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.
Overall | |
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FDIC Certificate # | 10928 |
Year Established | 1932 |
Employees | 34 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 8.41% |
Annual Interest Income | $1.4MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $140.0MM$174.6MM |
Loans | Q1 2023vs Q1 2022 | $84.6MM$80.8MM |
Deposits | Q1 2023vs Q1 2022 | $124.8MM$153.5MM |
Equity Capital | Q1 2023vs Q1 2022 | $13.5MM$14.1MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $888.00K$838.00K |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.1MM$11.00K |
Real Estate Owned | Q1 2023vs Q1 2022 | $309.00K$310.00K |
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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 |