Flagler Bank

1801 Forest Hill Boulevard
West Palm Beach, FL 33406
(561) 432-2122
www.flaglerbankusa.com

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Flagler Bank is headquartered in West Palm Beach and is the 187^th largest bank in the state of Florida. It is also the 4,629^th largest bank in the nation. It was established in 2000 and as of September of 2011, it had grown to 23 employees at 3 locations. Flagler Bank has a 1-star health rating.

Flagler Bank Routing Number: 067014961

1.75% 18-Month CD & 2.10% 30-Month CD At Flagler Bank In South Florida (Forum) - 8/25/2010

Flagler Bank in South Florida has a few competitive mid-term CD rates as of 8/25/2010. The two best deals include: 1.75% APY 18-month CD 2.10% APY 30-month CD 2.10% APY 3-year CD Minimum deposit is $500. The 3-year CD is available in an IRA. Early

Competitive CD Rates Continue at Flagler Bank in Southeast Florida - Local Only - 5/13/2010

Flagler Bank continues to offer competitive short- and mid-term CD rates. The rates have fallen a little since my April post. The best rates include a 2.10% APY 24-month CD, a 1.75% APY 18-month CD, ...

Competitive CD Rates at Flagler Bank in Southeast Florida - Local Only - 4/7/2010

Flagler Bank is offering a few competitive CDs. The best one has a 2.25% APY for a 24-month term. Also competitive is the 6-month CD which has a 1.44% APY. Minimum deposit is $500, and these rates al ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Flagler Bank Checking Account Rates

Apy	Min	Max	Product
0.30%	$50k	-	Business Now Checking
0.25%	$1k	-	Personal Now Checking

Flagler Bank Savings Account Rates

Apy	Min	Max	Product
1.20%	$25k	-	Business Select Savings
0.25%	$100	-	Business Savings
0.25%	$100	-	Personal Savings

Flagler Bank Money Market Rates

Apy	Min	Max	Product
0.90%	$100k	-	Business Money Market
0.90%	$100k	-	Personal Money Market

Flagler Bank CD Rates

Apy	Min	Max	Product
1.60%	$500	-	48 Month CD
1.60%	$500	-	60 Month CD
1.60%	$500	-	Business 48 Month CD
1.60%	$500	-	Business 60 Month CD
1.45%	$500	-	36 Month CD
1.45%	$500	-	Business 36 Month CD
1.30%	$500	-	30 Month CD
1.30%	$500	-	Business 30 Month CD
1.15%	$500	-	24 Month CD
1.15%	$500	-	Business 24 Month CD
1.00%	$500	-	18 Month CD
1.00%	$500	-	Business 18 Month CD
0.80%	$500	-	12 Month CD
0.80%	$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

Apy	Min	Max	Product
1.60%	$500	-	60 Month IRA
1.45%	$500	-	48 Month IRA
1.30%	$500	-	36 Month IRA
1.15%	$500	-	24 Month IRA
0.80%	$500	-	12 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

FLAGLER BANK
FDIC Certificate #	35218
BankRate Report	View
Year Established	2000
Employees	23
Primary Regulator	FED
Assets and Liabilities
Assets	$113.06 million
Loans	$70.18 million
Deposits	$105.22 million
Equity Capital	$7.65 million
Loan Loss Allowance	$4.34 million
Unbacked Noncurrent Loans	$12.19 million
Real Estate Owned	$4.14 million
Historic Data - September 2010
Assets	$134.35 million
Equity Capital	$9.07 million
Loan Loss Allowance	$4.40 million
Unbacked Noncurrent Loans	$11.46 million
Real Estate Owned	$2.58 million
Profit Margin - Quarterly
Net Interest Margin	3.85%
Return on Assets	-0.84%
Return on Equity	-13.2%
Interest Income	$4.08 million

Institution Health

Overall Score:

1 out of 5

Texas Ratio
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 September 30, 2011 Flagler Bank had $16.32 million in non-current loans and owned real-estate with $11.99 million in equity and loan loss allowances on hand to cover it. This gives Flagler Bank a Texas Ratio of 136.14% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Flagler Bank increased slightly from 104.24% as of September 30, 2010 to 136.14% as of September 30, 2011, resulting in a negative change of 30.60%. This indicates that the balance sheet and financial strength for Flagler Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Flagler Bank has decreased its total deposits by -$19.84 million, resulting in -15.87% 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 poor.
Capitalization
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 $113.06 million in assets with $11.99 million in equity, resulting in a capitalization level of 10.60%, which is above average.