Range Bank, National Association in Negaunee, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Range Bank, National Association - Overview

  • General
  • FDIC Certificate #: 5072
    Status: Active
    Federal Reserve ID: 355559
    Bank Holding Company (Regulatory Top Holder): Range Financial Corporation (RSSDID: 1139868, Location: Negaunee, MI)
    Date Established: June 04, 1887
    WWW: http://www.rangebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 14270
    FDIC's unique #: 3387
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 15, 2006
    Last Structure Change Process Date: January 23, 2007
    Last Data Update: January 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 350 Iron Street, Negaunee, MI 49866
    County: Marquette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marquette, MI (#32100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $266.3 mil
    Equity capital: $27.5 mil
    Deposits held in domestic offices: $228.1 mil
    Return on assets (ROA): 0.81% ($2.2 mil)
    Quarterly return on assets: 0.95% ($2.5 mil)
    Return on Equity (ROE): 8.21% ($2.2 mil)
    Quarterly return on equity: 9.58% ($2.6 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.04% ($2,769.2 mil)
    Quarterly Pretax return on assets: 1.26% ($3,355.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 88Total employees (full-time equivalent)
  • $266,274Total assets
  • $39,333Cash and due from depository institutions
  • $21,029Interest-bearing balances
  • $58,900Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $155,136Net loans & leases
  • $1,976Loan loss allowance
  • $0Trading account assets
  • $6,206Bank premises and fixed assets
  • $507Other real estate owned
  • $3,349Goodwill and other intangibles
  • $266,274Life insurance assets
  • $2,843All other assets
  • $238,776Total liabilities and capital
  • $228,137Total liabilities
  • $187,259Total deposits
  • $228,137Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,792Trading liabilities
  • $0Other borrowed funds
  • $1,847Subordinated debt
  • $27,498All other liabilities
  • $27,498Total equity capital
  • $27,498Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $6,075Surplus
  • $20,523Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,054Income earned, not collected on loans
  • $0Earning assets
  • $877Long-term assets (5+ years)
  • $235,065Average Assets, year-to-date
  • $38,753Average Assets, quarterly
  • $265,783Volatile liabilities
  • $274,502Insider loans
  • $187,398FHLB advances
  • $270,156Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,421Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,644Restructured Loans and leases
  • $574Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,243Total interest income
  • $2,306Total interest expense
  • $8,937Net interest income
  • $405Provision for loan and lease losses
  • $1,774Total noninterest income
  • $0Fiduciary activities
  • $400Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,374Additional noninterest income
  • $7,659Total noninterest expense
  • $4,608Salaries and employee benefits
  • $1,165Premises and equipment expense
  • $1,886Additional noninterest expense
  • $2,647Pre-tax net operating income
  • $117Securities gains (losses)
  • $599Applicable income taxes
  • $2,165Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,165Net income attributable to bank
  • $0Net charge-offs
  • $2,165Cash dividends
  • $236Sale, conversion, retirement of capital stock, net
  • $771Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 8.21%Return on equity (ROE)
  • 5.29%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 171.61%Credit loss provision to net charge-offs
  • 12.93%Efficiency ratio
  • 71,506Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.61%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 187.48%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 68.00%Net loans and leases to core deposits
  • 72.31%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $265,783Average earning assets
  • $26,374Average equity
  • $230,376Average loans

List of branches

  • 14 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03387Range Bank, National Association350 Iron Street, Negaunee, MI 49866June 04, 1887Full Service Brick and Mortar
    1207081Harvey BranchU.S. Highway 41, Harvey, MI 49855January 28, 1965Full Service Brick and Mortar
    2207082Pellow Branch601 Us 41 East, Negaunee, MI 49866Febuary 19, 1965Full Service Brick and Mortar
    3207083Palmer OfficeM-35, Palmer, MI 49871May 23, 1962Full Service Brick and Mortar
    5207084Community BranchKoski Korners M95 And Us 41, Champion, MI 49814March 08, 1956Full Service Brick and Mortar
    6207085Marquette Township OfficeU.S. Highway 41, Marquette Township, MI 49855Febuary 17, 1976Full Service Brick and Mortar
    7361736Marquette City Office250 North Mcclellan Avenue, Marquette, MI 49855May 30, 2001Full Service Brick and Mortar
    8430296Kingsford Office345 South Carpenter, Kingsford, MI 49802September 22, 2003Full Service Brick and Mortar
    9453055Quinnesec OfficeW 7253 Us Highway 2, Quinnesec, MI 49876August 29, 2005Full Service Brick and Mortar
    103382Calumet Downtown Office219 Sixth Street, Calumet, MI 49913January 01, 1888Full Service Brick and Mortar
    11207061Lake Linden Office346 Third Street, Lake Linden, MI 49945January 03, 1967Full Service Brick and Mortar
    12419553Houghton Office48345 Highway M-26, Houghton, MI 49931July 24, 2002Full Service Brick and Mortar
    13430216Calumet Avenue Office56730 Calumet Avenue, Calumet, MI 49913May 10, 2004Full Service Brick and Mortar
    14521811Marquette 3rd Street Office Branch827 N 3rd Street, Marquette, MI 49855September 01, 2010Full Service Brick and Mortar

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