Overview / Commentary
201 West Loomis Street
Ludington, MI 49431

West Shore Bank is headquartered in Ludington and is the 29th largest bank in the state of Michigan. It is also the 1,590th largest bank in the nation. It was established in 1898 and as of June of 2018, it had grown to 123 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 - YTD0.78%
Return on Equity - YTD8.82%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$438.1MM$418.4MM
LoansQ2 2018vs Q2 2017$311.7MM$276.4MM
DepositsQ2 2018vs Q2 2017$338.3MM$328.7MM
Equity CapitalQ2 2018vs Q2 2017$38.2MM$37.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.1MM$3.3MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.9MM$1.8MM
Real Estate OwnedQ2 2018vs Q2 2017$385.00K$798.00K
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West Shore Bank CD Rates

2.52%$500-24 Month CD Special - New Money
2.27%$500-15 Month CD Special - New money
2.02%$500-60 Month Relationship CD
1.76%$500-48 Month Relationship CD
1.76%$500-60 Month CD
1.51%$500-48 Month CD
1.51%$500-36 Month Relationship CD
1.26%$500-36 Month CD
1.00%$500-24 Month CD
0.75%$500-18 Month CD
0.50%$500-12 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

West Shore Bank IRA Rates

1.51%$500-48 Month Fixed Rate IRA
1.26%$500-36 Month Fixed Rate IRA
1.00%$500-24 Month Fixed Rate IRA
0.50%$500-12 Month Fixed Rate IRA

West Shore Bank Locations
Scottville Branch107-109 West State StreetScottville, MI 49454
West Shore Bank201 West Loomis StreetLudington, MI 49431
Cypress Street Branch306 Cypress StreetManistee, MI 49660
Hart Branch4070 West Polk RoadHart, MI 49420
Manistee Branch415 ParkdaleManistee, MI 49660
Ludington Branch5725 West U.S. 10Pere Marquette Township, MI 49431
Frankfort Branch501 Main StreetFrankfort, MI 49635
Onekama Branch4945 Main StreetOnekama, MI 49675
Traverse City Branch627 W. Front StreetTraverse City, MI 49684

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