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 65th largest bank in the state of Michigan. It is also the 3,380th largest bank in the nation. It was established in 1932 and as of September of 2020, 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 - YTD0.85%
Return on Equity - YTD8.67%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$158.4MM$138.4MM
LoansQ3 2020vs Q3 2019$94.9MM$100.5MM
DepositsQ3 2020vs Q3 2019$136.1MM$118.1MM
Equity CapitalQ3 2020vs Q3 2019$15.2MM$14.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$832.00K$704.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$0$36.00K
Real Estate OwnedQ3 2020vs Q3 2019$394.00K$443.00K
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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