Flushing Savings Bank, FSB in Flushing, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Flushing Savings Bank, FSB in Flushing, New York (NY)
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Flushing Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 16049
    Status: Active
    Federal Reserve ID: 959304
    Date Established: June 01, 1929
    WWW: http://www.flushingbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 16 (Domestic: 16, Interstate: No)
    OTS Docket #: 11990
    FDIC's unique #: 10277
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 144-51 Northern Boulevard, Flushing, NY 11354
    County: Queens
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $4,289.0 mil
    Equity capital: $429.4 mil
    Deposits held in domestic offices: $3,160.6 mil
    Return on assets (ROA): 0.80% ($34.3 mil)
    Quarterly return on assets: 0.76% ($32.6 mil)
    Return on Equity (ROE): 8.27% ($35.5 mil)
    Quarterly return on equity: 7.61% ($32.6 mil)
    Net income: $34.5 mil
    Quarterly Net income: $8.2 mil
    Pretax return on assets: 1.33% ($57,043.5 mil)
    Quarterly Pretax return on assets: 1.29% ($55,327.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 377Total employees (full-time equivalent)
  • $4,288,984Total assets
  • $51,742Cash and due from depository institutions
  • $45,805Interest-bearing balances
  • $809,048Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,198,536Net loans & leases
  • $30,344Loan loss allowance
  • $0Trading account assets
  • $24,417Bank premises and fixed assets
  • $3,265Other real estate owned
  • $14,992Goodwill and other intangibles
  • $4,288,985Life insurance assets
  • $186,984All other assets
  • $3,859,632Total liabilities and capital
  • $3,160,625Total liabilities
  • $3,127,764Total deposits
  • $3,160,625Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 185300.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $473,528Trading liabilities
  • $0Other borrowed funds
  • $40,179Subordinated debt
  • $429,353All other liabilities
  • $429,353Total equity capital
  • $429,353Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $211,912Surplus
  • $217,440Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $117,441Income earned, not collected on loans
  • $452Earning assets
  • $18,256Long-term assets (5+ years)
  • $4,053,389Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $4,310,924Volatile liabilities
  • $4,296,697Insider loans
  • $2,876,836FHLB advances
  • $4,263,120Loans and leases held for sale
  • $83,454Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $410,356Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $114,390Restructured Loans and leases
  • $838Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $227,449Total interest income
  • $72,911Total interest expense
  • $154,538Net interest income
  • $21,500Provision for loan and lease losses
  • $2,678Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$3,765Trading account gains & fees
  • $6,443Additional noninterest income
  • $76,728Total noninterest expense
  • $40,553Salaries and employee benefits
  • $15,519Premises and equipment expense
  • $20,656Additional noninterest expense
  • $58,988Pre-tax net operating income
  • -$1,578Securities gains (losses)
  • $22,883Applicable income taxes
  • $34,527Income before extraordinary items
  • $0Extraordinary gains - net
  • $34,527Net income attributable to bank
  • $0Net charge-offs
  • $34,527Cash dividends
  • $18,855Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 1.88%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 8.27%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 114.03%Credit loss provision to net charge-offs
  • 4.27%Efficiency ratio
  • 48,506Assets per employee
  • 11.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.93%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 25.84%Noncurrent assets plus other real estate owned to assets
  • 2.81%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 101.20%Net loans and leases to core deposits
  • 123.72%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 9.63%Tier 1 risk-based capital ratio
  • 14.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $4,310,924Average earning assets
  • $417,424Average equity
  • $4,073,791Average loans

List of branches

  • 16 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    010277Flushing Savings Bank, Fsb144-51 Northern Boulevard, Flushing, NY 11354June 01, 1929Full Service Brick and Mortar
    1237022Broadway Flushing Branch159-18 Northern Boulevard, Flushing, NY 11358June 09, 1961Full Service Brick and Mortar
    2237023Grants Plaza Branch661 Hillside Avenue, New Hyde Park, NY 11040October 02, 1971Full Service Brick and Mortar
    446664Edison Branch33 Irving Place, New York, NY 10003November 30, 1990Full Service Brick and Mortar
    52722956154 Springfield Blvd Branch6154 Springfield Blvd, Oakland Gardens, NY 11364January 01, 1912Full Service Brick and Mortar
    62722977102 3rd Avenue Branch7102 3rd Avenue, Brooklyn, NY 11209January 01, 1912Full Service Brick and Mortar
    7274486Auburndale Branch18808 Hollis Court Boulevard, Flushing, NY 11358January 01, 1913Full Service Brick and Mortar
    1143077Atlantic Liberty Savings, F.A. Branch186 Montague Street, Brooklyn, NY 11201January 01, 1888Full Service Brick and Mortar
    122793191402 Avenue J Branch1402 Avenue J, Brooklyn, NY 11230January 01, 1888Full Service Brick and Mortar
    13461778Kissena Boulevard Branch44-43 Kissena Boulevard, Flushing, NY 11355July 15, 2000Full Service Brick and Mortar
    1446178130th Avenue Branch3116 30th Avenue, Astoria, NY 11102October 23, 2003Full Service Brick and Mortar
    15461783Bell Blvd Branch4211 Bell Boulevard, Bayside, NY 11361March 01, 2006Full Service Brick and Mortar
    16495134Continental Avenue Branch10711 Continental Avenue, Forest Hills, NY 11375January 16, 2007Full Service Brick and Mortar
    17495135Roosevelt Avenue Branch13641 Roosevelt Avenue, Flushing, NY 11354Febuary 01, 2007Full Service Brick and Mortar
    18495137Franklin Avenue Branch1122 Franklin Avenue, Garden City, NY 11530January 20, 2009Full Service Brick and Mortar
    19522069Williamsburg Branch217 Havemeyer Street, Brooklyn, NY 11211January 04, 2011Full Service Brick and Mortar

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