-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P6kAfV5FwmdP8uTEjxt37hBhcc/rtYRggN+il7ehUdRu5yQJnknrWKo+HV9F7HVW yXdYAwlwvFWsnWZMPdTxlg== 0000950124-07-003481.txt : 20070628 0000950124-07-003481.hdr.sgml : 20070628 20070628151258 ACCESSION NUMBER: 0000950124-07-003481 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070628 DATE AS OF CHANGE: 20070628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY SHORES BANK CORP CENTRAL INDEX KEY: 0001070523 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 383423227 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51166 FILM NUMBER: 07946640 BUSINESS ADDRESS: STREET 1: 1030 W. NORTON AVENUE CITY: MUSKEGON STATE: MI ZIP: 49441 BUSINESS PHONE: 2317801800 MAIL ADDRESS: STREET 1: 1030 W. NORTON AVENUE CITY: MUSKEGON STATE: MI ZIP: 49441 11-K 1 k16337e11vk.txt ANNUAL REPORT ON FORM 11-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended December 31, 2006 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from __________ to __________ Commission File Number: (________) COMMUNITY SHORES BANK 401(K) PLAN COMMUNITY SHORES BANK CORPORATION 1030 W. NORTON AVENUE MUSKEGON, MICHIGAN 49441 (231) 780-1800 COMMUNITY SHORES BANK 401(K) PLAN TABLE OF CONTENTS
PAGE ---- REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1 FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005 Statements of Net Assets Available for Benefits 2 Statements of Changes in Net Assets Available for Benefits 3 Notes to Financial Statements 4-7 SUPPLEMENTARY INFORMATION AS OF DECEMBER 31, 2006 Form 5500 Schedule H, Line 4i - Schedule of Assets (Held at End of Year) 8-9
Note: All other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and disclosure under the Employee Retirement Income Security Act of 1974, have been omitted because they are not applicable. (REHMANN ROBSON LOGO) Certified Public Accountants A member of THE REHMANN GROUP REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Administrator and Participants Community Shores Bank 401(k) Plan Muskegon, Michigan We have audited the accompanying statements of net assets available for benefits of COMMUNITY SHORES BANK 401(K) PLAN as of December 31, 2006 and 2005, and the related statements of changes in net assets available for benefits for the years then ended and the December 31, 2006 supplemental schedule of assets (held at end of year), as listed in the table of contents. These financial statements and supplemental schedule are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of COMMUNITY SHORES BANK 401(K) PLAN as of December 31, 2006 and 2005, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The December 31, 2006 supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic 2006 financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. This supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2006 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2006 financial statements taken as a whole. /s/ Rehmann Robson June 26, 2007 Grand Rapids, MI 2330 East Paris Avenue SE - P.O. Box 6547 - Grand Rapids, MI 49516-6547 - 616.975.4100 - Fax 616.975.4400 - www.rehmann.com COMMUNITY SHORES BANK 401(K) PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31 ----------------------- 2006 2005 ---------- ---------- ASSETS INVESTMENTS, AT FAIR VALUE Pooled separate accounts $1,794,784 $1,234,787 Community Shores Bank Corporation common stock 604,497 609,370 Guaranteed investment contract 1,968 801 Participant loans 10,948 5,886 ---------- ---------- TOTAL INVESTMENTS, AT FAIR VALUE 2,412,197 1,850,844 Cash 2,219 4 ---------- ---------- TOTAL ASSETS (EQUAL TO NET ASSETS AVAILABLE FOR BENEFITS) $2,414,416 $1,850,848 ========== ==========
The accompanying notes are an integral part of these financial statements. -2- COMMUNITY SHORES BANK 401(K) PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31 ----------------------- 2006 2005 ---------- ---------- ADDITIONS TO NET ASSETS ATTRIBUTED TO NET INVESTMENT INCOME Net appreciation (depreciation) in aggregate fair value of investments in Pooled separate accounts $ 180,360 $ 85,807 Common stock of Community Shores Bank Corporation (75,059) 91,321 Interest 492 272 ---------- ---------- NET INVESTMENT INCOME 105,793 177,400 ---------- ---------- CONTRIBUTIONS Participants' 214,531 166,975 Employers 115,946 131,065 Rollovers 149,283 -- ---------- ---------- TOTAL CONTRIBUTIONS 479,760 298,040 ---------- ---------- TOTAL ADDITIONS 585,553 475,440 ---------- ---------- DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO Benefits paid to participants 6,148 140,017 Administrative expenses 15,837 13,528 ---------- ---------- TOTAL DEDUCTIONS 21.985 153,545 ---------- ---------- NET INCREASE 563,568 321,895 NET ASSETS AVAILABLE FOR PLAN BENEFITS Beginning of year 1,850,848 1,528,953 ---------- ---------- END OF YEAR $2,414,416 $1,850,848 ========== ==========
