Durin's Bane

[luinilwen]

'Ai! ai!' wailed Legolas. 'A Balrog! A Balrog is come!'
Gimli stared with wide eyes. 'Durin's Bane!' he cried, and letting his axe fall he covered his face.

The Bridge of Khazad-Dum

i know the Dwarves awakened the Balrog:

'The Dwarves tell no tale; but even as mithril was the foundation of their wealth, so also it was their destruction: they delved too greedily and too deep, and disturbed that from which they fled, Durin's Bane.' - Gandalf

A Journey in the Dark

but is the Balrog called Durin's Bane simply because it was the "destruction" of Durin's people or is there a story preceding this that involved Durin directly?

maybe a stupid question, but something i've been wondering about.