Durand State Bank

Headquarters

1005 Cameron Drive
Durand, IL 61024
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.20% →
1-Year CD 0.40% 1.10% →
2-Year CD 0.55% 1.15% →
5-Year CD 1.26% 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

Durand State Bank is an FDIC insured institution located in Durand, IL. It was founded in 1957 and has approximately $0.11 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17713
Date Established 1957
Assets $ 106.30 million
Loans $ 57.48 million
Deposits $ 94.47 million
Capital $ 11.44 million
 

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 - August 6, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.16% $10,000 $14,999 Learn More
60 Mo CD
1.26% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 6, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
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 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
0.26% 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, Durand State Bank had $0 in non-current loans and $32,000 in owned real estate. To cover these potential losses it had $11,442,000 in equity and $738,000 in loans loss reserves. That gives it a Texas Ratio of 0.26%.

Return on Equity
Durand State Bank U.S. Bank Average
5.84% 7.80%

Durand State Bank has a Return on Equity of 5.84% 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
Durand State Bank U.S. Bank Average
10.76% 12.68%

Durand State Bank has a Capitalization of 10.76% 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.

Durand State Bank Balance Sheet Analysis

As of March 31, 2020, Durand State Bank had assets of $106,300,000, loans of $57,484,000, and deposits of $94,467,000. 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 $ 16.72 million
Interest-bearing balances $ 7.10 million
Total securities $ 27.89 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 57.48 million
Loan loss allowance $ 0.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 2.96 million
     Total Assets $ 94.86 million
LIABILITIES
Total deposits $ 94.47 million
      Interest-bearing deposits $ 81.15 million
      Deposits held in domestic offices $ 94.47 million
      % insured (estimated) 78.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.39 million
      Total Liabilities $ 94.86 million
      Shareholders’ Equity $ 11.44 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.94 million
Total Interest Expense $ 0.18 million
Net interest income $ 0.76 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.09 million
Total non interest expense $ 0.64 million
Pre-tax Net Operating Income $ 0.20 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Durand State Bank has a significantly higher percent of Small Business Loans, 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 24.06
Multifamily
Mortgages
3.74
Credit Card Loans 0.00
Consumer Auto Loans 2.71
Small Business Loans 10.12
Construction and Development Loans 0.00
Commercial Real Estate 18.88
Commercial and Industrial Loans 9.57
Farm Loans 20.40

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?

Customer Reviews for Durand State Bank

There are currently no comments for Durand State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →