Vitals
  • Total Assets
    427.9M 9.6 %
  • Total Deposits
    344.7M 9.7 %
  • Total Net Loans
    274.9M 9.8 %
  • Net Income
    2.1M -21.6 %
  • Book Value
    35.1M -1.4 %
  • Book Value x2
    70.2M -1.4 %
  • Book Value x3
    105.2M -1.4 %
ROAA

.518

ROAE

5.881

Efficiency Ratio

80.798

Net Interest Margin

3.798

Balance Sheet Highlights
Financial Highlights West Shore Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 427,927 330,697
Total Net Loans 274,898 227,599
Total Deposits 344,679 278,247
Total Equity 35,078 33,935
Profitability
Net Income 2,126 3,589
Return on Average Assets .518 .954
Return on Average Equity 5.881 8.772
Net Interest Margin 3.798 3.821
Efficiency Ratio 80.798 71.925
Noninterest Income/Revenue 18.123 24.061
Balance Sheet Ratios
Loan-to-Deposit 79.755 76.845
Securities/Assets .249 .16
Total Equity/Total Assets .082 .103
Tangible Equity/Tangible Assets .077 .098
Capital Adequacy
Tier 1 Common Capital 34,687 32,553
Tier 1 Capital 34,687 32,664
Tier 2 Capital 3,199 2,479
Total Capital 37,886 35,133
Total Risk Weighted Assets 293,999 242,208
Leverage Ratio 8.1 10.341
Common Equity Tier 1 Capital Ratio 11.8 15.339
Tier 1 Capital Ratio 11.8 15.393
Total Capital Ratio 12.89 16.423

Timeline for West Shore Bank

West Michigan Bank & Trust

Acquisition: West Shore Bank acquired a new subsidiary, West Michigan Bank & Trust, 7 years

View Profile Aug 13 2016

Michigan Capital Fund For Housing Limited Partnership Viii

Michigan Capital Fund For Housing Limited Partnership Viii became a new subsidiary organization for West Shore Bank.

View Profile Apr 22 2003

West Shore Mortgage Company

West Shore Mortgage Company became a new subsidiary organization for West Shore Bank.

View Profile Jan 29 2001

State Street Insurance Agency, Inc.

State Street Insurance Agency, Inc. became a new subsidiary organization for West Shore Bank.

View Profile Apr 11 1996

West Shore Bank Corporation

West Shore Bank Corporation became a new parent organization for West Shore Bank.

View Profile Feb 09 1982

Want to see more?

Complete timeline for West Shore Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
West Michigan Bank & Trust Seller 40,160 Acquisition Discontinued 8/13/2016
Relationships Role Relationship Start Relationship End
West Shore Bank Corporation Parent 2/9/1982
West Shore Computer Services, Inc. Subsidary 10/27/2006
State Street Insurance Agency, Inc. Subsidary 6/30/2007
Michigan Capital Fund For Housing Limited Partnership Viii Subsidary 4/22/2003
West Shore Mortgage Company Subsidary 6/30/2007 11/30/2009
State Street Insurance Agency, Inc. Subsidary 4/11/1996 6/29/2007
West Shore Mortgage Company Subsidary 1/29/2001 6/29/2007
West Shore Computer Services, Inc. Subsidary 2/9/1982 8/31/2001
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