Devon Bank Mortgage Rates, Fees & Info
Chicago, IL
LEI: 549300UV5JQXLGVWIP44
Tax ID: 36-2030168
4.6 stars
-
out of 5 stars, based on 33 reviews
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Mortgage Data
Bank Data
Overview
Devon Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Devon Bank has a high proportion of conventional loans.
Their top markets include Chicago, Seattle, Minneapolis, Dallas, and Los Angeles among others. Devon Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Devon Bank is typically
an average fee
lendor.
Originations
1,086
Origination Dollar Volume (All Markets)
$381,390,000
Employee count
136
Awards
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Devon Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Devon Bank's average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
Devon Bank's average total fees for a 30 year fixed rate
mortgage are $5,060.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
256
|
$74,090,000 |
$289,414 |
$3,954 |
3.11% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)
|
73
|
$38,745,000 |
$530,753 |
$5,688 |
3.15% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
110
|
$38,110,000 |
$346,455 |
$4,811 |
3.05% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
96
|
$32,530,000 |
$338,854 |
$4,660 |
2.90% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)
|
54
|
$27,960,000 |
$517,778 |
$4,796 |
3.14% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)
|
44
|
$22,530,000 |
$512,045 |
$5,176 |
3.14% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
63
|
$17,405,000 |
$276,270 |
$3,924 |
3.06% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)
|
34
|
$14,220,000 |
$418,235 |
$4,811 |
3.19% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)
|
12
|
$7,730,000 |
$644,167 |
$3,893 |
3.45% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
17
|
$7,305,000 |
$429,706 |
$5,445 |
3.07% |
STOCKTON, CA (FHA|USDA|VA)
|
17
|
$6,835,000 |
$402,059 |
$5,136 |
3.24% |
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA)
|
32
|
$6,790,000 |
$212,188 |
$4,227 |
3.02% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)
|
13
|
$6,015,000 |
$462,692 |
$6,817 |
2.89% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
15
|
$5,775,000 |
$385,000 |
$3,645 |
3.30% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)
|
16
|
$5,660,000 |
$353,750 |
$3,560 |
3.06% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA)
|
19
|
$5,055,000 |
$266,053 |
$3,479 |
2.77% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
15
|
$3,845,000 |
$256,333 |
$3,203 |
3.03% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)
|
7
|
$3,405,000 |
$486,429 |
$4,665 |
2.88% |
SALT LAKE CITY, UT (FHA|USDA|VA)
|
6
|
$3,150,000 |
$525,000 |
$7,170 |
3.00% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
10
|
$3,140,000 |
$314,000 |
$4,034 |
3.20% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)
|
8
|
$2,950,000 |
$368,750 |
$3,744 |
3.22% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
8
|
$2,780,000 |
$347,500 |
$4,233 |
2.67% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
9
|
$2,355,000 |
$261,667 |
$2,964 |
3.01% |
RALEIGH-CARY, NC (FHA|USDA|VA)
|
7
|
$2,215,000 |
$316,429 |
$5,277 |
3.00% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)
|
4
|
$2,030,000 |
$507,500 |
$5,516 |
3.03% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)
|
9
|
$2,005,000 |
$222,778 |
$4,919 |
3.10% |
COLUMBUS, OH (FHA|USDA|VA)
|
6
|
$1,990,000 |
$331,667 |
$3,543 |
3.02% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
7
|
$1,885,000 |
$269,286 |
$3,750 |
2.66% |
MADISON, WI (FHA|USDA|VA)
|
6
|
$1,830,000 |
$305,000 |
$3,035 |
3.46% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA)
|
5
|
$1,655,000 |
$331,000 |
$5,859 |
3.18% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA)
|
7
|
$1,505,000 |
$215,000 |
$4,053 |
2.95% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)
|
5
|
$1,425,000 |
$285,000 |
$2,669 |
2.60% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
4
|
$1,360,000 |
$340,000 |
$5,028 |
2.69% |
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
4
|
$1,200,000 |
$300,000 |
$4,651 |
2.88% |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
3
|
$1,195,000 |
$398,333 |
$5,036 |
3.04% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
4
|
$1,080,000 |
$270,000 |
$2,820 |
3.00% |
BELLINGHAM, WA (FHA|USDA|VA)
|
3
|
$1,045,000 |
$348,333 |
$3,205 |
3.71% |
JACKSONVILLE, FL (FHA|USDA|VA)
|
4
|
$1,040,000 |
$260,000 |
$4,017 |
3.78% |
PITTSBURGH, PA (FHA|USDA|VA)
|
3
|
$975,000 |
$325,000 |
$4,626 |
3.79% |
