Headquartered in Saint Paul, Minnesota, Drake Bank is a state-chartered bank with $247.4M in total assets and $211.6M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 2002.
Based on its Q2 2026 filing, Drake Bank scores 18/100, which we describe as low. That is higher than only 0% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 223rd. Its strongest component is funding & liquidity (71/100; 89% loans-to-deposits, 14% uninsured), and its lowest is problem-loan coverage (0/100; 57.8%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 31 points (49 → 18), mostly because the problem-loan coverage component weakened by 68 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 61 |
| Q3 2024 | 65 |
| Q4 2024 | 44 |
| Q1 2025 | 51 |
| Q2 2025 | 49 |
| Q3 2025 | 36 |
| Q4 2025 | 25 |
| Q1 2026 | 26 |
| Q2 2026 | 18 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.04% |
| Q3 2024 | 8.70% |
| Q4 2024 | 8.95% |
| Q1 2025 | 8.42% |
| Q2 2025 | 8.28% |
| Q3 2025 | 8.35% |
| Q4 2025 | 7.96% |
| Q1 2026 | 6.98% |
| Q2 2026 | 7.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.27% |
| Q3 2024 | 0.06% |
| Q4 2024 | 2.11% |
| Q1 2025 | 1.52% |
| Q2 2025 | 1.73% |
| Q3 2025 | 3.22% |
| Q4 2025 | 2.78% |
| Q1 2026 | 2.21% |
| Q2 2026 | 4.49% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.46% |
| Q3 2024 | 0.67% |
| Q4 2024 | 0.75% |
| Q1 2025 | 1.07% |
| Q2 2025 | 0.99% |
| Q3 2025 | 0.92% |
| Q4 2025 | -0.19% |
| Q1 2026 | -3.04% |
| Q2 2026 | -1.24% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 18 | $247.4M | 7.27% | 4.49% | -1.24% | 88.8% |
| Q1 2026 | 26 | $259.8M | 6.98% | 2.21% | -3.04% | 84.5% |
| Q4 2025 | 25 | $254.6M | 7.96% | 2.78% | -0.19% | 91.1% |
| Q3 2025 | 36 | $272.0M | 8.35% | 3.22% | 0.92% | 88.9% |
| Q2 2025 | 49 | $273.2M | 8.28% | 1.73% | 0.99% | 92.0% |
| Q1 2025 | 51 | $275.0M | 8.42% | 1.52% | 1.07% | 91.2% |
| Q4 2024 | 44 | $253.0M | 8.95% | 2.11% | 0.75% | 100.3% |
| Q3 2024 | 65 | $261.3M | 8.70% | 0.06% | 0.67% | 87.5% |
| Q2 2024 | 61 | $247.4M | 9.04% | 0.27% | 0.46% | 88.8% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cornerstone State BankBank Montgomery, MN | 74 out of 100, Strong | $247.0M | 10.6% | 0.80% | vs |
| First Farmers & Merchants National BankBank Luverne, MN | 70 out of 100, Strong | $242.6M | 11.6% | 0.85% | vs |
| Center National BankBank Litchfield, MN | 80 out of 100, Strong | $242.6M | 11.1% | 0.00% | vs |
| Arcadian BankBank Hartland, MN | 85 out of 100, Very strong | $242.1M | 12.0% | 0.10% | vs |
| Union Bank and Trust CompanyBank Minneapolis, MN | 38 out of 100, Low | $253.4M | 10.0% | 3.13% | vs |
| VisionBankBank Saint Louis Park, MN | 57 out of 100, Moderate | $253.9M | 10.0% | 1.81% | vs |
Deposit insurance
Is my money safe at Drake Bank?
Yes. Drake Bank is an FDIC-insured institution (FDIC certificate #57336). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 14.2% of deposits ($30.1M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 7.27%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.08% (benchmark: 10%).
1 location
Branches
Drake Bank lists 1 office in 1 city. Most locations:
- Saint Paul, MN (1)
HMDA 2025
Mortgage lending
In 2025, Drake Bank reported 51 home-loan applications under HMDA (LEI 5493007GTTV61V305H74): 45 originated ($16,565,000 total), 4 denied, and 1 withdrawn or closed by the applicant. Its denial rate on decided applications was 8.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Drake Bank
- Type
- State-chartered bank
- FDIC certificate #
- 57336
- RSSD ID
- 3090833
- Primary regulator
- FDIC
- Holding company
- Plato Holdings Inc
- Established
- May 1, 2002
- Headquarters
- 60 Plato Blvd E, Saint Paul, MN 55107
- Website
- www.drake-bank.com
- Employees
- 33
Quick answers
Drake Bank: common questions
Is Drake Bank FDIC insured?
Yes. Drake Bank is an FDIC-insured institution (FDIC certificate #57336). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Drake Bank's TellerScore?
18 out of 100 (Low), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Drake Bank ever failed?
There is no failure record for FDIC certificate #57336 in the FDIC failed bank list.
How many branches does Drake Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Saint Paul
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Vermillion State BankBank Vermillion, MN | 90 out of 100, Very strong | $931.4M | 13.4% | 0.24% | vs |
| Ziegler Federal Credit UnionCredit union Bloomington, MN | 87 out of 100, Very strong | $4.3M | 26.9% | 1.09% | vs |
| Carpenters Federal Credit UnionCredit union Saint Paul, MN | 86 out of 100, Very strong | $44.3M | 16.0% | 1.01% | vs |
| Think Mutual BankBank Rochester, MN | 86 out of 100, Very strong | $2.2B | 16.3% | 0.25% | vs |
| PrinsBankBank Prinsburg, MN | 85 out of 100, Very strong | $308.3M | 12.0% | 0.29% | vs |
| Toro Employees Federal Credit UnionCredit union Bloomington, MN | 84 out of 100, Strong | $41.5M | 14.5% | 0.56% | vs |