Community Reinvestment Act
CRA Public File
The regulations of the Community Reinvestment Act (CRA) require banks to maintain a public file. For your convenience, we’ve made our information available online.
Under the federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation (FDIC) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The FDIC also takes this record into account when deciding on certain applications submitted by us.
Your involvement is encouraged.
You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our branches, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the FDIC; and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.
At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Regional Director, Division of Supervision and Consumer Protection (DCP).
Federal Deposit Insurance Corporation
2345 Grand Avenue, Suite 1500
Kansas City, MO 64108
You may send written comments about our performance in helping to meet community credit needs to:
Tegan Dornink
Assistant Vice President / CRA Officer
Drake Bank
60 E Plato Blvd, Suite 100
St. Paul, MN 55107
and to
FDIC Regional Director
1100 Walnut Street, Suite 2100
Kansas City, MO 64106
You may also submit comments electronically through the FDIC website at https://www.fdic.gov/regulations/cra/
Your letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public.
You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of Plato Holdings, Inc., A bank holding company. You may request from the Federal Reserve Bank of Minneapolis, 90 Hennepin Ave, PO Box 291, Minneapolis, Minnesota 55480 an announcement of applications covered by the CRA filed by bank holding companies.
Our Bank’s location, hours, and census tracts
| September 30, 2024 | 88.86% |
| December 31, 2024 | 101.57% |
| March 31, 2025 | 93.14% |
| June 30, 2025 | 93.31% |
| September 30, 2025 | 89.88% |
Our Bank’s financial statement of condition, showing our financial health as of December 31, 2024.
| Assets | |
|---|---|
| Cash and Balances Due From Banks | $4,503,395 |
| Securities | $34,225,371 |
| Federal Funds Sold | $240,000 |
| Net Loans & Leases | $210,862,712 |
| Premises & Fixed Assets | $715,419 |
| Other Real Estate Owned | $0 |
| Other Assets | $2,486,984 |
| TOTAL | $253,033,881 |
| Liabilities | |
|---|---|
| Deposits | $210,287,900 |
| Borrowed Funds | $21,177,604 |
| Other Liabilities | $1,696,876 |
| TOTAL | $233,162,380 |
| Assets | |
|---|---|
| Common Stock | $200,000 |
| Surplus | $18,000,000 |
| Retained Earnings | $4,395,160 |
| AOCI1 | -$2,723,659 |
| TOTAL | $19,871,501 |
| TOTAL LIABILITIES & CAPITAL | $253,033,881 |
All of Drake Bank’s government securities are held available for sale and marked to market monthly.
1 Accumulated Other Comprehensive Income (AOCI) represents designated unrealized profits or losses on items that are placed in the other comprehensive income category.
A listing of our Bank’s product and service offerings.
A map of our Bank’s assessment area showing the boundaries of the area and a list of the census tracts contained in the area.
- There were no written comments or complaints received in the past two years.
As of September 30, 2025.