Community Shores Bank


Overview / Commentary
231-780-1800
1030 West Norton Avenue
Muskegon, MI 49441

Community Shores Bank is headquartered in Muskegon and is the 60th largest bank in the state of Michigan. It is also the 2,887th largest bank in the nation. It was established in 1999 and as of June of 2019, it had grown to 63 employees at 4 locations. Community Shores Bank's money market rates are 70% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #34944
Year Established1999
Employees63
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.8%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$198.4MM$179.0MM
LoansQ2 2019vs Q2 2018$153.9MM$143.4MM
DepositsQ2 2019vs Q2 2018$179.0MM$161.1MM
Equity CapitalQ2 2019vs Q2 2018$18.8MM$17.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.8MM$1.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.0MM$2.3MM
Real Estate OwnedQ2 2019vs Q2 2018$772.00K$1.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Community Shores Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Community Shores Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$10k*-Health Savings Account
OTHER TIERS: 0.10% $1 - $1k | 0.15% $1k - $2.5k | 0.25% $2.5k - $5k | 0.30% $5k - $10k
0.15%*$25k*-Community Savings
OTHER TIERS: 0.10% $1 - $25k

Community Shores Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Premium Money Market
OTHER TIERS: 0.15% $1 - $15k | 0.25% $15k - $50k | 0.55% $50k - $100k
0.25%*$25k*-Community Money Market
OTHER TIERS: 0.15% $1 - $25k

Community Shores Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*-$25kRewards Checking
OTHER TIERS: 0.15% $25k+
0.35%*$50k*-Community Club Checking
OTHER TIERS: 0.10% $1 - $10k | 0.15% $10k - $25k | 0.25% $25k - $50k

Community Shores Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-6 Month CD Special
1.10%$1k-48-60 Month CD
0.90%$1k-36-47 Month CD
0.75%$1k-24-35 Month CD
0.55%$1k-18-23 Month CD
0.45%$1k-12-17 Month CD
0.20%$1k-6-11 Month CD
0.10%$1k-0-5 Month CD

Community Shores Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$250-6 Month IRA Special
1.10%$250-48-60 Month IRA
0.90%$250-36-47 Month IRA
0.75%$250-24-35 Month IRA
0.55%$250-18-23 Month IRA
0.45%$250-12-17 Month IRA
0.20%$250-6-11 Month IRA
0.10%$250-0-5 Month IRA
Locations


Community Shores Bank Locations
Community Shores Bank1030 West Norton AvenueMuskegon, MI 49441
Grand Haven Branch1120 South Beacon BoulevardGrand Haven, MI 49417
North Muskegon Branch180 North CausewayNorth Muskegon, MI 49445
Harvey Street Branch5797 Harvey StreetMuskegon, MI 49444

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