Vitals
  • Total Assets
    74.4M 7.5 %
  • Total Deposits
    62.4M 3.6 %
  • Total Net Loans
    55.5M 15.3 %
  • Net Income
    922000.0000 30.4 %
  • Book Value
    8.3M 2.8 %
  • Book Value x2
    16.6M 2.8 %
  • Book Value x3
    24.8M 2.8 %
ROAA

1.32

ROAE

11.008

Efficiency Ratio

56.633

Net Interest Margin

4.975

Balance Sheet Highlights
Financial Highlights Gogebic Range Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 74,384 330,697
Total Net Loans 55,494 227,599
Total Deposits 62,374 278,247
Total Equity 8,279 33,935
Profitability
Net Income 922 3,589
Return on Average Assets 1.32 .954
Return on Average Equity 11.008 8.772
Net Interest Margin 4.975 3.821
Efficiency Ratio 56.633 71.925
Noninterest Income/Revenue 6.869 24.061
Balance Sheet Ratios
Loan-to-Deposit 88.97 76.845
Securities/Assets .158 .16
Total Equity/Total Assets .111 .103
Tangible Equity/Tangible Assets .111 .098
Capital Adequacy
Tier 1 Common Capital 8,298 32,553
Tier 1 Capital 8,298 32,664
Tier 2 Capital 754 2,479
Total Capital 9,052 35,133
Total Risk Weighted Assets 60,115 242,208
Leverage Ratio 11.47 10.341
Common Equity Tier 1 Capital Ratio 13.8 15.339
Tier 1 Capital Ratio 13.8 15.393
Total Capital Ratio 15.06 16.423

Timeline for Gogebic Range Bank

Gogebic Range Bank

Gogebic Range Bank was established 21 years ago and is currently headquartered in Ironwood, MI.

May 20 2002

West End Financial Corp.

West End Financial Corp. became a new parent organization for Gogebic Range Bank.

View Profile May 20 2002
Relationships Role Relationship Start Relationship End
West End Financial Corp. Parent 5/20/2002
Similar Organizations
Organization City State Total Assets
First State Bank Of Bigfork
 		Bigfork MN 71.2M
Chisholm Trail State Bank
 		Wichita KS 71.5M
Community Bank Of Georgia
 		Baxley GA 70.4M
State Bank Of Table Rock
 		Table Rock NE 71.7M
Pinnacle Bank Sioux City
 		Sioux City IA 70.2M
Silex Banking Company
 		Silex MO 71.9M
The First State Bank, Kiowa, Kansas
 		Kiowa KS 70.1M
The Peoples Bank
 		Willacoochee GA 72.4M
The Baldwin State Bank
 		Baldwin City KS 69.6M
The Farmers State Bank
 		Marcus IA 69.4M