Overview / Commentary
United Minnesota Bank is headquartered in New London and is the 267th largest bank in the state of Minnesota. It is also the 5,223rd largest bank in the nation. It was established in 1890 and as of December of 2018, it had grown to 8 employees at 1 location. United Minnesota Bank has a B health rating.
Health
B
Data as of Q4 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. United Minnesota Bank has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10567 |
| Year Established | 1890 |
| Employees | 8 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 6.55% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $30.7MM$30.1MM |
| Loans | Q4 2018vs Q4 2017 | $23.8MM$24.5MM |
| Deposits | Q4 2018vs Q4 2017 | $28.3MM$27.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $2.4MM$2.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $262.00K$275.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $79.00K$39.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $127.00K$138.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
United Minnesota Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $10 | - | Savings Account | |
| 0.15% | $50 | - | Adult Savings Account | |
| 0.15% | $50 | - | Health Savings Account | |
| 0.10% | $750 | - | MN Rewards |
United Minnesota Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $100k* | - | Platinum Money Market | ||
| OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | |||||
United Minnesota Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | - | - | Liquidity Checking | |
| 0.10% | $300 | - | MN Classic 50 |
United Minnesota Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 60 Month CD | |
| 1.55% | $500 | - | 48 Month CD | |
| 1.25% | $500 | - | 36 Month CD | |
| 1.00% | $500 | - | 24 Month CD | |
| 0.65% | $500 | - | 12 Month CD | |
| 0.65% | $500 | - | 18 Month CD | |
| 0.45% | $1k | - | 182 Day CD | |
| 0.25% | $1k | - | 91 Day CD |
Locations
| United Minnesota Bank Locations | ||
|---|---|---|
| United Minnesota Bank | 105 Central Avenue | New London, MN 56273 |