3 star ratingAverage User Rating:
3 star rating based on 4 reviews.

Flushing Bank

Flushing Bank Locations
144-51 Northern Boulevard
Flushing, NY 11354
718-512-2929
www.flushingbank.com

FDIC


Flushing Bank is headquartered in Flushing and is the 19st largest bank in the state of New York. It is also the 184th largest bank in the nation. It was established in 1929 and as of December of 2012, it had grown to 372 employees at 17 locations. Flushing Bank has a 3-star health rating.

Related Posts

Top Rate Guarantee on Flushing Bank Checking Account in NY - 7/18/2012

Flushing Bank has a checking promotion in which they are guaranteeing a 1.20% APY until 12/31/2012 for balances of at least $5,000. This is for the bank's BestRate Checking, and it's only for new cust ...

Best Checking Account With 1.20% APY, Guaranteed Until 12/31/2012 With $150 Bonus (Forum) - 7/17/2012

Flushing bank is offering a Best Rate Checking account 1.20% APY on balance of $ 5K, fully liquid checking account. Rate guaranteed until 12/31/12  and get up to $150 when you open an account.  

$150 Checking Account Bonus at Flushing Bank in New York City - Local Only - 3/7/2012

Flushing Bank is again offering a $150 checking account bonus for opening one of its checking accounts. Both its Totally Free Checking and its BestRate Checking qualify. The requirements to qualify fo ...

$100 Cash & Flip Video Bonus at Flushing Bank in New York City - Local Only - 4/10/2011

Flushing Bank is offering a new checking account promotion. Unlike the one in January , this one requires opening the bank's BestRate Checking. The free checking doesn't qualify. There are three bonus ...

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

Flushing Bank Checking Account Rates

ApyMinMaxProduct
0.35%$5k-BestRate Checking

Flushing Bank Savings Account Rates

ApyMinMaxProduct
0.10%--Statement Savings

Flushing Bank Money Market Rates

ApyMinMaxProduct
0.15%$5k-Maximum Money Market

Flushing Bank CD Rates

ApyMinMaxProduct
0.35%$5k-30 Month Bump-Up CD
0.35%$5k-36 Month CD
0.35%$5k-48 Month CD
0.35%$5k-60 Month CD
0.35%$5k-7 Year CD
0.35%$5k-10 Year CD
0.15%$5k-6 Month CD
0.15%$5k-9 Month CD
0.15%$5k-12 Month CD
0.15%$5k-15 Month CD
0.15%$5k-18 Month CD
0.15%$5k-24 Month CD
0.15%$5k-13 Month CD

Rates updated: 5/26/2013

Data for Q4 2012


Institution Statistics


Flushing Savings Bank, FSB
OTS #11990
FDIC Certificate #16049
BankRate ReportView
Year Established1929
Employees372
Primary RegulatorOCC

Assets and Liabilities

Assets$4.45 billion
Loans$3.21 billion
Deposits$3.03 billion
Equity Capital$451.19 million
Loan Loss Allowance$31.10 million
Unbacked Noncurrent Loans$93.44 million
Real Estate Owned$5.28 million

Historic Data - December 2011

Assets$4.29 billion
Equity Capital$429.35 million
Loan Loss Allowance$30.34 million
Unbacked Noncurrent Loans$116.99 million
Real Estate Owned$3.27 million

Profit Margin - Quarterly

Net Interest Margin3.78%
Return on Assets0.79%
Return on Equity7.91%
Interest Income$217.09 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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, 2012 Flushing Bank had $98.72 million in non-current loans and owned real-estate with $482.29 million in equity and loan loss allowances on hand to cover it. This gives Flushing Bank a Texas Ratio of 20.47% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Flushing Bank decreased slightly from 26.20% as of December 31, 2011 to 20.47% as of December 31, 2012, resulting in a positive change of 21.87%.This indicates that the balance sheet and financial strength for Flushing Bank has improved slightly in recent periods.
Deposit Growth2
In the past year, Flushing Bank has decreased its total deposits by -$129.25 million, resulting in -4.09% 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 Flushing Bank has shown is below average.
Capitalization4
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. Flushing Bank has $4.45 billion in assets with $482.29 million in equity, resulting in a capitalization level of 10.83%, which is above average.
Write Review

Flushing Bank Is Responsive, Reliable And Nice Customer Service
5 stars - johnfinnaway - Monday, January 31, 2011 - 7:32 PM

I got fed up with the big banks - increasing their fees and reducing their service. They used to have personal bankers but all got cut. It took nearly three weeks for them to acknowledge receiving a fax from me and I just had enough. 