The accompanying notes are an integral part of these financial statements. -3- COMMUNITY SHORES BANK 401(K) PLAN NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following description of the COMMUNITY SHORES BANK (the "Bank" or "Sponsor") 401(K) PLAN (the "Plan") provides only general information. Participants should refer to the plan agreement for a more complete description of the Plan's provisions. DESCRIPTION OF THE PLAN GENERAL The Plan is a defined contribution plan covering all employees of the Bank who have six months of service and are 21 or older. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). CONTRIBUTIONS Participants may contribute annual compensation as defined in the Plan up to a maximum allowed by the Internal Revenue Code. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans. The Bank may, at the discretion of its Board of Directors, make a matching contribution to the Plan on behalf of each participant. In 2006, the Company became a safe harbor 401(k) Plan. The matching formula during the 2006 plan year was 100% of the first 3% of compensation contributed and 50% of the next 3%. The 2005 matching amount contributed to each participant was 75% of the first 6% of the employee's deferred compensation. The maximum contribution was 4.50% in both plan years. Participants direct the investment of contributions into various investment options offered by the Plan. In addition to Community Shores Bank Corporation common stock, the Plan currently offers one-hundred and ninety pooled separate accounts, of which thirty-one were currently invested in, and a guaranteed investment contract with John Hancock Life Insurance Company ("John Hancock") as investment options for participants. Contributions are subject to certain limitations. PARTICIPANT ACCOUNTS Each participant's account is credited with the participant's contribution, the Bank's match, and allocations of Plan earnings, and charged with an allocation of custodial fees. Plan earnings and expenses are allocated based on the ratio of each participant's account balance to the total account balance. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account. -4- COMMUNITY SHORES BANK 401(K) PLAN NOTES TO FINANCIAL STATEMENTS VESTING Participants are immediately vested in their contributions, the Bank's contributions, and earnings thereon. PARTICIPANT LOANS Participants may borrow from their accounts a minimum of $1,000, up to a maximum of 50% of the participants elective contributions account balance. Additionally, to be non-taxable, the loan cannot exceed $50,000 reduced by the participant's highest outstanding loan balance during the 12 months immediately preceding the loan disbursement date. Loan terms range from 1 to 5 years or up to 30 years for the purchase of a primary residence. The loans are collateralized by the balance in the participant's account and bear interest based upon the prime rate. Principal and interest is collected ratably through payroll deductions. PAYMENT OF BENEFITS On termination of service due to death, disability, retirement, or other reasons, a participant or his or her beneficiary may elect to receive a lump-sum amount equal to the value of the participant's account. ADMINISTRATIVE EXPENSES The Plan's administrative expenses, including salaries, accounting, recordkeeping, and legal, are paid by the Bank and qualify as party-in-interest transactions which are exempt from prohibited transaction rules. Custodial service fees related to John Hancock are paid by the Plan. Fees for common stock investment transactions through Northwestern Mutual Investment Services, LLC, the custodian of the common stock, are allocated to the accounts of those participants electing this investment option. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements of the Plan are prepared using the accrual method of accounting. