United Minnesota Bank is headquartered in NEW LONDON and is the 220th largest bank in the state of Minnesota. It is also the 4,296th largest bank in the nation. It was established in 1890 and as of September of 2024, it had grown to 6 employees at 1 location. United Minnesota Bank's money market rates are 3X the national average, and it has a C+ health rating.
Overall | |
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FDIC Certificate # | 10567 |
Year Established | 1890 |
Employees | 6 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.99% |
Return on Equity - YTD | 26.55% |
Annual Interest Income | $1.8MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $48.9MM$49.4MM |
Loans | Q3 2024vs Q3 2023 | $32.7MM$30.4MM |
Deposits | Q3 2024vs Q3 2023 | $44.7MM$45.6MM |
Equity Capital | Q3 2024vs Q3 2023 | $4MM$3.7MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $262K$217K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $301K$306K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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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 |
---|---|---|---|---|
0.20% | $10 | - | Savings Account | |
0.20% | $50 | - | Health Savings Account | |
0.20% | $0 | - | Looney Tunes Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.25%* | $200k* | - | Platinum Money Market | ||
OTHER TIERS: 0.75% → $2.5k - $25k | 0.95% → $25k - $75k | 1.05% → $75k - $200k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $0 | - | Liquidity Checking | |
0.04% | $300 | - | MN Classic 50 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.40% | $500 | - | 60 Month CD | |
1.30% | $500 | - | 48 Month CD | |
1.20% | $500 | - | 36 Month CD | |
1.10% | $500 | - | 24 Month CD | |
1.00% | $500 | - | 18 Month CD | |
0.85% | $500 | - | 12 Month CD | |
0.50% | $1k | - | 182 Day CD | |
0.25% | $1k | - | 91 Day CD |
United Minnesota Bank Locations | ||
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United Minnesota Bank | 105 Central Ave E | New London, MN 56273 |