Gogebic Range Bank is headquartered in Ironwood and is the 62nd largest bank in the state of Michigan. It is also the 3,472nd largest bank in the nation. It was established in 2002 and as of June of 2022, it had grown to 32 employees at 4 locations. Gogebic Range Bank has a B+ health rating.
Overall | |
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FDIC Certificate # | 57192 |
Year Established | 2002 |
Employees | 32 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 10.04% |
Annual Interest Income | $2.4MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $152.9MM$154.2MM |
Loans | Q2 2022vs Q2 2021 | $55.7MM$69.3MM |
Deposits | Q2 2022vs Q2 2021 | $141.9MM$139.4MM |
Equity Capital | Q2 2022vs Q2 2021 | $10.4MM$14.2MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.5MM$1.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $977.00K$2.0MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $53.00K$3.00K |
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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 |