Flushing is great. Local branches, huge ATM network so no fees even if I'm travelling. Nice to deal with on the phone. Good rates. Fair policies. Haven't had an outage (unlike the other ones I can mention). 

May not spend $$$$ on fancy advertising, but they're just a good, reliable bank. 

4

They Will Find A Way To Take Your Last Dollar
1 stars - Client - Tuesday, November 20, 2012 - 8:35 AM

 

I have been a loyal customer since 1973 - ran at least a million through their hands.  Put several hundred thousand in IRA CD’s paying 2% (wow golly) 2 years ago- upon maturity this month, l I asked, in an effort to be loyal,  if they had any rates above 1% - advised could get 1.5% at another institution – could they match? But other than a John trying to pitch the same old annuity dong they had a zero competitive CD offering.  So. I advised the folks at the Bayside branch they should expect authorization to transfer all but around 35k (which I still hoped would find some offering from FSB - still trying to be loyal) to another institution.  They did 2 transactions which involved a signature, check and a licked envelope and promptly charged me $25 each.  Considering the **** poor rates and non-existent service they offered - I found this offensive. Spoke to John Buran's office (CEO) –tons of  lip service - got my branch rep – agreed they should have waived but powerless - finally got a call from a very rude  Donna Fluddy from the Bayside branch ....who I later found out was an administrative assistant (that’s a secretary folks) – guess the branch manager was very  busy doing something.  She quickly  advised ALL banks charge a fee for an institution to institution transfer – WRONG -  I advised I have never been charged - Capital 1, Ridgewood, Bank of America and Fidelity to name a few....again lots of lip service so .....BUYER BEWARE - since at some point you will probably need to move money from this bank and it is much more desirable to do a bank to bank transfer - they will hit you up for money – calling it a FEE - -  Translation - $25 for taking your money out of their Bank – they don’t like that - sort of a penalty you don’t deserve - they forgot you kept a ton of cash for them to use while they paid you less than inflation.

 

Remember when Banks actually cared about customers?  FSB is the reason we despise Banks and Bankers

 

I wish I could rate them less than 1 star

 

3

A Scamer Bank- Less Than 10 Star If Icould Rate
1 stars - janecatharina - Wednesday, December 12, 2012 - 5:19 PM

I have business account with Flushingbank over 6 months. Last deposit check is a large check . However they did not let me withdrawn my own money because i had an over draft before. They told me that is federal law. OK i came back and call my friend work for FDIC asking this problem. There is no such that thing that they can hold my money 30 days , not even 9 days . No matter what reason, no bank can hold your money over 7 days. I called the main office and they don't know why too, they never can give me a good reason, but they cannot solve the problem ???

I don't know what going on in their system but now i know why they are small bank and no one come to do business with them, including me. I told them i gonna close my account they said good, i don't need you. Well they don't need me that's fine. But give back my money, that is MY MONEY, NOT THEIR.

DID YOU SEE ANY BANK WOULDNT LET CLIENT WITHDRAW THEIR OWN MONEY BY A REASON THEY MAKE UP WITH , WHAT A BIG LIAR!!!!!!

A wake up call for anyone already doing business with them and if you want to open account with them:  DON'T EVER DOTHAT. I gonna withdrawn all my money and just leave them as far as i can.

2

Flushing Bank
5 stars - toetalee - Tuesday, March 8, 2011 - 7:28 AM

Not like the big banks, who know you by your account number and not your name.  Flushing Bank is where I trust my money to be in.  They have great promotions with great give aways!  Keep up the great service Flushing Bank; I will make sure I tell more friends and family about your financial institution. 

1