West Shore Bank: how it compares with its peers
Against 29 MI banks with half to twice its assets, West Shore Bank's strongest measure in Q2 2026 is assets per employee ($6.1M vs. a $6.3M peer median). Its weakest relative measure is return on assets (0.83% vs. 1.29%).
| Measure | West Shore Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.83% | 1.29% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.98% | 4.12% | Middle third Ahead of 38% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 76.64% | 62.37% | Bottom third Ahead of 17% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.1M | $6.3M | Middle third Ahead of 48% of peers |
| Loans to deposits Net loans and leases over total deposits. | 90.70% | 84.43% | Context |
What it means for lending operations
Its efficiency ratio of 76.64% is above the 62.37% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Independence Bank Detroit, MI · $875M
- Oxford Bank Oxford, MI · $931M
- First National Bank of Michigan Kalamazoo, MI · $989M
- Thumb Bank and Trust Pigeon, MI · $673M
- Tri-County Bank Brown City, MI · $639M
- Sturgis Bank & Trust Company Sturgis, MI · $1.03B
Questions about West Shore Bank
How big is West Shore Bank?
West Shore Bank, established in 1898, is headquartered in Ludington, MI. It reported $834M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is West Shore Bank's return on assets?
0.83% annualized in Q2 2026, against a 1.29% median for 29 MI banks with half to twice its assets, ahead of 17% of them.
What is West Shore Bank's efficiency ratio?
76.64% in Q2 2026: it spent about 77 cents in noninterest expense for each dollar of revenue. The peer median is 62.37%, and lower is better.
Is West Shore Bank growing its loans?
Net loans grew 10.1% over the year to Q2 2026, while deposits grew 10.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Michigan bank ranked.