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Overview / Commentary
445 East Lake Street
Wayzata, MN 55391

Flagship Bank Minnesota is headquartered in Wayzata and is the 182nd largest bank in the state of Minnesota. It is also the 4,883rd largest bank in the nation. It was established in 1875 and as of March of 2014, it had grown to 18 employees at 2 locations. Flagship Bank Minnesota has a B health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Flagship Bank Minnesota has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Flagship Bank Minnesota had $3.36 million in non-current loans and owned real-estate with $12.89 million in equity and loan loss allowances on hand to cover it. This gives Flagship Bank Minnesota a Texas Ratio of 26.09% which is 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 decreased dramatically from 48.15% as of March 31, 2013 to 26.09% as of March 31, 2014, resulting in a positive change of 45.81%.This indicates that the balance sheet and financial strength for Flagship Bank Minnesota has improved dramatically in recent periods.

Deposit Growth


In the past year, Flagship Bank Minnesota has decreased its total deposits by -$3.65 million, resulting in -4.32% 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 below average.



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 $93.65 million in assets with $12.89 million in equity, resulting in a capitalization level of 13.77%, which is excellent.

Institution Statistics

FDIC Certificate #8188
Year Established1875
Primary RegulatorFDIC
Assets and Liabilities
Assets$93.65 million
Loans$63.56 million
Deposits$80.75 million
Equity Capital$12.07 million
Loan Loss Allowance$818,000
Unbacked Noncurrent Loans$566,000
Real Estate Owned$2.80 million
Historic Data - March 2013
Assets$93.66 million
Equity Capital$8.12 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$566,000
Real Estate Owned$3.06 million
Profit Margin - Quarterly
Net Interest Margin4.24%
Return on Assets0%
Return on Equity0%
Interest Income$955,000

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Flagship Bank Minnesota Savings Account Rates

0.05%$100-HSA Account
0.05%$50-Savings Account

Flagship Bank Minnesota Money Market Rates

0.45%$100k-Money Market Account

Flagship Bank Minnesota Checking Account Rates

0.35%$5k-Regatta Checking
0.35%$2,500-Preferred Senior Checking
0.25%$100k-Admiral Business Checking
0.25%$100k-Non-Profit Business Checking
0.05%$1k-NOW Account

Flagship Bank Minnesota CD Rates

1.00%$500-60 Month CD
0.80%$500-48 Month CD
0.75%$500-36 Month CD
0.70%$500-24 Month CD
0.60%$500-18 Month CD
0.45%$500-12 Month CD
0.20%$500-6 Month CD
0.10%$500-3 Month CD

Flagship Bank Minnesota IRA Rates

1.00%$500-60 Month IRA
0.80%$500-48 Month IRA
0.75%$500-36 Month IRA
0.70%$500-24 Month IRA
0.60%$500-18 Month IRA
0.45%$500-12 Month IRA
0.20%$500-6 Month IRA
0.10%$500-3 Month IRA

Flagship Bank Minnesota Locations
Flagship Bank Minnesota445 East Lake StreetWayzata, MN 55391
Eden Prairie Branch7525 Office Ridge CircleEden Prairie, MN 55344