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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 113st largest bank in the nation. It was established in 1911 and as of March of 2014, it had grown to 2,435 employees at 81 locations. MidFirst Direct's CD rates are 11% higher than the national average, and it has a A health rating.

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Top 7-Year CD Rate for 11 States at MidFirst Direct - 10/29/2013

Last month I reported on very competitive 3-, 4- and 5-year CD rates at MidFirst Direct , the internet division of MidFirst Bank . I learned last Saturday that MidFirst Direct is now offering 7-year C ...

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

Last year I first learned about MidFirst Direct , the internet division of MidFirst Bank . At that time last year, it was offering some very competitive CD rates. Those didn’t last long. The rates fel ...

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.


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 MidFirst Direct had $101.47 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 8.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for MidFirst Direct decreased dramatically from 42.34% as of March 31, 2013 to 8.34% as of March 31, 2014, resulting in a positive change of 80.30%.This indicates that the balance sheet and financial strength for MidFirst Direct has improved dramatically in recent periods.

Deposit Growth


In the past year, MidFirst Direct has decreased its total deposits by -$12.72 million, resulting in -0.22% 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.



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 $9.46 billion in assets with $1.22 billion in equity, resulting in a capitalization level of 12.86%, which is excellent.

Institution Statistics

FDIC Certificate #4063
Year Established1911
Primary RegulatorOCC
Assets and Liabilities
Assets$9.46 billion
Loans$7.71 billion
Deposits$5.74 billion
Equity Capital$1.13 billion
Loan Loss Allowance$81.39 million
Unbacked Noncurrent Loans$47.64 million
Real Estate Owned$53.83 million
Historic Data - March 2013
Assets$10.41 billion
Equity Capital$1.18 billion
Loan Loss Allowance$89.66 million
Unbacked Noncurrent Loans$47.64 million
Real Estate Owned$67.42 million
Profit Margin - Quarterly
Net Interest Margin3.99%
Return on Assets2.52%
Return on Equity21.14%
Interest Income$104.31 million
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MidFirst Direct Money Market Rates

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

MidFirst Direct Checking Account Rates

0.20%$25k-High Yield Online Checking

MidFirst Direct CD Rates

3.00%$1k-120 Months CD
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

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