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Overview / Commentary
918-587-4003
501 Nw Grand Boulevard
Oklahoma City, OK 73118

MidFirst Direct is headquartered in Oklahoma City and is the 2nd largest bank in the state of Oklahoma. It is also the 111st largest bank in the nation. It was established in 1911 and as of December of 2013, it had grown to 2,433 employees at 81 locations. MidFirst Direct's CD rates are 11% higher than the national average, and it has a B+ health rating.

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Top Long-Term CD Rates for 11 States at MidFirst Direct - 9/16/2013

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Reviews (1)

Opening An Account

the online application was quick and easy. Just need driver license number and bank account to fund the CD. Waiting for trial deposits. The rate locks in with application.I will let you know if any problems arise.



Health

Data for Q4 2013

Institution Health

B+

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 MidFirst Direct had $108.86 million in non-current loans and owned real-estate with $1.22 billion in equity and loan loss allowances on hand to cover it. This gives MidFirst Direct a Texas Ratio of 8.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for MidFirst Direct decreased dramatically from 43.35% as of December 31, 2012 to 8.93% as of December 31, 2013, resulting in a positive change of 79.40%.This indicates that the balance sheet and financial strength for MidFirst Direct has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, MidFirst Direct has decreased its total deposits by -$67.75 million, resulting in -1.19% 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 MidFirst Direct has shown is average.

Capitalization

GRADE:
A+

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. MidFirst Direct has $9.6 billion in assets with $1.22 billion in equity, resulting in a capitalization level of 12.70%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4063
Year Established1911
Employees2433
Primary RegulatorOCC
Assets and Liabilities
Assets$9.60 billion
Loans$7.68 billion
Deposits$5.61 billion
Equity Capital$1.13 billion
Loan Loss Allowance$84.33 million
Unbacked Noncurrent Loans$52.65 million
Real Estate Owned$56.21 million
Historic Data - December 2012
Assets$9.86 billion
Equity Capital$1.15 billion
Loan Loss Allowance$90.73 million
Unbacked Noncurrent Loans$52.65 million
Real Estate Owned$68.65 million
Profit Margin - Quarterly
Net Interest Margin3.95%
Return on Assets2.04%
Return on Equity17%
Interest Income$441.54 million
Rates
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Always verify rates and promotions with the bank or credit union. We are not MidFirst Direct, we are a rate comparison website and can not provide official rates or promotions.

MidFirst Direct Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$50k-High Yield Online Money Market Rates

MidFirst Direct Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-High Yield Online Checking

MidFirst Direct CD Rates

DetailsAPYMINMAXPRODUCT
2.75%$1k-84 Month High Yield Online CD
2.15%$1k-60 Month High Yield Online CD
1.75%$1k-48 Month High Yield Online CD
1.30%$1k-36 Month High Yield Online CD
1.10%$1k-24 Month High Yield Online CD
1.00%$1k-12 Month High Yield Online CD
0.95%$1k-18 Month High Yield Online CD
0.65%$1k-6 Month High Yield Online CD
0.30%$1k-3 Month High Yield Online CD
Locations

MidFirst Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 501 Nw Grand Boulevard - Oklahoma City, OK 73118