Durand State Bank

1005 Cameron Drive
Durand, IL 61024

Notable Rates APY Vs.Others
Savings 0.15% 2.25% →
1-Year CD 0.40% 2.25% →
2-Year CD 0.55% 2.50% →
5-Year CD 1.26% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Durand State Bank is an FDIC insured institution located in Durand, IL. It was founded in 1957 and has approximately $0.1 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17713
Date Established 1957
Assets $0.10 billion
Loans $0.07 billion
Deposits $0.09 billion
Capital $0.01 billion
 

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

Deposit Rates - December 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $1,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.25% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 $24,999 Learn MoreShow Less
3 Mo CD
0.25% $75,000 - Learn MoreShow Less
6 Mo CD
0.15% $500 $24,999 Learn MoreShow Less
6 Mo CD
0.25% $75,000 - Learn MoreShow Less
12 Mo CD
0.30% $500 $24,999 Learn MoreShow Less
12 Mo CD
0.40% $75,000 - Learn MoreShow Less
18 Mo CD
0.30% $500 $24,999 Learn MoreShow Less
18 Mo CD
0.40% $75,000 - Learn MoreShow Less
24 Mo CD
0.45% $500 $24,999 Learn MoreShow Less
24 Mo CD
0.55% $75,000 - Learn MoreShow Less
30 Mo CD
0.45% $500 $24,999 Learn MoreShow Less
36 Mo CD
0.70% $500 $24,999 Learn MoreShow Less
36 Mo CD
0.75% $75,000 - Learn MoreShow Less
48 Mo CD
0.70% $500 $24,999 Learn MoreShow Less
48 Mo CD
0.75% $75,000 - Learn MoreShow Less
60 Mo CD
1.16% $500 $24,999 Learn MoreShow Less
60 Mo CD
1.26% $75,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $5 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $100 - Learn MoreShow Less

Loan Rates - December 14, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Durand State Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

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

Branches

Durand State 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:
Fairfield,Connecticut


Durand State Bank Locations


Financial Details

Durand State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Durand State 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
Durand State Bank U.S. Bank Average
1.26% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Durand State Bank had $103,000 in non-current loans and $54,000 in owned real estate. To cover these potential losses it had $11,786,000 in equity and $709,000 in loans loss reserves. That gives it a Texas Ratio of 1.26%.

Return on Equity
Durand State Bank U.S. Bank Average
8.12% 9.50%

Durand State Bank has a Return on Equity of 8.12% versus the BestCashCow average of 9.50%. 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
Durand State Bank U.S. Bank Average
11.38% 12.76%

Durand State Bank has a Capitalization of 11.38% versus the BestCashCow average of 12.76. 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.

Durand State Bank Balance Sheet Analysis

As of June 30, 2019, Durand State Bank had assets of $103,561,000, loans of $65,161,000, and deposits of $91,295,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 79.13%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Illinois, Durand State 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.92
Multifamily
Mortgages
3.39
Credit Card Loans 0.00
Consumer Auto Loans 2.85
Small Business Loans 9.39
Construction and Development Loans 0.14
Commercial Real Estate 19.96
Commercial and Industrial Loans 11.37
Farm Loans 19.36

Frequently Asked Questions About Durand State Bank

Branches and Savings

Is Durand State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17713.

Why does Durand State Bank pay such low interest on savings accounts?

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

Why are Durand State Bank CD rates not competitive?

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

Is Durand State Bank a commercial bank?

Yes

Where are Durand State Bank locations?

See branch locations nearby.

Is Durand State Bank open on Saturdays?

Is Durand State Bank open on Sundays?

What time does Durand State Bank open?

What time does Durand State Bank close?

Are Durand State Bank ATMs Open 24/7?

Do Durand State Bank ATMs accept cash deposits?

Can Durand State Bank customers use other ATMs?

Do Durand State Bank branches have notaries?

Will Durand State Bank notarize my document?

What address for Durand State Bank should I put for incoming ACH transfers?

Will the Durand State Bank branch print checks?

Do Durand State Bank checks expire?

Does Durand State Bank require US citizenship to open account?

Can Durand State Bank close my account?

Does Durand State Bank Report to credit bureaus?

Does Durand State Bank Use Equifax?

What is Durand State Bank's ACH Routing Number?

What is Durand State Bank's SWIFT code?

Products

Does Durand State Bank offer mortgages?

Compare mortgage rates here.

Does Durand State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Durand State Bank offer personal loans?

Compare personal loan rates here.

Does Durand State Bank offer student loans?

Will Durand State Bank cash a check?

Will Durand State Bank redeem a savings bond?

Does Durand State Bank cash savings bonds?

Will Durand State Bank cash money orders?

Can Durand State Bank issue a money order?

Does Durand State Bank do currency exchange?

Background on The Bank

Who owns Durand State Bank?

How long has Durand State Bank been around?

Can Durand State Bank transfer to other banks?

Does Durand State Bank have quick pay?

Does Durand State Bank accept rolled coins?

Will Durand State Bank accept loose change?

Where is Durand State Bank headquarters?

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