Ultima Bank Minnesota
BankRegReports is independent of Ultima Bank Minnesota and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Ultima Bank Minnesota is an FDIC-insured commercial bank headquartered in Winger, MN, established in 1904 (FDIC certificate 8867), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $333.9M, up 7.5% from Q2 2025, the 79th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.83% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8867
- Headquarters
- Winger, MN
- Established
- 1904
- Total assets, Q2 2026
- $333.9M
- Assets vs Q2 2025
- +7.5%
- Tier 1 leverage ratio, Q2 2026
- 10.83%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 091209933
- Latest call report
- Q2 2026, FFIEC 051 · Ultima Bank Minnesota call report
- Holding company
- FINANCIAL SERVICES OF WINGER, INC.
- Asset rank in state
- 79th of 221 in Minnesota
Ultima Bank Minnesota earns an unusually wide margin on its lending. Its balance sheet stood at $334 million at June 30, 2026, up 7.5% from a year earlier; it is based in Winger, Minnesota. It keeps 5.12 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it pays an average of 2.59% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Net income for the quarter slipped 12% from a year earlier, to $1.5 million.
As of June 30, 2026, Ultima Bank Minnesota reported a return on assets of 1.91%, a nonperforming-loan ratio of 0.62% and a Texas ratio of 5.17%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Ultima Bank Minnesota is the 79th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.7% to $333.9M, loans rose 5.2% and deposits fell 1.2%. Agricultural production loans made up 30.4% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 27.5%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in MN; its Fosston office books 40% of its branch deposits. By the capital ratios in its Q2 2026 call report, Ultima Bank Minnesota meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 9 W Minnesota Ave, Winger, MN 56592
- County
- Polk
- Metro Area
- Grand Forks, ND-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1904
- Former names
- Farmers State Bank of Fosston - Winger (1994-1999)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 55
- Domestic deposits
- $277.3M
- Allowance for credit losses
- $2.8M
- Net charge-offs (YTD)
- $7K
- Average total assets
- $323.3M
- Average total loans
- $305.4M
- Average interest-bearing deposits
- $230.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8867
- Fed RSSD
- 225157
- Website
- www.ultima.bank →
- Parent Holding Company
- FINANCIAL SERVICES OF WINGER, INC. (RSSD 1127276)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Ultima Bank Minnesota reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Ultima Bank Minnesota's total assets moved between a low of $266.0M (Q3 2023) and a high of $333.9M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$333.9M total assets against $310.6M; $298.4M total liabilities against $277.0M.
$311.2M net loans and leases against $289.7M; $277.3M total deposits against $260.5M.
$126K securities against $152K; $13.9M cash and balances due against $12.2M.
$5.9M total interest income against $5.7M; $1.9M total interest expense against $1.9M.
$4.0M net interest income against $3.8M.
$223K total noninterest income against $200K; $2.5M total noninterest expense against $2.0M.
$105K provision for credit losses against $53K.
$1.5M net income against $1.8M.
1.91% return on assets against 2.31%; 5.12% net interest margin against 5.15%.
10.83% tier 1 leverage ratio against 10.86%.
Inside the full Ultima Bank Minnesota terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Ultima Bank Minnesota rankings
Its closest position to the top of a national ranking is 609 of 3,611, for ROA; its furthest is 2,307 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.65% (Q1 2026) to 2.36% (Q1 2025) and its net interest margin ran from 5.06% (Q4 2024) to 5.33% (Q1 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.83% | 1.91% | 0.62% | 5.17% | 5.12% |
| Q1 2026 | 10.73% | 1.65% | 0.18% | 1.51% | 5.09% |
| Q4 2025 | 11.14% | 1.71% | 0.21% | 1.61% | 5.08% |
| Q3 2025 | 10.94% | 2.25% | 0.26% | 1.89% | 5.16% |
| Q2 2025 | 10.86% | 2.31% | 0.80% | 5.82% | 5.15% |
| Q1 2025 | 10.80% | 2.36% | 0.08% | 0.06% | 5.33% |
| Q4 2024 | 10.24% | 1.82% | 0.16% | 0.21% | 5.06% |
| Q3 2024 | 10.79% | 2.28% | 0.20% | 0.38% | 5.09% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Fosston Branch | Fosston , MN | 56542 | $111.8M |
| Ultima Bank Minnesota (main office) | Winger , MN | 56592 | $68.7M |
| Bemidji Branch | Bemidji , MN | 56601 | $47.2M |
| Plummer Branch | Plummer , MN | 56748 | $26.4M |
| Gary Branch | Gary , MN | 56545 | $17.8M |
| East Grand Forks Branch | East Grand Forks , MN | 56721 | $5.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 27, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 27, 2023 | Structure Change | Acquired The Gary State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 112 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 29 applications, 28 loans originated, $4.0M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $1.1M approved, $217K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Ultima Bank Minnesota’s latest filed figures and updates each quarter.
Similar banks
Compare Ultima Bank Minnesota with peers
Frequently asked about Ultima Bank Minnesota
What are Ultima Bank Minnesota's total assets?
As of the Q2 2026 filing, Ultima Bank Minnesota reported total assets of $333.9 million in its FFIEC call report.
Where is Ultima Bank Minnesota headquartered?
It is headquartered in Winger, MN, United States.
When was Ultima Bank Minnesota founded?
It was established in 1904, per the FDIC institution directory.
Is Ultima Bank Minnesota FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8867). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Ultima Bank Minnesota?
Ultima Bank Minnesota's primary federal regulator is the FDIC.
How many branches does Ultima Bank Minnesota operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Ultima Bank Minnesota's Texas Ratio?
Its Texas Ratio is 5.17% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Ultima Bank Minnesota previously called?
The charter now named Ultima Bank Minnesota has also operated as Farmers State Bank of Fosston - Winger (1994-1999), per FDIC structure-change records.
Go deeper on Ultima Bank Minnesota.
Get an email when Ultima Bank Minnesota files its next call report, and benchmark it against any peer you choose.
Unlock Ultima Bank Minnesota, freeFree account