# ULTIMA BANK MINNESOTA
WINGER, MN · FDIC certificate 8867 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $333.9M | |
| Deposits | $277.3M | |
| Loans and leases | $314.1M | |
| Total equity | $35.5M | |
| Loans / deposits | 112.25% (p98 of band) | 82.04% |
| Liquid assets / assets | 4.19% (p0 of band) | |
| Uninsured deposits / deposits | 10.66% (p5 of band) | 25.97% |
| Brokered deposits | 9.09% | |
| Wholesale funding | 14.37% (p86 of band) | |
| FHLB advances / assets | 3.44% | |
| Tier 1 leverage | 10.83% (p51 of band) | 10.81% |
| Unrealized securities loss / equity | -0.36% (p92 of band) | -8.10% |
| AOCI / equity | 0.00% (p77 of band) | |
| ROA (annualized) | 1.76% (p78 of band) | 1.28% |
| Net interest margin | 5.09% (p94 of band) | 3.91% |
| Efficiency ratio | 58.09% (p40 of band) | |
| Noncurrent loans | 0.62% (p60 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p47 of band) | |
| Reserve coverage of noncurrent | 145.65% | |
| Real estate % of loans | 55% | |
| Construction % of loans | 26.23% (p32 of band) | |
| Auto loans | $1.7M (0.55% of loans; DQ 0.93%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 6.4% | |
| Employees | 55 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, liquid assets <10%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | capital falling |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 2 |  | loans exceed deposits, capital falling |
| 2012-06 | 3 | loans exceed deposits |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | reserve under noncurrent |
| 2013-12 | 4 | capital falling, reserve under noncurrent |  |
| 2014-03 | 3 |  | capital falling |
| 2014-06 | 5 | brokered >10%, wholesale funding >15%, charge-offs p90 | reserve under noncurrent |
| 2014-09 | 5 | capital falling | charge-offs p90 |
| 2014-12 | 4 | uninsured deposits leaving | brokered >10%, wholesale funding >15% |
| 2015-03 | 4 | charge-offs p90 | capital falling |
| 2015-06 | 4 | wholesale funding >15% | charge-offs p90 |
| 2015-09 | 2 |  | uninsured deposits leaving, wholesale funding >15% |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | reserve under noncurrent |  |
| 2017-06 | 5 | wholesale funding >15%, charge-offs p90 |  |
| 2017-09 | 4 | deposits shrinking | wholesale funding >15%, charge-offs p90 |
| 2017-12 | 5 | charge-offs p90 |  |
| 2018-03 | 3 |  | deposits shrinking, charge-offs p90 |
| 2018-06 | 4 | wholesale funding >15% |  |
| 2018-09 | 5 | brokered >10%, capital falling | wholesale funding >15% |
| 2018-12 | 4 |  | reserve under noncurrent |
| 2019-03 | 3 | reserve under noncurrent | brokered >10%, capital falling |
| 2019-06 | 3 | wholesale funding >15% | reserve under noncurrent |
| 2019-09 | 4 | brokered >10% |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | reserve under noncurrent |  |
| 2020-06 | 4 |  | reserve under noncurrent |
| 2020-09 | 3 |  | wholesale funding >15% |
| 2020-12 | 3 |  |  |
| 2021-03 | 1 |  | liquid assets <10%, loans exceed deposits |
| 2021-06 | 3 | loans exceed deposits, liquid assets <10%, reserve under noncurrent | brokered >10% |
