United Minnesota Bank

Overview / Commentary
105 Central Avenue
New London, MN 56273

United Minnesota Bank is headquartered in New London and is the 251st largest bank in the state of Minnesota. It is also the 4,865th largest bank in the nation. It was established in 1890 and as of June of 2020, it had grown to 8 employees at 1 location. United Minnesota Bank has a B health rating.


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Additional 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

FDIC Certificate #10567
Year Established1890
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD22.05%
Annual Interest Income$733.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$37.2MM$30.9MM
LoansQ2 2020vs Q2 2019$26.3MM$25.0MM
DepositsQ2 2020vs Q2 2019$34.5MM$28.4MM
Equity CapitalQ2 2020vs Q2 2019$2.5MM$2.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$213.00K$262.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$38.00K$49.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$127.00K
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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

0.07%$10-Savings Account
0.07%$50-Adult Savings Account
0.07%$50-Health Savings Account

United Minnesota Bank Money Market Rates

0.09%*$100k*-Platinum Money Market
OTHER TIERS: 0.05% $2.5k - $10k | 0.06% $10k - $25k | 0.07% $25k - $50k | 0.08% $50k - $100k

United Minnesota Bank Checking Account Rates

0.20%--Liquidity Checking
0.05%$300-MN Classic 50

United Minnesota Bank CD Rates

1.25%$500-60 Month CD
1.10%$500-48 Month CD
0.75%$500-36 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$1k-182 Day CD
0.15%$1k-91 Day CD

United Minnesota Bank Locations
United Minnesota Bank105 Central AvenueNew London, MN 56273

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