Gogebic Range Bank
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Data as of · sourced from FFIEC call reports. How we update
Gogebic Range Bank is an FDIC-insured commercial bank headquartered in Ironwood, MI, established in 2002 (FDIC certificate 57192), and it is supervised by the FDIC. At Q4 2025 it reported total assets of $142.5M, little changed from Q4 2024. It reports no CET1 ratio; its Tier 1 leverage ratio was 8.15% at Q4 2025, not above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57192
- Headquarters
- Ironwood, MI
- Established
- 2002
- Total assets, Q4 2025
- $142.5M
- Assets vs Q4 2024
- 0.0%
- Tier 1 leverage ratio, Q4 2025
- 8.15%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091114112
Problem loans are rising at Gogebic Range Bank. It reported $143 million in assets at December 31, 2025. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.35% of loans from 1.68% a year earlier. It pays an average of 0.80% on its deposits and borrowings, about a third the median of 1.91% for the 2,725 banks with $100 million to $1 billion in assets. On the other hand, it funds 8.15% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.79%).
It lost $3.8 million in the quarter. Its securities portfolio is underwater by $5.3 million, an amount equal to 43% of Tier 1 capital. Credit is the area to watch: it carries problem assets equal to 13.5% of the capital and reserves that would absorb them, 5.6 times the median of 2.4% for banks its size.
As of December 31, 2025, Gogebic Range Bank reported a return on assets of -10.04%, a nonperforming-loan ratio of 2.35% and a Texas ratio of 13.54%. The figures come from its call report filed with the FFIEC.
From Q3 2025 to Q4 2025, its total assets fell 4.7% to $142.5M, loans rose 2.6% and deposits fell 4.4%. Its loan book on December 31, 2025 was led by commercial and industrial loans, at 36.8% of total loans, followed by 1-4 family residential loans at 18.2%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in MI; its Ironwood office books 52% of its branch deposits. By the capital ratios in its Q4 2025 call report, Gogebic Range Bank is inside the community bank leverage ratio grace band.
Headquarters Profile
- Address
- 155 E Cloverland Dr, Ironwood, MI 49938
- County
- Gogebic
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 20, 2002
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $130.8M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $89K
- Average total assets
- $150.5M
- Average total loans
- $58.0M
- Average interest-bearing deposits
- $95.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 20, 2002
- FDIC Cert
- 57192
- Fed RSSD
- 3025929
Profitability
Q4 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q4 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Gogebic Range Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Gogebic Range Bank's total assets moved between a low of $139.4M (Q1 2025) and a high of $151.0M (Q2 2023) from Q1 2023 to Q4 2025, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q4 2025 with Q4 2024. How these charts are built
$142.5M total assets against $142.5M; $133.6M total liabilities against $131.2M.
$57.9M net loans and leases against $58.2M; $130.8M total deposits against $127.7M.
$61.5M securities against $71.0M; $14.7M cash and balances due against $5.7M.
$1.5M total interest income against $1.5M; $267K total interest expense against $280K.
$1.3M net interest income against $1.3M.
$127K total noninterest income against $137K; $5.2M total noninterest expense against $998K.
$0 provision for credit losses against $0.
-$3.8M net income against $323K.
-10.04% return on assets against 0.88%; 3.58% net interest margin against 3.65%.
8.15% tier 1 leverage ratio against 10.31%.
Inside the full Gogebic Range Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Quarterly trend: last 8 quarters
From Q1 2024 to Q4 2025, its return on assets ran from -10.04% (Q4 2025) to 0.92% (Q3 2025) and its net interest margin ran from 3.16% (Q1 2024) to 3.66% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q4 2025 | 8.15% | -10.04% | 2.35% | 13.54% | 3.58% |
| Q3 2025 | 10.73% | 0.92% | 1.67% | 7.21% | 3.65% |
| Q2 2025 | 10.85% | 0.68% | 1.78% | 8.03% | 3.66% |
| Q1 2025 | 10.56% | 0.56% | 1.79% | 8.90% | 3.47% |
| Q4 2024 | 10.31% | 0.88% | 1.68% | 8.41% | 3.65% |
| Q3 2024 | 10.34% | 0.71% | 1.82% | 8.64% | 3.18% |
| Q2 2024 | 10.15% | 0.46% | 1.66% | 9.58% | 3.23% |
| Q1 2024 | 9.84% | 0.57% | 1.68% | 9.71% | 3.16% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2025. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Gogebic Range Bank (main office) | Ironwood , MI | 49938 | $67.2M |
| Ewen Branch | Ewen , MI | 49925 | $33.6M |
| Bessemer Branch | Bessemer , MI | 49911 | $21.5M |
| Bergland Branch | Bergland , MI | 49910 | $7.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2026 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
| April 22, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 22, 2017 | Structure Change | Acquired The State Bank of Ewen Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Not on file
- Enforcement actions, Deposit market share, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Gogebic Range Bank
What are Gogebic Range Bank's total assets?
As of the Q4 2025 filing, Gogebic Range Bank reported total assets of $142.5 million in its FFIEC call report.
Where is Gogebic Range Bank headquartered?
It is headquartered in Ironwood, MI, United States.
When was Gogebic Range Bank founded?
It was established in 2002, per the FDIC institution directory.
Is Gogebic Range Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57192). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Gogebic Range Bank?
Gogebic Range Bank's primary federal regulator is the FDIC.
How many branches does Gogebic Range Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Gogebic Range Bank's Texas Ratio?
Its Texas Ratio is 13.54% in its Q4 2025 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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