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Overview / Commentary
10 Meridian Street
Boston, MA 02128

EBSB Direct is headquartered in Boston and is the 10st largest bank in the state of Massachusetts. It is also the 273rd largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 425 employees at 27 locations. EBSB Direct's money market rates are 2X the national average, and it has a B+ health rating.

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Top Money Market Account Rate at EBSB Direct - New England and NY Only - 1/9/2014

EBSB Direct continues to have a top rate on its money market account. It has a 1.00% APY for balances of $50K to $1 million. For balances between $5K and $50K, the rate is 0.25%. No interest is paid f ...

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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 EBSB Direct had $41.86 million in non-current loans and owned real-estate with $266.48 million in equity and loan loss allowances on hand to cover it. This gives EBSB Direct a Texas Ratio of 15.71% 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 EBSB Direct decreased slightly from 20.63% as of March 31, 2013 to 15.71% as of March 31, 2014, resulting in a positive change of 23.85%.This indicates that the balance sheet and financial strength for EBSB Direct has improved slightly in recent periods.

Deposit Growth


In the past year, EBSB Direct has increased its total deposits by $359.24 million, resulting in 18.3% 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 EBSB Direct 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. EBSB Direct has $2.79 billion in assets with $266.48 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

FDIC Certificate #33510
Year Established1991
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.79 billion
Loans$2.32 billion
Deposits$2.32 billion
Equity Capital$241.04 million
Loan Loss Allowance$25.44 million
Unbacked Noncurrent Loans$41.01 million
Real Estate Owned$850,000
Historic Data - March 2013
Assets$2.38 billion
Equity Capital$207.10 million
Loan Loss Allowance$20.88 million
Unbacked Noncurrent Loans$41.01 million
Real Estate Owned$2.08 million
Profit Margin - Quarterly
Net Interest Margin3.2%
Return on Assets0.7%
Return on Equity8.06%
Interest Income$25.86 million
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EBSB Direct Money Market Rates

1.00%$50k$1mEBSBdirect Money Market Account

EBSB Direct CD Rates

1.10%$1k-36 Month EBSB CD
0.55%$1k-10 Month EBSB CD

EBSB Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 10 Meridian Street - Boston, MA 02128