Gogebic Range Bank

Overview / Commentary
155 East Cloverland Drive
Ironwood, MI 49938

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.


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Health Grade Components

FDIC Certificate #57192
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD10.04%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$152.9MM$154.2MM
LoansQ2 2022vs Q2 2021$55.7MM$69.3MM
DepositsQ2 2022vs Q2 2021$141.9MM$139.4MM
Equity CapitalQ2 2022vs Q2 2021$10.4MM$14.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.5MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$977.00K$2.0MM
Real Estate OwnedQ2 2022vs Q2 2021$53.00K$3.00K

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Gogebic Range Bank Locations
Gogebic Range Bank155 E Cloverland DrIronwood, 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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