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GOGEBIC RANGE BANK

Ironwood, MI

Latest Health Report

Latest Update: March 31, 2021

Assets
$155,842,000
Deposits
$141,458,000
Loans
$70,054,000
Loan Loss Provision
$45,000
Profit
$450,000
Capital
$13,398,000
Reserves
$1,374,000
Past Due 90 Days
$65,000
Nonaccrual
$1,076,000
Other Real Estate Owned
$3,000
Capital Plus Reserves
$14,772,000
Total Troubled Assets
$1,144,000
Troubled Asset Ratio
7.74

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $150,222,000 $134,521,000 $74,175,000 $1,528,000 $15,756,000 $820,000 5.20
2019 $123,379,000 $107,211,000 $73,194,000 $1,485,000 $13,635,000 $1,005,000 7.37
2018 $122,310,000 $106,826,000 $73,589,000 $1,795,000 $13,254,000 $964,000 7.27
2016 $74,384,000 $62,374,000 $55,494,000 $922,000 $9,252,000 $709,000 7.66
2015 $69,225,000 $60,178,000 $48,125,000 $707,000 $9,295,000 $836,000 8.99