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

Drake Bank is headquartered in Saint Paul and is the 152nd largest bank in the state of Minnesota. It is also the 3,967th largest bank in the nation. It was established in 2002 and as of September of 2018, it had grown to 25 employees at 1 location. Drake Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57336
Year Established2002
Employees25
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.86%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$111.2MM$98.1MM
LoansQ3 2018vs Q3 2017$97.8MM$83.2MM
DepositsQ3 2018vs Q3 2017$86.3MM$71.6MM
Equity CapitalQ3 2018vs Q3 2017$11.3MM$11.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.2MM$930.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$3.0MM$180.00K
Real Estate OwnedQ3 2018vs Q3 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
1.97%*$1m*-Investor Savings Account
OTHER TIERS: 0.25% Up to $25k | 0.65% $25k - $100k | 1.16% $100k - $250k | 1.81% $250k - $1m
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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