Ultima Bank Minnesota

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.76%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
0.75%	1-year CD	12 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD
0.35%	Savings	Regular Saving Account 1.30% - Nationwide Bank Online Savings Account

View all Ultima Bank Minnesota rates »

Overview / Commentary

www.ultimabank.com

218-938-4144

9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in Winger and is the 110^th largest bank in the state of Minnesota. It is also the 3,350^th largest bank in the nation. It was established in 1904 and as of December of 2017, it had grown to 40 employees at 4 locations. Ultima Bank Minnesota's savings rates are 3X the national average, and it has a B health rating.

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Health

B

Data as of Q4 2017

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Health Grade Components

Overall
FDIC Certificate #	8867
Year Established	1904
Employees	40
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.28%
Return on Equity - YTD	22.9%
Annual Interest Income	$9.6MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$163.0MM$166.7MM
Loans	Q4 2017vs Q4 2016	$154.8MM$158.4MM
Deposits	Q4 2017vs Q4 2016	$135.9MM$148.6MM
Equity Capital	Q4 2017vs Q4 2016	$16.7MM$15.5MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$2.0MM$2.2MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$1.9MM$902.00K
Real Estate Owned	Q4 2017vs Q4 2016	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ultima Bank Minnesota Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.28%	-	-	SMART Saving Account
1.46%^*	$100k^*	-	IRA Savings
OTHER TIERS: 0.45% → Up to $10k \| 0.70% → $10k - $25k \| 0.95% → $25k - $50k \| 1.10% → $50k - $75k \| 1.26% → $75k - $100k
1.31%^*	$500k^*	-	UBM Direct Saving Account
OTHER TIERS: 1.16% → $1k - $500k
0.75%^*	$100k^*	-	Ultima Saving Account
OTHER TIERS: 0.40% → $10k - $25k \| 0.50% → $25k - $50k \| 0.55% → $50k - $75k \| 0.65% → $75k - $100k
0.65%	-	-	Health Savings Account
0.35%	-	-	Regular Saving Account
0.25%	-	-	Christmas Club Account

Ultima Bank Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*	$75k^*	-	Money Market Saving Account
OTHER TIERS: 0.35% → $2,500 - $10k \| 0.40% → $10k - $25k \| 0.45% → $25k - $50k \| 0.50% → $50k - $75k
0.50%^*	$75k^*	-	Money Market Checking Account
OTHER TIERS: 0.30% → $1k - $10k \| 0.35% → $10k - $25k \| 0.40% → $25k - $50k \| 0.45% → $50k - $75k

Ultima Bank Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%^*	$500k^*	-	Liquid Assets Checking Account
OTHER TIERS: 0.50% → $10k - $50k \| 0.75% → $50k - $100k \| 0.90% → $100k - $250k \| 1.00% → $250k - $500k
0.70%^*	$100k^*	-	Ultima Checking Account
OTHER TIERS: 0.35% → $10k - $25k \| 0.45% → $25k - $50k \| 0.50% → $50k - $75k \| 0.60% → $75k - $100k
0.30%	$500	-	NOW Account

Ultima Bank Minnesota CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.80%	$1k	-	36 Month Special CD with active checking
1.76%	$1k	-	60 Month CD
1.55%	$1k	-	36 Month Special CD without active checking
1.55%	$1k	-	24 Month Special CD with active checking
1.51%	$1k	-	48 Month CD
1.40%	$1k	-	12 Month Special CD with active checking
1.30%	$1k	-	24 Month Special CD without active checking
1.25%	$1k	-	36 Month CD
1.15%	$1k	-	12 Month Special CD without active checking
1.00%	$1k	-	24 Month CD
0.75%	$1k	-	12 Month CD
0.75%	$1k	-	18 Month CD
0.60%	$1k	-	9 Month CD
0.50%	$1k	-	6 Month CD
0.25%	$1k	-	3 Month CD

Ultima Bank Minnesota IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.86%	$1k	-	60 Month IRA
1.61%	$1k	-	48 Month IRA
1.35%	$1k	-	36 Month IRA
1.10%	$1k	-	24 Month IRA
0.85%	$1k	-	12 Month IRA

Locations

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

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