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Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 June 30, 2014 Grand Yield Direct had $7.26 million in non-current loans and owned real-estate with $987.08 million in equity and loan loss allowances on hand to cover it. This gives Grand Yield Direct a Texas Ratio of 0.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Grand Yield Direct experienced no significant changes from 0.70% as of June 30, 2013 to 0.74% as of June 30, 2014, resulting in a negative change of 5.36%. This indicates that the balance sheet and financial strength for Grand Yield Direct has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Grand Yield Direct has decreased its total deposits by -$466.19 million, resulting in -4.28% 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 Grand Yield Direct has shown is below average.

Capitalization

GRADE:
C

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. Grand Yield Direct has $11.58 billion in assets with $987.08 million in equity, resulting in a capitalization level of 8.52%, which is average.

Institution Statistics

Overall
FDIC Certificate #16068
Year Established1863
Employees797
Primary RegulatorFDIC
Assets and Liabilities
Assets$11.58 billion
Loans$9.03 billion
Deposits$10.43 billion
Equity Capital$968.22 million
Loan Loss Allowance$18.86 million
Unbacked Noncurrent Loans$7.26 million
Real Estate Owned$0
Historic Data - June 2013
Assets$11.99 billion
Equity Capital$921.02 million
Loan Loss Allowance$13.31 million
Unbacked Noncurrent Loans$7.26 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.53%
Return on Equity6.47%
Interest Income$115.28 million
Rates
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Grand Yield Direct CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-3 Year Great CD
1.05%$1k-18 Month Great CD
0.75%$1k-1 Year Great CD
Locations

Grand Yield Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 1395 Northern Boulevard - Manhasset, NY 11030