Ultima Bank Minnesota is headquartered in Winger and is the 104th largest bank in the state of Minnesota. It is also the 3,011th largest bank in the nation. It was established in 1904 and as of June of 2022, it had grown to 44 employees at 5 locations. Ultima Bank Minnesota has an A+ health rating.
Overall | |
---|---|
FDIC Certificate # | 8867 |
Year Established | 1904 |
Employees | 44 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.79% |
Return on Equity - YTD | 16.63% |
Annual Interest Income | $5.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $212.8MM$211.5MM |
Loans | Q2 2022vs Q2 2021 | $195.6MM$191.4MM |
Deposits | Q2 2022vs Q2 2021 | $183.2MM$180.2MM |
Equity Capital | Q2 2022vs Q2 2021 | $23.3MM$23.2MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.4MM$2.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $195.00K$2.8MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $111.00K$0 |
Rates for Ultima Bank Minnesota are currently being reviewed.
Ultima Bank Minnesota Locations | ||
---|---|---|
Plummer Branch | 101 Central Ave E | Plummer, MN 56748 |
Bemidji Branch | 101 Shevlin Avenue Sw | Bemidji, MN 56601 |
Fosston Branch | 603 Hilligoss Boulevard | Fosston, MN 56542 |
Ultima Bank Minnesota | 9 W Minnesota Ave | Winger, MN 56592 |
East Grand Forks Branch | 205 Demers Avenue | East Grand Forks, MN 56721 |