Drake Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.9 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (3.8) profitability.
Other Rating Factors:
Good current capitalization (6.4 on a scale of 0 to 10) based on a risk-based capital ratio of 11.7 and a capital leverage ratio of 8.4. A current level of 13.2 percent of nonperforming loans to core capital combined with 1.4 percent from a year earlier contributes to the Fair asset quality (3.4).
Asset Mix:
Comm loans (31%), comm re (21%), home mtgs (15%), securities (12%), cash (7%), 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
No affiliate information available.