Drake Bank in Saint Paul, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Drake Bank - Overview

  • General
  • FDIC Certificate #: 57336
    Status: Active
    Federal Reserve ID: 3090833
    Bank Holding Company (Regulatory Top Holder): Plato Holdings, Inc. (RSSDID: 3090842, Location: Saint Paul, MN)
    Date Established: May 01, 2002
    WWW: http://www.drake-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 362102
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 01, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 60 Plato Boulevard, Suite 100, Saint Paul, MN 55107
    County: Ramsey
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $80.6 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $66.8 mil
    Return on assets (ROA): -0.37% (-$0.3 mil)
    Quarterly return on assets: -1.28% (-$1.0 mil)
    Return on Equity (ROE): -3.74% (-$0.3 mil)
    Quarterly return on equity: -12.81% (-$1.0 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.37% (-$298.2 mil)
    Quarterly Pretax return on assets: -1.28% (-$1,031.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $80,590Total assets
  • $3,253Cash and due from depository institutions
  • $845Interest-bearing balances
  • $5,259Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,311Net loans & leases
  • $1,492Loan loss allowance
  • $0Trading account assets
  • $290Bank premises and fixed assets
  • $1,562Other real estate owned
  • $0Goodwill and other intangibles
  • $80,589Life insurance assets
  • $915All other assets
  • $72,602Total liabilities and capital
  • $66,797Total liabilities
  • $51,920Total deposits
  • $66,797Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $305Subordinated debt
  • $7,987All other liabilities
  • $7,987Total equity capital
  • $7,987Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $8,038Surplus
  • $-251Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,330Income earned, not collected on loans
  • $662Earning assets
  • $272Long-term assets (5+ years)
  • $75,415Average Assets, year-to-date
  • $6,809Average Assets, quarterly
  • $82,776Volatile liabilities
  • $81,536Insider loans
  • $62,022FHLB advances
  • $82,142Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,977Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,256Restructured Loans and leases
  • $1,397Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,564Total interest income
  • $745Total interest expense
  • $3,819Net interest income
  • $1,376Provision for loan and lease losses
  • -$173Total noninterest income
  • $0Fiduciary activities
  • $164Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$337Additional noninterest income
  • $2,633Total noninterest expense
  • $1,284Salaries and employee benefits
  • $370Premises and equipment expense
  • $979Additional noninterest expense
  • -$363Pre-tax net operating income
  • $54Securities gains (losses)
  • $0Applicable income taxes
  • -$309Income before extraordinary items
  • $0Extraordinary gains - net
  • -$309Net income attributable to bank
  • $0Net charge-offs
  • -$309Cash dividends
  • $1,303Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 5.05%Net interest margin
  • -0.23%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • -0.44%Net operating income to assets
  • -0.37%Return on assets (ROA)
  • -0.37%Pretax return on assets
  • -3.74%Return on equity (ROE)
  • -3.74%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 105.60%Credit loss provision to net charge-offs
  • 0.78%Efficiency ratio
  • 72,216Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 27.99%Noncurrent assets plus other real estate owned to assets
  • 8.55%Noncurrent loans to loans
  • 7.53%Net loans and leases to deposits
  • 103.76%Net loans and leases to core deposits
  • 109.32%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 9.71%Tier 1 risk-based capital ratio
  • 12.86%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $82,776Average earning assets
  • $8,269Average equity
  • $75,687Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362102Drake Bank60 Plato Boulevard, Suite 100, Saint Paul, MN 55107May 01, 2002Full Service Brick and Mortar

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