Flagship Bank
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Data as of · sourced from FFIEC call reports. How we update
Flagship Bank is an FDIC-insured commercial bank headquartered in Clearwater, FL, established in 2006 (FDIC certificate 58113), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $802.8M, up 15.5% from Q2 2025, the 38th largest of 81 banks headquartered in Florida. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.69% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58113
- Headquarters
- Clearwater, FL
- Established
- 2006
- Total assets, Q2 2026
- $802.8M
- Assets vs Q2 2025
- +15.5%
- Tier 1 leverage ratio, Q2 2026
- 11.69%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 063115893
- Holding company
- WEST FLORIDA BANK CORPORATION
- Asset rank in state
- 38th of 81 in Florida
Flagship Bank leans heavily on commercial real estate. Its balance sheet stood at $803 million at June 30, 2026, up 15.5% from a year earlier; it is based in Clearwater, Florida. It holds commercial real estate loans worth 3.9 times its capital, about triple the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Net income for the quarter rose 25% from a year earlier, to $2.0 million.
As of June 30, 2026, Flagship Bank reported a return on assets of 1.02%, a nonperforming-loan ratio of 0.02% and a Texas ratio of 0.11%. The figures come from its call report filed with the FFIEC.
Of the 81 banks headquartered in Florida, Flagship Bank is the 38th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 5.4% to $802.8M, loans rose 7.6% and deposits rose 1.4%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 42.7% of total loans, followed by owner-occupied commercial real estate loans at 18.2%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in FL; its Clearwater office books 29% of its branch deposits. Judged on its Q2 2026 call report, Flagship Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 29750 Us Highway 19 N, Clearwater, FL 33761
- County
- Pinellas
- Metro Area
- Tampa-St. Petersburg-Clearwater, FL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 23, 2006
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 75
- Domestic deposits
- $670.4M
- Allowance for credit losses
- $6.2M
- Net charge-offs (YTD)
- $43K
- Average total assets
- $766.5M
- Average total loans
- $600.6M
- Average interest-bearing deposits
- $471.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 23, 2006
- FDIC Cert
- 58113
- Fed RSSD
- 3404999
- Website
- http://www.flagshipbank.com →
- Parent Holding Company
- WEST FLORIDA BANK CORPORATION (RSSD 5406223)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Flagship Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Flagship Bank's total assets moved between a low of $590.6M (Q3 2023) and a high of $802.8M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$802.8M total assets against $694.8M; $705.0M total liabilities against $604.7M.
$623.9M net loans and leases against $555.0M; $670.4M total deposits against $601.2M.
$10.0M securities against $5.0M; $144.3M cash and balances due against $113.2M.
$10.2M total interest income against $9.3M; $3.6M total interest expense against $3.3M.
$6.5M net interest income against $6.0M.
$330K total noninterest income against $295K; $3.9M total noninterest expense against $3.9M.
$410K provision for credit losses against $375K.
$2.0M net income against $1.6M.
1.02% return on assets against 0.90%; 3.51% net interest margin against 3.53%.
11.69% tier 1 leverage ratio against 11.67%.
Inside the full Flagship Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Flagship Bank rankings
Its closest position to the top of a national ranking is 1,246 of 4,196, for total assets; its furthest is 3,234 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.90% (Q2 2025) to 1.08% (Q3 2025) and its net interest margin ran from 3.37% (Q1 2025) to 3.61% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.69% | 1.02% | 0.02% | 0.11% | 3.51% |
| Q1 2026 | 11.96% | 0.95% | 0.14% | 0.90% | 3.42% |
| Q4 2025 | 11.78% | 1.07% | 0.13% | 0.84% | 3.54% |
| Q3 2025 | 11.81% | 1.08% | 0.13% | 0.86% | 3.61% |
| Q2 2025 | 11.67% | 0.90% | 0.00% | 0.00% | 3.53% |
| Q1 2025 | 11.56% | 0.97% | 0.00% | 0.00% | 3.37% |
| Q4 2024 | 11.61% | 0.96% | 0.00% | 0.00% | 3.55% |
| Q3 2024 | 11.48% | 1.01% | 0.01% | 0.06% | 3.52% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Flagship Bank (main office) | Clearwater , FL | 33761 | $191.5M |
| Largo Branch | Largo , FL | 33771 | $144.4M |
| Oldsmar Branch | Oldsmar , FL | 34677 | $115.5M |
| Tarpon Springs Branch | Tarpon Springs , FL | 34689 | $104.4M |
| St Petersburg 2 Branch | Saint Petersburg , FL | 33704 | $69.2M |
| West Pasco Branch | Trinity , FL | 34655 | $45.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in FL, rank 76 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 20 applications, 15 loans originated, $25.5M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.1M approved, $383K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Flagship Bank
What are Flagship Bank's total assets?
As of the Q2 2026 filing, Flagship Bank reported total assets of $802.8 million in its FFIEC call report.
Where is Flagship Bank headquartered?
It is headquartered in Clearwater, FL, United States.
When was Flagship Bank founded?
It was established in 2006, per the FDIC institution directory.
Is Flagship Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58113). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Flagship Bank?
Flagship Bank's primary federal regulator is the FDIC.
How many branches does Flagship Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Flagship Bank's Texas Ratio?
Its Texas Ratio is 0.11% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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