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 60^th largest bank in the state of Michigan. It is also the 2,887^th 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+

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	34944
Year Established	1999
Employees	63
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.55%
Return on Equity - YTD	5.8%
Annual Interest Income	$4.3MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$198.4MM$179.0MM
Loans	Q2 2019vs Q2 2018	$153.9MM$143.4MM
Deposits	Q2 2019vs Q2 2018	$179.0MM$161.1MM
Equity Capital	Q2 2019vs Q2 2018	$18.8MM$17.5MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$1.8MM$1.9MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$2.0MM$2.3MM
Real Estate Owned	Q2 2019vs Q2 2018	$772.00K$1.1MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
3.25%^*	-	$25k	Rewards 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Bank	1030 West Norton Avenue	Muskegon, MI 49441
Grand Haven Branch	1120 South Beacon Boulevard	Grand Haven, MI 49417
North Muskegon Branch	180 North Causeway	North Muskegon, MI 49445
Harvey Street Branch	5797 Harvey Street	Muskegon, MI 49444

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