Resource Bank (A Nat'l Bank) is headquartered in Dekalb and is the 80th largest bank in the state of Illinois. It is also the 1,388th largest bank in the nation. It was established in 1901 and as of December of 2019, it had grown to 160 employees at 13 locations. Resource Bank (A Nat'l Bank) has a B+ health rating.
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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.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3701 |
| Year Established | 1901 |
| Employees | 160 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 10.11% |
| Annual Interest Income | $20.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $528.4MM$473.3MM |
| Loans | Q4 2019vs Q4 2018 | $301.7MM$295.9MM |
| Deposits | Q4 2019vs Q4 2018 | $475.2MM$427.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $50.3MM$43.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $3.9MM$3.7MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $9.5MM$6.7MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $765.00K$765.00K |
