Drake Bank
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Data as of · sourced from FFIEC call reports. How we update
Drake Bank is an FDIC-insured commercial bank headquartered in Saint Paul, MN, established in 2002 (FDIC certificate 57336), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $247.4M, down 9.4% from Q2 2025, the 99th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 9.80% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57336
- Headquarters
- Saint Paul, MN
- Established
- 2002
- Total assets, Q2 2026
- $247.4M
- Assets vs Q2 2025
- -9.4%
- CET1 ratio, Q2 2026
- 9.80%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 096017230
- Latest call report
- Q2 2026, FFIEC 051 · Drake Bank call report
- Holding company
- PLATO HOLDINGS, INC.
- Asset rank in state
- 99th of 221 in Minnesota
Problem loans are rising at Drake Bank. It reported $247 million in assets at June 30, 2026, down 9.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.49% of loans from 1.73% a year earlier. It pays an average of 2.75% on its deposits and borrowings, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also holds common equity equal to 9.80% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 15.12%).
The commercial and industrial book ($70 million) is worsening: 9.36% of it is past due or on nonaccrual, up from 5.41% a year earlier. Delinquency has appeared in its $21 million non-owner-occupied commercial real estate book: 10.59% of those loans are past due or on nonaccrual, against almost none a year earlier. Credit is the area to watch: it carries problem assets equal to 57.8% of the capital and reserves that would absorb them, 21.9 times the median of 2.6% for banks its size.
As of June 30, 2026, Drake Bank reported a CET1 capital ratio of 9.80%, a return on assets of 0.60%, a nonperforming-loan ratio of 4.49% and a Texas ratio of 57.81%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Drake Bank is the 99th largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets fell 4.8% to $247.4M, loans fell 1.0% and deposits fell 5.7%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 36.1% of total loans, followed by 1-4 family residential loans at 24.6%. The FDIC Summary of Deposits lists a single office for it, in Saint Paul, MN. On its Q2 2026 call report, Drake Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 60 Plato Blvd E, Saint Paul, MN 55107
- County
- Ramsey
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 1, 2002
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $211.6M
- Allowance for credit losses
- $5.8M
- Net charge-offs (YTD)
- $642K
- Average total assets
- $255.9M
- Average total loans
- $196.7M
- Average interest-bearing deposits
- $178.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 1, 2002
- FDIC Cert
- 57336
- Fed RSSD
- 3090833
- SEC CIK
- 1455595 → filed by PLATO HOLDINGS, INC.
- Website
- www.drake-bank.com →
- Parent Holding Company
- PLATO HOLDINGS, INC. (RSSD 3090842)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Drake Bank's total assets moved between a low of $212.3M (Q3 2023) and a high of $275.0M (Q1 2025) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$247.4M total assets against $273.2M; $230.2M total liabilities against $252.8M.
$187.9M net loans and leases against $214.9M; $211.6M total deposits against $233.7M.
$28.6M securities against $34.0M; $23.2M cash and balances due against $21.3M.
$3.8M total interest income against $4.4M; $1.6M total interest expense against $1.8M.
$2.2M net interest income against $2.6M.
$265K total noninterest income against $343K; $1.9M total noninterest expense against $1.8M.
$165K provision for credit losses against $527K.
$381K net income against $617K.
0.60% return on assets against 0.91%; 3.45% net interest margin against 3.82%.
9.80% CET1 capital ratio against 10.79%; 7.27% tier 1 leverage ratio against 8.28%.
Inside the full Drake Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Non-performing assets exceed half of the bank's capital plus reserves. Worth monitoring, not yet at the historical failure-risk threshold. BankRegReports early-warning band below the 100% heuristic.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Drake Bank rankings
Its closest position to the top of a national ranking is 6 of 3,640, for Texas Ratio; its furthest is 2,111 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -3.60% (Q4 2025) to 1.08% (Q1 2025) and its net interest margin ran from 3.45% (Q4 2025) to 4.12% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.80% | 0.60% | 4.49% | 57.81% | 3.45% |
| Q1 2026 | 9.50% | -3.02% | 2.21% | 39.48% | 3.52% |
| Q4 2025 | 10.55% | -3.60% | 2.78% | 43.68% | 3.45% |
| Q3 2025 | 11.21% | 0.78% | 3.22% | 28.74% | 3.61% |
| Q2 2025 | 10.79% | 0.91% | 1.73% | 16.00% | 3.82% |
| Q1 2025 | 10.45% | 1.08% | 1.52% | 21.91% | 3.98% |
| Q4 2024 | 10.70% | 0.97% | 2.11% | 19.94% | 4.12% |
| Q3 2024 | — | 1.07% | 0.06% | 1.65% | 3.95% |
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Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Drake Bank (main office) | Saint Paul , MN | 55107 | $211.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 132 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 88 applications, 45 loans originated, $16.6M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 15 loans, $11.4M approved, $760K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 7 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2022-Q1 to 2023-Q1. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Drake Bank
What are Drake Bank's total assets?
As of the Q2 2026 filing, Drake Bank reported total assets of $247.4 million in its FFIEC call report.
Where is Drake Bank headquartered?
It is headquartered in Saint Paul, MN, United States.
When was Drake Bank founded?
It was established in 2002, per the FDIC institution directory.
Is Drake Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57336). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Drake Bank?
Drake Bank's primary federal regulator is the FDIC.
What is Drake Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 9.80% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Drake Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Drake Bank's Texas Ratio?
Its Texas Ratio is 57.81% in its Q2 2026 call report, elevated, credit issues exceed half of the bank's capital cushion (50 to 100%). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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