2 star ratingAverage User Rating:
2 star rating based on 1 review.

Resource Bank (A Nat'l Bank)

Resource Bank (A Nat'l Bank) Locations
555 Bethany Road
DeKalb, IL 60115
(800) 845-4122
www.resourcebank.com

FDIC

Resource Bank (A Nat'l Bank) is headquartered in Dekalb and is the 117st largest bank in the state of Illinois. It is also the 1,788th largest bank in the nation. It was established in 1901 and as of December of 2012, it had grown to 126 employees at 9 locations. Resource Bank (A Nat'l Bank) has a 4-star health rating.

Related Posts

Resource Bank (IL) Dropped Their RCA (Extreme Green) Rate From (4%, $25K) To (3.09%, $25K)... (Forum) - 12/3/2011

Another 4% club member disappeared... A total of seven 4% club member left...

Resource Bank (A National Bank) Extreme Green 4.09%APY (Forum) - 11/2/2011

In the rate tables the bank is listed as "Resource Bank (A Nat'l Bank)", however the Extreme Green RCA can only be opened in person with appropriate ID.   It is an excellent deal ($25K cap, 12 debit card transactions, bill pay/direct

High-Yield Reward Checking Account at Resource Bank in Illinois - Local Only - 1/20/2011

We've been listing Resource Bank in our reward checking tables for the last year, but I have never done a review of this account. With a top rate, I thought it was worthwhile to it point out. Its rewa ...



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

ApyMinMaxProduct
2.09%-$25kExtreme Green Checking

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


Resource Bank, National Association
FDIC Certificate #3701
BankRate ReportView
Year Established1901
Employees126
Primary RegulatorOCC

Assets and Liabilities

Assets$367.88 million
Loans$212.54 million
Deposits$315.58 million
Equity Capital$35.93 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$11.06 million
Real Estate Owned$330,000

Historic Data - December 2011

Assets$344.89 million
Equity Capital$35.03 million
Loan Loss Allowance$3.12 million
Unbacked Noncurrent Loans$8.36 million
Real Estate Owned$471,000

Profit Margin - Quarterly

Net Interest Margin3.54%
Return on Assets0.58%
Return on Equity5.59%
Interest Income$14.33 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2012 Resource Bank (A Nat'l Bank) had $11.39 million in non-current loans and owned real-estate with $38.84 million in equity and loan loss allowances on hand to cover it. This gives Resource Bank (A Nat'l Bank) a Texas Ratio of 29.32% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Resource Bank (A Nat'l Bank) increased slightly from 21.55% as of December 31, 2011 to 29.32% as of December 31, 2012, resulting in a negative change of 36.04%. This indicates that the balance sheet and financial strength for Resource Bank (A Nat'l Bank) has declined slightly in recent periods.
Deposit Growth5
In the past year, Resource Bank (A Nat'l Bank) has increased its total deposits by $21.87 million, resulting in 7.45% 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.
Capitalization4
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 $367.88 million in assets with $38.84 million in equity, resulting in a capitalization level of 10.56%, which is above average.
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Rate Drop Dismay
2 stars - DanielBeasley - Wednesday, December 14, 2011 - 4:05 PM

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.

2
 
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