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773-465-2500
6445 North Western Avenue
Chicago, IL 60645

Devon Bank is headquartered in Chicago and is the 177th largest bank in the state of Illinois. It is also the 2,691st largest bank in the nation. It was established in 1945 and as of December of 2013, it had grown to 85 employees at 8 locations. Devon Bank has a C+ health rating.

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Reviews (1)

Poor All Around

To sum Devon up in one word - POOR



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C-

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 Devon Bank had $11.73 million in non-current loans and owned real-estate with $22.69 million in equity and loan loss allowances on hand to cover it. This gives Devon Bank a Texas Ratio of 51.71% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Devon Bank decreased slightly from 66.70% as of December 31, 2012 to 51.71% as of December 31, 2013, resulting in a positive change of 22.46%.This indicates that the balance sheet and financial strength for Devon Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Devon Bank has decreased its total deposits by -$2.47 million, resulting in -1.13% 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 Devon Bank has shown is average.

Capitalization

GRADE:
B

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. Devon Bank has $235.22 million in assets with $22.69 million in equity, resulting in a capitalization level of 9.65%, which is above average.

Institution Statistics

Overall
FDIC Certificate #16249
Year Established1945
Employees85
Primary RegulatorFDIC
Assets and Liabilities
Assets$235.22 million
Loans$143.56 million
Deposits$215.02 million
Equity Capital$18.25 million
Loan Loss Allowance$4.44 million
Unbacked Noncurrent Loans$7.64 million
Real Estate Owned$4.10 million
Historic Data - December 2012
Assets$239.89 million
Equity Capital$18.22 million
Loan Loss Allowance$5.61 million
Unbacked Noncurrent Loans$7.64 million
Real Estate Owned$2.83 million
Profit Margin - Quarterly
Net Interest Margin3.66%
Return on Assets0.23%
Return on Equity3.04%
Interest Income$8.45 million
Rates

Sorry, we do not have rate data for Devon Bank

Locations


Devon Bank Locations
Hallmark Branch2960 N. Lakeshore Dr.Chicago, IL 60657
Sheridan Road Branch3121 North Sheridan RoadChicago, IL 60657
Glenview Place - Seasons4501 Concord LaneNorthbrook, IL 60062
Wheeling Branch561 North Milwaukee AvenueWheeling, IL 60090
Devon Bank6445 North Western AvenueChicago, IL 60645
The Heritage Branch800s River RoadDes Plaines, IL 60016
Golf Mill Branch8975 Golf RoadNiles, IL 60714
Glenview Branch950 Milwaukee AvenueGlenview, IL 60025