb locations?

See branch locations nearby.

Is Flushing Savings Bank, Fsb open on Saturdays?

Is Flushing Savings Bank, Fsb open on Sundays?

What time does Flushing Savings Bank, Fsb open?

What time does Flushing Savings Bank, Fsb close?

Are Flushing Savings Bank, Fsb ATMs Open 24/7?

Do Flushing Savings Bank, Fsb ATMs accept cash deposits?

Can Flushing Savings Bank, Fsb customers use other ATMs?

Do Flushing Savings Bank, Fsb branches have notaries?

Will Flushing Savings Bank, Fsb notarize my document?

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

Will the Flushing Savings Bank, Fsb branch print checks?

Do Flushing Savings Bank, Fsb checks expire?

Does Flushing Savings Bank, Fsb require US citizenship to open account?

Can Flushing Savings Bank, Fsb close my account?

Does Flushing Savings Bank, Fsb Report to credit bureaus?

Does Flushing Savings Bank, Fsb Use Equifax?

What is Flushing Savings Bank, Fsb's ACH Routing Number?

What is Flushing Savings Bank, Fsb's SWIFT code?

Products

Does Flushing Savings Bank, Fsb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Flushing Savings Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Flushing Savings Bank, Fsb offer student loans?

Will Flushing Savings Bank, Fsb cash a check?

Will Flushing Savings Bank, Fsb redeem a savings bond?

Does Flushing Savings Bank, Fsb cash savings bonds?

Will Flushing Savings Bank, Fsb cash money orders?

Can Flushing Savings Bank, Fsb issue a money order?

Does Flushing Savings Bank, Fsb do currency exchange?

Background on The Bank

Who owns Flushing Savings Bank, Fsb?

How long has Flushing Savings Bank, Fsb been around?

Can Flushing Savings Bank, Fsb transfer to other banks?

Does Flushing Savings Bank, Fsb have quick pay?

Does Flushing Savings Bank, Fsb accept rolled coins?

Will Flushing Savings Bank, Fsb accept loose change?

Where is Flushing Savings Bank, Fsb headquarters?

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