Gogebic Range Bank


Overview / Commentary
906-932-7646
155 East Cloverland Drive
Ironwood, MI 49938

Gogebic Range Bank is headquartered in Ironwood and is the 63rd largest bank in the state of Michigan. It is also the 3,469th largest bank in the nation. It was established in 2002 and as of September of 2021, it had grown to 35 employees at 4 locations. Gogebic Range Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #57192
Year Established2002
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.02%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$158.6MM$150.3MM
LoansQ3 2021vs Q3 2020$60.0MM$77.6MM
DepositsQ3 2021vs Q3 2020$143.9MM$134.8MM
Equity CapitalQ3 2021vs Q3 2020$14.3MM$14.9MM
Loan Loss AllowanceQ3 2021vs Q3 2020$1.5MM$1.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.0MM$1.1MM
Real Estate OwnedQ3 2021vs Q3 2020$3.00K$18.00K
Rates

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Locations


Gogebic Range Bank Locations
Gogebic Range Bank155 East Cloverland DriveIronwood, MI 49938
Bessemer Branch300 South Sophie StreetBessemer, MI 49911
Bergland Branch649 West Highway, M-28Bergland, MI 49910
Ewen Branch207 Cedar StreetEwen, MI 49925

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