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West Shore Bank

Ludington, MI
IDRSSD: 832546
Total Assets
$836.56M
Latest filing
Total Deposits
$700.40M
Latest filing
Net Interest Margin
4.14%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date07/25/1898
Community BankYes
Ownership TypeNot Mutual
ZIP49431
State and County Number26105
Subchapter S CorporationsNo
Trust PowersFull Trust Powers Granted
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameLudington, MI

Operational Info

Number of Employees132
Domestic Offices9
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date10/09/2022
Date of Deposit Insurance10/06/1934
Primary Insurance AgencyDIF
Websitewww.westshorebank.com
Data Updated11/14/2025
CERT14929
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$836.56M
Total Deposits$700.40M
Total Liabilities$763.51M
Total Equity Capital$73.05M
Net Income$2.21M
Net Loans and Leases$600.00M
Assets Per Employee ($Millions)$6.39M
Bank Premises and Fixed Assets$23.32M
Cash and Balances due from Depository Institutions$82.06M
Deposits Held in Domestic Offices$700.40M

Key Performance Ratios

Return on Assets (ROA)1.09%
Return on Equity (ROE)12.78%
Net Interest Margin4.14%
Efficiency Ratio70%
Tier 1 Risk-Based Capital Ratio11.799%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.07%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets8.732%
Earning Assets to total Assets91.52%

Income and Expense

Total Interest Income$10.96M
Total Noninterest Income$1.73M
Total Interest Expense$3.28M
Total Noninterest Expense$6.59M
Net Interest Income$7.68M
Pre-tax Net Operating Income$2.68M
Provision for Credit Losses$140.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$31.80M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$24.70M
All Other Liabilities$6.61M
Total Liabilities and Capital$836.56M

Securities

Securities$101.30M
Available-for-sale debt securities$101.30M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of West Shore Bank?
$836.56M as of the latest filing.
How much are West Shore Bank's total deposits?
$700.40M in total deposits.
Where is West Shore Bank located?
Ludington, MI.
What is the Net Interest Margin?
4.14%.
How many domestic offices does it operate?
9.
When was it established?
07/25/1898.
What is the Return on Assets (ROA)?
1.09%.
How much are total loans and leases?
$600.00M (latest filing).
What is the total interest income (latest filing)?
$10.96M.