United Minnesota Bank


Overview / Commentary
320-354-2277
105 Central Avenue
New London, MN 56273

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.

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Health
C+
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

Overall
FDIC Certificate #10567
Year Established1890
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD26.55%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$48.9MM$49.4MM
LoansQ3 2024vs Q3 2023$32.7MM$30.4MM
DepositsQ3 2024vs Q3 2023$44.7MM$45.6MM
Equity CapitalQ3 2024vs Q3 2023$4MM$3.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$262K$217K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$301K$306K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not United Minnesota Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$10-Savings Account
0.20%$50-Health Savings Account
0.20%$0-Looney Tunes Savings Account

United Minnesota Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$200k*-Platinum Money Market
OTHER TIERS: 0.75% $2.5k - $25k | 0.95% $25k - $75k | 1.05% $75k - $200k

United Minnesota Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Liquidity Checking
0.04%$300-MN Classic 50

United Minnesota Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


United Minnesota Bank Locations
United Minnesota Bank105 Central Ave ENew London, MN 56273

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