Flushing Bank Mortgage Rates, Fees & Info
Uniondale, NY
LEI: 549300QVXT6121Q7E798
Tax ID: 41-2231564
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Mortgage Data
Bank Data
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
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
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.
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 |