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 Gogebic Range Bank
Gogebic Range Bank
| RSSD ID 3025929 | CERTIFICATE 57192 | ABA NUMBER 91114112 |
| 155 E Cloverland Dr |
Quarter Ended : |
2025-03-31 |
| Ironwood, Michigan, 49938 |
Updated : |
2025-04-10 |
| gogebicrangebank.com |
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| Institution Profile |
| Year Opened : |
2002 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
29 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 139,418 |
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Total Interest Income | 1,452 |
| Total Liabilities | 128,598 |
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Total NonInterest Income | 108 |
| Total Bank Equity Capital | 10,820 |
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Total Interest Expense | 285 |
| Total Deposits | 128,069 |
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Total NonInterest Expense | 1,045 |
| Net Loans & Leases | 55,518 |
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Net Income | 203 |
| Loan Loss Allowance | 1,489 |
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Net Charge Offs | (1) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 57,102 |
| Total assets for the leverage ratio | 145,960 |
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Loans secured by real estate: | 27,276 |
| Tier 1 Leverage Ratio | 10.56 |
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Commercial and industrial loans | 24,405 |
| Off Balance Sheet Exposures (%) | 12.56 |
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Loans to individuals - Credit Cards | 88 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 5,194 |
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:· Gogebic Range Bank
