Average User Rating:
5 star rating based on 2 reviews.

Flushing Bank

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

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Flushing Bank is headquartered in Flushing and is the 20^th largest bank in the state of New York. It is also the 182^nd largest bank in the nation. It was established in 1929 and as of March of 2012, it had grown to 382 employees at 16 locations. Flushing Bank has a 3-star health rating.

$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 ...

Special Checking and 18-Month CD Rates at Flushing Bank in New York - Local Only - 2/13/2011

Flushing Bank is offering a special 18-month CD with a 1.70% APY. Minimum deposit is $5,000 ($1,000 for IRAs). New money is required. They also have a 3-month rate special on its BestRate Checking. A ...

$150 Checking Account Bonus at Flushing Bank in New York City - Local Only - 1/17/2011

Flushing Bank is again offering a $150 checking account bonus for opening its Totally Free Checking. They made it a little easier than the 2010 promotion to qualify for the $150. The new requirements ...

2010

2009

10/25 - $150 Checking Account Bonus and Other Deposit Deals at Flushing Savings Bank in NY - Local Only

2008

11/26 - 4.30% 15-Month / 4.15% 9-Month CD at Flushing Savings Bank in New York

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

Flushing Bank Checking Account Rates

	Apy	Min	Max	Product
	0.35%	$5k	-	BestRate Checking

Flushing Bank Savings Account Rates

	Apy	Min	Max	Product
	0.10%	-	-	Statement Savings

Flushing Bank Money Market Rates

	Apy	Min	Max	Product
	0.15%	$5k	-	Maximum Money Market

Flushing Bank CD Rates

Apy	Min	Max	Product
1.80%	$5k	-	10 Year CD
1.70%	$5k	-	7 Year CD
1.10%	$5k	-	60 Month CD
0.90%	$5k	-	48 Month CD
0.70%	$5k	-	36 Month CD
0.65%	$5k	-	30 Month Bump-Up CD
0.50%	$5k	-	24 Month 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

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Flushing Savings Bank, FSB
OTS #	11990
FDIC Certificate #	16049
BankRate Report	View
Year Established	1929
Employees	382
Primary Regulator	OCC
Assets and Liabilities
Assets	$4.36 billion
Loans	$3.20 billion
Deposits	$3.19 billion
Equity Capital	$433.51 million
Loan Loss Allowance	$30.62 million
Unbacked Noncurrent Loans	$120.87 million
Real Estate Owned	$3.60 million
Historic Data - March 2011
Assets	$4.32 billion
Equity Capital	$406.67 million
Loan Loss Allowance	$26.46 million
Unbacked Noncurrent Loans	$125.52 million
Real Estate Owned	$2.27 million
Profit Margin - Quarterly
Net Interest Margin	3.83%
Return on Assets	0.71%
Return on Equity	7.13%
Interest Income	$55.18 million

Institution Health

Overall Score:

3 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 March 31, 2012 Flushing Bank had $124.48 million in non-current loans and owned real-estate with $464.12 million in equity and loan loss allowances on hand to cover it. This gives Flushing Bank a Texas Ratio of 26.82% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Flushing Bank held steady from 29.37% as of March 31, 2011 to 26.82% as of March 31, 2012, resulting in a positive change of 8.67%.This indicates that the balance sheet and financial strength for Flushing Bank has held steady in recent periods.
Deposit Growth
In the past year, Flushing Bank has decreased its total deposits by -$61.77 million, resulting in -1.9% 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.
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. Flushing Bank has $4.36 billion in assets with $464.12 million in equity, resulting in a capitalization level of 10.65%, which is above average.

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.

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.

Vote: 0	$150 Checking Account Bonus OfferChecking	View Promo Details »
	Leave a Comment (1) »
	Anonymous - March 9, 2012 Flushing is committed in their products as well as the community - I have been grateful for what they have done.