Flatbush Federal Savings and Loan Association in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Flatbush Federal Savings and Loan Association in Brooklyn, New York (NY)
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Flatbush Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 29435
    Status: Active
    Federal Reserve ID: 557773
    Date Established: January 01, 1889
    WWW: http://www.flatbushfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 3444
    FDIC's unique #: 42269
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: April 11, 1936
    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: 2146 Nostrand Ave, Brooklyn, NY 11210
    County: Kings
    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: $142.8 mil
    Equity capital: $13.7 mil
    Deposits held in domestic offices: $115.6 mil
    Return on assets (ROA): -0.46% (-$0.7 mil)
    Quarterly return on assets: 0.15% ($0.2 mil)
    Return on Equity (ROE): -4.59% (-$0.6 mil)
    Quarterly return on equity: 1.57% ($0.2 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.78% (-$1,113.9 mil)
    Quarterly Pretax return on assets: 0.45% ($642.6 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
  • 36Total employees (full-time equivalent)
  • $142,809Total assets
  • $3,052Cash and due from depository institutions
  • $1,180Interest-bearing balances
  • $25,748Securities
  • $5,750Federal funds sold & reverse repurchase agreements
  • $95,517Net loans & leases
  • $957Loan loss allowance
  • $0Trading account assets
  • $2,377Bank premises and fixed assets
  • $768Other real estate owned
  • $0Goodwill and other intangibles
  • $142,809Life insurance assets
  • $9,597All other assets
  • $129,146Total liabilities and capital
  • $115,632Total liabilities
  • $110,426Total deposits
  • $115,632Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,640Trading liabilities
  • $0Other borrowed funds
  • $2,874Subordinated debt
  • $13,663All other liabilities
  • $13,663Total equity capital
  • $13,663Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $7,240Surplus
  • $6,423Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,037Income earned, not collected on loans
  • $0Earning assets
  • $554Long-term assets (5+ years)
  • $128,195Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $143,894Volatile liabilities
  • $143,569Insider loans
  • $86,081FHLB advances
  • $141,017Loans and leases held for sale
  • $4,522Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,069Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $646Restructured Loans and leases
  • $775Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,856Total interest income
  • $1,584Total interest expense
  • $5,272Net interest income
  • $1,820Provision for loan and lease losses
  • $254Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $254Additional noninterest income
  • $4,827Total noninterest expense
  • $2,649Salaries and employee benefits
  • $1,451Premises and equipment expense
  • $727Additional noninterest expense
  • -$1,121Pre-tax net operating income
  • $0Securities gains (losses)
  • -$458Applicable income taxes
  • -$663Income before extraordinary items
  • $0Extraordinary gains - net
  • -$663Net income attributable to bank
  • $0Net charge-offs
  • -$663Cash dividends
  • $1,484Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • -0.46%Net operating income to assets
  • -0.46%Return on assets (ROA)
  • -0.78%Pretax return on assets
  • -4.59%Return on equity (ROE)
  • -4.59%Retained earnings to average equity (YTD only)
  • 1.45%Net charge-offs to loans
  • 122.64%Credit loss provision to net charge-offs
  • 0.47%Efficiency ratio
  • 87,351Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 13.60%Noncurrent assets plus other real estate owned to assets
  • 5.47%Noncurrent loans to loans
  • 7.29%Net loans and leases to deposits
  • 82.60%Net loans and leases to core deposits
  • 87.08%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 11.45%Tier 1 risk-based capital ratio
  • 18.67%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $143,894Average earning assets
  • $14,441Average equity
  • $130,564Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042269Flatbush Federal Savings And Loan As2146 Nostrand Ave, Brooklyn, NY 11210January 01, 1889Full Service Brick and Mortar
    12750056410 18th Avenue Branch6410 18th Avenue, New York City, NY 11204January 01, 1889Full Service Brick and Mortar
    100275006518 Brighton Beach Avenue Branch518 Brighton Beach Avenue, New York City, NY 11235January 01, 1889Full Service Brick and Mortar

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