🏦Bank Scorer

This institution is no longer active

Operations ceased on April 19, 2024. CRA examination history below reflects the period it was active.

FLAGSHIP BANK MINNESOTA

WAYZATA, MN · Supervised by FDIC

Est. 1875FDIC #8,188RSSD: FDIC-8188
Part ofFLAGSHIP FINANCIAL GROUP INC→ View all charters
Satisfactory Same

Current rating · Exam: October 2021

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.09%

Institution Profile

FDIC BankFind

Address

1415 Wayzata Blvd, WAYZATA, MN

County

Hennepin County

Established

January 1, 1875

Total Assets

$332M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

October 1, 2021

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Oct 2026(based on asset size)

Financial Snapshot

As of Q1 2024Call Report / FDIC

Total Assets

$332M

Total Deposits

$297M

Net Loans

$286M

Net Income

$897K

ROA

1.09%

ROE

10.94%

Risk-Based Capital

14.92%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate8.13%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
202312385.37%8.13%
202213187.02%7.63%
201911088.18%1.82%
20189589.47%6.32%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

8 previous ratings locked — dating back to 1990

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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