Ultima Bank Minnesota: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Cost of borrowings climbed 1.00 percentage points in Q2 2026, from 2.13% to 3.14%. It was the largest change from Q1 2026 among the key lines here. Among 221 Minnesota banks, Ultima Bank Minnesota sits 12th from the top on net interest margin, 5.12% as of Q2 2026. Ultima Bank Minnesota reported 5.12% on net interest margin for Q2 2026, 1.17 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 7.49% |
| Yield on loans | 7.56% |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.59% |
| Cost of interest-bearing deposits | 3.16% |
| Cost of interest-bearing liabilities | 3.13% |
| Cost of borrowings | 3.14% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 5.12% |
| Yield to cost spread | 4.36% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.8M |
| Total interest expense | $1.9M |
| Interest expense on deposits | $1.8M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans |
|---|---|---|---|---|
| Q3 2023 | 7.01% | 2.48% | 4.76% | 7.41% |
| Q4 2023 | 7.63% | 2.54% | 5.28% | 7.54% |
| Q1 2024 | 7.74% | 2.74% | 5.18% | 7.76% |
| Q2 2024 | 7.85% | 3.00% | 5.08% | 7.97% |
| Q3 2024 | 7.87% | 3.05% | 5.09% | 7.92% |
| Q4 2024 | 7.68% | 2.85% | 5.06% | 7.66% |
| Q1 2025 | 7.83% | 2.72% | 5.33% | 7.89% |
| Q2 2025 | 7.77% | 2.86% | 5.15% | 7.86% |
| Q3 2025 | 7.86% | 2.92% | 5.16% | 7.96% |
| Q4 2025 | 7.67% | 2.79% | 5.08% | 7.73% |
| Q1 2026 | 7.49% | 2.60% | 5.09% | 7.62% |
| Q2 2026 | 7.49% | 2.59% | 5.12% | 7.56% |
Ultima Bank Minnesota yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Ultima Bank Minnesota, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Ultima Bank Minnesota profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8867) · FFIEC NIC profile (RSSD 225157)