Flagstar Bank, National Association
Hicksville, New York, Nassau County
$87.7B in total assets, the 36th largest of 4,309 US banks and 5th of 126 headquartered in New York.
- FDIC certificate
- 32541
- Established
- 1987
- Owned by
- No holding company
- Primary regulator
- OCC
- Website
- www.flagstar.com
At a glance
Compared with 15 banks headquartered in New York with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $87.7B | 98% | $16.2B | |
| Loans | $61.2B | 98% | $11.8B | |
| Deposits | $67.5B | 98% | $13.7B | |
| Return on assets | 0.06% | 2% | 0.96% | |
| Net interest margin | 2.18% | 22% | 2.89% | |
| Efficiency ratio | 85.2% | 98% | 61.0% | |
| Equity to assets | 9.28% | 33% | 10.22% | |
| Loans to deposits | 91% | 64% | 85% |
Growth
Total assets grew 26.5% a year over the last 5 years and 20.4% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2023 | Signature Bridge Bank, National Association New York, NY | n/a |
| Dec 2022 | New York Community Bank Hicksville, NY | $62.9B |
| Dec 2018 | New York Commercial Bank Westbury, NY | $3.5B |
| Mar 2010 | Desert Hills Bank Phoenix, AZ | $497M |
| Dec 2009 | AmTrust Bank Cleveland, OH | $11.4B |
| Oct 2007 | Synergy Bank Cranford, NJ | $912M |
| Apr 2007 | Penn Federal Savings Bank Newark, NJ | $2.3B |
| Nov 2003 | The Roslyn Savings Bank Roslyn, NY | $10.5B |
| Aug 2001 | Richmond County Savings Bank Staten Island, NY | $3.7B |
| Feb 2001 | CFS Bank Woodhaven, NY | $2.7B |
| Feb 1996 | Security Savings Bank, FSB Jackson, MI | $335M |
| Jun 1992 | American Savings Bank White Plains, NY | $3.2B |
Where they operate
345 branches in 72 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Oakland County, MI | $11.5B | 14.8% | 2 of 29 |
| New York County, NY | $10.9B | 0.6% | 14 of 83 |
| Nassau County, NY | $6.6B | 6.7% | 6 of 33 |
| Queens County, NY | $5.0B | 6.2% | 4 of 52 |
| Suffolk County, NY | $4.2B | 6.5% | 7 of 22 |
| Essex County, NJ | $3.8B | 13.3% | 1 of 31 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 246 branches since 2016 (99 to 345, +248.5%). 72 opened, 271 acquired, 97 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 99 | |||
| 2018 | Opened 10 in 2 states | 10 | 0 | +10 | 109 |
| 2019 | Opened 52 in 4 states | 52 | 0 | +52 | 161 |
| 2020 | Closed Marinette and South Bend | 0 | 2 | −2 | 159 |
| 2022 | Acquired New York Community BankClosed Victorville | 234 | 1 | +233 | 392 |
| 2023 | Acquired Signature Bridge Bank, National AssociationBought 37 branches from Signature Bank, opened 8 in 5 states, closed 17 in 4 states | 45 | 17 | +28 | 420 |
| 2024 | Opened BrooklynClosed 3 in 3 states | 1 | 3 | −2 | 418 |
| 2025 | Opened Palm BeachClosed 74 in 8 states | 1 | 74 | −73 | 345 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Multifamily | 44% | 11% | |
| Business (C&I) | 20% | 29% | |
| 1-4 family residential | 12% | 7% | |
| Commercial real estate | 11% | 18% | |
| Construction and land | 2% | 4% | |
| Consumer | 0% | 3% | |
| Other | 11% | 28% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 76% | |
| Time deposits | 30% | 12% | |
| Noninterest-bearing | 17% | 12% |
Brokered deposits are 9.7% of deposits (peers 5.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 4.96% | 0.54% |
| Net charge-offs, annualized | 0.58% | 0.09% |
| Reserves to loans | 1.42% | 0.80% |
| Leverage ratio | 9.70% | 10.67% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Oakland County, MI
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/flagstar