West Shore Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.76%	5-year CD	60 Month CD 2.03% - National Average
0.50%	1-year CD	12 Month CD 2.45% - Barclays 12 Month Online CD
1.51%	4-year CD	48 Month CD 2.65% - Barclays 48 Month Online CD

View all West Shore Bank rates »

Overview / Commentary

www.westshorebank.com

231-845-3500

201 West Loomis Street
Ludington, MI 49431

West Shore Bank is headquartered in Ludington and is the 29^th largest bank in the state of Michigan. It is also the 1,590^th 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

B+

Data as of Q2 2018

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Health Grade Components

Overall
FDIC Certificate #	14929
Year Established	1898
Employees	123
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.78%
Return on Equity - YTD	8.82%
Annual Interest Income	$8.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$438.1MM$418.4MM
Loans	Q2 2018vs Q2 2017	$311.7MM$276.4MM
Deposits	Q2 2018vs Q2 2017	$338.3MM$328.7MM
Equity Capital	Q2 2018vs Q2 2017	$38.2MM$37.7MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$3.1MM$3.3MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$1.9MM$1.8MM
Real Estate Owned	Q2 2018vs Q2 2017	$385.00K$798.00K

Rates

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West Shore Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

West Shore Bank Locations
Scottville Branch	107-109 West State Street	Scottville, MI 49454
West Shore Bank	201 West Loomis Street	Ludington, MI 49431
Cypress Street Branch	306 Cypress Street	Manistee, MI 49660
Hart Branch	4070 West Polk Road	Hart, MI 49420
Manistee Branch	415 Parkdale	Manistee, MI 49660
Ludington Branch	5725 West U.S. 10	Pere Marquette Township, MI 49431
Frankfort Branch	501 Main Street	Frankfort, MI 49635
Onekama Branch	4945 Main Street	Onekama, MI 49675
Traverse City Branch	627 W. Front Street	Traverse City, MI 49684

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