BATON ROUGE, LA (FHA|USDA|VA)
|
3
|
$915,000 |
$305,000 |
$5,899 |
3.17% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)
|
2
|
$880,000 |
$440,000 |
$5,821 |
3.13% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)
|
3
|
$875,000 |
$291,667 |
$3,890 |
3.96% |
FRESNO, CA (FHA|USDA|VA)
|
3
|
$875,000 |
$291,667 |
$3,185 |
4.04% |
TUCSON, AZ (FHA|USDA|VA)
|
2
|
$650,000 |
$325,000 |
$2,695 |
4.88% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)
|
1
|
$625,000 |
$625,000 |
$7,835 |
3.13% |
ST. CLOUD, MN (FHA|USDA|VA)
|
2
|
$570,000 |
$285,000 |
$4,231 |
3.31% |
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
3
|
$565,000 |
$188,333 |
$3,045 |
3.67% |
ROCHESTER, MN (FHA|USDA|VA)
|
2
|
$560,000 |
$280,000 |
$4,510 |
3.38% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA)
|
2
|
$540,000 |
$270,000 |
$3,319 |
2.25% |
OKLAHOMA CITY, OK (FHA|USDA|VA)
|
3
|
$535,000 |
$178,333 |
$3,712 |
2.92% |
DAYTON-KETTERING, OH (FHA|USDA|VA)
|
2
|
$520,000 |
$260,000 |
$5,773 |
3.13% |
TULSA, OK (FHA|USDA|VA)
|
2
|
$520,000 |
$260,000 |
$7,540 |
2.25% |
SPRINGFIELD, IL (FHA|USDA|VA)
|
1
|
$515,000 |
$515,000 |
$13,824 |
3.13% |
COLORADO SPRINGS, CO (FHA|USDA|VA)
|
1
|
$505,000 |
$505,000 |
$3,517 |
2.50% |
JOPLIN, MO (FHA|USDA|VA)
|
2
|
$470,000 |
$235,000 |
$4,620 |
2.50% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)
|
2
|
$470,000 |
$235,000 |
$4,814 |
3.00% |
VALLEJO, CA (FHA|USDA|VA)
|
1
|
$425,000 |
$425,000 |
$12,411 |
4.63% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$4,255 |
2.38% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$5,738 |
3.38% |
PROVO-OREM, UT (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$3,775 |
3.13% |
MOBILE, AL (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$10,118 |
3.25% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$5,284 |
3.00% |
SALINAS, CA (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$3,682 |
2.88% |
BOWLING GREEN, KY (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$3,456 |
3.38% |
COLUMBIA, SC (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$4,435 |
3.13% |
PEORIA, IL (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$7,970 |
2.00% |
Whitewater, WI (FHA|USDA|VA)
|
1
|
$275,000 |
$275,000 |
$0 |
4.50% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$5,128 |
3.00% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$6,172 |
2.88% |
ALBANY, GA (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$3,350 |
3.38% |
SAVANNAH, GA (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$2,801 |
3.25% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$4,501 |
2.63% |
TOLEDO, OH (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,632 |
3.13% |
GRAND FORKS, ND-MN (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$2,051 |
2.25% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$4,955 |
3.25% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$3,165 |
3.25% |
Corsicana, TX (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$7,557 |
3.00% |
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$3,979 |
3.13% |
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$2,985 |
2.75% |
Ruston, LA (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$3,312 |
2.63% |
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$3,044 |
2.63% |
LANSING-EAST LANSING, MI (FHA|USDA|VA)
|
2
|
$180,000 |
$90,000 |
$0 |
4.19% |
Willmar, MN (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$3,499 |
3.25% |
OSHKOSH-NEENAH, WI (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$6,079 |
3.38% |
NILES, MI (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,475 |
3.30% |
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,788 |
2.25% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$3,209 |
2.50% |
FAYETTEVILLE, NC (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$0 |
3.63% |
Alma, MI (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$3,026 |
3.50% |
Devon Bank's top markets include Chicago, Seattle, Minneapolis, Dallas, and Los Angeles among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
1,086 |
$381,390,000 |
$351,188 |
$4,499 |
3.09% |
For the 2021 period, Devon Bank's most frequently
originated loan type
of loans were Conventional, with 1,086 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
618 |
$227,460,000 |
$368,058 |
$5,219 |
3.26% |
Refi |
462 |
$152,720,000 |
$330,563 |
$3,549 |
2.85% |
Cash Out Refi |
5 |
$1,115,000 |
$223,000 |
$2,807 |
3.10% |
Home Improvement |
1 |
$95,000 |
$95,000 |
$0 |
5.25% |
For the 2021, Devon Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 618
originations.
