Ultima Bank Minnesota


Overview / Commentary
218-435-2265
9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in WINGER and is the 84th largest bank in the state of Minnesota. It is also the 2,486th largest bank in the nation. It was established in 1904 and as of March of 2025, it had grown to 50 employees at 6 locations. Ultima Bank Minnesota has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8867
Year Established1904
Employees50
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.33%
Return on Equity - YTD21.96%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$302.3MM$272.6MM
LoansQ1 2025vs Q1 2024$278.4MM$251.7MM
DepositsQ1 2025vs Q1 2024$262.4MM$235.4MM
Equity CapitalQ1 2025vs Q1 2024$32.3MM$26.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2.6MM$2.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$7K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Ultima Bank Minnesota Locations
Plummer Branch101 Central Ave EPlummer, MN 56748
Bemidji Branch101 Shevlin Avenue SwBemidji, MN 56601
Fosston Branch603 Hilligoss BoulevardFosston, MN 56542
Ultima Bank Minnesota9 W Minnesota AveWinger, MN 56592
East Grand Forks Branch205 Demers AvenueEast Grand Forks, MN 56721

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