| 2021-09 | 2 |  | reserve under noncurrent |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | loans exceed deposits |
| 2022-06 | 2 | loans exceed deposits |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 4 | brokered >10%, wholesale funding >15% |  |
| 2023-09 | 4 | capital falling | wholesale funding >15% |
| 2023-12 | 3 |  | brokered >10% |
| 2024-03 | 2 |  | capital falling |
| 2024-06 | 4 | brokered >10%, wholesale funding >15% |  |
| 2024-09 | 3 |  | wholesale funding >15% |
| 2024-12 | 2 |  | brokered >10% |
| 2025-03 | 3 | uninsured deposits leaving |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | brokered >10% |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 3 |  | brokered >10% |
| 2026-06 | 2 |  | uninsured deposits leaving |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-21 [The Best Savings Accounts in Minnesota for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE41TFJaazNmZERLWmxTYmpWN0c3NGQwQnprSW1JNlRNeFVmbnA1SmU0dW5MRkZhNW9Qc2RpVnQzNVNkbzhlbEx4by1MUnBNRFJCUkVzRGczYUZ4ZkRNSEVUakF3bjAxZkM5a3FTWXF0UjBXSkhIdHRFRFRB?oc=5) · moneyrates.com
- 2017-02-15 [Arnie Skeie Obituary Feb 15, 2017 - Carlin Family Funeral Service](https://news.google.com/rss/articles/CBMiYkFVX3lxTE85YXZPZXFJbVIxTnZBUHRLekc1WXZmSVowdHNpRlVKc3NJMjYxbkRzTzhwQllJc2ZNb0JnczI3TWJmNTdPVXBUdE45MHpfSWNvOVM0bjlYOG1RRzI2ME03eFBn?oc=5) · Carlin Family Funeral Service
- 2012-05-05 [City of Winger takes flight; residents revitalize town - Bemidji Pioneer](https://news.google.com/rss/articles/CBMimAFBVV95cUxPT1hxeUl6QU50cHg2ZDduWWRRSlViUktZNktwb0J6NkpxQlFHcVpqZEpNRG9XQzJFWVdudjF3VnRrNXN1OVhSNGttU29LMV9lWFZNRlo3M0FoMHMtdDdhSGJtUzlEY1RfT1ZnZWFBLVg2WFlkcDk2NlpHTktocXp0bnctaWVxS0V5NWREaFctUm1KZnlqSmlfMw?oc=5) · Bemidji Pioneer
- 2025-06-28 [Hundreds donate to Fosston father and daughters who were hospitalized after fatal house fire - Grand Forks Herald](https://news.google.com/rss/articles/CBMi1wFBVV95cUxObTBiN1NSMzk3TFJ1UTI2V3FiUHZkM1pDeVZzWTRPSnJCWkl5enVFdHlvdVlIOEJEb29zdTQxdWNycll0bUpaRlJpSldacF9OU3Rhd0FOWVpqZHFYbkVxVjJQUlp3c1VPUXBlOGswRmRRSFFackNfeVdMeW40MjJmYU9yYVE1dExod1JnVFlxVmNGRjJXUXpXSnRpX1RHV1lfY1l0Sjd3WUtFc096Q0Z6Qk1XRE00eGVxdlhLOXloQ1RxZ2xELVJ3VENrRWR2RnhSN1B3SXNTQQ?oc=5) · Grand Forks Herald
- 2020-04-02 [Susan Sina Obituary Apr 2, 2020 - Carlin Family Funeral Service](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9NWHY0Z3pDdVNBc0NlYTRKMXlyc09SdG1pVDJ0WVVzYWdRZVFBTm5ua3d5WUpxbmhYSE9lbV9qaHpYcHoyMjhmTnFkMlJXOUFHUFFIZm40RTZkaEhTTzJtMw?oc=5) · Carlin Family Funeral Service
- 2011-05-15 [Knapp wins Bemidji Wellness Challenge - Bemidji Pioneer](https://news.google.com/rss/articles/CBMifkFVX3lxTE9OelhpWHNqSmpneHU2bFNNY0x5c0w4eGlIYW9QaVBRR3RtdGFEazVuQjZNWUdjbTdZU3k3NEtGTzBvVVhsd1Z5REROcnVETENPbFBkbGNtRk1KRi1Mb0FEdk5lcGNvQkZmRWZwX1E0bFNaYXpHZ1JaMk01dWFmQQ?oc=5) · Bemidji Pioneer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8867 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/35.json (key "8867", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide