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Overview / Commentary
561-432-2122
1801 Forest Hill Boulevard
West Palm Beach, FL 33406

Flagler Bank is headquartered in West Palm Beach and is the 145th largest bank in the state of Florida. It is also the 3,648th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 21 employees at 2 locations. Flagler Bank's savings rates are 63% higher than the national average, and it has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C-

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Flagler Bank had $10.39 million in non-current loans and owned real-estate with $16.13 million in equity and loan loss allowances on hand to cover it. This gives Flagler Bank a Texas Ratio of 64.41% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Flagler Bank decreased slightly from 84.03% as of December 31, 2012 to 64.41% as of December 31, 2013, resulting in a positive change of 23.35%.This indicates that the balance sheet and financial strength for Flagler Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Flagler Bank has increased its total deposits by $14.86 million, resulting in 12.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Flagler Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Flagler Bank has $154.37 million in assets with $16.13 million in equity, resulting in a capitalization level of 10.45%, which is above average.

Institution Statistics

Overall
FDIC Certificate #35218
Year Established2000
Employees21
Primary RegulatorFED
Assets and Liabilities
Assets$154.37 million
Loans$81.31 million
Deposits$137.53 million
Equity Capital$14.19 million
Loan Loss Allowance$1.94 million
Unbacked Noncurrent Loans$5.82 million
Real Estate Owned$4.57 million
Historic Data - December 2012
Assets$136.03 million
Equity Capital$13.20 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$5.82 million
Real Estate Owned$4.96 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets1.17%
Return on Equity12.61%
Interest Income$5.81 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Flagler Bank, we are a rate comparison website and can not provide official rates or promotions.

Flagler Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.85%$25k-Business Select Savings
0.25%$100-Business Savings
0.25%$100-Personal Savings

Flagler Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$100k-Business Money Market
0.70%$100k-Personal Money Market

Flagler Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Business Now Checking
0.25%$1k-Personal Now Checking

Flagler Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month CD
1.25%$500-Business 60 Month CD
1.20%$500-48 Month CD
1.20%$500-Business 48 Month CD
1.15%$500-36 Month CD
1.15%$500-Business 36 Month CD
1.10%$500-30 Month CD
1.10%$500-Business 30 Month CD
1.00%$500-24 Month CD
1.00%$500-Business 24 Month CD
0.85%$500-18 Month CD
0.85%$500-Business 18 Month CD
0.75%$500-12 Month CD
0.75%$500-Business 12 Month CD
0.45%$500-6 Month CD
0.45%$500-Business 6 Month CD
0.25%$500-7 - 31 Day CD
0.25%$500-32 - 90 Day CD
0.25%$500-91 Day CD
0.25%$500-Business 7 - 31 Day CD
0.25%$500-Business 32 - 90 Day CD
0.25%$500-Business 91 Day CD

Flagler Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA
1.20%$500-48 Month IRA
1.15%$500-36 Month IRA
1.00%$500-24 Month IRA
0.75%$500-12 Month IRA
Locations


Flagler Bank Locations
Flagler Bank1801 Forest Hill BoulevardWest Palm Beach, FL 33406
North Palm Beach Branch555 Northlake BlvdNorth Palm Beach, FL 33408