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Last $2.49 USD
Change Today -0.3495 / -12.31%
Volume 8.0K
As of 8:10 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

community shores bank corp (CSHB) Snapshot

Open
$2.69
Previous Close
$2.84
Day High
$2.69
Day Low
$2.31
52 Week High
02/19/15 - $3.24
52 Week Low
12/30/14 - $1.25
Market Cap
3.7M
Average Volume 10 Days
940.2
EPS TTM
$2.89
Shares Outstanding
1.5M
EX-Date
--
P/E TM
0.9x
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
Compensation as of Fiscal Year 2014.

community shores bank corp (CSHB) Key Developments

Community Shores Bank Corporation and Community Shores Bank Announce the Resignation of John M. Clark

On May 14, 2015, John M. Clark, Senior Vice President and Secretary of Community Shores Bank Corporation, resigned from his positions as an executive officer of the Company. Mr. Clark has also resigned his positions at the Company's wholly-owned subsidiary, Community Shores Bank (the "Bank"), as a Senior Vice President and Chief Lending Officer.

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., Annual General Meeting, May 14, 2015

Community Shores Bank Corp., Annual General Meeting, May 14, 2015., at 09:00 US Eastern Standard Time. Location: the Muskegon Country Club. Agenda: To consider the election of two class II directors for a three-year term; to consider the ratification of the appointment of BDO USA, LLP as independent registered public accounting firm for 2015; to consider the an advisory vote to approve the compensation of named executive officers disclosed in this proxy statement; and to consider the 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 1.0x
Price/Sales 0.5x
Price/Book 0.5x
Price/Cash Flow 1.0x
TEV/Sales NM Not Meaningful
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