| Business Summary | | Community
Shores
Bank
Corporation
is
a
bank
holding
company
and
owns
all
of
the
common
stock
of
Community
Shores
Bank
(the
Bank).
The
Bank
provides
a
full
range
of
commercial
and
consumer
banking
services
primarily
in
the
communities
of
Muskegon
County
and
Northern
Ottawa
County,
in
Michigan.
The
Bank's
services
include
checking
and
savings
accounts,
certificates
of
deposit,
safe
deposit
boxes,
courier
service
and
loans
for
commercial,
mortgage
and
consumer
purposes.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$125
million.
The
Bank
offers
a
broad
range
of
deposit
services,
including
checking
accounts,
savings
accounts
and
time
deposits
of
various
types.
Transaction
accounts
and
time
certificates
are
tailored
to
the
principal
market
area.
The
Bank
solicits
these
accounts
from
individuals,
businesses,
schools,
associations,
churches,
non-profit
organizations,
financial
institutions
and
government
authorities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Community
Shores
Bank
Corporation
is
the
bank
holding
company
for
Community
Shores
Bank,
which
provides
commercial
and
consumer
banking
services
in
Michigan.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
44%
to
$5.2
million.
Net
interest
income
after
loan
loss
provision
rose
65%
to
$1.8
million.
Net
income
totalled
$36
thousand
vs.
a
loss
of
$320
thousand.
Results
reflect
an
increase
in
average
earning
assets,
a
lower
loan
loss
provision
and
higher
service
charge
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,597;
after
tax
earnings
were
32. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Jose Infante, 47 Chairman,
Pres, CEO | $156K | Ralph Berggren, 47 Sr.
VP, Sec. | -- | Heather Brolick, 40 Sr.
VP | -- | Robert Jacobs, 51 Sr.
VP | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|