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

Drake Bank is headquartered in Saint Paul and is the 168th largest bank in the state of Minnesota. It is also the 4,293rd largest bank in the nation. It was established in 2002 and as of December of 2017, it had grown to 22 employees at 1 location. Drake Bank has a B+ health rating.


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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

FDIC Certificate #57336
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD14.98%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$98.0MM$98.0MM
LoansQ4 2017vs Q4 2016$82.8MM$83.1MM
DepositsQ4 2017vs Q4 2016$72.0MM$74.9MM
Equity CapitalQ4 2017vs Q4 2016$11.1MM$10.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$964.00K$1.0MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$180.00K$640.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$342.00K
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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

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

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

2.78%$500-60 Month CD
2.53%$500-48 Month CD
2.38%$500-36 Month CD
2.12%$500-24 Month CD
1.36%$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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