Drake Bank
Major Rating Factors:
A current level of 37.8 percent of nonperforming loans to core capital combined with 16.8 percent from a year earlier contributes to the Very Weak asset quality (1.0).
Other Rating Factors:
Very Weak liquidity 0.6, driven by a liquidity ratio of 21.7 percent and a “hot money” ratio of 27.9 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.9 on a scale of 0 to 10).
Asset Mix:
Comm loans (28%), comm re (22%), home mtgs (16%), securities (12%), cash (9%), home eq lns (3%), consumer loans (0%), other (10%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Plato Holdings, Inc.
Investment Rating
--
Address
60 East Plato Boulevard
Saint Paul, MN 55107
Saint Paul, MN 55107
Phone Number
(651) 224-5000
Year Founded
2002
FDIC Number
Website
Largest Affiliates
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