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 3,412th largest bank in the nation. It was established in 1932 and as of June of 2020, it had grown to 36 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
Employees36
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.87%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$155.0MM$132.9MM
LoansQ2 2020vs Q2 2019$97.2MM$95.5MM
DepositsQ2 2020vs Q2 2019$132.9MM$114.4MM
Equity CapitalQ2 2020vs Q2 2019$14.9MM$13.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$822.00K$694.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$106.00K$0
Real Estate OwnedQ2 2020vs Q2 2019$367.00K$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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