The Miners State Bank is headquartered in Iron River and is the 60th largest bank in the state of Michigan. It is also the 3,393rd largest bank in the nation. It was established in 1932 and as of June of 2022, it had grown to 37 employees at 6 locations. The Miners State Bank has an A health rating.
Overall | |
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FDIC Certificate # | 10928 |
Year Established | 1932 |
Employees | 37 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.37% |
Return on Equity - YTD | 4.27% |
Annual Interest Income | $2.4MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $160.8MM$161.5MM |
Loans | Q2 2022vs Q2 2021 | $82.1MM$89.2MM |
Deposits | Q2 2022vs Q2 2021 | $145.1MM$139.1MM |
Equity Capital | Q2 2022vs Q2 2021 | $13.3MM$15.4MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $829.00K$840.00K |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $0$41.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $310.00K$324.00K |
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The Miners State Bank Locations | ||
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Houghton Branch | 1203 Ridge Road | Houghton, MI 49931 |
The Miners State Bank | 312 W Genesee St | Iron River, MI 49935 |
South Range Branch | 47 Trimountain Avenue | South Range, MI 49963 |
Ripley Branch | 49011 N Royce Rd | Hancock, MI 49930 |
Ontonagon | 601 River Street | Ontonagon, MI 49953 |