# WEST SHORE BANK
LUDINGTON, MI · FDIC certificate 14929 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $833.6M | |
| Deposits | $720.2M | |
| Loans and leases | $659.4M | |
| Total equity | $78.2M | |
| Loans / deposits | 90.70% (p72 of band) | 82.04% |
| Liquid assets / assets | 15.19% (p17 of band) | |
| Uninsured deposits / deposits | 27.28% (p56 of band) | 25.97% |
| Brokered deposits | 1.92% | |
| Wholesale funding | 5.15% (p58 of band) | |
| FHLB advances / assets | 3.22% | |
| Tier 1 leverage | 9.85% (p30 of band) | 10.81% |
| Unrealized securities loss / equity | -7.18% (p53 of band) | -8.10% |
| AOCI / equity | -0.01% (p74 of band) | |
| ROA (annualized) | 0.83% (p23 of band) | 1.28% |
| Net interest margin | 3.98% (p54 of band) | 3.91% |
| Efficiency ratio | 76.64% (p85 of band) | |
| Noncurrent loans | 1.24% (p78 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p41 of band) | |
| Reserve coverage of noncurrent | 76.72% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 58.97% (p63 of band) | |
| Auto loans | $5.8M (0.89% of loans; DQ 1.47%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 10.4% | |
| Employees | 137 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 1 |  | wholesale funding >15% |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 0 |  | reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 0 |  | capital falling |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | expense ratio p90 |  |
| 2019-09 | 0 |  | expense ratio p90 |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 0 |  | reserve under noncurrent |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | capital falling, AOCI drag >20% of equity |  |
| 2022-09 | 2 | securities losses >30% of equity | capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 0 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 4 | wholesale funding >15%, securities losses >30% of equity, deposits shrinking, uninsured deposits leaving |  |
| 2023-09 | 1 |  | wholesale funding >15%, deposits shrinking, uninsured deposits leaving |
| 2023-12 | 1 | capital falling | securities losses >30% of equity |
| 2024-03 | 0 |  | capital falling |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 1 | reserve under noncurrent |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-06 [West Shore Bank announces additions to Hart office - OceanaCountyPress.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxQQzAtLU9PWDdWaFh0bXhOTkZqYlR2UVFDY0RzOXdFTkZiY2hPSXFCVWp5cm5aMl9GdzBnVWFOZDdVb1cyNlhxV0Z5ZTlLWU13RlJQTjVITWNaNlp2Vkt4dEtkZ1hWdWRaNzZ5VFB4YjJPVWlYZmE1ZkswZ0llcURYM3JlRUZSNWpaWVZybkhVdFpqY21NTGtB?oc=5) · OceanaCountyPress.com
- 2026-07-20 [West Shore Bank’s Rhythm & Dunes kicks off Saturday with Mark Blomsteel & The Motor City Drive - MasonCountyPress.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxPV0VpS3haeElkd0NPTERhMkN6Unhoa3RHejI0LWFTcXlFeW5NOTEyRmpySGZ3Y1dRQU5yNTYtUUN6aUZvd0h3ZkhoTVFqYW9EOHJSNXNiWEhjb3huYjFLNUc1SHJRQVJGVVl6WWJSX2xESE16bG9JcTN3S05LT3lBb2xVQThQcTZPa2sxMC02d3FEV09nZVZkNG9yck1vMXk2SjJ0U0RWa0JqYjd6WFVVWE41QW5rQWZncGlhVEdWeUtvWWU1VWRndk43dzhTdVU?oc=5) · MasonCountyPress.com
- 2026-09-02 [Adelaide Pointe battles brewery foreclosure amid second lender dispute - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2024-06-25 [Ludington bank president new MBA board chairman - Manistee News Advocate](https://news.google.com/rss/articles/CBMipgFBVV95cUxOYV9wc0VrTlRKSEYyRndadEZKaU1kTV90Y05mams2SHQwYjFYQURNaVMyS0dNaFVOSVNqcWhvZWs4VU1qeDVkVHNuQ21TbFFJNXRFRVl1RERKaUpQSXFxU1dFZ19HNm4zLTVBZEh4dE5sczNVLTBxSl9qMlRyMGdJZ0s4TkV5ZFVhZ0xaZU9ORVB1RXNLblg4aHZwVmtuX01wUm5lV1N3?oc=5) · Manistee News Advocate
- 2023-05-20 [Join Us For Recess June 7 at the West Shore Bank Event Space! - The Ticker](https://news.google.com/rss/articles/CBMingFBVV95cUxNTi1wWm10eG13WUhnLUdpUFpLMUo5WGg0NWhPZGRoSUZjMURqeXdKeG1aZldHYkZYUU1oQ0ZlNi1fQjNTTng3N2p4N0ttT3diT1YxUmNWVnMyWW40Q0Zxd3drYkwxQlk2eUVJUUtEOGpqS1NUSnItRFUycFg2akVRMHN3QXR0ajh6WWo0ckxTZExFdW5ET015N2ZtdzhBdw?oc=5) · The Ticker
- 2020-11-03 [West Shore Bank Hosts Annual ‘Spirit of Giving’ Fundraiser - 9and10News.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxNaF9WcS0wbkpPU05EdG5TcnRxcjI2N2dCNGJzM2hhOVR2TFJLRV80eTNQUzJadFJHTzJ2NENUT0h4MGE2d21sa2xwQlczRkVLYmc4eTR5MFdFZURZN2ZUazBfQVphaVRDQ2h0MGFzSUh2QTZaUm9Vb1dRTDl3ZXFJdGpjeDgtdGhuWFc3Ty1SWjdabTFSMlZqU0YzZw?oc=5) · 9and10News.com
- 2024-11-13 [West Shore Bank's board chairman retires after 23 years - Midland Daily News](https://news.google.com/rss/articles/CBMipAFBVV95cUxNbENPbkpmN2xLdDVaS0swVGZRWGhQc2dOZzhQQ3NkXzJHb0JnV3pWZW9GMVJXT0xZb25Yd0RNMDZrNGVucXN3X0tHMkJKMFNSdmNRT3loMDBCSTRRaG9kellEWXpzR25wRWhNOVVXTVl2alFzWXd5WHdHSHVwTTY5Z1FpeFJsY0dzTEctY0lNdXpLVVhaR1V6bWRQNlNqbURFQ05LVg?oc=5) · Midland Daily News
- 2023-01-27 [West Shore Bank celebrating 125 years - MasonCountyPress.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNQVpJNHFQMEl6QllqQjVJc3cxS1Q5SG1WOWNXb3Z2dnBTTVNRT2dPQnNNNHQ4SUZHd2pkWEMteW8tZm1nU3QxMk5uZEV3MFRZOHlRMVpXWTRfVnlLQkpVaEh0U0R6OWdBSklYUGdxOXRxM0dwcE5tY1IwMVhkamJUdVdaS0xSWDRCeVE?oc=5) · MasonCountyPress.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14929 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/17.json (key "14929", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide