# GOGEBIC RANGE BANK
IRONWOOD, MI · FDIC certificate 57192 · asset band <$300M · latest filing 2025-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $142.5M | |
| Deposits | $130.8M | |
| Loans and leases | $59.3M | |
| Total equity | $8.9M | |
| Loans / deposits | 44.28% (p14 of band) | 73.21% |
| Liquid assets / assets | 53.47% (p83 of band) | |
| Uninsured deposits / deposits | 15.62% (p35 of band) | 19.45% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p22 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.15% (p4 of band) | 11.56% |
| Unrealized securities loss / equity | -59.24% (p5 of band) | -6.10% |
| AOCI / equity | 6.65% (p64 of band) | |
| ROA (annualized) | -2.09% (p2 of band) | 1.04% |
| Net interest margin | 3.85% (p51 of band) | 3.83% |
| Efficiency ratio | 152.71% (p98 of band) | |
| Noncurrent loans | 2.35% (p89 of band) | 0.34% |
| Net charge-offs (annualized) | 0.06% (p77 of band) | |
| Reserve coverage of noncurrent | 100.43% | |
| Real estate % of loans | 54% | |
| Construction % of loans | 29.08% (p64 of band) | |
| Auto loans | $3.5M (5.90% of loans; DQ 3.00%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.4% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | charge-offs p90 |  |
| 2011-09 | 0 |  | charge-offs p90 |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 2 | uninsured deposits leaving | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 4 | capital falling, charge-offs p90 |  |
| 2013-06 | 1 |  | uninsured deposits leaving, capital falling, charge-offs p90 |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 1 |  | reserve under noncurrent |
| 2014-09 | 2 | reserve under noncurrent |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | reserve under noncurrent |
| 2015-06 | 0 |  | charge-offs p90 |
| 2015-09 | 1 | uninsured deposits leaving |  |
| 2015-12 | 1 | charge-offs p90 | uninsured deposits leaving |
| 2016-03 | 0 |  | charge-offs p90 |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | reserve under noncurrent |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | charge-offs p90 |  |
| 2018-06 | 3 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2018-09 | 1 |  | deposits shrinking, assets shrinking |
| 2018-12 | 1 | charge-offs p90 | reserve under noncurrent |
| 2019-03 | 0 |  | charge-offs p90 |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | uninsured deposits leaving |  |
| 2020-03 | 2 | reserve under noncurrent |  |
| 2020-06 | 1 |  | uninsured deposits leaving |
| 2020-09 | 1 | capital falling | reserve under noncurrent |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 2 | noncurrent p90, reserve under noncurrent | capital falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, charge-offs p90 |  |
| 2022-06 | 2 |  | noncurrent p90, reserve under noncurrent, charge-offs p90 |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 3 | noncurrent p90, deposits shrinking |  |
| 2024-03 | 1 |  | noncurrent p90, deposits shrinking |
| 2024-06 | 2 | deposits shrinking |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | uninsured deposits leaving | deposits shrinking |
| 2025-03 | 4 | deposits shrinking, assets shrinking |  |
| 2025-06 | 1 |  | uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2025-09 | 1 |  |  |
| 2025-12 | 4 | capital falling, losing money, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-01-12 [Metro Detroit credit union closes deal to acquire U.P. bank - Crain's Detroit](https://news.google.com/rss/articles/CBMilwFBVV95cUxQeHpOUU9jSFRCY2hCcE1BQ19heE9mQXRaYTRhelRRV245d2JoVTBuUHVTU2l4Z2g4Mm5zSENnLUpiWUtxUzVYdE5tUC1JR3psYUEwcFdrYWtqNUpSdWQyamh6TEtSZERfcXk1enNlZWVDWjh0T1VVOEY1ZlFHR3B0QXJFY2RzN05uRUwzSWZaMllBMEhUMjNv?oc=5) · Crain's Detroit
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker
- 2026-01-09 [Zeal Credit Union Plans Market Expansion With Acquisition of Miners State Bank - CUTimes](https://news.google.com/rss/articles/CBMitAFBVV95cUxOVDNZRWk1MVBMaUFmZDNvZlpYem1LTDRsVXZTMnJKRkR6b0RtakpWZHF2Zzg5MWRnalo2UTQxdm9lVXdwenpwWnNXV1Rpel9OLU5KQkFWaVc3OWhlY1lNczh5Z0hwbF8xNmZaVzJGamF2RExTeDU4WWZ5Qkd3VTlKaU5Ka25HOXZ0dHNvdHZmSjJkcGJjamR0a0VtTmdyV2RNVEpXcmpQZUVFalAyY3FyVFJmbUo?oc=5) · CUTimes
- 2025-07-18 [Happy Birthday - The Mining Gazette](https://news.google.com/rss/articles/CBMidkFVX3lxTE02Z0p2Z1FTQXRJTTdHRTNaZTlCbDVFTlJuUFI5SEE3eWhRZlE4X0IxcDBmb0c3RllqU0REV3dBdkU5b0pHalFNd3U3dDBJdVAxS19tc2ZqcmNNMWYzRndPYzUyNElfU0VQMXhMazB2Qk1XVlpqYlE?oc=5) · The Mining Gazette
- 2016-05-21 [Donald Fortune Obituary - Bradenton, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxQU04wb0s4RXJvSVdkVzVNY2MzTGwzV0RHLUd1ZXRmRjhzXzl6U0xZb2JUZ2F3dzF3OHZ2b044c3UxTDdzRUpEYUZVcFVWUHdIdVZuY0ppbDN6NjFZMjlIRlhXb2RNMGlkR1MtVU5LblE1X2NCSXlRSnQyUjByUm1hTUdjS3U?oc=5) · Dignity Memorial
- 2022-09-08 [Melanie Ovaska Janakas - The Globe Homepage](https://news.google.com/rss/articles/CBMilwFBVV95cUxQWDNGNURZRFZjeTJ4WlpBTkdPb244WEc3RkYxN19fNnNCaF9ROGlGRy1BRElaY0swNkh3dFBqRzF4WUg0RmlkclpZM0JHMFpVUlo2aDN4ajhzNjF4S1JNRHNrckQzNVlqWHB5amVQLUxoQjlUR0F4dmxoT0ZZYjg2eVNOMTRGY3lEeENKQWdMR0trU24yalhR?oc=5) · The Globe Homepage
- 2021-03-24 [Yvonne "Sookie" Morzenti - The Globe Homepage](https://news.google.com/rss/articles/CBMilwFBVV95cUxOVWZlWU50SUxEdmJKRF9zLU53VkpSYzQ2aC1WM0xESmM2dlkzR2M4V2NidFVKTFdUc0REenk2eXBFZzdwZTR2WGFQeUlUWElDVkpCSEotQmliRDA4OXNhb0dfMXdiN1M5R2NfT2ktZlItbHAxaDBVdGdpdXllSTg3ZU8xMjVTR2NfQWpUSWxxa1huU1NuQzZn?oc=5) · The Globe Homepage

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57192 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/40.json (key "57192", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide