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Ultima Bank Minnesota

$100M-$1B Specialty: Agricultural MN FDIC cert 8867

Winger, MN

6 branches across MN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +6.4% year over year ($277.3M on the books).
  • Delinquency rate 0.63%.
  • Return on assets 1.76%.
  • Efficiency ratio 58.09% vs a 64.48% peer average.
  • Loan-to-deposit ratio 112.25% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

Ultima Bank Minnesota has 4 strengths but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Net Interest Margin 1.11% above tier average
  • + ROA 0.43% above tier average
  • + Efficiency Ratio 6.39% below tier average
  • + Delinquency Rate 0.29% below tier average

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 45.6% in tier
  • - Cost Spiral: Bottom 51.5% in tier
  • - Loan-to-Deposit Ratio 34.30% above tier average
Get updates when Ultima Bank Minnesota releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $333.9M
+7.5% YoY +4.7% QoQ
-$52.7M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
52%
Total Loans ? $311.2M
+7.4% YoY +5.2% QoQ
+$52.9M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
69%
Total Deposits ? $277.3M
+6.4% YoY -1.2% QoQ
-$49.4M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
51%
Return on Assets ? 1.76%
-24.0% YoY +7.5% QoQ
+0.43% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
78%
Net Interest Margin ? 5.09%
-3.5% YoY +0.5% QoQ
+1.11% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
Top 6.9% in tier
Efficiency Ratio ? 58.09%
+18.9% YoY +1.9% QoQ
-6.39% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
63%
Delinquency Rate ? 0.63%
-21.7% YoY +237.5% QoQ
-0.29% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
41%
Loan-to-Deposit Ratio ? 112.25%
+0.9% YoY +6.5% QoQ
+34.30% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
Bottom 2.3% in tier
Non-Interest-Bearing Deposit Share ? 18.37%
+11.6% YoY +2.5% QoQ
-3.66% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
38%
Nonperforming Asset Ratio ? 0.59%
-21.8% YoY +239.2% QoQ
-0.08% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
35%
Tier 1 Capital Ratio ? 10.83%
-0.3% YoY +1.0% QoQ
-5.08% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
21%
Non-Interest Income / Assets ? 0.12%
-0.7% YoY +110.1% QoQ
-0.44% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
26%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 18.4%
+1.9pp YoY
+0.4pp QoQ
 -3.8pp 22.1% 21.9% 22.2% 38%
Brokered Deposits 10.9%
-0.9pp YoY
+0.2pp QoQ
 +3.1pp 7.9% 8.3% 8.5% 77%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 13.5%
+0.5pp YoY
+0.6pp QoQ
 +2.0pp 11.6% 14.6% 12.5% 70%
CRE 19.2%
+0.4pp YoY
-0.2pp QoQ
 -20.3pp 39.5% 36.5% 41.4% 16%
1-4 Family 8.1%
-0.4pp YoY
-0.7pp QoQ
 -24.6pp 32.6% 29.4% 31.3% 8%
Consumer 1.6%
-0.5pp YoY
-0.1pp QoQ
 -2.5pp 4.1% 4.5% 5.0% 41%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio n/a n/a 18.8% 16.5% 19.7% n/a
Leverage Ratio 10.8%
0.0pp YoY
+0.1pp QoQ
 -1.3pp 12.2% 11.0% 12.6% 47%
Total Capital Ratio n/a n/a 19.9% 17.6% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 55
+3 (+5.8%) YoY
+2 (+3.8%) QoQ
 -4 58 55 482 58%
Assets per Employee ($) $6.1M
+1.6% YoY
+0.8% QoQ
 -$1.4M $7.5M $8.6M $8.8M 35%
Branch Count 6
0 YoY
0 QoQ
 +1 4 4 18 66%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days 0.0%
-0.5pp YoY
0.0pp QoQ
 -0.3pp 0.3% 0.4% 0.4% 28%
Nonaccrual 0.6%
+0.3pp YoY
+0.5pp QoQ
 -0.3pp 0.9% 1.0% 1.0% 58%
Allowance Coverage 1.46x
+29.0% YoY
-71.0% QoQ
 -22.70x 24.15x 20.41x 20.23x 38%
Net Charge-off Rate (YTD) 0.0%
0.0pp QoQ
 -0.1pp 0.1% 0.2% 0.2% 38%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 16.1%
-5.5pp YoY
+1.3pp QoQ
 +4.0pp 12.2% 13.1% 11.6% 74%
Cost of Funds (YTD) 2.4%
-0.2pp YoY
0.0pp QoQ
 +0.7pp 1.7% 1.7% 1.7% 87%
Net Income ($, YTD) $2.8M
-18.5% YoY
— QoQ
 +$285K $2.6M $4.5M $40.4M 68%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

Margin Compression

decline
#141 of 307 • Bottom 45.6% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 1.76%
(Tier: 1.32%, National: 1.30%)
better than tier avg
307 of 307 Community banks match · 413 nationally
→ Stable +8 banks QoQ | QoQ rank declining

Cost Spiral

risk
#72 of 138 • Bottom 51.5% in tier

Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.

Why this signature
Efficiency Ratio: 58.09%
(Tier: 64.48%, National: 70.05%)
better than tier avg
138 of 138 Community banks match · 184 nationally
→ Stable +9 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (2 metrics)

184
Net Interest Margin
profitability
Value: 5.09%
Peer Median: 3.99%
#184 of 2643 Top 6.9% in $100M-$1B
575
Return on Assets
profitability
Value: 1.76%
Peer Median: 1.32%
#575 of 2643 Top 21.7% in $100M-$1B

Top Weaknesses (2 metrics)

2584
Loan-to-Deposit Ratio
liquidity
Value: 112.25%
Peer Median: 77.95%
#2584 of 2643 Bottom 2.3% in $100M-$1B
2089
Tier 1 Capital Ratio
capital
Value: 10.83%
Peer Median: 15.91%
#2089 of 2643 Bottom 21.0% in $100M-$1B
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