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155 East Cloverland Drive
Ironwood, MI 49938

Gogebic Range Bank is headquartered in Ironwood and is the 73rd largest bank in the state of Michigan. It is also the 3,832nd largest bank in the nation. It was established in 2002 and as of December of 2017, it had grown to 33 employees at 4 locations. Gogebic Range Bank's money market rates are 25% higher than the national average, and it has an A health rating.

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Health Grade Components

FDIC Certificate #57192
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD14.55%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$126.3MM$74.4MM
LoansQ4 2017vs Q4 2016$76.1MM$55.5MM
DepositsQ4 2017vs Q4 2016$111.8MM$62.4MM
Equity CapitalQ4 2017vs Q4 2016$12.9MM$8.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.0MM$954.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.0MM$528.00K
Real Estate OwnedQ4 2017vs Q4 2016$136.00K$181.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gogebic Range Bank Money Market Rates

0.55%*$100k*-Personal Money Market
OTHER TIERS: 0.15% $1k - $25k | 0.25% $25k - $50k | 0.35% $50k - $75k | 0.45% $75k - $100k
0.55%*$100k*$10mBusiness Money Market
OTHER TIERS: 0.15% $1k - $25k | 0.25% $25k - $50k | 0.35% $50k - $75k | 0.45% $75k - $100k

Gogebic Range Bank CD Rates

1.56%$500-60 Month Personal CD
1.56%$500-Business 60 Month CD
1.36%$500-48 Month Personal CD
1.36%$500-Business 48 Month CD
1.26%$500-36 Month Personal CD
1.26%$500-Business 36 Month CD
1.00%$500-24 Month Personal CD
1.00%$500-Business 24 Month CD
0.75%$500-12 Month Personal CD
0.75%$500-Business 12 Month CD
0.50%$500-6 Month Personal CD
0.50%$500-Business 6 Month CD

Gogebic Range Bank IRA Rates

1.56%$1k-60 Month IRA
1.36%$1k-48 Month IRA
1.26%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.75%$1k-12 Month IRA
0.50%$1k-6 Month IRA

Gogebic Range Bank Locations
Gogebic Range Bank155 East Cloverland DriveIronwood, MI 49938
Bessemer Branch300 South Sophie StreetBessemer, MI 49911
Bergland Branch100 M 28 WestBergland, MI 49910
Ewen Branch207 Cedar StreetEwen, MI 49925

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