Gogebic Range Bank is headquartered in Ironwood and is the 65th largest bank in the state of Michigan. It is also the 3,498th largest bank in the nation. It was established in 2002 and as of December of 2020, it had grown to 35 employees at 4 locations. Gogebic Range Bank has an A health rating.
Overall | |
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FDIC Certificate # | 57192 |
Year Established | 2002 |
Employees | 35 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.11% |
Return on Equity - YTD | 10.7% |
Annual Interest Income | $5.6MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $150.2MM$123.3MM |
Loans | Q4 2020vs Q4 2019 | $74.2MM$73.2MM |
Deposits | Q4 2020vs Q4 2019 | $134.5MM$107.2MM |
Equity Capital | Q4 2020vs Q4 2019 | $15.1MM$13.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.3MM$974.00K |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $817.00K$844.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $3.00K$161.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.45% | $1k | - | 60 Month IRA | |
0.40% | $1k | - | 48 Month IRA | |
0.35% | $1k | - | 36 Month IRA | |
0.30% | $1k | - | 24 Month IRA | |
0.20% | $1k | - | 12 Month IRA | |
0.10% | $1k | - | 6 Month IRA |
Gogebic Range Bank Locations | ||
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Gogebic Range Bank | 155 East Cloverland Drive | Ironwood, MI 49938 |
Bessemer Branch | 300 South Sophie Street | Bessemer, MI 49911 |
Bergland Branch | 649 West Highway, M-28 | Bergland, MI 49910 |
Ewen Branch | 207 Cedar Street | Ewen, MI 49925 |