Ultima Bank Minnesota is headquartered in Winger and is the 105th largest bank in the state of Minnesota. It is also the 3,080th largest bank in the nation. It was established in 1904 and as of December of 2020, it had grown to 45 employees at 5 locations. Ultima Bank Minnesota's savings rates are 15% higher than the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 8867 |
Year Established | 1904 |
Employees | 45 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 2.13% |
Return on Equity - YTD | 20.82% |
Annual Interest Income | $11.8MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $196.6MM$188.7MM |
Loans | Q4 2020vs Q4 2019 | $183.1MM$177.3MM |
Deposits | Q4 2020vs Q4 2019 | $173.1MM$157.0MM |
Equity Capital | Q4 2020vs Q4 2019 | $20.0MM$18.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.3MM$2.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $290.00K$432.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $145.00K$312.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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1.00% | $1k | - | 60 Month IRA | |
0.95% | $1k | - | 48 Month IRA | |
0.90% | $1k | - | 36 Month IRA | |
0.75% | $1k | - | 24 Month IRA | |
0.65% | $1k | - | 12 Month IRA |
Ultima Bank Minnesota Locations | ||
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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 |