Dedicated to Deposits: Deals, Data, and Discussion
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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Grand Yield Direct had $8.98 million in non-current loans and owned real-estate with $950.88 million in equity and loan loss allowances on hand to cover it. This gives Grand Yield Direct a Texas Ratio of 0.94% 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 0.86% as of December 31, 2012 to 0.94% as of December 31, 2013, resulting in a negative change of 9.96%. This indicates that the balance sheet and financial strength for Grand Yield Direct has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Grand Yield Direct has increased its total deposits by $2.16 billion, resulting in 25.67% 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 excellent.

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 $11.65 billion in assets with $950.88 million in equity, resulting in a capitalization level of 8.16%, which is average.

Institution Statistics

Overall
FDIC Certificate #16068
Year Established1863
Employees832
Primary RegulatorFDIC
Assets and Liabilities
Assets$11.65 billion
Loans$8.18 billion
Deposits$10.55 billion
Equity Capital$932.82 million
Loan Loss Allowance$18.07 million
Unbacked Noncurrent Loans$8.99 million
Real Estate Owned$0
Historic Data - December 2012
Assets$9.78 billion
Equity Capital$774.27 million
Loan Loss Allowance$12.50 million
Unbacked Noncurrent Loans$8.99 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.59%
Return on Assets0.37%
Return on Equity4.59%
Interest Income$217.04 million
Rates

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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