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 West Shore Bank
West Shore Bank
| RSSD ID 832546 | CERTIFICATE 14929 | ABA NUMBER 72408290 |
| 201 W Loomis St |
Quarter Ended : |
2025-03-31 |
| Ludington, Michigan, 49431 |
Updated : |
2025-04-30 |
| www.westshorebank.com |
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| Institution Profile |
| Year Opened : |
1898 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
9 |
Number of Employees : |
125 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 778,471 |
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Total Interest Income | 10,185 |
| Total Liabilities | 716,010 |
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Total NonInterest Income | 1,203 |
| Total Bank Equity Capital | 62,461 |
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Total Interest Expense | 3,577 |
| Total Deposits | 658,620 |
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Total NonInterest Expense | 6,020 |
| Net Loans & Leases | 585,760 |
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Net Income | 1,328 |
| Loan Loss Allowance | 5,716 |
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Net Charge Offs | 58 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 73,455 |
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Total loans | 582,526 |
| Total assets for the leverage ratio | 780,492 |
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Loans secured by real estate: | 455,578 |
| Tier 1 Leverage Ratio | 8.65 |
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Commercial and industrial loans | 106,008 |
| Tier 1 Capital Ratio | 10.62 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.56 |
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Loans to individuals - Other | 14,066 |
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:· West Shore Bank
