Flushing Bank Mortgage Rates, Fees & Info

Uniondale, NY

LEI: 549300QVXT6121Q7E798

Tax ID: 41-2231564

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Overview

    Flushing Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Flushing Bank has a high proportion of conventional loans. Their top markets include and New York among others. Flushing Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


    Originations

    234

    Origination Dollar Volume (All Markets)

    $369,640,000

    Employee count

    531

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 234 $369,640,000 $1,579,658 $0 0.00%

    Flushing Bank's top markets include and New York among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 234 $369,640,000 $1,579,658 $0 0.00%

    For the 2021 period, Flushing Bank's most frequently originated loan type of loans were Conventional, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Home Purchase 130 $205,530,000 $1,581,000 $0 0.00%
    Cash Out Refi 70 $124,090,000 $1,772,714 $0 0.00%
    Refi 25 $34,685,000 $1,387,400 $0 0.00%
    Home Improvement 9 $5,335,000 $592,778 $0 0.00%

    For the 2021, Flushing Bank's most frequently cited loan purpose of loans were Home Purchase, with 130 originations. The 2nd most popular reason of loans were Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 234 $369,640,000 $1,579,658 $0 0.00%

    For the 2021, Flushing Bank's most frequently cited loan length of loans were Other, with 234 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 83 $283,385,000 $3,414,277 $0 0.00%
    $600k-1MM 66 $49,560,000 $750,909 $0 0.00%
    $400k-600k 62 $30,390,000 $490,161 $0 0.00%
    $200k-400k 19 $5,635,000 $296,579 $0 0.00%
    $100k-200k 4 $670,000 $167,500 $0 0.00%

    2021 saw Flushing Bank place emphasis on $1MM+ loans with 83 originations, totaling $283,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $2,885,000 $412,143 $0 0.00%
    $100k-150k 4 $1,990,000 $497,500 $0 0.00%
    $50k-75k 2 $740,000 $370,000 $0 0.00%
    $250k+ 1 $585,000 $585,000 $0 0.00%

    Flushing Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 234 $369,640,000 $1,579,658 $0 0.00%

    Flushing Bank lent most frequently to those with DTI ratios of Exempt%, with 234 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 208 $352,430,000 $1,694,375 $0 0.00%
    Not provided 9 $8,605,000 $956,111 $0 0.00%
    White 7 $3,505,000 $500,714 $0 0.00%
    Black 6 $3,250,000 $541,667 $0 0.00%
    Asian 4 $1,850,000 $462,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.41%

    Flushing Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.36%

    Flushing Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 234 $369,640,000 $1,579,658

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    234 $369,640,000 $1,579,658

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Flushing Bank 1044 William Floyd Parkway Shirley, NY 11967 Full Service B&M $81,148
    Flushing Bank 1402 Avenue J Brooklyn, NY 11230 Full Service B&M $180,919
    Flushing Bank 147-42 Northern Boulevard Flushing, NY 11354 Full Service B&M $242,607
    Flushing Bank 164-20 Northern Boulevard Flushing, NY 11358 Full Service B&M $323,511
    Flushing Bank 170 Old Country Road Mineola, NY 11501 Full Service B&M $18,901
    Flushing Bank 1707 Veterans Highway, Suite 8 Islandia, NY 11749 Full Service B&M $561,896
    Flushing Bank 183 Canal Street New York, NY 10013 Full Service B&M $62,326
    Flushing Bank 186 Montague Street Brooklyn, NY 11201 Full Service B&M $121,579
    Flushing Bank 213-03 Northern Boulevard Bayside, NY 11361 Full Service B&M $122,536
    Flushing Bank 217 Havemeyer Street Brooklyn, NY 11211 Full Service B&M $49,556
    Flushing Bank 225 Park Avenue South New York, NY 10003 Full Service B&M $227,899
    Flushing Bank 260e Rxr Plaza Uniondale, NY 11556 Full Service Cyber Office $219,439
    Flushing Bank 260e Rxr Plaza Uniondale, NY 11556 Full Service B&M $2,074,899
    Flushing Bank 268 N Broadway Hicksville, NY 11801 Full Service B&M $50,509
    Flushing Bank 3116 30th Ave Astoria, NY 11102 Full Service B&M $164,673
    Flushing Bank 44-43 Kissena Boulevard Flushing, NY 11355 Full Service B&M $76,934
    Flushing Bank 4616 13th Avenue Brooklyn, NY 11219 Full Service B&M $84,161
    Flushing Bank 4747 Nesconset Highway, Unit 36 Port Jefferson Station, NY 11776 Full Service B&M $69,100
    Flushing Bank 6114 Springfield Blvd Bayside, NY 11364 Full Service B&M $137,245
    Flushing Bank 661 Hillside Ave New Hyde Park, NY 11040 Full Service B&M $663,764
    Flushing Bank 7102 3rd Ave Brooklyn, NY 11209 Full Service B&M $80,739
    Flushing Bank 89-12 Sutphin Boulevard Jamaica, NY 11435 Full Service B&M $11,270
    Flushing Bank 99 Park Avenue New York, NY 10016 Full Service B&M $149,645
    Flushing Bank 10711 Continental Ave Forest Hills, NY 11375 Full Service B&M $145,719
    Flushing Bank 1122 Franklin Avenue Garden City, NY 11530 Full Service B&M $321,632
    Flushing Bank 13641 Roosevelt Avenue Flushing, NY 11354 Full Service B&M $129,033

