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

Drake Bank is headquartered in Saint Paul and is the 164th largest bank in the state of Minnesota. It is also the 4,400th largest bank in the nation. It was established in 2002 and as of September of 2016, it had grown to 20 employees at 1 location. Drake Bank has an A health rating.

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Health
A
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
Employees20
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD13.69%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$99.7MM$88.0MM
LoansQ3 2016vs Q3 2015$78.7MM$76.6MM
DepositsQ3 2016vs Q3 2015$77.0MM$67.6MM
Equity CapitalQ3 2016vs Q3 2015$10.4MM$9.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.1MM$1.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$175.00K$554.00K
Real Estate OwnedQ3 2016vs Q3 2015$618.00K$1.0MM
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
0.35%*$50k*-Investor Savings Account
OTHER TIERS: 0.25% Up to $50k
0.25%--Classic Savings Account
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
1.15%$500-60 Month CD
0.75%$500-48 Month CD
0.65%$500-36 Month CD
0.40%$500-24 Month CD
0.35%$500-12 Month CD
0.35%$500-18 Month CD
0.30%$500-9 Month CD
0.20%$500-182 Day CD
0.15%$500-91 Day CD

Drake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-60 Month IRA
0.75%$500-48 Month IRA
0.65%$500-36 Month IRA
0.40%$500-24 Month IRA
0.35%$500-12 Month IRA
0.35%$500-18 Month IRA
0.30%$500-9 Month IRA
0.20%$500-182 Day IRA
0.15%$500-91 Day IRA
Locations


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