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Gogebic Range Bank

Ironwood, MI · Cert 57192

FDIC · 4 branches

Q4 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q4 2025, the quarter ended December 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=495 to 541). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

1

Q2 2024Q4 2025peer median (50)

Asset Quality

9

Q2 2024Q4 2025peer median (50)

Profitability

16

Q2 2024Q4 2025peer median (50)

Liquidity

0

Q2 2024Q4 2025peer median

Efficiency

3

Q2 2024Q4 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gogebic Range Bank

Ironwood, MI · Cert 57192

FDIC · 4 branches

Q4 2025

$142.5MAssets
$59.3MLoans
$130.8MDeposits
$8.9MEquity
Loan mix
54%RE $32.3M37%C&I $21.8M9%Consumer $5.1MQ4 2024Q4 2025
Deposit mix
71%Interest-bearing $93.2M29%Noninterest $37.6MQ4 2024Q4 2025

NIM

3.68%Q4 ’234.10%Q4 ’243.99%Q4 ’25-2%+3%

Non-interest income vs. expense

2.58%Q4 ’232.68%Q4 ’245.47%Q4 ’25+4%+118%

Executive Summary

  • Earnings: ROA of -2.09%, down 276 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 2.35% of loans (+68 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 8.15%, down 216 bps from a year ago.
  • Funding: loans stand at 45.35% of deposits as of Q4 2025.

Financial Results

Return on Assets (YTD, annualized)

-2.09%-276 bps YoY

Net Interest Margin (YTD, annualized)

3.25%+9 bps YoY

Efficiency Ratio (YTD, annualized)

152.71%+7,710 bps YoY

Tier 1 Leverage Ratio

8.15%-216 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.67%0.58%0.64%0.74%-2.09%-276 bps
Return on Equity9.62%7.35%8.06%9.23%-27.30%-3,693 bps
Net Interest Margin3.16%3.20%3.30%3.25%3.25%+9 bps
Efficiency Ratio75.61%81.65%80.85%76.01%152.71%+7,710 bps
Non-Interest Burden2.36%2.57%2.62%2.41%5.16%+279 bps
Growth
Asset Growth (YoY)-3.69%-7.10%-3.36%1.56%0.04%+372 bps
Loan Growth (YoY)5.15%-1.84%-5.76%-0.14%-0.64%-578 bps
Deposit Growth (YoY)-3.48%-8.59%-2.07%2.91%2.44%+592 bps
Asset Quality
Nonperforming Loans / Loans1.68%1.79%1.78%1.67%2.35%+68 bps
Net Charge-Offs / Loans0.03%-0.01%0.07%0.17%0.15%+12 bps
Allowance / Loans2.49%2.61%2.56%2.45%2.36%-13 bps
Allowance Coverage of NPLs1.5x1.5x1.4x1.5x1.0x-0.5x
Capital
Tier 1 Leverage Ratio10.31%10.56%10.85%10.73%8.15%-216 bps
Total Risk-Based Capital10.31%10.56%10.85%10.73%8.15%-216 bps
Equity / Assets7.92%7.76%8.02%8.24%6.24%-168 bps
Liquidity & Funding
Loans / Deposits46.76%44.51%43.53%42.27%45.35%-140 bps
Liquid Assets / Assets12.82%12.70%16.42%15.28%13.49%+67 bps
CRE / Total Capitaln/an/an/a127.84%174.98%n/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Gogebic Range Bank

Ironwood, MI · Cert 57192 · Peer group: banks under $1B in assets (n=495-541)

FDIC · 4 branches

Q4 2025

$142.5MAssets
$59.3MLoans
$130.8MDeposits
$8.9MEquity

Executive Summary

  • Strongest standing: brokered deposits / deposits outperforms 100% of banks under $1B in assets (rank 289 of 506).
  • Widest gap: total risk-based capital ratio trails 100% of banks under $1B in assets (rank 540 of 541).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-2.09%

Rank 526 of 541

Net Interest Margin

3.25%

Rank 308 of 541

Efficiency Ratio

153.38%

Rank 524 of 540

Equity / Assets

6.24%

Rank 523 of 541

Non-interest income vs. expense

$0.5M$8.2MINCOMEEXPENSE
Unfavorable gap of $7.8M · efficiency ratio beats 3% of banks under $1B in assets
Bank 153.38%Peer median 68.7%Q2 2024Q4 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-2.09%0.56%0.97%1.38%Beats 3%526 / 541
Return on Equity-33.54%5.68%9.28%12.43%Beats 1%535 / 541
Net Interest Margin3.25%2.87%3.39%3.85%Beats 43%308 / 541
Efficiency Ratio153.38%58.91%68.65%80.35%Beats 3%524 / 540
Asset Quality
Nonperforming Loans / Loans2.35%0.07%0.34%1.07%Beats 9%453 / 495
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio8.15%10.99%13.81%17.99%Beats 0%540 / 541
Total Risk-Based Capital Ratio8.15%11.43%14.30%18.80%Beats 0%540 / 541
Equity / Assets6.24%8.87%10.43%13.26%Beats 3%523 / 541
Liquidity & Funding
Loans / Deposits45.35%65.07%79.29%92.66%6th pctl463 / 495
Loans / Assets41.62%55.91%67.98%77.76%9th pctl451 / 495
Brokered Deposits / Deposits0.00%n/an/a3.32%Beats 100%289 / 506