The 2nd most popular reason of loans were Refi,
with 462 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
722 |
$273,630,000 |
$378,989 |
$5,060 |
3.19% |
15 Year |
252 |
$71,860,000 |
$285,159 |
$3,404 |
2.79% |
20 Year |
51 |
$16,575,000 |
$325,000 |
$3,857 |
2.88% |
10 Year |
47 |
$11,665,000 |
$248,191 |
$2,928 |
2.99% |
Other |
8 |
$3,950,000 |
$493,750 |
$2,511 |
3.73% |
5 Year |
6 |
$3,710,000 |
$618,333 |
$0 |
4.34% |
For the 2021, Devon Bank's most frequently cited loan
length
of loans were 30 Year, with 722 originations.
The 2nd most popular length of loans were 15 Year,
with 252 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$1k-2k |
627 |
$219,845,000 |
$350,630 |
$<1k |
166 |
$48,470,000 |
$291,988 |
$2k-3k |
102 |
$42,580,000 |
$417,451 |
$3k-4k |
60 |
$27,930,000 |
$465,500 |
$5k+ |
14 |
$8,030,000 |
$573,571 |
$5,060 of loans were Devon Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 627 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
3-4% |
473 |
$178,255,000 |
$376,860 |
2.5-3% |
342 |
$126,440,000 |
$369,708 |
<2.5% |
207 |
$60,375,000 |
$291,667 |
4-5% |
35 |
$12,275,000 |
$350,714 |
6-7% |
15 |
$2,345,000 |
$156,333 |
5-6% |
14 |
$1,700,000 |
$121,429 |
During 2021, Devon Bank's average interest
rate of loans were 3.19%, while their
most frequently originated rate bucket of loans were 3-4%,
with 473 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
487 |
$141,895,000 |
$291,366 |
$4,187 |
2.99% |
$400k-600k |
275 |
$135,995,000 |
$494,527 |
$5,340 |
3.06% |
$100k-200k |
205 |
$32,235,000 |
$157,244 |
$3,202 |
3.15% |
$600k-1MM |
88 |
$63,610,000 |
$722,841 |
$6,634 |
3.08% |
$100,000 or less |
27 |
$2,015,000 |
$74,630 |
$1,849 |
4.37% |
$1MM+ |
4 |
$5,640,000 |
$1,410,000 |
$6,658 |
4.03% |
2021 saw Devon Bank place emphasis on
$200k-400k loans
with 487 originations, totaling
$141,895,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-150k |
335 |
$116,995,000 |
$349,239 |
$4,460 |
2.96% |
$150k-250k |
234 |
$97,110,000 |
$415,000 |
$4,558 |
3.17% |
$75k-100k |
175 |
$56,545,000 |
$323,114 |
$4,624 |
2.99% |
$50k-75k |
150 |
$39,810,000 |
$265,400 |
$4,385 |
3.07% |
$250k+ |
108 |
$49,730,000 |
$460,463 |
$4,648 |
3.27% |
$50k or less |
71 |
$12,705,000 |
$178,944 |
$4,255 |
3.15% |
Devon Bank lent most frequently to those with incomes in the
$100k-150k range, with
335 originations.
