BankDirect

2000 Mckinney Ave, Suite 700
Dallas, TX 75201
1.877.839.2737
www.bankdirect.com

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BankDirect, a fast growing Internet-only bank that provides convenient, competitive banking products and services to customers nationwide, went live on the Internet on May 17, 1999 at www.bankdirect.com. BankDirect provides competitive interest checking, savings, and money market accounts as well as certificates of deposit and free bill pay service to customers on the web. BankDirect offers financial control to customers who benefit from the convenience of banking anytime, anywhere. Through a "no-branch" model, BankDirect offers competitive rates and more convenient banking than traditional banks.

BankDirect Routing Number: 111024331

Review of BankDirect and Its AAdvantage Miles Program - 4/8/2011

With interest rates on internet savings accounts so low I thought it might be worthwhile to review BankDirect . Instead of competitive interest rates BankDirect offers airline miles on its deposit pro ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

BankDirect Checking Account Rates

Apy	Min	Max	Product
0.10%	$10k	-	Checking
0.01%	$2,500	-	Mileage Checking

BankDirect Savings Account Rates

	Apy	Min	Max	Product
	0.10%	$100	-	Savings

BankDirect Money Market Rates

Apy	Min	Max	Product
0.15%	$10k	-	Money Market
0.15%	$10k	-	IRA Money Market Account
0.15%	$10k	-	Roth IRA Money Market Account
0.05%	-	-	Mileage MMA

BankDirect CD Rates

Apy	Min	Max	Product
0.25%	$10k	-	12 Month CD
0.25%	$10k	-	18 Month CD
0.25%	$10k	-	24 Month CD
0.25%	$10k	-	30 Month CD
0.25%	$10k	-	36 Month CD
0.25%	$10k	-	48 Month CD
0.25%	$10k	-	60 Month CD
0.25%	$10k	-	12 Month Commercial CD
0.25%	$10k	-	18 Month Commercial CD
0.25%	$10k	-	24 Month Commercial CD
0.25%	$10k	-	30 Month Commercial CD
0.25%	$10k	-	36 Month Commercial CD
0.25%	$10k	-	48 Month Commercial CD
0.25%	$10k	-	60 Month Commercial CD
0.20%	$10k	-	6 Month CD
0.20%	$10k	-	6 Month Commercial CD
0.10%	$10k	-	90 Day CD
0.10%	$10k	-	6 Month Mileage CD
0.10%	$10k	-	12 Month Mileage CD
0.10%	$10k	-	24 Month Mileage CD
0.10%	$10k	-	90 Day Commercial CD

BankDirect IRA Rates

Apy	Min	Max	Product
0.25%	$1k	-	12 Month IRA CD
0.25%	$1k	-	18 Month IRA CD
0.25%	$1k	-	24 Month IRA CD
0.25%	$1k	-	30 Month IRA CD
0.25%	$1k	-	36 Month IRA CD
0.25%	$1k	-	48 Month IRA CD
0.25%	$1k	-	60 Month IRA CD
0.25%	$1k	-	12 Month Roth IRA CD
0.25%	$1k	-	18 Month Roth IRA CD
0.25%	$1k	-	24 Month Roth IRA CD
0.25%	$1k	-	30 Month Roth IRA CD
0.25%	$1k	-	36 Month Roth IRA CD
0.25%	$1k	-	48 Month Roth IRA CD
0.25%	$1k	-	60 Month Roth IRA CD

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

Texas Capital Bank, National Association
FDIC Certificate #	34383
BankRate Report	View
Year Established	1997
Employees	879
Primary Regulator	OCC
Assets and Liabilities
Assets	$10.53 billion
Loans	$9.89 billion
Deposits	$7.58 billion
Equity Capital	$822.65 million
Loan Loss Allowance	$74.34 million
Unbacked Noncurrent Loans	$57.81 million
Real Estate Owned	$15.99 million
Historic Data - December 2011
Assets	$8.13 billion
Equity Capital	$693.57 million
Loan Loss Allowance	$70.30 million
Unbacked Noncurrent Loans	$55.67 million
Real Estate Owned	$34.08 million
Profit Margin - Quarterly
Net Interest Margin	4.32%
Return on Assets	1.35%
Return on Equity	16.51%
Interest Income	$399.89 million

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 December 31, 2012 BankDirect had $73.8 million in non-current loans and owned real-estate with $896.98 million in equity and loan loss allowances on hand to cover it. This gives BankDirect a Texas Ratio of 8.23% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for BankDirect decreased slightly from 12.10% as of December 31, 2011 to 8.23% as of December 31, 2012, resulting in a positive change of 32.00%.This indicates that the balance sheet and financial strength for BankDirect has improved slightly in recent periods.
Deposit Growth
In the past year, BankDirect has increased its total deposits by $2 billion, resulting in 35.94% 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 BankDirect has shown is excellent.
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. BankDirect has $10.53 billion in assets with $896.98 million in equity, resulting in a capitalization level of 8.52%, which is average.