Dewey Bank


2994 County Road 900 East
Dewey, IL 61840
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Dewey Bank is an FDIC insured institution located in Dewey, IL. It was founded in 1902 and has approximately $0.03 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 10803
Date Established 1902
Assets $ 29.74 million
Loans $ 13.64 million
Deposits $ 26.69 million
Capital $ 2.99 million

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

Deposit Rates - July 26, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - July 26, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Dewey 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 2021

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Morty, Inc.
NMLS ID: 1429243
2.576% 2.490%
0.75 points
$2,832 fees
$987 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

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Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
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2.240 %
$0 Learn More
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BMO Harris Bank
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4.840 %
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Note to Dewey Bank
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Financial Details

Dewey Bank Ratio Analysis

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

Texas Ratio
Dewey Bank U.S. Bank Average
19.8% 5.29%

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, 2021, Dewey Bank had $127,000 in non-current loans and $479,000 in owned real estate. To cover these potential losses it had $2,994,000 in equity and $67,000 in loans loss reserves. That gives it a Texas Ratio of 19.8%.

Return on Equity
Dewey Bank U.S. Bank Average
6.7% 11.43%

Dewey Bank has a Return on Equity of 6.7% versus the BestCashCow average of 11.43%. 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.

Dewey Bank U.S. Bank Average
10.07% 11.51%

Dewey Bank has a Capitalization of 10.07% versus the BestCashCow average of 11.51. 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.

Dewey Bank Balance Sheet Analysis

As of March 31, 2021, Dewey Bank had assets of $29,738,000, loans of $13,635,000, and deposits of $26,687,000. 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, 2021
Cash & Balances due from depository institutions $ 8.15 million
Interest-bearing balances $ 7.85 million
Total securities $ 5.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.64 million
Loan loss allowance $ 0.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.48 million
Goodwill and other intangibles $ 0.86 million
All other assets $ 0.20 million
     Total Assets $ 26.74 million
Total deposits $ 26.69 million
      Interest-bearing deposits $ 19.16 million
      Deposits held in domestic offices $ 26.69 million
      % insured (estimated) 89.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.06 million
      Total Liabilities $ 26.74 million
      Shareholders’ Equity $ 2.99 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 0.26 million
Total Interest Expense $ 0.02 million
Net interest income $ 0.25 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.22 million
Pre-tax Net Operating Income $ 0.05 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Dewey Bank has a significantly higher percent of Farm Loans 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.64
Credit Card Loans 0.00
Consumer Auto Loans 3.11
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 10.33
Commercial and Industrial Loans 25.65
Farm Loans 19.23

Frequently Asked Questions About Dewey Bank

Branches and Savings

Is Dewey Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10803.

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

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

Why are Dewey Bank CD rates not competitive?

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

Is Dewey Bank a commercial bank?


Where are Dewey Bank locations?

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Is Dewey Bank open on Saturdays?

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Do Dewey Bank checks expire?

Does Dewey Bank require US citizenship to open account?

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Does Dewey Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Dewey Bank offer personal loans?

Compare personal loan rates here.

Does Dewey Bank offer student loans?

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Background on The Bank

Who owns Dewey Bank?

How long has Dewey Bank been around?

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Does Dewey Bank have quick pay?

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