The second most popular income band? $150k-250k,
with 234 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
281 |
$94,005,000 |
$334,537 |
$4,162 |
2.99% |
30-36% |
212 |
$75,950,000 |
$358,255 |
$4,527 |
3.04% |
<20% |
84 |
$24,960,000 |
$297,143 |
$3,975 |
2.85% |
44% |
54 |
$17,960,000 |
$332,593 |
$4,412 |
3.15% |
43% |
45 |
$16,385,000 |
$364,111 |
$4,676 |
3.26% |
42% |
43 |
$15,925,000 |
$370,349 |
$4,630 |
3.18% |
36% |
40 |
$15,670,000 |
$391,750 |
$4,559 |
3.53% |
37% |
40 |
$15,450,000 |
$386,250 |
$5,340 |
2.95% |
40% |
37 |
$14,375,000 |
$388,514 |
$4,441 |
3.28% |
39% |
36 |
$11,260,000 |
$312,778 |
$4,805 |
3.10% |
38% |
34 |
$12,330,000 |
$362,647 |
$5,100 |
3.38% |
45% |
33 |
$12,485,000 |
$378,333 |
$4,809 |
3.07% |
46% |
28 |
$9,750,000 |
$348,214 |
$5,062 |
3.11% |
49% |
25 |
$8,655,000 |
$346,200 |
$4,637 |
3.03% |
41% |
25 |
$7,075,000 |
$283,000 |
$4,969 |
3.17% |
47% |
21 |
$7,455,000 |
$355,000 |
$5,139 |
2.93% |
48% |
20 |
$8,080,000 |
$404,000 |
$4,643 |
2.88% |
50-60% |
13 |
$4,875,000 |
$375,000 |
$5,074 |
3.10% |
>60% |
2 |
$250,000 |
$125,000 |
$3,874 |
3.90% |
Devon Bank lent most frequently to those with DTI ratios
of 20-30%, with
281 originations.
The next most common DTI ratio? 30-36%,
with 212 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Asian |
368 |
$134,200,000 |
$364,674 |
$4,532 |
3.03% |
Black |
190 |
$66,350,000 |
$349,211 |
$4,898 |
3.15% |
Not provided |
189 |
$63,455,000 |
$335,741 |
$4,262 |
3.14% |
White |
183 |
$59,255,000 |
$323,798 |
$4,220 |
3.10% |
Asian Indian |
77 |
$25,515,000 |
$331,364 |
$4,549 |
2.87% |
Other Asian |
63 |
$23,075,000 |
$366,270 |
$4,484 |
3.06% |
Not applicable |
13 |
$8,495,000 |
$653,462 |
$0 |
4.23% |
American Indian |
2 |
$740,000 |
$370,000 |
$5,201 |
2.88% |
Other Pacific Islander |
1 |
$305,000 |
$305,000 |
$5,775 |
3.13% |
Approval Rates
Total approvals of all applications
94.80%
Devon Bank has an average approval rate.
Pick Rate
Approvals leading to origination
61.81%
Devon Bank has a low pick rate. They may have issues
with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
1,086 |
$381,390,000 |
$351,188 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,086 |
$381,390,000 |
$351,188 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
62 |
$18,090,000 |
$291,774 |
$3,544 |
2.80% |
40-60% |
190 |
$66,110,000 |
$347,947 |
$3,808 |
2.77% |
60-80% |
478 |
$171,470,000 |
$358,724 |
$4,158 |
3.07% |
80-100% |
323 |
$120,385,000 |
$372,709 |
$5,785 |
3.10% |
Under 20% |
33 |
$5,335,000 |
$161,667 |
$1,159 |
5.51% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Devon Bank |
561 North Milwaukee Avenue Wheeling, IL 60090 |
Full Service B&M
|
$52,800 |
Devon Bank |
6445 North Western Avenue Chicago, IL 60645 |
Full Service B&M
|
$226,808 |
Devon Bank |
950 Milwaukee Avenue Glenview, IL 60025 |
Full Service B&M
|
$46,017 |
For 2021, Devon Bank had 3 branches.
Yearly Performance Overview
Bank Income
Devon Bank's gross interest income from loans was $11,290,000.
Devon Bank's net interest income from loans was $10,494,000.
Devon Bank's fee based income from loans was $172,000.
