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Last $2.40 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

community shores bank corp (CSHB) Snapshot

Open
$2.40
Previous Close
$2.40
Day High
$2.40
Day Low
$2.40
52 Week High
06/3/14 - $3.60
52 Week Low
12/30/14 - $1.25
Market Cap
3.5M
Average Volume 10 Days
577.3
EPS TTM
$2.95
Shares Outstanding
1.5M
EX-Date
--
P/E TM
0.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for COMMUNITY SHORES BANK CORP (CSHB)

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community shores bank corp (CSHB) Details

Community Shores Bank Corporation operates as a bank holding company for Community Shores Bank that provides commercial and consumer banking services primarily in the communities of Muskegon County and Northern Ottawa County, Michigan. Its deposit solutions include checking and savings accounts, certificates of deposit, and time deposits. The company’s loan portfolio comprises residential mortgage loans; commercial loans for general operating purposes, as well as for the acquisition of fixed assets, purchase of equipment and machinery, and financing of inventory and accounts receivable; and commercial real estate loans. It also offers consumer loans, including fixed home equity and equity lines of credit, new and used automobile loans, boat loans, personal unsecured lines of credit, credit cards, and overdraft protection for checking account customers. In addition, the company provides electronic banking services; safe deposit boxes; and courier services. The company was founded in 1998 and is based in Muskegon, Michigan.

52 Employees
Last Reported Date: 03/31/15
Founded in 1998

community shores bank corp (CSHB) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $195.3K
Co-Founder, Chief Financial Officer, Principa...
Total Annual Compensation: $129.6K
Senior Vice President, Secretary, Head of Com...
Total Annual Compensation: $114.8K
Compensation as of Fiscal Year 2014.

community shores bank corp (CSHB) Key Developments

Community Shores Bank Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2015

Community Shores Bank Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $1,770,892 against $1,845,038 a year ago. Net interest income was $1,533,428 against $1,563,961 a year ago. Net interest income after provision for loan losses was $1,533,428 against $1,563,961 a year ago. Income before income taxes was $49,267 against $110,723 a year ago. Net income was $32,515 against $110,723 a year ago. Basic and diluted earnings per share were $0.02 against $0.08 a year ago. First quarter 2015 results reflect lower net interest income and higher non-interest and federal tax expenses compared to the prior year period. Return on average assets was 0.07% against 0.23% a year ago. Return on average common equity was 1.57% against 11.54% a year ago. Book value per share was $5.56 as at March 31, 2015 against $2.59 as at March 31, 2014. For the quarter, the company reported net loan charge-offs of $370,000.

Community Shores Bank Corp. Reports Unaudited Earnings Results for the Year Ended December 31, 2014

Community Shores Bank Corp. reported unaudited earnings results for the year ended December 31, 2014. For the year, the company reported net interest income of $6,158,000, income before income tax of $294,000 and net income of $4,332,000 or $2.95 per basic and diluted share against net interest income of $6,347,000, income before income tax of $5,645,000 and net income of $5,540,000 or $3.77 per basic and diluted share for the same period a year ago. Return on average assets was 2.25% against 2.86% for the same period a year ago. Return on average shareholders' equity was 107.63% against 196.56% for the same period a year ago. Book value per share at December 31, 2014 was $5.50 against $2.49 at December 31, 2013.

Community Shores Bank Corp., Annual General Meeting, May 22, 2014

Community Shores Bank Corp., Annual General Meeting, May 22, 2014., at 09:00 Eastern Daylight. Location: The Muskegon Country Club, 2801 Lakeshore Drive. Agenda: To consider the election of two class I directors for a three-year term; to ratify the appointment of BDO USA, LLP as independent registered public accounting firm for 2014; to consider an advisory vote to approve the compensation of named executive officers disclosed in this proxy statement; to consider such other business as may properly be brought before the meeting or any adjournment or postponement of the meeting.

 

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CSHB

Industry Average

Valuation CSHB Industry Range
Price/Earnings 0.8x
Price/Sales 0.4x
Price/Book 0.4x
Price/Cash Flow 0.8x
TEV/Sales NM Not Meaningful
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