Gogebic Range Bank is headquartered in IRONWOOD and is the 62nd largest bank in the state of Michigan. It is also the 3,449th largest bank in the nation. It was established in 2002 and as of June of 2024, it had grown to 34 employees at 4 locations. Gogebic Range Bank's CD rates are 3X the national average, and it has a C+ health rating.
Overall | |
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FDIC Certificate # | 57192 |
Year Established | 2002 |
Employees | 34 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.54% |
Return on Equity - YTD | 8.32% |
Annual Interest Income | $3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $146.1MM$151MM |
Loans | Q2 2024vs Q2 2023 | $58.2MM$57.5MM |
Deposits | Q2 2024vs Q2 2023 | $132.1MM$139.9MM |
Equity Capital | Q2 2024vs Q2 2023 | $9.8MM$8.5MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.5MM$1.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $994K$974K |
Real Estate Owned | Q2 2024vs Q2 2023 | $80K$71K |
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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 |
---|---|---|---|---|
3.55% | $1k | - | 36 Month IRA | |
3.03% | $1k | - | 24 Month IRA | |
3.03% | $1k | - | 48 Month IRA | |
2.78% | $1k | - | 12 Month IRA | |
2.78% | $1k | - | 60 Month IRA | |
2.26% | $1k | - | 6 Month IRA |
Gogebic Range Bank Locations | ||
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Gogebic Range Bank | 155 E Cloverland Dr | 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 |