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 3,534th largest bank in the nation. It was established in 1932 and as of March of 2023, it had grown to 34 employees at 6 locations. The Miners State Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10928
Year Established1932
Employees34
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8.41%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$140.0MM$174.6MM
LoansQ1 2023vs Q1 2022$84.6MM$80.8MM
DepositsQ1 2023vs Q1 2022$124.8MM$153.5MM
Equity CapitalQ1 2023vs Q1 2022$13.5MM$14.1MM
Loan Loss AllowanceQ1 2023vs Q1 2022$888.00K$838.00K
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.1MM$11.00K
Real Estate OwnedQ1 2023vs Q1 2022$309.00K$310.00K
Rates

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Locations


The Miners State Bank Locations
Houghton Branch1203 Ridge RoadHoughton, MI 49931
The Miners State Bank312 W Genesee StIron 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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