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Community Shores Bank

Overview / Commentary
1030 West Norton Avenue
Muskegon, MI 49441

Community Shores Bank is headquartered in Muskegon and is the 61st largest bank in the state of Michigan. It is also the 2,909th largest bank in the nation. It was established in 1999 and as of March of 2019, it had grown to 63 employees at 4 locations. Community Shores Bank's CD rates are 2X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #34944
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.32%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$199.7MM$194.2MM
LoansQ1 2019vs Q1 2018$151.8MM$141.7MM
DepositsQ1 2019vs Q1 2018$180.7MM$176.5MM
Equity CapitalQ1 2019vs Q1 2018$18.4MM$17.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.8MM$1.9MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.0MM$2.3MM
Real Estate OwnedQ1 2019vs Q1 2018$798.00K$1.2MM
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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

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

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

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

2.75%$1k-24 Month CD Special
2.40%$1k-18 Month CD Special
2.00%$1k-12 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

2.75%$250-24 Month IRA Special
2.40%$250-18 Month IRA Special
2.00%$250-12 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

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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