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Overview / Commentary
218-938-4144
9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in Winger and is the 110th largest bank in the state of Minnesota. It is also the 3,350th 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

Health Grade Components

Overall
FDIC Certificate #8867
Year Established1904
Employees40
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.28%
Return on Equity - YTD22.9%
Annual Interest Income$9.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$163.0MM$166.7MM
LoansQ4 2017vs Q4 2016$154.8MM$158.4MM
DepositsQ4 2017vs Q4 2016$135.9MM$148.6MM
Equity CapitalQ4 2017vs Q4 2016$16.7MM$15.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.0MM$2.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.9MM$902.00K
Real Estate OwnedQ4 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 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

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