Ultima Bank Minnesota

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.51%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.65%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.35%	Savings	Regular Saving Account 1.20% - Goldman Sachs Bank USA Online Savings

View all Ultima Bank Minnesota rates »

Overview / Commentary

www.ultimabank.com

800-421-2588

9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in Winger and is the 107^th largest bank in the state of Minnesota. It is also the 3,389^th largest bank in the nation. It was established in 1904 and as of March of 2017, it had grown to 42 employees at 4 locations. Ultima Bank Minnesota's savings rates are 92% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	8867
Year Established	1904
Employees	42
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.14%
Return on Equity - YTD	22.21%
Annual Interest Income	$2.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$164.0MM$160.1MM
Loans	Q1 2017vs Q1 2016	$155.3MM$150.8MM
Deposits	Q1 2017vs Q1 2016	$144.6MM$141.6MM
Equity Capital	Q1 2017vs Q1 2016	$16.4MM$15.6MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$2.3MM$1.9MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.6MM$643.00K
Real Estate Owned	Q1 2017vs Q1 2016	$157.00K$6.00K

Rates

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Money Market
Checking
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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
2.02%	-	-	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
1.00%	$1k	-	UBM Direct Saving Account
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
0.75%^*	$500k^*	-	Liquid Assets Checking Account
OTHER TIERS: 0.25% → $10k - $50k \| 0.50% → $50k - $100k \| 0.55% → $100k - $250k \| 0.65% → $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
1.51%	$1k	-	60 Month CD
1.30%	$1k	-	36 Month Special CD
1.25%	$1k	-	48 Month CD
1.00%	$1k	-	36 Month CD
1.00%	$1k	-	12 Month Special CD
0.80%	$1k	-	24 Month CD
0.70%	$1k	-	18 Month CD
0.65%	$1k	-	12 Month CD
0.30%	$1k	-	9 Month CD
0.25%	$1k	-	6 Month CD
0.20%	$1k	-	3 Month CD

Ultima Bank Minnesota IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%	$1k	-	60 Month IRA
1.35%	$1k	-	48 Month IRA
1.10%	$1k	-	36 Month IRA
0.90%	$1k	-	24 Month IRA
0.75%	$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