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6445 North Western Avenue
Chicago, IL 60645

Devon Bank is headquartered in Chicago and is the 182nd largest bank in the state of Illinois. It is also the 2,678th largest bank in the nation. It was established in 1945 and as of March of 2014, it had grown to 80 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


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 Devon Bank had $13.32 million in non-current loans and owned real-estate with $22.78 million in equity and loan loss allowances on hand to cover it. This gives Devon Bank a Texas Ratio of 58.45% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Devon Bank decreased slightly from 71.38% as of March 31, 2013 to 58.45% as of March 31, 2014, resulting in a positive change of 18.11%.This indicates that the balance sheet and financial strength for Devon Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Devon Bank has decreased its total deposits by -$1.17 million, resulting in -0.54% 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.



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 $236.79 million in assets with $22.78 million in equity, resulting in a capitalization level of 9.62%, which is above average.

Institution Statistics

FDIC Certificate #16249
Year Established1945
Primary RegulatorFDIC
Assets and Liabilities
Assets$236.79 million
Loans$152.59 million
Deposits$215.46 million
Equity Capital$18.42 million
Loan Loss Allowance$4.37 million
Unbacked Noncurrent Loans$9.17 million
Real Estate Owned$4.15 million
Historic Data - March 2013
Assets$238.30 million
Equity Capital$18.29 million
Loan Loss Allowance$6.02 million
Unbacked Noncurrent Loans$9.17 million
Real Estate Owned$2.47 million
Profit Margin - Quarterly
Net Interest Margin3.79%
Return on Assets0.23%
Return on Equity2.9%
Interest Income$2.13 million

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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