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623 5th Avenue, 13th Floor
New York, NY 10022

Doral Bank NY is the New York branch of the Puerto Rico based Doral Bank, a community bank and Member FDIC. Doral Bank is an wholly-owned subsidiary of the bank holding company Doral Financial Corporation which trades on the New York Stock Exchange.

Reviews (1)

Great Customer Service!

The customer service is much better, and I like the "hometown" feel it offers.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Doral Bank NY had $740.98 million in non-current loans and owned real-estate with $804.68 million in equity and loan loss allowances on hand to cover it. This gives Doral Bank NY a Texas Ratio of 92.08% 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 Doral Bank NY decreased slightly from 106.31% as of March 31, 2013 to 92.08% as of March 31, 2014, resulting in a positive change of 13.38%.This indicates that the balance sheet and financial strength for Doral Bank NY has improved slightly in recent periods.

Deposit Growth


In the past year, Doral Bank NY has increased its total deposits by $176.31 million, resulting in 3.65% 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 Doral Bank NY has shown is excellent.



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. Doral Bank NY has $7.84 billion in assets with $804.68 million in equity, resulting in a capitalization level of 10.27%, which is above average.

Institution Statistics

FDIC Certificate #32102
Year Established1981
Primary RegulatorFDIC
Assets and Liabilities
Assets$7.84 billion
Loans$6.12 billion
Deposits$5.00 billion
Equity Capital$686.56 million
Loan Loss Allowance$118.11 million
Unbacked Noncurrent Loans$626.59 million
Real Estate Owned$114.39 million
Historic Data - March 2013
Assets$7.72 billion
Equity Capital$668.02 million
Loan Loss Allowance$114.69 million
Unbacked Noncurrent Loans$626.59 million
Real Estate Owned$110.27 million
Profit Margin - Quarterly
Net Interest Margin3.38%
Return on Assets-0.74%
Return on Equity-8.4%
Interest Income$83.86 million

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Doral Bank NY Savings Account Rates

0.93%--Statement Savings
0.50%--Business Savings

Doral Bank NY Money Market Rates

1.03%$100k-Yield of Dreams Money Market
0.50%--Business Money Market Account

Doral Bank NY Checking Account Rates

0.85%--Gold Interest Checking

Doral Bank NY CD Rates

2.50%$500-120 Month CD
2.50%$500-Businiess 120 Month CD
2.10%$500-84 Month CD
2.10%$500-Businiess 84 Month CD
1.75%$500-60 Month CD
1.75%$500-Businiess 60 Month CD
1.55%$500-48 Month CD
1.55%$500-Businiess 48 Month CD
1.45%$500-36 Month CD
1.45%$500-Businiess 36 Month CD
1.30%$500-24 Month CD
1.30%$500-Businiess 24 Month CD
1.10%$500-18 Month CD
1.10%$500-Businiess 18 Month CD
1.05%$500-12 Month CD
1.05%$500-Businiess 12 Month CD
0.80%$500-6 Month CD
0.80%$500-Businiess 6 Month CD

Doral Bank NY IRA Rates

2.50%$500-120 Month IRA
2.10%$500-84 Month IRA
1.75%$500-60 Month IRA
1.55%$500-48 Month IRA
1.45%$500-36 Month IRA
1.30%$500-24 Month IRA
1.10%$500-18 Month IRA
1.05%$500-12 Month IRA
0.80%$500-6 Month IRA

Doral Bank NY Locations
Park Avenue South Branch345 Park Avenue SouthNew York, NY 10010
Fifth Avenue Branch623 Fifth AvenueNew York, NY 10022
3rd Avenue Branch875 Third AvenueNew York, NY 10022