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Flagship Bank Minnesota, Financial Information

About Flagship Bank Minnesota

 Address:
1415 Wayzata Boulevard East
Wayzata, MN
Hennepin County, Minnesota
 Established:
Jan 1875
 Number of domestic offices:
6
Total assets$292M
Net income$3M
Net income, quarterly$1M
Total deposits$257M
Domestic deposits$257M
Equity capital$27M
ROA1.15%
ROAQ, quarterly1.26%
ROA, pretax1.26%
ROAQ, quarterly, pretax1.78%
ROE12.51%
ROEQ, quarterly14.45%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Flagship Bank, formerly Community Bank Minnesota Valley, served a number of cities in greater Minnesota since 1983. In 2003, the bank expanded into Eden Prairie and Wayzata quickly becoming recognized as a banking leader in the Western suburbs.

Wayzata office is located on the corner of Lake Street and Minnetonka Avenue just a block west of downtown Wayzata across from Lake Minnetonka. Eden Prairie is located at I494 just off of Valley View Road.

Wayzata
445 East Lake Street,
Suite 110
Wayzata, MN 55391-1670
Phone: 952.473.1959
Fax: 952.473.1969

Eden Prairie
7525 Office Ridge Circle
Eden Prairie, MN 55344-3644
Phone: 952.944.6050
Fax: 952.944.3787

Historical Data