    For 2021, Flushing Bank had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $293,933
    Net interest income $259,439
    Total noninterest income $9,491
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,389
    Trading account gains and fees $-4
    Additional Noninterest Income $8,106
    Pre-tax net operating income $131,047
    Securities gains (or losses, -) $-252
    Income before extraordinary items $97,908
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $97,908
    Minority interest net income $0
    Net income $97,908
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $98,107

    Flushing Bank's gross interest income from loans was $293,933,000.
    Flushing Bank's net interest income from loans was $259,439,000.
    Flushing Bank's fee based income from loans was $1,389,000.
    Flushing Bank's net income from loans was $97,908,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $34,494
    Provision for credit losses $-5,550
    Total noninterest expense $143,433
    Salaries and employee benefits $89,130
    Premises and equipment expense $19,332
    Additional noninterest expense $34,971
    Applicable income taxes $32,887
    Net charge-offs $3,119
    Cash dividends $5,000

    Flushing Bank's interest expense for loans was $34,494,000.
    Flushing Bank's payroll and benefits expense were $89,130,000.
    Flushing Bank's property, plant and equipment expenses $19,332,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,400,542
    Deposits held in domestic offices $6,400,542
    Deposits by Individuals, partnerships, and corporations $5,274,208
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,098,435
    Deposits by Commercial banks and other depository institutions in U.S. $27,899
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $505,787
    Demand deposits $238,095
    Nontransaction accounts $5,894,755
    Money market deposit accounts (MMDAs) $2,343,711
    Other savings deposits (excluding MMDAs) $2,604,584
    Total time deposits $946,460
    Total time and savings deposits $6,162,447
    Noninterest-bearing deposits $981,251
    Interest-bearing deposits $5,419,291
    Retail deposits $5,562,368
    IRAs and Keogh plan accounts $208,614
    Brokered deposits $626,146
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,047,301
    Cash & Balances due from depository institutions $81,118
    Interest-bearing balances $56,828
    Total securities $833,021
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,600,970
    Loan and leases loss allowance $37,135
    Trading account assets $388
    Bank premises and fixed assets $73,538
    Other real estate owned $0
    Goodwill and other intangibles $18,123
    All other assets $440,143

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,047,301
    Total Liabilities $7,203,435
    Total deposits $6,400,542
    Interest-bearing deposits $5,419,291
    Deposits held in domestic offices $6,400,542
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $25,000
    Trading liabilities $0
    Other borrowed funds $611,186
    Subordinated debt $0
    All other liabilities $166,707

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,600,970
    Loan and leases loss allowance $37,135
    Total loans and leases (domestic) $6,638,105
    All real estate loans $5,833,022
    Real estate loans in domestic offices $5,833,022
    Construction and development loans $75,602
    Residential 1-4 family construction $873
    Other construction, all land development and other land $74,729
    Loans secured by nonfarm nonresidential properties $2,386,285
    Nonfarm nonresidential secured by owner-occupied properties $626,190
    Commercial real estate & other non-farm, non-residential $1,760,095
    Multifamily residential real estate $2,516,134
    1-4 family residential loans $855,001
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $797,327
    To non-U.S. addressees $0
    Loans to individuals $2,711
    Credit card loans $0
    Related Plans $117
    Consumer Auto Loans $0
    Other loans to individuals $2,594
    All other loans & leases $5,045
    Loans to foreign governments and official institutions $0
    Other loans $5,045
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,460
    Non 1-4 family restructured loans & leases $10,602
    Total loans and leases (foreign) $0

    Flushing Bank had $6,600,970,000 of loans outstanding in 2021. $5,833,022,000 of loans were in real estate loans. $75,602,000 of loans were in development loans. $2,516,134,000 of loans were in multifamily mortgage loans. $855,001,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 477 $235,854 $494,453
    Nonfarm, nonresidential loans - <$100k 4 $228 $57,000
    Nonfarm, nonresidential loans - $100-250k 43 $6,919 $160,907
    Nonfarm, nonresidential loans - $250k-1MM 430 $228,707 $531,877
    Commercial & Industrial, US addressed loans - <$1MM 927 $146,726 $158,280
    Commercial & Industrial, US addressed loans - <$100k 445 $13,363 $30,029
    Commercial & Industrial, US addressed loans - $100-250k 202 $26,491 $131,144
    Commercial & Industrial, US addressed loans - $250k-1MM 280 $106,872 $381,686