Devon Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Devon Bank in Chicago, Illinois (IL)
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Devon Bank - Overview

  • General
  • FDIC Certificate #: 16249
    Status: Active
    Federal Reserve ID: 347639
    Bank Holding Company (Regulatory Top Holder): Devon Bancorp, Inc. (RSSDID: 1131602, Location: Chicago, IL)
    Date Established: September 15, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    FDIC's unique #: 10443
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 15, 1945
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6445 North Western Avenue, Chicago, IL 60645
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $265.9 mil
    Equity capital: $19.1 mil
    Deposits held in domestic offices: $242.2 mil
    Return on assets (ROA): -2.61% (-$6.9 mil)
    Quarterly return on assets: -1.07% (-$2.8 mil)
    Return on Equity (ROE): -33.06% (-$6.3 mil)
    Quarterly return on equity: -14.65% (-$2.8 mil)
    Net income: -$7.2 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -2.08% (-$5,531.7 mil)
    Quarterly Pretax return on assets: -1.07% (-$2,845.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 98Total employees (full-time equivalent)
  • $265,947Total assets
  • $35,200Cash and due from depository institutions
  • $29,666Interest-bearing balances
  • $46,597Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $157,115Net loans & leases
  • $8,399Loan loss allowance
  • $0Trading account assets
  • $5,656Bank premises and fixed assets
  • $2,771Other real estate owned
  • $629Goodwill and other intangibles
  • $265,947Life insurance assets
  • $12,979All other assets
  • $246,835Total liabilities and capital
  • $242,243Total liabilities
  • $180,852Total deposits
  • $242,243Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,250Trading liabilities
  • $0Other borrowed funds
  • $1,342Subordinated debt
  • $19,112All other liabilities
  • $19,112Total equity capital
  • $19,112Total bank equity capital
  • $17Perpetual preferred stock
  • $1,800Common stock
  • $10,348Surplus
  • $6,947Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,861Income earned, not collected on loans
  • $0Earning assets
  • $1,103Long-term assets (5+ years)
  • $238,378Average Assets, year-to-date
  • $59,125Average Assets, quarterly
  • $274,849Volatile liabilities
  • $267,532Insider loans
  • $177,165FHLB advances
  • $267,769Loans and leases held for sale
  • $8,201Unused loan commitments
  • $8,201Tier 1 (core) risk-based capital
  • $17,084Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,754Restructured Loans and leases
  • $75Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,889Total interest income
  • $1,444Total interest expense
  • $9,445Net interest income
  • $5,692Provision for loan and lease losses
  • $4,500Total noninterest income
  • $1,314Fiduciary activities
  • $675Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,511Additional noninterest income
  • $14,448Total noninterest expense
  • $6,162Salaries and employee benefits
  • $2,227Premises and equipment expense
  • $6,059Additional noninterest expense
  • -$6,195Pre-tax net operating income
  • $466Securities gains (losses)
  • $1,457Applicable income taxes
  • -$7,186Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,186Net income attributable to bank
  • $0Net charge-offs
  • -$7,186Cash dividends
  • $4,305Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.87%Net interest margin
  • 1.84%Noninterest income to earning assets
  • 5.92%Noninterest expense to earning assets
  • -2.78%Net operating income to assets
  • -2.61%Return on assets (ROA)
  • -2.08%Pretax return on assets
  • -33.06%Return on equity (ROE)
  • -33.06%Retained earnings to average equity (YTD only)
  • 2.42%Net charge-offs to loans
  • 132.22%Credit loss provision to net charge-offs
  • -0.12%Efficiency ratio
  • 103,607Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.07%Loss allowance to noncurrent loans
  • 49.81%Noncurrent assets plus other real estate owned to assets
  • 7.38%Noncurrent loans to loans
  • 10.19%Net loans and leases to deposits
  • 64.86%Net loans and leases to core deposits
  • 65.60%Equity capital to assets
  • 7.19%Core capital (leverage) ratio
  • 6.38%Tier 1 risk-based capital ratio
  • 9.64%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $274,849Average earning assets
  • $21,733Average equity
  • $243,949Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $79,440Managed Assets
  • 1Number of Accounts
  • $72,030Personal trust and agency accounts
  • $55,131Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,188Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $14,711Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 274Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,410Other retirement accounts
  • $4,501Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,907Fiduciary accounts held in foreign offices

List of branches

  • 15 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010443Devon Bank6445 North Western Avenue, Chicago, IL 60645September 15, 1945Full Service Brick and Mortar
    2267659Glenview Branch950 Milwaukee Avenue, Glenview, IL 60025January 01, 1926Full Service Brick and Mortar
    314362Deerfield/Northbrook Branch70 South Waukegan Road, Deerfield, IL 60015September 18, 1972Full Service Brick and Mortar
    6237729Lake Cook Road Branch1551/1601 Lake Cook Road, Deerfield, IL 60015July 10, 1997Limited Service Mobile
    7237730Sheridan Road Branch3121 North Sheridan Road, Chicago, IL 60657April 23, 1998Limited Service Mobile
    8237731Golf Mill Branch8975 Golf Road, Niles, IL 60714December 30, 1999Limited Service Mobile
    12357126Glenview Place - Seasons4501 Concord Lane, Northbrook, IL 60062March 15, 2000Limited Service Mobile
    13442377The Heritage Branch800s River Road, Des Plaines, IL 60016September 13, 2004Limited Service Mobile
    14442378Hawthorn Lakes Branch10 E Hawthorn Parkway, Vernon Hills, IL 60061November 01, 2004Limited Service Mobile
    15442379Sedgebrook Branch800 Audobon Way, Lincolnshire, IL 60069June 08, 2005Limited Service Mobile
    16454530Naperville Branch2255 Erickson Boulevard, Naperville, IL 60563August 01, 2006Limited Service Mobile
    17467589Hallmark Branch2960 N. Lakeshore Dr., Chicago, IL 60657April 20, 2007Limited Service Mobile
    18467590Devonshire Branch1700 Robin Ln, Lisle, IL 60532April 20, 2007Limited Service Mobile
    19467591Meadows Branch60 N. Nicoll Avenue, Glen Ellyn, IL 60137April 20, 2007Limited Service Mobile
    21490935Wheeling Branch561 North Milwaukee Avenue, Wheeling, IL 60090October 14, 2008Full Service Brick and Mortar

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