Resource Bank (A Nat'l Bank) is headquartered in Dekalb and is the 68th largest bank in the state of Illinois. It is also the 1,242nd largest bank in the nation. It was established in 1901 and as of June of 2022, it had grown to 150 employees at 13 locations. Resource Bank (A Nat'l Bank) has a B+ health rating.
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.
When I called the bank yesterday they said you have to go there in person to open the account.
Overall | |
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FDIC Certificate # | 3701 |
Year Established | 1901 |
Employees | 150 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.96% |
Return on Equity - YTD | 15.75% |
Annual Interest Income | $10.7MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $755.6MM$695.4MM |
Loans | Q2 2022vs Q2 2021 | $370.3MM$345.4MM |
Deposits | Q2 2022vs Q2 2021 | $717.3MM$635.0MM |
Equity Capital | Q2 2022vs Q2 2021 | $36.3MM$58.4MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.5MM$4.2MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.3MM$5.0MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $411.00K$563.00K |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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1.30% | - | $25k | Extreme Green Checking |