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
No
ID
Name
Address
Established
Service Type
Map
0
362102
Drake Bank
60 Plato Boulevard, Suite 100, Saint Paul, MN 55107
May 01, 2002
Full Service Brick and Mortar
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