Devon Bank
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Data as of · sourced from FFIEC call reports. How we update
Devon Bank is an FDIC-insured commercial bank headquartered in Chicago, IL, established in 1945 (FDIC certificate 16249), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $418.6M, down 11.0% from Q2 2025, the 118th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 9.96% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16249
- Headquarters
- Chicago, IL
- Established
- 1945
- Total assets, Q2 2026
- $418.6M
- Assets vs Q2 2025
- -11.0%
- CET1 ratio, Q2 2026
- 9.96%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 071004271
- Holding company
- DEVON BANCORP, INC.
- Asset rank in state
- 118th of 319 in Illinois
Devon Bank spends more to run itself than most banks of its size. Based in Chicago, Illinois, it had $419 million in assets at June 30, 2026, down 11.0% from a year earlier. It loses about $0.00 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 104 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
It lost $2,000 in the quarter. Over the same year, loans shrank 5.6% and deposits shrank 15.6%. Its margin is thin by comparison: it keeps 3.03 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, Devon Bank reported a CET1 capital ratio of 9.96%, a return on assets of -0.00%, a nonperforming-loan ratio of 0.27% and a Texas ratio of 1.95%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Devon Bank is the 118th largest of the 319 banks headquartered in Illinois. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 4.0% to $418.6M, loans fell 1.4% and deposits fell 6.3%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 35.0% of total loans, followed by 1-4 family residential loans at 29.3%. Its 3 offices in the FDIC Summary of Deposits are in Chicago, IL, Glenview, IL and Wheeling, IL; its Chicago office books 73% of its branch deposits. On its Q2 2026 call report, Devon Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 6445 N Western Ave, Chicago, IL 60645
- County
- Cook
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- September 15, 1945
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 107
- Domestic deposits
- $262.6M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $10K
- Average total assets
- $432.8M
- Average total loans
- $197.6M
- Average interest-bearing deposits
- $155.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 15, 1945
- FDIC Cert
- 16249
- Fed RSSD
- 347639
- SEC CIK
- 1734792 → filed by DEVON BANCORP, INC.
- Website
- www.DevonBank.com →
- Parent Holding Company
- DEVON BANCORP, INC. (RSSD 1131602)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Devon Bank's total assets moved between a low of $418.6M (Q2 2026) and a high of $553.3M (Q3 2023) from Q3 2023 to Q2 2026, and it earned a profit in 2 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$418.6M total assets against $470.3M; $393.4M total liabilities against $446.7M.
$193.7M net loans and leases against $204.6M; $262.6M total deposits against $311.3M.
$182.7M securities against $210.7M; $7.6M cash and balances due against $18.9M.
$4.9M total interest income against $5.2M; $1.9M total interest expense against $2.3M.
$3.0M net interest income against $2.9M.
$1.6M total noninterest income against $1.9M; $4.8M total noninterest expense against $5.3M.
-$196K provision for credit losses against $37K.
-$2K net income against -$380K.
-0.00% return on assets against -0.32%; 3.03% net interest margin against 2.60%.
9.96% CET1 capital ratio against 9.34%; 6.27% tier 1 leverage ratio against 5.72%.
Inside the full Devon Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Devon Bank rankings
Its closest position to the top of a national ranking is 1,995 of 4,196, for total assets; its furthest is 3,564 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -2.82% (Q4 2024) to 0.27% (Q4 2025) and its net interest margin ran from 2.35% (Q4 2024) to 3.03% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.96% | 0.00% | 0.27% | 1.95% | 3.03% |
| Q1 2026 | 9.88% | -0.33% | 0.17% | 1.25% | 2.88% |
| Q4 2025 | 9.88% | 0.27% | 0.17% | 1.24% | 2.78% |
| Q3 2025 | 9.69% | -0.02% | 0.19% | 1.36% | 2.76% |
| Q2 2025 | 9.34% | -0.32% | 0.18% | 1.42% | 2.60% |
| Q1 2025 | 9.19% | -0.47% | 0.18% | 1.39% | 2.58% |
| Q4 2024 | 8.93% | -2.82% | 0.17% | 1.41% | 2.35% |
| Q3 2024 | 9.21% | -0.20% | 0.17% | 1.19% | 2.37% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Devon Bank (main office) | Chicago , IL | 60645 | $191.0M |
| Glenview Branch | Glenview , IL | 60025 | $36.4M |
| Wheeling Branch | Wheeling , IL | 60090 | $35.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 13, 1992 | Structure Change | Acquired Deerbrook State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 12, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 21, 1992 | Structure Change | Acquired Western Federal Savings and Loan Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 20, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- March 13, 2013, Federal Reserve: Written Agreement: Devon Bancorp, Inc., Chicago, Illinois
- Period: Most recent institution action March 13, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 179 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 587 applications, 332 loans originated, $125.7M originated, across 33 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $704K approved, $352K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 5 complaints in the last 3 full quarters. Raw counts, not adjusted for size
- Period: 2017-Q1 to 2026-Q1. Source: CFPB consumer complaint database.
- Not on file
- CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Devon Bank
What are Devon Bank's total assets?
As of the Q2 2026 filing, Devon Bank reported total assets of $418.6 million in its FFIEC call report.
Where is Devon Bank headquartered?
It is headquartered in Chicago, IL, United States.
When was Devon Bank founded?
It was established in 1945, per the FDIC institution directory.
Is Devon Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16249). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Devon Bank?
Devon Bank's primary federal regulator is the FDIC.
What is Devon Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 9.96% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Devon Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Devon Bank's Texas Ratio?
Its Texas Ratio is 1.95% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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