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Drake Bank

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

Drake Bank is headquartered in Saint Paul and is the 135th largest bank in the state of Minnesota. It is also the 3,734th largest bank in the nation. It was established in 2002 and as of March of 2019, it had grown to 24 employees at 1 location. Drake Bank has a C+ health rating.


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Health Grade Components

FDIC Certificate #57336
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.14%
Return on Equity - YTD1.51%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$125.0MM$97.6MM
LoansQ1 2019vs Q1 2018$107.7MM$85.8MM
DepositsQ1 2019vs Q1 2018$95.1MM$72.9MM
Equity CapitalQ1 2019vs Q1 2018$11.1MM$11.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$987.00K$1.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.6MM$415.00K
Real Estate OwnedQ1 2019vs Q1 2018$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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