Gogebic Range Bank
Ironwood, MI
IDRSSD: 3025929
Total Assets
$149.61M
Latest filing
Total Deposits
$136.74M
Latest filing
Net Interest Margin
3.92%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Gogebic Range Bank
155 E Cloverland Dr
Ironwood, MI 49938
Full Service - Brick and Mortar
Updated 11/14/2025Established 05/20/2002FDIC Certificate 359381
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Gogebic Range Bank (Main) | 155 E Cloverland Dr | Ironwood, MI |
| BERGLAND BRANCH | 649 West Highway, M-28 | Bergland, MI |
| BESSEMER BRANCH | 300 S Sophie St | Bessemer, MI |
| EWEN BRANCH | 207 Cedar Street | Ewen, MI |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 05/20/2002 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 49938 |
| State and County Number | 26053 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 28 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 05/20/2002 |
| Primary Insurance Agency | DIF |
| Website | gogebicrangebank.com |
| Data Updated | 11/14/2025 |
| CERT | 57192 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $149.61M |
| Total Deposits | $136.74M |
| Total Liabilities | $137.26M |
| Total Equity Capital | $12.35M |
| Net Income | $371.00k |
| Net Loans and Leases | $56.41M |
| Assets Per Employee ($Millions) | $5.34M |
| Bank Premises and Fixed Assets | $3.20M |
| Cash and Balances due from Depository Institutions | $20.86M |
| Deposits Held in Domestic Offices | $136.74M |
Key Performance Ratios
| Return on Assets (ROA) | 1.02% |
| Return on Equity (ROE) | 12.54% |
| Net Interest Margin | 3.92% |
| Efficiency Ratio | 65.76% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.08% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.254% |
| Earning Assets to total Assets | 85.73% |
Income and Expense
| Total Interest Income | $1.54M |
| Total Noninterest Income | $172.00k |
| Total Interest Expense | $284.00k |
| Total Noninterest Expense | $943.00k |
| Net Interest Income | $1.26M |
| Pre-tax Net Operating Income | $457.00k |
| Provision for Credit Losses | $28.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $21.00k |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $527.00k |
| Total Liabilities and Capital | $149.61M |
Securities
| Securities | $64.95M |
| Available-for-sale debt securities | $48.99M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $15.95M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Gogebic Range Bank?
$149.61M as of the latest filing.
How much are Gogebic Range Bank's total deposits?
$136.74M in total deposits.
Where is Gogebic Range Bank located?
Ironwood, MI.
What is the Net Interest Margin?
3.92%.
How many domestic offices does it operate?
4.
When was it established?
05/20/2002.
What is the Return on Assets (ROA)?
1.02%.
How much are total loans and leases?
$56.41M (latest filing).
What is the total interest income (latest filing)?
$1.54M.