DollarSavingsDirect

DollarSavingsDirect is headquartered in New York and is the 11^st largest bank in the state of New York. It is also the 108^th largest bank in the nation. It was established in 1850 and as of December of 2012, it had grown to 902 employees at 33 locations. DollarSavingsDirect has a 4-star health rating.

Related Posts

2011

• 8/15 - More Rate Drops (Forum)
• 4/22 - Rate Decrease (4457) (Forum)
• 1/30 - DollarSavingsDirect.com's History & Closing Tips (Forum)
• 1/21 - Dollar Savings Direct Rate Decrease (Forum)

2010

• 9/20 - Rate Decrease (Forum)
• 8/20 - Closing A Dollar Savings Direct Account (Forum)
• 6/16 - Comparing CDARS with DollarSavingsDirect's CD
• 6/8 - Update on DollarSavingsDirect's 16-Month CD and Emigrant Bank
• 5/12 - Dollar Savings Direct & Emigrant Direct Savings Account Rates Fall (Forum)
• 3/3 - Dollar Savings Direct Cuts Savings Account Rate to 1.30% (Forum)
• 2/9 - Emigrant Bank Cuts Rates at DollarSavingsDirect and EmigrantDirect (Forum)

2009

• 8/24 - 2.25% 16-Month CD at DollarSavingsDirect - Available Nationwide
• 3/7 - Dollar Savings Direct Cuts Savings Account Rate Again - Options and Issues to Consider
• 2/10 - ACH Transfers and Linking External Accounts at Dollar Savings Direct
• 1/23 - DollarSavingsDirect Savings Account Yield Falls to 3.50% - Alternatives?

2008

• 12/23 - 4.00% 16-Month Online CD at Dollar Savings Direct
• 10/8 - DollarSavingsDirect Raises Savings Account Yield to 4.00%
• 8/8 - Emigrant's New Internet Bank: DollarSavingsDirect

DollarSavingsDirect Savings Account Rates

Data for Q4 2012

Institution Statistics Emigrant Bank FDIC Certificate # 12054 BankRate Report View Year Established 1850 Employees 902 Primary Regulator FDIC Assets and Liabilities Assets $9.94 billion Loans $4.26 billion Deposits $8.43 billion Equity Capital $1.35 billion Loan Loss Allowance $89.05 million Unbacked Noncurrent Loans $463.82 million Real Estate Owned $57.65 million Historic Data - December 2011 Assets $7.97 billion Equity Capital $1.02 billion Loan Loss Allowance $84.48 million Unbacked Noncurrent Loans $340.83 million Real Estate Owned $61.70 million Profit Margin - Quarterly Net Interest Margin 2.47% Return on Assets 0.77% Return on Equity 6.7% Interest Income $330.03 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 DollarSavingsDirect had $521.47 million in non-current loans and owned real-estate with $1.44 billion in equity and loan loss allowances on hand to cover it. This gives DollarSavingsDirect a Texas Ratio of 36.32% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for DollarSavingsDirect held steady from 36.50% as of December 31, 2011 to 36.32% as of December 31, 2012, resulting in a positive change of 0.50%.This indicates that the balance sheet and financial strength for DollarSavingsDirect has held steady in recent periods. Deposit Growth In the past year, DollarSavingsDirect has increased its total deposits by $2.42 billion, resulting in 40.31% 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 DollarSavingsDirect 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. DollarSavingsDirect has $9.94 billion in assets with $1.44 billion in equity, resulting in a capitalization level of 14.44%, which is excellent.