2. Community Shores Bank

Community Shores Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
0.45%1-year CD
2.55% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
0.15%Savings
2.00% - American Express National Bank High Yield Savings AccountAdvertisement
1.10%4-year CD
2.75% - Barclays 48 Month Online CDAdvertisement
View all Community Shores Bank rates »

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

Community Shores Bank is headquartered in Muskegon and is the 63rd largest bank in the state of Michigan. It is also the 3,106th largest bank in the nation. It was established in 1999 and as of June of 2018, it had grown to 64 employees at 4 locations. Community Shores Bank's CD rates are 94% higher than the national average, and it has a C+ health rating.

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Health
C+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34944
Year Established1999
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.37%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$179.0MM$192.7MM
LoansQ2 2018vs Q2 2017$143.4MM$137.0MM
DepositsQ2 2018vs Q2 2017$161.1MM$169.2MM
Equity CapitalQ2 2018vs Q2 2017$17.5MM$17.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.9MM$1.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$2.3MM$206.00K
Real Estate OwnedQ2 2018vs Q2 2017$1.1MM$1.4MM
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%*$50k*-Community Club
OTHER TIERS: 0.10% → $1 - $10k | 0.15% → $10k - $25k | 0.25% → $25k - $50k
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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-24 Month CD Special
1.75%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$250-24 Month IRA Special
1.75%$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
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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