Gogebic Range Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.15%	5-year CD	60 Month Personal CD 2.25% - Bank of Internet USA 60 Month CD
0.65%	1-year CD	12 Month Personal CD 0.61% - National Average
1.05%	4-year CD	48 Month Personal CD 1.27% - National Average

View all Gogebic Range Bank rates »

Overview / Commentary

www.gogebicrangebank.com

906-663-4520

155 East Cloverland Drive
Ironwood, MI 49938

Gogebic Range Bank is headquartered in Ironwood and is the 74^th largest bank in the state of Michigan. It is also the 3,824^th largest bank in the nation. It was established in 2002 and as of June of 2017, it had grown to 31 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

A

Data as of Q2 2017

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Health Grade Components

Overall
FDIC Certificate #	57192
Year Established	2002
Employees	31
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.52%
Return on Equity - YTD	13.83%
Annual Interest Income	$2.3MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$129.3MM$68.9MM
Loans	Q2 2017vs Q2 2016	$76.1MM$50.9MM
Deposits	Q2 2017vs Q2 2016	$115.3MM$59.0MM
Equity Capital	Q2 2017vs Q2 2016	$13.5MM$8.5MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$968.00K$1.1MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$962.00K$950.00K
Real Estate Owned	Q2 2017vs Q2 2016	$219.00K$222.00K

Rates

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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

APY	MIN	MAX	ACCOUNT NAME
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^*	$10m	Business 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

APY	MIN	MAX	ACCOUNT NAME
1.15%	$500	-	60 Month Personal CD
1.15%	$500	-	Business 60 Month CD
1.05%	$500	-	48 Month Personal CD
1.05%	$500	-	Business 48 Month CD
0.95%	$500	-	36 Month Personal CD
0.95%	$500	-	Business 36 Month CD
0.85%	$500	-	24 Month Personal CD
0.85%	$500	-	Business 24 Month CD
0.65%	$500	-	12 Month Personal CD
0.65%	$500	-	Business 12 Month CD
0.45%	$500	-	6 Month Personal CD
0.45%	$500	-	Business 6 Month CD

Gogebic Range Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$1k	-	60 Month IRA
1.05%	$1k	-	48 Month IRA
0.95%	$1k	-	36 Month IRA
0.85%	$1k	-	24 Month IRA
0.65%	$1k	-	12 Month IRA
0.45%	$1k	-	6 Month IRA

Locations

Gogebic Range Bank Locations
Gogebic Range Bank	155 East Cloverland Drive	Ironwood, MI 49938
Bessemer Branch	300 South Sophie Street	Bessemer, MI 49911
Bergland Branch	100 M 28 West	Bergland, MI 49910
Ewen Branch	207 Cedar Street	Ewen, MI 49925