Ultima Bank Minnesota
Winger, MN
IDRSSD: 225157
Total Assets
$318.50M
Latest filing
Total Deposits
$273.82M
Latest filing
Net Interest Margin
5.21%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Ultima Bank Minnesota
9 W Minnesota Ave
Winger, MN 56592
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1904FDIC Certificate 5661
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Ultima Bank Minnesota (Main) | 9 W Minnesota Ave | Winger, MN |
| GARY BRANCH | 112 Main St | Gary, MN |
| FOSSTON BRANCH | 603 Hilligoss Blvd Se | Fosston, MN |
| PLUMMER BRANCH | 101 Central Ave E | Plummer, MN |
| BEMIDJI BRANCH | 101 Shevlin Ave Sw | Bemidji, MN |
| EAST GRAND FORKS BRANCH | 205 Demers Ave | East Grand Forks, MN |
Showing 5 of 5
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1904 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56592 |
| State and County Number | 27119 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Grand Forks, ND-MN |
Operational Info
| Number of Employees | 52 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.ultimabank.com |
| Data Updated | 11/14/2025 |
| CERT | 8867 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $318.50M |
| Total Deposits | $273.82M |
| Total Liabilities | $283.61M |
| Total Equity Capital | $34.90M |
| Net Income | $1.76M |
| Net Loans and Leases | $297.53M |
| Assets Per Employee ($Millions) | $6.01M |
| Bank Premises and Fixed Assets | $1.88M |
| Cash and Balances due from Depository Institutions | $11.54M |
| Deposits Held in Domestic Offices | $273.82M |
Key Performance Ratios
| Return on Assets (ROA) | 2.24% |
| Return on Equity (ROE) | 20.58% |
| Net Interest Margin | 5.21% |
| Efficiency Ratio | 51.3% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.07% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.957% |
| Earning Assets to total Assets | 95.36% |
Income and Expense
| Total Interest Income | $5.95M |
| Total Noninterest Income | $241.00k |
| Total Interest Expense | $2.05M |
| Total Noninterest Expense | $2.18M |
| Net Interest Income | $3.90M |
| Pre-tax Net Operating Income | $1.91M |
| Provision for Credit Losses | $53.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $6.81M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.98M |
| Total Liabilities and Capital | $318.50M |
Securities
| Securities | $124.00k |
| Available-for-sale debt securities | $0 |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Ultima Bank Minnesota?
$318.50M as of the latest filing.
How much are Ultima Bank Minnesota's total deposits?
$273.82M in total deposits.
Where is Ultima Bank Minnesota located?
Winger, MN.
What is the Net Interest Margin?
5.21%.
How many domestic offices does it operate?
6.
When was it established?
01/01/1904.
What is the Return on Assets (ROA)?
2.24%.
How much are total loans and leases?
$297.53M (latest filing).
What is the total interest income (latest filing)?
$5.95M.