Average User Rating:
4 star rating based on 1 review.

AmTrustDirect

615 Merrick Avenue
Westbury, NY 11590
1.888.228.8146
www.amtrustdirect.com

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AmTrustDirect is headquartered in Westbury and is the 5^th largest bank in the state of New York. It is also the 41^st largest bank in the nation. It was established in 1859 and as of September of 2011, it had grown to 2,464 employees at 247 locations. AmTrustDirect's money market rates are 3X the national average, and it has a 4-star health rating.

Review of AmTrustDirect's Premium e-Money Market Account - 2/3/2012

It has been a while since I last took a look at AmTrustDirect . With the top rate of its Premium e-Money Market Account, I thought it was worth another look. AmTrustDirect has been around for a while, ...

Any Ever Use Amtrust? (Forum) - 11/25/2011

Hi everyone, Just curious to see if anybody has any experiences with Amtrust and their emoney market account? If so, how are the ACH transfers? How many days do they take? AMEX cut their rate again so I'm shopping around for a new account. Thanks fo

Top Money Market and CD Rates at AmTrust Bank - 9/5/2011

New York Community Bank acquired AmTrust Bank in December 2009 when AmTrust Bank failed. New York Community Bank has continued to operate AmTrust as one of its divisions. You can open accounts online ...

Review of AmTrust Direct's Internet CDs - Available Nationwide - 2/20/2010

AmTrust Direct is now part of New York Community Bank. AmTrust Bank failed on December 2009 and New York Community Bank assumed all deposits. It's common for acquiring banks to have some deposit deal ...

2010

1/25 - AmTrust Direct Back with 1.70% APY 12-Month CD [BestCashCow] (Forum)

2009

12/2 - AmTrust Financial Files for Bankruptcy - Future of AmTrust Bank?

2008

2007

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See Rates for: Money Market | CD

AmTrustDirect Money Market Rates

	Apy	Min	Max	Product
	1.15%	$5k	$100m	Premium e-Money Market Account

AmTrustDirect CD Rates

Apy	Min	Max	Product
1.75%	-	-	60 Month CD
1.55%	-	-	36 Month CD
1.35%	-	-	30 Month CD
0.60%	-	-	9 Month CD
0.60%	-	-	12 Month CD
0.60%	-	-	13 Month CD
0.50%	-	-	6 Month CD
0.25%	-	-	4 Month CD

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

New York Community Bank
FDIC Certificate #	16022
BankRate Report	View
Year Established	1859
Employees	2464
Primary Regulator	FDIC
Assets and Liabilities
Assets	$39.47 billion
Loans	$28.81 billion
Deposits	$21.12 billion
Equity Capital	$5.40 billion
Loan Loss Allowance	$146.17 million
Unbacked Noncurrent Loans	$745.33 million
Real Estate Owned	$185.75 million
Historic Data - September 2010
Assets	$39.51 billion
Equity Capital	$5.36 billion
Loan Loss Allowance	$142.56 million
Unbacked Noncurrent Loans	$606.96 million
Real Estate Owned	$76.43 million
Profit Margin - Quarterly
Net Interest Margin	3.44%
Return on Assets	1.21%
Return on Equity	8.67%
Interest Income	$1.34 billion

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 AmTrustDirect had $931.08 million in non-current loans and owned real-estate with $5.54 billion in equity and loan loss allowances on hand to cover it. This gives AmTrustDirect a Texas Ratio of 16.79% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for AmTrustDirect held steady from 18.10% as of September 30, 2010 to 16.79% as of September 30, 2011, resulting in a positive change of 7.22%.This indicates that the balance sheet and financial strength for AmTrustDirect has held steady in recent periods.
Deposit Growth
In the past year, AmTrustDirect has increased its total deposits by $383.21 million, resulting in 1.85% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AmTrustDirect has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AmTrustDirect has $39.47 billion in assets with $5.54 billion in equity, resulting in a capitalization level of 14.05%, which is excellent.

Why Is Amtrustdirect Not More Popular Here?
4 stars

- unmesh - Wednesday, February 1, 2012 - 10:05 PM

Their MMA account currently yields 1.15% for balances above $5K but there is barely any discussion on this website.

Thanks.