Ultima Bank Minnesota is headquartered in WINGER and is the 104th largest bank in the state of Minnesota. It is also the 2,930th largest bank in the nation. It was established in 1904 and as of March of 2023, it had grown to 43 employees at 5 locations. Ultima Bank Minnesota has a B+ health rating.
Overall | |
---|---|
FDIC Certificate # | 8867 |
Year Established | 1904 |
Employees | 43 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 2.64% |
Return on Equity - YTD | 23.64% |
Annual Interest Income | $3.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $217.6MM$211.8MM |
Loans | Q1 2023vs Q1 2022 | $199.1MM$186.9MM |
Deposits | Q1 2023vs Q1 2022 | $189.8MM$187.1MM |
Equity Capital | Q1 2023vs Q1 2022 | $24.9MM$22.8MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $2.4MM$2.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $0$0 |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$111.00K |
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 |