Flagstar Bank, National Association

Our records indicate that this bank has been acquired by New York Community Bank.

Headquarters

102 Duffy Ave
Hicksville, NY 11801
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.80% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Public Note: May be branded as New York Community Bank in New York, New Jersey and Connecticut.

April 8, 2024

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

Flagstar Bank, National Association is an FDIC insured institution located in Hicksville, NY. It was founded in 1987 and has approximately $118.99 billion in assets. Customers can open an account at one of its 100 branches.

May be branded as New York Community Bank in New York, New Jersey and Connecticut.


FDIC Insured	Yes
FDIC Certificate	# 32541
Date Established	1987
Assets	$ 118.99 billion
Loans	$ 81.13 billion
Deposits	$ 79.68 billion
Capital	$ 8.99 billion

For a more detailed analysis of Flagstar Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

CD Rates	APY	MIN	MAX
7 Month CD Special	5.15%	$500	$250,000	Learn More Reviews
13 Month CD Special	4.75%	$500	$250,000	Learn More Reviews

Checking Rates	APY	MIN	FEE
Flagstar Ready Checking	0.00%	$0	$3.00	Learn MoreShow Less
SimplyPlus+ Checking	0.01%	$1,000	$15.00	Learn MoreShow Less

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Flagstar Bank, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 66247	6.576%	6.500% 0.75 points $2,544 fees	$2,023	Learn More
NMLS ID: 1025894	6.953%	6.875% 0.63 points $2,534 fees	$2,103	Learn More
NMLS ID: 2890 License#: MBMB.850089.000	6.989%	6.875% 0.88 points $3,721 fees	$2,103	Learn More
NMLS ID: 1907	7.093%	7.000% 1.00 points $3,002 fees	$2,129	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Achieve Loans See Table	Intro APR 10.625 % After Intro: 10.625 %	$0	Learn More More Info
All terms are estimates until underwriting is complete. Offer shown includes a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Offers are only valid in states where Achieve is licensed. Loans are not available to residents of all states and available loan terms and fees may vary by state where offered. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to Flagstar Bank, National Association
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Branches

Flagstar Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

Flagstar Bank, National Association Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Monroe Branch	139.23	A	View Lobby Hours
Brownstown Branch	151.07	B	View Lobby Hours
Southgate Branch	155.06	C	View Lobby Hours
Pelham Street Branch	157.46	D	View Lobby Hours
Hillsdale Branch	160.56	E	View Lobby Hours
Allen Park Branch	160.73	F	View Lobby Hours
Michigan Avenue Canton Branch	161.74	G	View Lobby Hours
Brooklyn Branch	162.11	H	View Lobby Hours
Washtenaw Banking Center	162.15	I	View Lobby Hours
Greenfield Road Branch	162.44	J	View Lobby Hours
Briarwood Circle Branch	162.46	K	View Lobby Hours
One Detroit Center Branch	163.71	L	View Lobby Hours
Dearborn Heights Branch	164.22	M	View Lobby Hours
Canton Branch	164.97	N	View Lobby Hours
Midtown Branch	165.07	O	View Lobby Hours
Ann Arbor Branch	165.15	P	View Lobby Hours
University Foods Banking Center Bran	165.35	Q	View Lobby Hours
Commonwealth Branch	166.11	R	View Lobby Hours
Westland Banking Center	166.32	S	View Lobby Hours
Napoleon Branch	166.54	T	View Lobby Hours
Kercheval Road Branch	167.84	U	View Lobby Hours
Detroit Branch	169.28	V	View Lobby Hours
Grosse Pointe Woods Branch	170.51	W	View Lobby Hours
Chelsea Branch	170.58	X	View Lobby Hours
Livonia Branch	170.71	Y	View Lobby Hours
Michigan Center Branch	171.86	Z	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

Flagstar has outlined its climate initiatives here.

Updated November 30, -0001

Climate Score: C

Flagstar has outlined a program of investing in sustainable solutions, but mistakenly includes natural gas infrastructure, hydrogen and ethanol among those projects that are desirable climate solutions.

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Financial Details

Flagstar Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flagstar Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

Flagstar Bank, National Association	U.S. Bank Average
24.55%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Flagstar Bank, National Association had $2,512,859,000 in non-current loans and $6,535,000 in owned real estate. To cover these potential losses it had $8,993,116,000 in equity and $1,268,348,000 in loans loss reserves. That gives it a Texas Ratio of 24.55%.

Return on Equity

Flagstar Bank, National Association	U.S. Bank Average
-13.27%	10.46%

Flagstar Bank, National Association has a Return on Equity of -13.27% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Flagstar Bank, National Association	U.S. Bank Average
7.56%	10.84%

Flagstar Bank, National Association has a Capitalization of 7.56% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Flagstar Bank, National Association Balance Sheet Analysis

As of June 30, 2024, Flagstar Bank, National Association had assets of $118,993,651,000, loans of $81,129,826,000, and deposits of $79,682,020,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 18.99 billion
Interest-bearing balances	$ 18.28 billion
Total securities	$ 10.55 billion
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 81.13 billion
Loan loss allowance	$ 1,268.35 million
Trading account assets	$ 101.70 million
Bank premises and fixed assets	N.A.
Other real estate owned	$ 6.54 million
Goodwill and other intangibles	$ 1,678.28 million
All other assets	$ 1,516.41 million
Total Assets	$ 110.00 billion

LIABILITIES
Total deposits	$ 79.68 billion
Interest-bearing deposits	$ 61.81 billion
Deposits held in domestic offices	$ 79.68 billion
% insured (estimated)	79.22%
Federal funds purchased and repurchase agreements	$ 121.06 million
Trading liabilities	$ 14.17 million
Other borrowed funds	$ 4.12 billion
Subordinated debt	N.A.
All other liabilities	$ 511.33 million
Total Liabilities	$ 110.00 billion
Shareholders’ Equity	$ 8.99 billion

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 3.06 billion
Total Interest Expense	$ 1,835.71 million
Net interest income	$ 1,225.38 million
Provision for loan and lease losses	$ 704.83 million
Total non interest income	$ 218.36 million
Total non interest expense	$ 1,485.86 million
Pre-tax Net Operating Income	$ 156.61 million

Bank Loan Profile^?

The top three loan types in Flagstar Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks, Flagstar Bank, National Association’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	9.10		✓
Multifamily Mortgages	0.22		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.01		✓
Small Business Loans	0.19		✓
Construction and Development Loans	2.04		✓
Commercial Real Estate	2.03	✓
Commercial and Industrial Loans	1.79		✓
Farm Loans	0.00		✓

Customer Reviews for Flagstar Bank, National Association

One pissed off home owner

August 24, 2018

Flagstar is nothing but a bunch of bitches and if they think i.m sending this check to them signed they can kiss my fuckin ass. I will let this house fall apart before they make a damn dime of me, How you people sleep at night just blows my mind and any one that works for them can kiss my ass to. I will see you low life scum sucking ass holes in court.

Is this review helpful? Yes:5 / No: 1