Range Bank, Financial Information

AboutRange Bank

 Address:
100 North Front Street
Marquette,MI
Marquette County,Michigan
 Established:
Jun 1887
 Number of domestic offices:
9
Total assets$459M
Net income$3M
Net income,quarterly$1M
Total deposits$412M
Domestic deposits$412M
Equity capital$43M
ROA0.76%
ROAQ,quarterly1.19%
ROA,pretax1.19%
ROAQ,quarterly,pretax1.61%
ROE7.78%
ROEQ,quarterly12.94%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Throughout 125 of the 140 years that elapsed since Negaunee became a city in 1873, The First National Bank of Negaunee has served residents of the community and the surrounding area.

It was on June 13, 1887 that the bank originally opened its doors with the location of a building on the triangular plot on the south side of Iron Street.

Range Bank has on-balance sheet assets exceeding $270 million in additional to managing approximately $245 in off-balance sheet business sweep accounts along with sold commercial and mortgage loans plus trust and wealth management assets bringing our total assets under management to $515 million. Range Bank serves its customers through a network of 12 offices located in Marquette, Dickinson and Houghton Counties.