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Community Shores Bank

Muskegon, MI · Cert 34944

FDIC · 4 branches

Q3 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Community Shores Bank

Muskegon, MI · Cert 34944

FDIC · 4 branches

Q3 2020

$256.8MAssets
$168.1MLoans
$231.0MDeposits
$25.5MEquity
Loan mix
43%RE $61.7M56%C&I $81.0M1%Consumer $0.9MQ3 2019Q3 2020
Deposit mix
74%Interest-bearing $172.0M26%Noninterest $59.0MQ3 2019Q3 2020

NIM

4.29%Q3 ’184.38%Q3 ’190.97%Q3 ’20-7%-74%

Non-interest income vs. expense

3.70%Q3 ’183.37%Q3 ’190.85%Q3 ’20-10%-77%

Market Position · Muskegon, MI · 2020 SOD (annual) · 10.7% share · #5 of 10 inst. · $0.2B of $1.9B

10.7% Muskegon
0.4% Ottawa

Executive Summary

  • Earnings: ROA of 0.21%, down 36 bps year over year; NIM at 0.93%.
  • Asset quality: problem loans at 0.77% of loans (-41 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 6.39%, down 262 bps from a year ago.
  • Funding: loans stand at 72.79% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.21%-36 bps YoY

Net Interest Margin (YTD, annualized)

0.93%-263 bps YoY

Efficiency Ratio (YTD, annualized)

77.66%-478 bps YoY

Tier 1 Leverage Ratio

6.39%-262 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets0.58%0.53%0.53%0.38%0.21%-36 bps
Return on Equity6.07%5.60%5.65%4.27%2.29%-378 bps
Net Interest Margin3.56%3.53%3.10%2.88%0.93%-263 bps
Efficiency Ratio82.45%83.09%83.75%87.09%77.66%-478 bps
Non-Interest Burden2.83%2.83%2.50%2.39%0.65%-217 bps
Growth
Asset Growth (YoY)13.22%9.21%8.08%25.26%26.00%+1,279 bps
Loan Growth (YoY)6.74%4.54%-3.62%14.35%8.07%+132 bps
Deposit Growth (YoY)13.77%9.49%8.14%27.03%25.57%+1,181 bps
Asset Quality
Nonperforming Loans / Loans1.18%1.22%1.20%0.99%0.77%-41 bps
Net Charge-Offs / Loans0.14%0.10%0.32%0.13%0.00%-14 bps
Allowance / Loans1.03%1.04%1.00%0.83%0.00%-103 bps
Allowance Coverage of NPLs0.9x0.9x0.8x0.8x0.0x-0.9x
Capital
Tier 1 Leverage Ratio9.01%9.18%8.83%8.20%6.39%-262 bps
Total Risk-Based Capital12.07%12.48%13.16%14.03%11.19%-88 bps
Equity / Assets9.43%9.64%9.25%8.14%9.93%+50 bps
Liquidity & Funding
Loans / Deposits84.58%84.79%75.75%78.27%72.79%-1,179 bps
Liquid Assets / Assets8.88%9.24%17.49%16.20%25.93%+1,705 bps
CRE / Total Capitaln/an/an/an/an/an/an/a