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

2021 Data | 2020 Data | 2019 Data | 2018 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

Devon Bank 30 Year Conventional Loans silver
Show all (1) awards

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

Item Value (in 000's)
Total interest income $11,290
Net interest income $10,494
Total noninterest income $15,645
Gross Fiduciary activities income $1,629
Service charges on deposit accounts $172
Trading account gains and fees $0
Additional Noninterest Income $13,844
Pre-tax net operating income $3,251
Securities gains (or losses, -) $4
Income before extraordinary items $2,357
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $2,357
Minority interest net income $0
Net income $2,357
Sale, conversion, retirement of capital stock, net $938
Net operating income $2,353

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.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

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