Devon Bank's net income from loans was $2,357,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$796 |
Provision for credit losses |
$0 |
Total noninterest expense |
$22,888 |
Salaries and employee benefits |
$15,216 |
Premises and equipment expense |
$2,550 |
Additional noninterest expense |
$5,122 |
Applicable income taxes |
$898 |
Net charge-offs |
$16 |
Cash dividends |
$68 |
Devon Bank's interest expense for loans was $796,000.
Devon Bank's payroll and benefits expense were $15,216,000.
Devon Bank's property, plant and equipment expenses $2,550,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$345,351 |
Deposits held in domestic offices |
$345,351 |
Deposits by Individuals, partnerships, and corporations |
$338,884 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$0 |
Deposits by Commercial banks and other depository institutions in U.S. |
$6,467 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$150,540 |
Demand deposits |
$122,052 |
Nontransaction accounts |
$194,811 |
Money market deposit accounts (MMDAs) |
$47,030 |
Other savings deposits (excluding MMDAs) |
$36,450 |
Total time deposits |
$111,332 |
Total time and savings deposits |
$223,299 |
Noninterest-bearing deposits |
$122,050 |
Interest-bearing deposits |
$223,301 |
Retail deposits |
$273,417 |
IRAs and Keogh plan accounts |
$10,314 |
Brokered deposits |
$55,126 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$451,130 |
Cash & Balances due from depository institutions |
$11,558 |
Interest-bearing balances |
$9,069 |
Total securities |
$190,313 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$211,824 |
Loan and leases loss allowance |
$4,969 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$8,715 |
Other real estate owned |
$618 |
Goodwill and other intangibles |
$6,730 |
All other assets |
$21,372 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$451,130 |
Total Liabilities |
$420,850 |
Total deposits |
$345,351 |
Interest-bearing deposits |
$223,301 |
Deposits held in domestic offices |
$345,351 |
% insured (estimated) |
$65 |
Federal funds purchased and repurchase agreements |
$500 |
Trading liabilities |
$0 |
Other borrowed funds |
$71,128 |
Subordinated debt |
$0 |
All other liabilities |
$3,871 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$211,824 |
Loan and leases loss allowance |
$4,969 |
Total loans and leases (domestic) |
$216,793 |
All real estate loans |
$169,027 |
Real estate loans in domestic offices |
$169,027 |
Construction and development loans |
$16,433 |
Residential 1-4 family construction |
$4,705 |
Other construction, all land development and other land |
$11,728 |
Loans secured by nonfarm nonresidential properties |
$87,839 |
Nonfarm nonresidential secured by owner-occupied properties |
$28,391 |
Commercial real estate & other non-farm, non-residential |
$59,448 |
Multifamily residential real estate |
$16,533 |
1-4 family residential loans |
$48,222 |
Farmland loans |
$0 |
Loans held in foreign offices |
$0 |
Farm loans |
$0 |
Commercial and industrial loans |
$39,499 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$7,854 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$48 |
Other loans to individuals |
$7,806 |
All other loans & leases |
$413 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$100 |
Loans to depository institutions and acceptances of other banks |
$0 |
Loans not secured by real estate |
$0 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$1,742 |
Non 1-4 family restructured loans & leases |
$866 |
Total loans and leases (foreign) |
$0 |
Devon Bank had $211,824,000 of loans outstanding in 2021. $169,027,000 of loans were in real estate loans.
$16,433,000 of loans were in development loans. $16,533,000 of loans were in multifamily mortgage loans.
$48,222,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $48,000 of loans were in the auto loan category.
Small Business Loans
Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
Nonfarm, nonresidential loans - <$1MM |
99 |
$26,061 |
$263,242 |
Nonfarm, nonresidential loans - <$100k |
9 |
$283 |
$31,444 |
Nonfarm, nonresidential loans - $100-250k |
29 |
$3,680 |
$126,897 |
Nonfarm, nonresidential loans - $250k-1MM |
61 |
$22,098 |
$362,262 |
Commercial & Industrial, US addressed loans - <$1MM |
152 |
$23,213 |
$152,717 |
Commercial & Industrial, US addressed loans - <$100k |
58 |
$1,646 |
$28,379 |
Commercial & Industrial, US addressed loans - $100-250k |
44 |
$5,105 |
$116,023 |
Commercial & Industrial, US addressed loans - $250k-1MM |
50 |
$16,462 |
$329,240 |