🏦Bank Scorer

This institution is no longer active

Operations ceased on March 7, 1998. CRA examination history below reflects the period it was active.

SOUTH RANGE STATE BANK

SOUTH RANGE, MI · Supervised by FDIC

Est. 1903FDIC #10,556RSSD: FDIC-10556
Part ofFIRST MANISTIQUE CORP→ View all charters
Outstanding Up

Current rating · Exam: December 1995

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.73%

Is this bank safe?

SOUTH RANGE STATE BANK earned an Outstanding CRA rating (1995), meets basic financial requirements (ROA +0.73%).

Institution Profile

FDIC BankFind

Address

Trimountain Avenue, SOUTH RANGE, MI

County

Houghton County

Established

January 1, 1903

Total Assets

$79M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

December 1, 1995

Exam Type

Not Reported

Regulator

FDIC
⚠️This exam is 30 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1997Call Report / FDIC

Total Assets

$79M

Total Deposits

$69M

Net Loans

$65M

Net Income

$534K

ROA

0.73%

Above avg for Small banks. Peer avg: 0.44%

ROE

6.65%

Risk-Based Capital

10.48%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.73%Peer avg: 0.44%▲ Above avg
Risk-Based Capital10.48%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC
Exam DateRatingExam Type
Dec 1995OutstandingNot Reported
Oct 1993SatisfactoryNot Reported
Dec 1991SatisfactoryNot Reported

Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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