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Overview / Commentary
800-845-4122
555 Bethany Road
DeKalb, IL 60115

Resource Bank (A Nat'l Bank) is headquartered in Dekalb and is the 112st largest bank in the state of Illinois. It is also the 1,739th largest bank in the nation. It was established in 1901 and as of December of 2013, it had grown to 128 employees at 9 locations. Resource Bank (A Nat'l Bank) has a B+ health rating.

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Reviews (2)

Rate Drop Dismay

Just a few months back, I drove twelve hours round-trip from Minneapolis to northern Illinois to move my entire banking business to Resource Bank.  I was literally banking on the un-matched stability of Resource's 4% interest incentive on "Extreme Green" checking accounts.  All I can say now is that I'm extremely disappointed with this recent rate drop to 3%.  I will likely be moving my banking business back to Minnesota as a result.

Not National

When I called the bank yesterday they said you have to go there in person to open the account.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 Resource Bank (A Nat'l Bank) had $8.17 million in non-current loans and owned real-estate with $38.21 million in equity and loan loss allowances on hand to cover it. This gives Resource Bank (A Nat'l Bank) a Texas Ratio of 21.37% which is above 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 Resource Bank (A Nat'l Bank) decreased slightly from 29.11% as of December 31, 2012 to 21.37% as of December 31, 2013, resulting in a positive change of 26.58%.This indicates that the balance sheet and financial strength for Resource Bank (A Nat'l Bank) has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Resource Bank (A Nat'l Bank) has increased its total deposits by $9.71 million, resulting in 3.08% 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 Resource Bank (A Nat'l Bank) has shown is excellent.

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. Resource Bank (A Nat'l Bank) has $377.04 million in assets with $38.21 million in equity, resulting in a capitalization level of 10.13%, which is above average.

Institution Statistics

Overall
FDIC Certificate #3701
Year Established1901
Employees128
Primary RegulatorOCC
Assets and Liabilities
Assets$377.04 million
Loans$208.16 million
Deposits$325.29 million
Equity Capital$35.37 million
Loan Loss Allowance$2.85 million
Unbacked Noncurrent Loans$7.88 million
Real Estate Owned$285,000
Historic Data - December 2012
Assets$367.88 million
Equity Capital$35.93 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$7.88 million
Real Estate Owned$330,000
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.78%
Return on Equity8.23%
Interest Income$14.37 million
Rates
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Always verify rates and promotions with the bank or credit union. We are not Resource Bank (A Nat'l Bank), we are a rate comparison website and can not provide official rates or promotions.

Resource Bank (A Nat'l Bank) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.59%-$25kExtreme Green Checking
0.05%--Extreme Green Checking
Locations


Resource Bank (A Nat'l Bank) Locations
Cortland Branch2007 Somonauk RoadCortland, IL 60112
Malta Branch201 State Route 38Malta, IL 60150
Hinckley Branch280 East Lincoln HighwayHinckley, IL 60520
Shabbona Branch308 East Comanche AvenueShabbona, IL 60550
Genoa Branch310 Highway 23Genoa, IL 60135
Sycamore Branch403 East State StreetSycamore, IL 60178
Resource Bank, National Association555 Bethany RoadDekalb, IL 60115
Resource Bank, National Assoication Branch605 East Market StreetSomonauk, IL 60552
Annie Glidden Branch775 S. Annie Glidden RoadDekalb, IL 60115