Flagstar Bank, N.A.: Asset Quality
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Data as of · Call Report Schedules RC-N and RI-B How we update
On its Q3 2026 filing, Flagstar Bank, N.A. reported 31 of the 33 line items on this page. It did not report credit card noncurrent rate and net charge-offs, credit cards. Nonperforming loans to total loans was 4.98% in Q3 2026, down 0.51 percentage points from 5.49% in Q3 2025. Across the 12 quarters shown it ranged from 1.44% (Q4 2023) to 5.49% (Q3 2025).
What the asset quality page covers and where each line comes from.
Open the full credit quality analysis: past due, nonaccrual and charge-offs by loan type, the allowance rollforward and its split by loan segment, each ratio's parts, and peers over many quarters.
The standout move of Q3 2026 was in Provision for credit losses: 313.3% higher than in Q2 2026, at $76.1M. Flagstar Bank, N.A.'s nonperforming loan ratio (nonaccrual plus 90+ days past due) of 4.98% is the 3rd-highest of the 101 banks headquartered in New York (Q3 2026), which puts it in the weaker half on this measure. Against a median of 0.67% for banks in the $10B-100B asset tier, Flagstar Bank, N.A. reported 4.98% on nonperforming loan ratio (nonaccrual plus 90+ days past due) in Q3 2026, 4.32 points higher.
Nonperforming assets
| Line item | Q3 2026 |
|---|---|
| Nonperforming loans to total loans | 4.98% |
| Nonaccrual loans to loans | 4.81% |
| Loans 90+ days past due to loans | 0.17% |
| Nonperforming assets ratio | 3.55% |
| Nonperforming assets to total assets | 3.55% |
| Other real estate owned | $3.5M |
| Other real estate owned to assets | 0.00% |
Source: Call Report Schedules RC-N and RI-B. Open the filed call report for Q3 2026 on the FFIEC CDR.
Reserves and coverage
| Line item | Q3 2026 |
|---|---|
| Allowance for credit losses on loans | $869.0M |
| Allowance to total loans | 1.40% |
| Reserve coverage of nonperforming loans | 28.07% |
| Reserve coverage of nonperforming assets | 28.04% |
| Provision for credit losses | $76.1M |
Source: Call Report Schedules RC-N and RI-B. Open the filed call report for Q3 2026 on the FFIEC CDR.
Commercial real estate credit
| Line item | Q3 2026 |
|---|---|
| Multifamily loans on nonaccrual | $2.12B |
| Multifamily nonaccrual rate | 8.18% |
| Multifamily noncurrent rate | 8.38% |
| Multifamily loans past due or nonaccrual | $2.57B |
| Commercial property loans on nonaccrual | $347.0M |
| Commercial property nonaccrual rate | 5.02% |
| Commercial property noncurrent rate | 5.79% |
| Commercial property loans past due or nonaccrual | $432.6M |
| Construction and land loans on nonaccrual | $116.1M |
| Construction and land nonaccrual rate | 9.07% |
Nonaccrual loans have stopped accruing interest. Noncurrent adds loans 90 or more days past due and still accruing. Past due and nonaccrual adds loans 30 or more days late, which includes loans past their maturity date and not repaid. Rates are over each property type's own loan balance.
Source: Call Report Schedules RC-N and RI-B. Open the filed call report for Q3 2026 on the FFIEC CDR.
Charge-offs
| Line item | Q3 2026 |
|---|---|
| Net charge-off ratio | 0.50% |
| Net charge-offs to average loans | 0.50% |
| Net charge-offs, credit cards | — |
| Net charge-offs, automobile loans | 25.32% |
| Net charge-offs, consumer | 4.56% |
| Net charge-offs, construction and development | 0.30% |
| Net charge-offs, multifamily | 0.75% |
Source: Call Report Schedules RC-N and RI-B. Open the filed call report for Q3 2026 on the FFIEC CDR.
Capital at risk
| Line item | Q3 2026 |
|---|---|
| Texas ratio | 35.73% |
| Nonperforming assets to equity | 40.55% |
| Nonperforming assets to tangible equity and reserves | 37.79% |
Source: Call Report Schedules RC-N and RI-B. Open the filed call report for Q3 2026 on the FFIEC CDR.
Asset Quality trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Above 100% means reserves fully cover recognized nonperforming loans.
A line with no points means the bank holds no loans of that type.
Readings above 100% have historically signaled acute distress.
Asset Quality by quarter
| Quarter | NPL ratio | Net charge-off ratio | Reserve coverage | Multifamily | Commercial property |
|---|---|---|---|---|---|
| Q4 2023 | 1.44% | 0.83% | 80.26% | 0.80% | 1.22% |
| Q1 2024 | 1.68% | 0.40% | 86.64% | 0.92% | 2.75% |
| Q2 2024 | 3.05% | 1.74% | 50.47% | 2.20% | 7.82% |
| Q3 2024 | 4.48% | 1.30% | 38.46% | 4.28% | 8.64% |
| Q4 2024 | 4.54% | 1.28% | 38.26% | 5.29% | 8.58% |
| Q1 2025 | 5.23% | 0.70% | 33.29% | 7.06% | 6.66% |
| Q2 2025 | 5.27% | 0.74% | 32.57% | 7.48% | 6.85% |
| Q3 2025 | 5.49% | 0.47% | 30.87% | 7.94% | 7.20% |
| Q4 2025 | 5.27% | 0.31% | 32.04% | 7.87% | 6.12% |
| Q1 2026 | 4.78% | 0.52% | 32.89% | 7.27% | 5.49% |
| Q2 2026 | 4.97% | 0.67% | 28.59% | 7.92% | 5.04% |
| Q3 2026 | 4.98% | 0.50% | 28.07% | 8.18% | 5.02% |
Flagstar Bank, N.A. asset quality, quarter by quarter
Asset Quality since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedules RC-N and RI-B, Q3 2026. How these pages are built. See the full Flagstar Bank, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 32541) · FFIEC NIC profile (RSSD 694904)