The Miners State Bank


Overview / Commentary
877-906-5131
312 West Genesee Street
Iron River, MI 49935

The Miners State Bank is headquartered in Iron River and is the 63rd largest bank in the state of Michigan. It is also the 3,414th largest bank in the nation. It was established in 1932 and as of March of 2021, it had grown to 38 employees at 6 locations. The Miners State Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10928
Year Established1932
Employees38
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.42%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$164.8MM$141.4MM
LoansQ1 2021vs Q1 2020$88.7MM$101.7MM
DepositsQ1 2021vs Q1 2020$142.5MM$120.3MM
Equity CapitalQ1 2021vs Q1 2020$15.2MM$13.9MM
Loan Loss AllowanceQ1 2021vs Q1 2020$832.00K$771.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$27.00K$38.00K
Real Estate OwnedQ1 2021vs Q1 2020$324.00K$367.00K
Rates

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Locations


The Miners State Bank Locations
Houghton Branch1203 Ridge RoadHoughton, MI 49931
The Miners State Bank312 West Genesee StreetIron River, MI 49935
South Range Branch47 Trimountain AvenueSouth Range, MI 49963
Ripley Branch49011 N Royce RdHancock, MI 49930
Ontonagon601 River StreetOntonagon, MI 49953

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