Flagship Bank Minnesota

445 East Lake Street
Wayzata, MN 55391
952.473.1959
www.flagshipbanks.com

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Flagship Bank Minnesota is headquartered in Wayzata and is the 190^th largest bank in the state of Minnesota. It is also the 5,117^st largest bank in the nation. It was established in 1875 and as of December of 2012, it had grown to 19 employees at 2 locations. Flagship Bank Minnesota has a 2-star health rating.

18 Month 2.00% (Forum) - 6/30/2010

I just rolled a CD yesterday at Flagship Bank of Wayzata, MN. They offered several good specials including an 18 month 2.00% CD. I did not take a rate sheet but they had I believe a 1.80% 12 month quote.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Flagship Bank Minnesota Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$1k	-	NOW Account

Flagship Bank Minnesota Savings Account Rates

Apy	Min	Max	Product
0.05%	$100	-	HSA Account
0.05%	$50	-	Savings Account

Flagship Bank Minnesota Money Market Rates

	Apy	Min	Max	Product
	0.25%	$50k	-	Money Market Account

Flagship Bank Minnesota CD Rates

Apy	Min	Max	Product
1.00%	$500	-	60 Month CD
0.80%	$500	-	48 Month CD
0.60%	$500	-	36 Month CD
0.50%	$500	-	24 Month CD
0.35%	$500	-	18 Month CD
0.30%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.10%	$500	-	3 Month CD

Flagship Bank Minnesota IRA Rates

Apy	Min	Max	Product
1.00%	$500	-	60 Month IRA
1.00%	$500	-	60 Month Roth IRA
1.00%	$500	-	60 Month CESA
0.80%	$500	-	48 Month IRA
0.80%	$500	-	48 Month Roth IRA
0.80%	$500	-	48 Month CESA
0.60%	$500	-	36 Month IRA
0.60%	$500	-	36 Month Roth IRA
0.60%	$500	-	36 Month CESA
0.50%	$500	-	24 Month IRA
0.50%	$500	-	24 Month Roth IRA
0.50%	$500	-	24 Month CESA
0.35%	$500	-	18 Month IRA
0.35%	$500	-	18 Month Roth IRA
0.35%	$500	-	18 Month CESA
0.30%	$500	-	12 Month IRA
0.30%	$500	-	12 Month Roth IRA
0.30%	$500	-	12 Month CESA
0.20%	$500	-	6 Month IRA
0.20%	$500	-	6 Month Roth IRA
0.20%	$500	-	6 Month CESA
0.10%	$500	-	3 Month IRA
0.10%	$500	-	3 Month Roth IRA
0.10%	$500	-	3 Month CESA

Rates updated: 5/21/2013

Data for Q4 2012

Flagship Bank Minnesota consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

8188 - Flagship Bank Minnesota
10170 - Flagship Bank Winsted

Institution Statistics

Flagship Bank Minnesota
FDIC Certificate #	8188
BankRate Report	View
Year Established	1875
Employees	19
Primary Regulator	FDIC
Assets and Liabilities
Assets	$90.03 million
Loans	$61.24 million
Deposits	$78.75 million
Equity Capital	$8.17 million
Loan Loss Allowance	$1.35 million
Unbacked Noncurrent Loans	$2.29 million
Real Estate Owned	$3.07 million
Historic Data - December 2011
Assets	$108.91 million
Equity Capital	$8.12 million
Loan Loss Allowance	$1.68 million
Unbacked Noncurrent Loans	$3.06 million
Real Estate Owned	$2.83 million
Profit Margin - Quarterly
Net Interest Margin	3.97%
Return on Assets	0.2%
Return on Equity	2.5%
Interest Income	$4.28 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Flagship Bank Minnesota had $5.36 million in non-current loans and owned real-estate with $9.52 million in equity and loan loss allowances on hand to cover it. This gives Flagship Bank Minnesota a Texas Ratio of 56.36% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Flagship Bank Minnesota held steady from 60.54% as of December 31, 2011 to 56.36% as of December 31, 2012, resulting in a positive change of 6.91%.This indicates that the balance sheet and financial strength for Flagship Bank Minnesota has held steady in recent periods.
Deposit Growth
In the past year, Flagship Bank Minnesota has decreased its total deposits by -$14.37 million, resulting in -15.43% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Flagship Bank Minnesota has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Flagship Bank Minnesota has $90.03 million in assets with $9.52 million in equity, resulting in a capitalization level of 10.57%, which is above average.