United Minnesota Bank

Overview / Commentary
105 Central Avenue
New London, MN 56273

United Minnesota Bank is headquartered in New London and is the 238th largest bank in the state of Minnesota. It is also the 4,679th largest bank in the nation. It was established in 1890 and as of September of 2021, it had grown to 7 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 - YTD1.11%
Return on Equity - YTD18.05%
Annual Interest Income$980.00K
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$44.9MM$39.8MM
LoansQ3 2021vs Q3 2020$29.1MM$26.7MM
DepositsQ3 2021vs Q3 2020$42.0MM$37.1MM
Equity CapitalQ3 2021vs Q3 2020$2.8MM$2.6MM
Loan Loss AllowanceQ3 2021vs Q3 2020$186.00K$175.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$0$0
Real Estate OwnedQ3 2021vs Q3 2020$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.

United Minnesota Bank Savings Account Rates

0.07%$50-Health Savings Account
0.06%$10-Savings Account
0.06%$50-Adult Savings Account

United Minnesota Bank Money Market Rates

0.07%*$100k*-Platinum Money Market
OTHER TIERS: 0.03% $2.5k - $10k | 0.04% $10k - $25k | 0.05% $25k - $50k | 0.06% $50k - $100k

United Minnesota Bank Checking Account Rates

0.05%--Liquidity Checking
0.04%$300-MN Classic 50

United Minnesota Bank CD Rates

0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.50%$500-36 Month CD
0.45%$500-24 Month CD
0.40%$500-18 Month CD
0.20%$500-12 Month CD
0.13%$1k-182 Day CD
0.09%$1k-91 Day CD

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

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