Overview / Commentary
60 Plato Boulevard, Suite 100
Saint Paul, MN 55107

Drake Bank is headquartered in Saint Paul and is the 143rd largest bank in the state of Minnesota. It is also the 3,832nd largest bank in the nation. It was established in 2002 and as of December of 2018, it had grown to 25 employees at 1 location. Drake Bank has a B health rating.


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Health Grade Components

FDIC Certificate #57336
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.03%
Return on Equity - YTD0.25%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$119.4MM$98.0MM
LoansQ4 2018vs Q4 2017$107.9MM$82.8MM
DepositsQ4 2018vs Q4 2017$86.9MM$72.0MM
Equity CapitalQ4 2018vs Q4 2017$11.1MM$11.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$903.00K$964.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.9MM$180.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

2.36%*$1m*-Investor Savings Account
OTHER TIERS: 1.55% Up to $25k | 2.00% $25k - $100k | 2.10% $100k - $250k | 2.25% $250k - $1m
0.25%--Basic Savings
0.25%$1k-Preferred Savings Account

Drake Bank Checking Account Rates

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

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

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

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