West Shore Bank

Overview / Commentary
201 West Loomis Street
Ludington, MI 49431-0627

West Shore Bank is headquartered in Ludington and is the 23rd largest bank in the state of Michigan. It is also the 1,289th largest bank in the nation. It was established in 1898 and as of June of 2022, it had grown to 130 employees at 9 locations. West Shore Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #14929
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD6.41%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$723.7MM$608.2MM
LoansQ2 2022vs Q2 2021$410.8MM$373.8MM
DepositsQ2 2022vs Q2 2021$616.0MM$528.0MM
Equity CapitalQ2 2022vs Q2 2021$47.8MM$48.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.1MM$5.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$716.00K$2.8MM
Real Estate OwnedQ2 2022vs Q2 2021$1.8MM$279.00K

Rates for West Shore Bank are currently being reviewed.


West Shore Bank Locations
Scottville Branch107-109 West State StreetScottville, MI 49454
West Shore Bank201 W Loomis StLudington, MI 49431
Cypress Street Branch306 Cypress StreetManistee, MI 49660
Hart Branch4070 West Polk RoadHart, MI 49420
Manistee Branch415 ParkdaleManistee, MI 49660
Traverse City Branch400 E. Eighth StreetTraverse City, MI 49686
Ludington Branch5725 West U.S. 10Pere Marquette Township, MI 49431
Frankfort Branch501 Main StreetFrankfort, MI 49635
Onekama Branch4945 Main StreetOnekama, MI 49675

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