Doral Bank

Doral Bank Locations
1451 Fd Roosevelt Avenue
San Juan, PR 920
1-855-513-6725
www.doralbank.com

Doral Bank is headquartered in San Juan and is the 3rd largest bank in the state of PR. It is also the 132nd largest bank in the nation. It was established in 1981 and as of March of 2012, it had grown to 1,163 employees at 11 locations. Doral Bank's CD rates are 28% higher than the national average, and it has a 3-star health rating.

Doral Bank Routing Number: 221572838

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Checking & Money Market Account Specials at Doral Bank NY - 5/16/2012

Doral Bank NY is offering a nice checking and money market promotion at its New York branches. The checking account special guarantees a 1.10% APY on the Gold Interest Checking for the first 12 months ...

Competitive 1-Year & 3-Year CD Rates at Doral Bank Direct - 5/10/2012

Doral Bank Direct continues to offer some competitive CD rates. The best two are a 1.15% APY 1-year CD and a 1.50% APY 3-year CD. The 6-month CD rate is also competitive at 0.75%. It's hard to believe ...

Top 1-Year CD Rate & Money Market Rate at Doral Bank - New York Only - 10/27/2011

Doral Bank is offering three good deposit deals at its New York branches. The best one is the 1-year CD with a 1.30% APY. The other CD has a 3-year term with a 1.60% APY. The money market special has ...

Top 1-Year CD Rate at Doral Bank Direct - 3/29/2011

Every now and then Doral Bank Direct offers competitive CD rates. Its latest deal is a 1-year CD with a 1.40% APY. Minimum deposit is $1,000. This is the only rate that's competitive. All the other CD ...



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Doral Bank CD Rates

ApyMinMaxProduct
1.50%$1k-36 Month Certificate
1.50%$1k-48 Month Certificate
1.50%$1k-60 Month Certificate
1.15%$1k-12 Month Certificate
1.15%$1k-18 Month Certificate
1.15%$1k-24 Month Certificate
0.75%$1k-6 Month Certificate
0.75%$1k-9 Month Certificate

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


Doral Bank
FDIC Certificate #32102
BankRate ReportView
Year Established1981
Employees1163
Primary RegulatorFDIC

Assets and Liabilities

Assets$7.36 billion
Loans$5.82 billion
Deposits$4.61 billion
Equity Capital$647.84 million
Loan Loss Allowance$147.46 million
Unbacked Noncurrent Loans$535.85 million
Real Estate Owned$121.10 million

Historic Data - March 2011

Assets$7.50 billion
Equity Capital$654.90 million
Loan Loss Allowance$110.50 million
Unbacked Noncurrent Loans$468.21 million
Real Estate Owned$95.53 million

Profit Margin - Quarterly

Net Interest Margin3.13%
Return on Assets0.01%
Return on Equity0.13%
Interest Income$84.06 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio1
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 March 31, 2012 Doral Bank had $656.95 million in non-current loans and owned real-estate with $795.3 million in equity and loan loss allowances on hand to cover it. This gives Doral Bank a Texas Ratio of 82.60% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Doral Bank held steady from 82.66% as of March 31, 2011 to 82.60% as of March 31, 2012, resulting in a positive change of 0.06%.This indicates that the balance sheet and financial strength for Doral Bank has held steady in recent periods.
Deposit Growth5
In the past year, Doral Bank has increased its total deposits by $273.79 million, resulting in 6.31% 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 Doral Bank has shown is excellent.
Capitalization4
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 has $7.36 billion in assets with $795.3 million in equity, resulting in a capitalization level of 10.80%, which is above average.
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