Overview / Commentary
651-224-5000
60 Plato Boulevard, Suite 100
Saint Paul, MN 55107

Drake Bank is headquartered in Saint Paul and is the 165th largest bank in the state of Minnesota. It is also the 4,244th largest bank in the nation. It was established in 2002 and as of March of 2018, it had grown to 24 employees at 1 location. Drake Bank has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Drake Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #57336
Year Established2002
Employees24
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD4.97%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$97.6MM$100.3MM
LoansQ1 2018vs Q1 2017$85.8MM$86.3MM
DepositsQ1 2018vs Q1 2017$72.9MM$75.1MM
Equity CapitalQ1 2018vs Q1 2017$11.2MM$10.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.1MM$1.0MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$415.00K$640.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Drake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%*$1m*-Investor Savings Account
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $100k | 1.00% $100k - $250k | 1.66% $250k - $1mm
0.25%--Basic Savings
0.25%$1k-Preferred Savings Account

Drake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Interest Checking Account
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $5k | 0.20% $5k - $10k
0.25%*$25k*-Civic Checking Account
OTHER TIERS: 0.10% Up to $25k

Drake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$500-60 Month CD
2.50%$500-48 Month CD
2.35%$500-36 Month CD
2.10%$500-24 Month CD
1.35%$500-18 Month CD
1.05%$500-12 Month CD
0.85%$500-9 Month CD
0.75%$500-182 Day CD
0.50%$500-91 Day CD
Locations


Drake Bank Locations
Drake Bank60 Plato Boulevard, Suite 100Saint Paul, MN 55107

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