2. Community Shores Bank

Community Shores Bank


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

Community Shores Bank is headquartered in Muskegon and is the 59th largest bank in the state of Michigan. It is also the 2,858th largest bank in the nation. It was established in 1999 and as of September of 2019, it had grown to 64 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.

Related Posts

Community Shores Bank (MI) Rewards Checking Earns 3.25% APY - 12/30/2019

Community Shores Bank's (West Michigan) Rewards Checking account currently earns 3.25% APY on qualify balances up to $25k. Qualifying balances of $25k+ earn 0.15% APY.

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Health
B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34944
Year Established1999
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.07%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$203.8MM$180.0MM
LoansQ3 2019vs Q3 2018$154.0MM$144.0MM
DepositsQ3 2019vs Q3 2018$184.0MM$161.7MM
Equity CapitalQ3 2019vs Q3 2018$19.2MM$17.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.6MM$1.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.8MM$2.1MM
Real Estate OwnedQ3 2019vs Q3 2018$712.00K$906.00K
Rates
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* 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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