Ludington, MI · Cert 14929 · West Shore Bank Corp.
State charter, non-member · FDIC · 9 branches
Q2 2026
Market Position · Traverse City, MI · 2026 SOD (annual) · 2.4% share · #9 of 13 inst. · $0.1B of $4.8B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.95% | 0.95% | 0.69% | 0.95% | 1.09% | 0.71% | 0.88% | 0.78% | -17 bps | |
| Return on Equity | 12.99% | 12.52% | 8.65% | 11.67% | 12.78% | 7.91% | 9.58% | 8.41% | -327 bps | |
| Net Interest Margin | 3.28% | 3.27% | 3.39% | 3.60% | 3.84% | 3.73% | 3.65% | 3.68% | +8 bps | |
| Efficiency Ratio | 72.14% | 69.54% | 77.07% | 72.15% | 70.00% | 79.27% | 75.36% | 77.93% | +578 bps | |
| Non-Interest Burden | 2.05% | 2.03% | 2.46% | 2.37% | 2.42% | 2.79% | 2.55% | 2.68% | +31 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.93% | 6.59% | 6.12% | 3.08% | 3.45% | 6.75% | 6.37% | 5.57% | +249 bps | |
| Loan Growth (YoY) | 14.27% | 14.77% | 14.10% | 7.59% | 7.33% | 12.10% | 8.51% | 10.12% | +253 bps | |
| Deposit Growth (YoY) | 13.80% | 10.81% | 9.69% | -3.08% | -0.53% | 4.01% | 5.77% | 10.44% | +1,352 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.08% | 0.09% | 0.08% | 0.06% | 0.06% | 0.27% | 0.27% | 1.24% | +117 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.04% | 0.00% | 0.01% | 0.05% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.98% | 0.97% | 0.97% | 0.98% | 0.99% | 0.95% | 0.96% | 0.95% | -3 bps | |
| Allowance Coverage of NPLs | 12.4x | 11.1x | 12.5x | 15.8x | 15.8x | 3.5x | 3.6x | 0.8x | -15.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.26% | 8.47% | 8.65% | 8.91% | 9.49% | 9.39% | 9.55% | 9.85% | +93 bps | |
| Total Risk-Based Capital | 11.65% | 11.65% | 11.56% | 11.52% | 12.76% | 12.53% | 12.73% | 12.62% | +110 bps | |
| Equity / Assets | 7.40% | 7.86% | 8.02% | 8.26% | 8.73% | 9.12% | 9.25% | 9.38% | +113 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.19% | 86.62% | 89.88% | 91.83% | 86.52% | 93.35% | 92.21% | 91.56% | -27 bps | |
| Liquid Assets / Assets | 6.43% | 1.66% | 0.61% | 1.64% | 7.69% | 2.90% | 4.14% | 3.47% | +183 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 419% | 427% | 420% | n/a | n/a | |