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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 54th largest bank in the state of Michigan. It is also the 2,670th largest bank in the nation. It was established in 1999 and as of June of 2020, it had grown to 55 employees at 4 locations. Community Shores Bank 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 Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34944
Year Established1999
Employees55
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD4.27%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$248.5MM$198.4MM
LoansQ2 2020vs Q2 2019$176.5MM$153.9MM
DepositsQ2 2020vs Q2 2019$227.4MM$179.0MM
Equity CapitalQ2 2020vs Q2 2019$20.2MM$18.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.5MM$1.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.8MM$2.0MM
Real Estate OwnedQ2 2020vs Q2 2019$394.00K$772.00K
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
0.15%*$10k*-Health Savings Account
OTHER TIERS: 0.05% → $1 - $2.5k | 0.10% → $2.5k - $10k
0.05%*$25k*-Community Savings
OTHER TIERS: 0.03% → $1 - $25k

Community Shores Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Premium Money Market
OTHER TIERS: 0.10% → $1 - $15k | 0.15% → $15k - $50k
0.10%*$25k*-Community Money Market
OTHER TIERS: 0.05% → $1 - $25k

Community Shores Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Community Club Checking
OTHER TIERS: 0.10% → $1 - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k

Community Shores Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-48-60 Month CD
0.50%$1k-36-47 Month CD
0.40%$1k-24-35 Month CD
0.30%$1k-18-23 Month CD
0.20%$1k-12-17 Month CD
0.10%$1k-6-11 Month CD
0.07%$1k-0-5 Month CD

Community Shores Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$250-48-60 Month IRA
0.50%$250-36-47 Month IRA
0.40%$250-24-35 Month IRA
0.30%$250-18-23 Month IRA
0.20%$250-12-17 Month IRA
0.10%$250-6-11 Month IRA
0.07%$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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