Flushing Commercial Bank in New Hyde Park, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Flushing Commercial Bank - Overview

  • General
  • FDIC Certificate #: 58564
    Status: Active
    Federal Reserve ID: 3597239
    Date Established: May 01, 2007
    WWW: http://www.flushingbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 456804
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Directly owned by another bank (CERT): #58564
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 01, 2007
    Last Structure Change Effective Date: May 14, 2007
    Last Structure Change Process Date: May 14, 2007
    Last Data Update: May 14, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1979 Marcus Avenue Suite E140, New Hyde Park, NY 11042
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $655.8 mil
    Equity capital: $62.8 mil
    Deposits held in domestic offices: $591.0 mil
    Return on assets (ROA): 1.00% ($6.6 mil)
    Quarterly return on assets: 1.03% ($6.8 mil)
    Return on Equity (ROE): 10.37% ($6.5 mil)
    Quarterly return on equity: 10.64% ($6.7 mil)
    Net income: $6.2 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 1.78% ($11,673.1 mil)
    Quarterly Pretax return on assets: 1.83% ($12,001.0 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
  • 1Total employees (full-time equivalent)
  • $655,791Total assets
  • $291,899Cash and due from depository institutions
  • $291,849Interest-bearing balances
  • $18,526Securities
  • $344,500Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $23Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $655,791Life insurance assets
  • $843All other assets
  • $593,010Total liabilities and capital
  • $590,987Total liabilities
  • $590,420Total deposits
  • $590,987Interest-bearing deposits
  • $3Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,023Subordinated debt
  • $62,781All other liabilities
  • $62,781Total equity capital
  • $62,781Total bank equity capital
  • $0Perpetual preferred stock
  • $3,500Common stock
  • $46,500Surplus
  • $12,781Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $422Long-term assets (5+ years)
  • $654,875Average Assets, year-to-date
  • $9,295Average Assets, quarterly
  • $619,509Volatile liabilities
  • $638,771Insider loans
  • $98,090FHLB advances
  • $627,480Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $62,177Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,380Total interest income
  • $4,614Total interest expense
  • $12,766Net interest income
  • $0Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,764Total noninterest expense
  • $369Salaries and employee benefits
  • $44Premises and equipment expense
  • $1,351Additional noninterest expense
  • $11,002Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,814Applicable income taxes
  • $6,188Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,188Net income attributable to bank
  • $0Net charge-offs
  • $6,188Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.81%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 2.06%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 0.29%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 10.37%Return on equity (ROE)
  • 10.37%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 13,818Assets per employee
  • 655.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 63.39%Total risk-based capital ratio
  • Memoranda
  • $63Average assets
  • $619,509Average earning assets
  • $59,684Average equity
  • $618,367Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456804Flushing Commercial Bank1979 Marcus Avenue Suite E140, New Hyde Park, NY 11042May 01, 2007Full Service Brick and Mortar
    1493479Montague Street Branch186 Montague Street, Brooklyn, NY 11201January 20, 2009Full Service Brick and Mortar
    2493849Garden City Branch1122 Franklin Avenue, Garden City, NY 11530January 20, 2009Full Service Brick and Mortar

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