Gogebic Range Bank is headquartered in IRONWOOD and is the 61st largest bank in the state of Michigan. It is also the 3,481st largest bank in the nation. It was established in 2002 and as of March of 2025, it had grown to 29 employees at 4 locations. Gogebic Range Bank's CD rates are 3X the national average, and it has a B health rating.
Overall | |
---|---|
FDIC Certificate # | 57192 |
Year Established | 2002 |
Employees | 29 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.58% |
Return on Equity - YTD | 7.35% |
Annual Interest Income | $1.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $139.4MM$150.1MM |
Loans | Q1 2025vs Q1 2024 | $55.5MM$56.6MM |
Deposits | Q1 2025vs Q1 2024 | $128.1MM$140.1MM |
Equity Capital | Q1 2025vs Q1 2024 | $10.8MM$9.4MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.5MM$1.5MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1MM$975K |
Real Estate Owned | Q1 2025vs Q1 2024 | $71K$80K |
Always verify rates and promotions with the bank or credit union. We are not Gogebic Range Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.55% | $1k | - | 36 Month IRA | |
3.03% | $1k | - | 24 Month IRA | |
3.03% | $1k | - | 48 Month IRA | |
2.78% | $1k | - | 12 Month IRA | |
2.78% | $1k | - | 60 Month IRA | |
2.26% | $1k | - | 6 Month IRA |
Gogebic Range Bank Locations | ||
---|---|---|
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 |