TellerScore

Ultima Bank Minnesota is a state-chartered bank headquartered in Winger, Minnesota, in business for about 122 years. At the end of Q2 2026 it reported $333.9M in total assets and $277.3M in deposits, with 6 offices.

Ultima Bank Minnesota has a TellerScore of 72 out of 100 (strong) based on Q2 2026 data — higher than 50% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 88th. Earnings contributes the most (90/100, 1.76%); funding & liquidity contributes the least (50/100, 112% loans-to-deposits, 11% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion58/100
Tier 1 leverage ratio: 10.83%
Loan quality79/100
Noncurrent loans ÷ total loans: 0.62%
Earnings90/100
Return on assets (annualized): 1.76%
Funding & liquidity50/100
Loans ÷ deposits and uninsured-deposit share: 112.2% · 10.7% uninsured
Problem-loan coverage90/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 5.11%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (72 → 72).

TellerScore
727680Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202476
Q3 202477
Q4 202476
Q1 202580
Q2 202572
Q3 202578
Q4 202580
Q1 202676
Q2 202672
Tier 1 leverage ratio
5.00%8.07%11.14%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.71%
Q3 202410.79%
Q4 202410.24%
Q1 202510.80%
Q2 202510.86%
Q3 202510.94%
Q4 202511.14%
Q1 202610.73%
Q2 202610.83%
Noncurrent loans
0.08%0.44%0.80%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.24%
Q3 20240.20%
Q4 20240.16%
Q1 20250.08%
Q2 20250.80%
Q3 20250.26%
Q4 20250.21%
Q1 20260.18%
Q2 20260.62%
Return on assets
1.63%1.98%2.33%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20242.29%
Q3 20242.30%
Q4 20242.18%
Q1 20252.33%
Q2 20252.31%
Q3 20252.29%
Q4 20252.14%
Q1 20261.63%
Q2 20261.76%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202672$333.9M10.83%0.62%1.76%112.2%
Q1 202676$319.1M10.73%0.18%1.63%105.4%
Q4 202580$317.2M11.14%0.21%2.14%104.3%
Q3 202578$318.5M10.94%0.26%2.29%108.7%
Q2 202572$310.6M10.86%0.80%2.31%111.2%
Q1 202580$302.3M10.80%0.08%2.33%106.1%
Q4 202476$291.2M10.24%0.16%2.18%107.6%
Q3 202477$292.6M10.79%0.20%2.30%105.2%
Q2 202476$291.3M10.71%0.24%2.29%111.0%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio10.83%
47th
Total risk-based capital0.00%
24th
Problem loans0.62%
40th
Net charge-offs0.00%
52nd
Return on assets1.76%
78th
Net interest margin5.09%
93rd
Efficiency ratio58.1%
63rd
Loans to deposits112.2%
2nd
Uninsured deposits10.7%
92nd
Loan-loss reserves0.91%
18th
Texas ratio5.1%
35th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Reliance BankBank Faribault, MN65 out of 100, Moderate$334.1M9.0%0.25%vs
Farmers and Merchants State Bank of PierzBank Pierz, MN69 out of 100, Moderate$336.2M9.3%1.03%vs
Woodlands National BankBank Hinckley, MN62 out of 100, Moderate$331.0M11.2%1.42%vs
Viking Bank, National AssociationBank Alexandria, MN70 out of 100, Strong$330.3M9.2%0.53%vs
The State Bank of FaribaultBank Faribault, MN71 out of 100, Strong$329.2M9.3%0.13%vs
Citizens Bank & Trust Co.Bank Hutchinson, MN69 out of 100, Moderate$329.0M8.6%0.26%vs

Deposit insurance

Is my money safe at Ultima Bank Minnesota?

Yes. Ultima Bank Minnesota is an FDIC-insured institution (FDIC certificate #8867). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 10.7% of deposits ($29.5M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.83%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

6 locations

Branches

Ultima Bank Minnesota lists 6 offices in 6 cities. Most locations:

  • Bemidji, MN (1)
  • East Grand Forks, MN (1)
  • Fosston, MN (1)
  • Gary, MN (1)
  • Plummer, MN (1)
  • Winger, MN (1)

All branch addresses and map

Identity & history

Profile

Legal name
Ultima Bank Minnesota
Former names
Farmers State Bank of Winger; Farmers State Bank of Fosston - Winger
Type
State-chartered bank
FDIC certificate #
8867
RSSD ID
225157
Primary regulator
FDIC
Holding company
Financial Services Winger Inc
Established
January 1, 1904
Headquarters
9 W Minnesota Ave, Winger, MN 56592
Employees
55

Quick answers

Ultima Bank Minnesota: common questions

Is Ultima Bank Minnesota FDIC insured?

Yes. Ultima Bank Minnesota is an FDIC-insured institution (FDIC certificate #8867). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Ultima Bank Minnesota's TellerScore?

72 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Ultima Bank Minnesota ever failed?

There is no failure record for FDIC certificate #8867 in the FDIC failed bank list.

How many branches does Ultima Bank Minnesota have?

6 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Winger

InstitutionScoreAssetsCapitalProblem loansCompare
The First National Bank of McIntoshBank Mcintosh, MN86 out of 100, Very strong$47.0M20.2%1.16%vs
American State Bank of GryglaBank Grygla, MN83 out of 100, Strong$81.8M10.8%0.00%vs
United Valley BankBank Cavalier, ND72 out of 100, Strong$751.6M10.5%0.13%vs
American Federal BankBank Fargo, ND66 out of 100, Moderate$795.8M9.3%0.00%vs
The First National Bank of BagleyBank Bagley, MN60 out of 100, Moderate$129.2M7.9%1.02%vs
Red River State BankBank Halstad, MN59 out of 100, Moderate$110.2M15.2%8.88%vs