Applications / Mortgage Analytics / Lenders / Illinois / Devon Bank
Chicago, IL · State non-member bank · FDIC · $457 million assets · 332 loans in 2025
Devon Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
332
loans originated, 2025
587
applications, 2025
30
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Devon Bank, a Chicago lender, makes nearly half its mortgages in majority-minority neighborhoods, a share few similar lenders come near.
Devon Bank is small but travels far. Its 332 loans reached 30 states and 71 metros, though Illinois remains its main state. In its biggest market, Chicago-Naperville-Elgin, it ranked 226 of 902 lenders. In 2025 it made its first loans in non-metro Tennessee, Albany, OR and Macon-Bibb County.
Home purchases made up 87.0% of its lending, and every loan was conventional. Its loans are big for a bank of its kind. The typical one was $335,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans), larger than at about nine in ten of them.
Majority-minority areas took 47.3% of its loans, against 6.7% at similar lenders; only about one in twenty had a higher share. Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took 24.2%, more than at four in five peers. LMI borrowers took 25.0%, a little under peers' 27.9%. Its larger loans may be one reason.
Its originations fell 11%, from 372 to 332, while similar lenders grew 9% and the market 10%. The decline is a long one: it made 1,086 loans in 2021. Slower purchase lending in some of its metros could explain it, or a choice to lend less. The figures do not say which.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Devon Bank took 587 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 87.0% · Refinance 13.0%
Conventional 100.0% · of 332 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Illinois | 105 | 31.6% |
| Texas | 61 | 18.4% |
| California | 20 | 6.0% |
| Minnesota | 19 | 5.7% |
| Ohio | 13 | 3.9% |
| Georgia | 10 | 3.0% |
| Utah | 10 | 3.0% |
| Washington | 10 | 3.0% |
| Louisiana | 9 | 2.7% |
| Virginia | 9 | 2.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 95 |
| Houston-Pasadena-The Woodlands | 29 |
| Dallas-Plano-Irving | 22 |
| Minneapolis-St. Paul-Bloomington | 19 |
| Salt Lake City-Murray | 9 |
| Arlington-Alexandria-Reston | 8 |
| Lake County | 8 |
| Seattle-Bellevue-Kent | 8 |
| Atlanta-Sandy Springs-Roswell | 7 |
| Columbus | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300UV5JQXLGVWIP44 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 347639 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316249 | 1990–2017 |
Established 15 September 1945. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Devon Bank's data.
Devon Bank's data
$215
Devon Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Devon Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]