Drake Bank: how it compares with its peers
Against 99 MN banks with half to twice its assets, Drake Bank's strongest measure in Q2 2026 is assets per employee ($7.5M vs. a $7.4M peer median). Its weakest relative measure is return on assets (-1.24% vs. 1.32%).
| Measure | Drake Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -1.24% | 1.32% | Bottom third Ahead of 1% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.62% | 3.99% | Bottom third Ahead of 27% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 77.75% | 61.83% | Bottom third Ahead of 8% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.5M | $7.4M | Middle third Ahead of 52% of peers |
| Loans to deposits Net loans and leases over total deposits. | 88.81% | 76.39% | Context |
What it means for lending operations
Its efficiency ratio of 77.75% is above the 61.83% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Cornerstone State Bank Montgomery, MN · $247M
- First Farmers & Merchants National Bank Luverne, MN · $243M
- Center National Bank Litchfield, MN · $243M
- Arcadian Bank Hartland, MN · $242M
- Union Bank and Trust Company Minneapolis, MN · $253M
- VisionBank Saint Louis Park, MN · $254M
Questions about Drake Bank
How big is Drake Bank?
Drake Bank, established in 2002, is headquartered in Saint Paul, MN. It reported $247M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Drake Bank's return on assets?
-1.24% annualized in Q2 2026, against a 1.32% median for 99 MN banks with half to twice its assets, ahead of 1% of them.
What is Drake Bank's efficiency ratio?
77.75% in Q2 2026: it spent about 78 cents in noninterest expense for each dollar of revenue. The peer median is 61.83%, and lower is better.
Is Drake Bank growing its loans?
Net loans shrank 12.6% over the year to Q2 2026, while deposits shrank 9.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.