Devon Bank

Headquarters

6445 North Western Avenue
Chicago, IL 60645
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.20% →
1-Year CD 0.45% 1.10% →
2-Year CD 0.75% 1.15% →
5-Year CD 1.30% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Devon Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1945 and has approximately $0.32 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 16249
Date Established 1945
Assets $ 317.70 million
Loans $ 212.49 million
Deposits $ 265.37 million
Capital $ 27.48 million
 

For a more detailed analysis of Devon Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 $4,999 Learn More
Money Market
0.20% $1 $24,999 Learn More
Money Market
0.25% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $5,000 - Learn More
6 Mo CD
0.20% $2,500 - Learn More
12 Mo CD
0.45% $2,500 - Learn More
24 Mo CD
0.75% $2,500 - Learn More
36 Mo CD
0.85% $2,500 - Learn More
48 Mo CD
1.05% $2,500 - Learn More
60 Mo CD
1.30% $2,500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $4,999 Learn MoreShow Less

Loan Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Devon Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.930% 2.875% 0.75 $1,762 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Devon Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Devon Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Devon Bank Locations


Financial Details

Devon Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Devon Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Devon Bank U.S. Bank Average
8.05% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Devon Bank had $2,266,000 in non-current loans and $224,000 in owned real estate. To cover these potential losses it had $27,478,000 in equity and $3,459,000 in loans loss reserves. That gives it a Texas Ratio of 8.05%.

Return on Equity
Devon Bank U.S. Bank Average
5.47% 7.80%

Devon Bank has a Return on Equity of 5.47% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Devon Bank U.S. Bank Average
8.65% 12.68%

Devon Bank has a Capitalization of 8.65% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Devon Bank Balance Sheet Analysis

As of March 31, 2020, Devon Bank had assets of $317,695,000, loans of $212,487,000, and deposits of $265,371,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 19.58 million
Interest-bearing balances $ 15.66 million
Total securities $ 57.31 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 212.49 million
Loan loss allowance $ 3.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.22 million
Goodwill and other intangibles $ 1.83 million
All other assets $ 18.43 million
     Total Assets $ 290.22 million
LIABILITIES
Total deposits $ 265.37 million
      Interest-bearing deposits $ 152.91 million
      Deposits held in domestic offices $ 265.37 million
      % insured (estimated) 73.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.76 million
Subordinated debt N.A.
All other liabilities $ 1.09 million
      Total Liabilities $ 290.22 million
      Shareholders’ Equity $ 27.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.95 million
Total Interest Expense $ 0.38 million
Net interest income $ 2.57 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.83 million
Total non interest expense $ 4.06 million
Pre-tax Net Operating Income $ 0.33 million

Bank Loan Profile?

The top three loan types in Devon Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Devon Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.43
Multifamily
Mortgages
6.86
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 4.79
Commercial Real Estate 42.97
Commercial and Industrial Loans 17.87
Farm Loans 0.00

Frequently Asked Questions About Devon Bank

Branches and Savings

Is Devon Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16249.

Why does Devon Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Devon Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Devon Bank a commercial bank?

Yes

Where are Devon Bank locations?

See branch locations nearby.

Is Devon Bank open on Saturdays?

Is Devon Bank open on Sundays?

What time does Devon Bank open?

What time does Devon Bank close?

Are Devon Bank ATMs Open 24/7?

Do Devon Bank ATMs accept cash deposits?

Can Devon Bank customers use other ATMs?

Do Devon Bank branches have notaries?

Will Devon Bank notarize my document?

What address for Devon Bank should I put for incoming ACH transfers?

Will the Devon Bank branch print checks?

Do Devon Bank checks expire?

Does Devon Bank require US citizenship to open account?

Can Devon Bank close my account?

Does Devon Bank Report to credit bureaus?

Does Devon Bank Use Equifax?

What is Devon Bank's ACH Routing Number?

What is Devon Bank's SWIFT code?

Products

Does Devon Bank offer mortgages?

Compare mortgage rates here.

Does Devon Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Devon Bank offer personal loans?

Compare personal loan rates here.

Does Devon Bank offer student loans?

Will Devon Bank cash a check?

Will Devon Bank redeem a savings bond?

Does Devon Bank cash savings bonds?

Will Devon Bank cash money orders?

Can Devon Bank issue a money order?

Does Devon Bank do currency exchange?

Background on The Bank

Who owns Devon Bank?

How long has Devon Bank been around?

Can Devon Bank transfer to other banks?

Does Devon Bank have quick pay?

Does Devon Bank accept rolled coins?

Will Devon Bank accept loose change?

Where is Devon Bank headquarters?

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