Community Shores Bank in Muskegon, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Shores Bank in Muskegon, Michigan (MI)
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Community Shores Bank routing number info

Community Shores Bank - Overview

  • General
  • FDIC Certificate #: 34944
    Status: Active
    Federal Reserve ID: 2735324
    Bank Holding Company (Regulatory Top Holder): Community Shores Bank Corporation (RSSDID: 2735333, Location: Muskegon, MI)
    Date Established: January 15, 1999
    WWW: http://www.communityshores.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 62118
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 15, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1030 West Norton Avenue, Muskegon, MI 49441
    County: Muskegon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Muskegon-Norton Shores, MI (#34740)
    CBSA Metro Statistical Area: Muskegon-Norton Shores, MI (#34740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $208.6 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $191.6 mil
    Return on assets (ROA): -0.87% (-$1.8 mil)
    Quarterly return on assets: -0.76% (-$1.6 mil)
    Return on Equity (ROE): -20.63% (-$1.9 mil)
    Quarterly return on equity: -18.26% (-$1.6 mil)
    Net income: -$2.0 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.92% (-$1,919.3 mil)
    Quarterly Pretax return on assets: -0.95% (-$1,981.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $208,623Total assets
  • $8,919Cash and due from depository institutions
  • $6,493Interest-bearing balances
  • $34,572Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $149,895Net loans & leases
  • $5,299Loan loss allowance
  • $0Trading account assets
  • $10,398Bank premises and fixed assets
  • $3,277Other real estate owned
  • $76Goodwill and other intangibles
  • $208,624Life insurance assets
  • $1,486All other assets
  • $199,970Total liabilities and capital
  • $191,605Total liabilities
  • $158,298Total deposits
  • $191,605Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 7815.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $550Subordinated debt
  • $8,654All other liabilities
  • $8,654Total equity capital
  • $8,654Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $20,285Surplus
  • $-12,631Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,535Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,734Income earned, not collected on loans
  • $0Earning assets
  • $746Long-term assets (5+ years)
  • $190,960Average Assets, year-to-date
  • $34,880Average Assets, quarterly
  • $226,288Volatile liabilities
  • $213,687Insider loans
  • $161,810FHLB advances
  • $218,908Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,287Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,583Restructured Loans and leases
  • $3,658Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,824Total interest income
  • $2,918Total interest expense
  • $7,906Net interest income
  • $2,484Provision for loan and lease losses
  • $818Total noninterest income
  • $0Fiduciary activities
  • $742Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $8,315Total noninterest expense
  • $4,044Salaries and employee benefits
  • $1,132Premises and equipment expense
  • $3,139Additional noninterest expense
  • -$2,075Pre-tax net operating income
  • $3Securities gains (losses)
  • -$104Applicable income taxes
  • -$1,968Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,968Net income attributable to bank
  • $0Net charge-offs
  • -$1,968Cash dividends
  • $1,976Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -0.87%Net operating income to assets
  • -0.87%Return on assets (ROA)
  • -0.92%Pretax return on assets
  • -20.63%Return on equity (ROE)
  • -20.63%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 125.71%Credit loss provision to net charge-offs
  • 0.21%Efficiency ratio
  • 95,312Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 78.69%Noncurrent assets plus other real estate owned to assets
  • 4.80%Noncurrent loans to loans
  • 4.34%Net loans and leases to deposits
  • 78.23%Net loans and leases to core deposits
  • 80.99%Equity capital to assets
  • 4.15%Core capital (leverage) ratio
  • 3.79%Tier 1 risk-based capital ratio
  • 5.12%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $226,288Average earning assets
  • $9,542Average equity
  • $207,894Average loans

Bank Assets Sold and Securitized (December 31, 2008)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $1,340Commercial and industrial loans
  • $766All other loans and all leases
  • Past due loan amounts 30-89 days (included in principal balance)
  • $01-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $90Commercial and industrial loans
  • $0All other loans and all leases

List of branches

  • 4 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    062118Community Shores Bank1030 West Norton Avenue, Muskegon, MI 49441January 15, 1999Full Service Brick and Mortar
    3456496Harvey Street Branch5797 Harvey Street, Muskegon, MI 49444November 06, 2006Full Service Brick and Mortar
    4458100North Muskegon Branch180 North Causeway, North Muskegon, MI 49445January 08, 2007Full Service Brick and Mortar
    5467994Grand Haven Branch1120 South Beacon Boulevard, Grand Haven, MI 49417August 20, 2007Full Service Brick and Mortar

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