Flushing Bank (merged into OceanFirst Bank)
Flushing Bank reported total assets of $8.9 bn at Q1 2026, its last Call Report before it merged into OceanFirst Bank. The CET1 capital ratio at Flushing Bank was 13.89%, and the uninsured share of Flushing Bank was 36.31%. Source: FDIC Call Reports.
Key takeaways
- Since , Flushing Bank has taken over one institution; the latest was Empire National Bank on (FDIC Call Reports).
What sets Flushing Bank apart
How large is Flushing Bank?
The balance sheet of Flushing Bank at : assets $8.9 bn, deposits $7.6 bn, net loans $6.5 bn (loans equal to 85.79% of deposits). Securities make up 18.9% of total assets at Flushing Bank. Since , when Flushing Bank held $5.8 bn, its assets grew 52.2%. In the year to , deposits at Flushing Bank fell 2.3% while its total assets fell 1.6%. At , Flushing Bank employed 574 full-time equivalent staff across 31 offices, about $15.4 mn of assets per employee and $245.1 mn of deposits per office.
How much funding at Flushing Bank is uninsured?
At Flushing Bank, uninsured deposits (above the FDIC limit) made up 36.31% of domestic deposits at (+1.34 pp on a year earlier). In dollars, Flushing Bank estimated $2.8 bn of uninsured deposits.
Key facts, Q1 2026
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $7.6 bn | $7.8 bn (Q1 2025) | |
| Net loans and leases | $6.5 bn | $6.7 bn (Q1 2025) | |
| Loan-to-deposit ratio | 85.79% | 86.54% (Q1 2025) | |
| Tier 1 leverage ratio | 10.45% | 9.56% (Q1 2025) | |
| Total risk-based capital ratio | 14.59% | 13.35% (Q1 2025) | |
| Net interest margin | 2.88% | 2.68% (Q1 2025) | |
| Return on assets (ROA) | 0.54% | -0.23% (Q1 2025) | |
| Efficiency ratio | 70.12% | 67.71% (Q1 2025) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $5.0 mn | Narrowed by $1.9 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $4.9 mn | Widened by $137,000 | |
| Noncurrent loans to total loans | 0.77% | 0.68% (Q1 2025) | |
| Net charge-offs to average loans | 0.03% | 0.26% (Q1 2025) |
US rank of Flushing Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Flushing Bank: assets, deposits and loans
- Total assets $8.9bn
- Deposits $7.6bn
- Net loans $6.5bn
Capital and securities
The CET1 ratio of Flushing Bank stood at 13.89% in , +1.15 pp year on year. Low and high at Flushing Bank since : 11.65% () to 14.12% (). Equity capital of Flushing Bank at : $922.7 mn, or 10.4% of total assets. Flushing Bank also reported a total capital ratio of 14.59% for , and a tier 1 leverage ratio of 10.45%.
On held-to-maturity securities, Flushing Bank carried an unrealized loss of $5.0 mn at , equal to 0.5% of equity capital. The loss narrowed by $1.9 mn over the year. Its deepest point: $16.5 mn in . The available-for-sale portfolio of Flushing Bank showed an unrealized loss of $4.9 mn at ; the loss widened by $137,000 over the year.
Flushing Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 10%
Flushing Bank: unrealized securities gains and losses
- Available for sale -$5mn
- Held to maturity -$5mn
Profitability and loan quality
For the year to , Flushing Bank earned a return on equity of 5.14%; return on assets: 0.54%. Net interest margin at Flushing Bank: 2.88%, +0.19 pp in a year. Flushing Bank net income: $11.8 mn, down 325.2% year on year. The efficiency ratio of Flushing Bank was 70.12%: about 70 cents cost per revenue dollar, against 47 cents at the median peer.
At , noncurrent loans were 0.77% of total loans at Flushing Bank; net charge-offs: 0.03% of average loans. Gross loans and leases at Flushing Bank: $6.6 bn at , against $6.8 bn at .
Flushing Bank: profitability
- Return on equity 5.1%
- Net interest margin 2.9%
- Return on assets 0.5%
Peer group of Flushing Bank
The peer group of Flushing Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Flushing Bank (state nonmember bank) and 1 has its head office in New York. Against them, Flushing Bank shows CET1 ratio 13.89% against a peer median of 14.57%, return on equity 5.14% against a peer median of 16.25% and uninsured deposit share 36.31% against a peer median of 31.90%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Lake Forest Bank & Trust Company | National bank | IL | $9.0 bn | 11.04% | 18.59% | 47.89% | |
| Merrick Bank | State nonmember bank | UT | $8.9 bn | 17.81% | 16.90% | 3.21% | |
| b1BANK | State nonmember bank | LA | $8.9 bn | 11.96% | 10.46% | 46.47% | |
| Flushing Bank | State nonmember bank | NY | $8.9 bn | 13.89% | 5.14% | 36.31% | |
| Metropolitan Commercial Bank | State member bank | NY | $8.8 bn | 13.13% | 15.60% | 25.40% | |
| Southside Bank | State nonmember bank | TX | $8.8 bn | 16.01% | 10.66% | 38.41% | |
| RBC Bank, (Georgia) | National bank | GA | $8.8 bn | 43.93% | 21.57% | 5.98% | |
. FDIC Call Reports.
Last eight quarters
Two years at Flushing Bank, to : assets $9.1 bn to $8.9 bn, deposits $7.0 bn to $7.6 bn, equity $812.9 mn to $922.7 mn. Staff 560 to 574; offices 28 to 31.
| Metric | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $9.1 bn | $9.3 bn | $9.0 bn | $9.0 bn | $8.8 bn | $8.9 bn | $8.7 bn | $8.9 bn |
| Total deposits | $7.0 bn | $7.6 bn | $7.3 bn | $7.8 bn | $7.3 bn | $7.5 bn | $7.3 bn | $7.6 bn |
| Bank equity capital | $812.9 mn | $822.0 mn | $883.4 mn | $873.7 mn | $885.4 mn | $901.7 mn | $913.2 mn | $922.7 mn |
| CET1 ratio | 12.47% | 12.50% | 12.51% | 12.74% | 13.11% | 13.38% | 13.73% | 13.89% |
| Return on equity (ROE) | 3.52% | 4.08% | -2.20% | -2.38% | 2.35% | 3.82% | 4.21% | 5.14% |
| Uninsured share of domestic deposits | 31.81% | 30.50% | 31.28% | 34.97% | 34.53% | 34.44% | 34.81% | 36.31% |
| Full-time equivalent employees | 560 | 553 | 571 | 570 | 582 | 566 | 567 | 574 |
| Number of offices | 28 | 28 | 29 | 29 | 30 | 30 | 31 | 31 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Flushing Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Empire National Bank (FDIC certificate 58632).
- . Merged into OceanFirst Bank, National Association (FDIC certificate 28359).
Questions and identifiers
What were the total assets of Flushing Bank?
Flushing Bank reported $8.9 bn at in its Call Report.
Is Flushing Bank the same as its holding company?
No. This page covers Flushing Bank, FDIC certificate 58564; FLUSHING FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Flushing Bank profitable?
Flushing Bank reported net income of $11.8 mn for the year to ; annualized return on equity: 5.14%. So yes: Flushing Bank made a profit over these months.
When is data for Flushing Bank next updated?
Flushing Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Flushing Bank?
In the FDIC BankFind Suite record for certificate 58564, and in the Call Reports of Flushing Bank (RSSD ID 959304) at the FFIEC Central Data Repository.