West Shore Bank
LOCATIONS
9
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
2.52% APY
24 Month CD Special - New Money
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.76% | 5-year CD | 60 Month CD |
| 0.50% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
| 1.51% | 4-year CD | 48 Month CD |
Overview / Commentary
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.
Health
B+
Data as of Q2 2018
Learn why bank health mattersHealth 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 |
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West Shore Bank CD Rates
West Shore Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 |