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires the Plan administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosures of contingent assets and liabilities. Actual results could differ from those estimates. -5- COMMUNITY SHORES BANK 401(K) PLAN NOTES TO FINANCIAL STATEMENTS INVESTMENT VALUATION AND INCOME RECOGNITION The Plan's investments in pooled separate accounts with John Hancock are stated at estimated fair values, which have been determined based on the unit values of the funds. Unit values are determined by John Hancock, the insurance company sponsoring the funds, based upon the net asset values of the underlying securities held by the funds. The value of the guaranteed interest contract is estimated using a market approach based on market prices of similar contracts. Investment in the Plan Sponsor's common stock is valued at fair value, based on quoted market prices. Participant loans are valued at their outstanding balance, which approximates fair values. Unrealized appreciation or depreciation in the aggregate fair value of investments represents the net change in the difference between aggregate fair value and the cost of investments, including reinvestment of earnings. The realized gain or loss on sale of investments is the difference between the proceeds received and the average cost of investments sold. Purchases and sales are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. PAYMENT OF BENEFITS Benefits are recorded when paid. 2. INVESTMENTS Investments representing 5% or more of the Plan's net assets available for benefits are as follows at December 31:
2006 2005 -------- -------- Pooled separate accounts: John Hancock Lifestyle Balanced $440,669 $239,889 John Hancock Lifestyle Growth 197,780 160,263 Community Shores Bank Corporation common stock 604,497 609,370
3. RELATED PARTY TRANSACTIONS Certain Plan investments are held in shares of common stock of the Plan sponsor, units of pooled separate accounts and a guaranteed investment contract. John Hancock is the custodian of the pooled separate accounts while Northwestern Mutual Investment Services, LLC is the custodian of the Company's common stock and, therefore, these transactions qualify as party-in-interest. Fees paid by the Plan to John Hancock for the custodial services amounted to $14,950 and $11,482 for 2006 and 2005, respectively. -6- COMMUNITY SHORES BANK 401(K) PLAN NOTES TO FINANCIAL STATEMENTS The Bank is a wholly owned subsidiary of Community Shores Bank Corporation, therefore, the Plan's investment in Community Shores Bank Corporation common stock as of December 31, 2006 and 2005, represent party-in-interest investments. The 45,588 and 40,249 shares of Community Shores Bank Corporation common stock held by the Plan as of December 31, 2006 and 2005, respectively, represent approximately 3.1% and 2.8% of the Company's outstanding shares as of those dates. 4. INCOME TAX STATUS The Bank's Board of Directors adopted the Prototype Non-Standardized Profit Sharing Plan with Cash or Deferred Arrangement ("CODA"). The Plan document has received an opinion letter from the Internal Revenue Service dated November 27, 2001, stating that the written form of the underlying prototype plan document is qualified under Section 401(a) of the Internal Revenue Code (the "Code") and that any employer adopting this form of the Plan will be considered to have a plan qualified under Section 401(a) of the Code. The Plan is required to operate in conformity with the Code to maintain its qualification. The Plan's administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and therefore, believes the Plan is qualified and the related trust is tax exempt. 5. PLAN TERMINATION Although it has not expressed any intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. 6. RISKS AND UNCERTAINTIES The Plan provides for various investment options in the Company's common stock, a guaranteed investment contract, and in pooled separate accounts with underlying assets consisting of any combination of stocks, bonds, fixed income securities, mutual funds and other investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits. ***** -7- SUPPLEMENTARY INFORMATION COMMUNITY SHORES BANK 401(K) PLAN SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2006 PLAN #001 EIN 38-3438092
(C) DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE, (E) (B) IDENTITY OF ISSUE, BORROWER, RATE OF INTEREST, COLLATERAL, CURRENT (A) LESSOR, OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE - --- ------------------------------------------------- ----------------------------- ---------- POOLED SEPARATE ACCOUNTS * John Hancock Lifestyle Balanced 2,118 units $ 440,669 * John Hancock Lifestyle Growth 647 units 197,780 * John Hancock T. Rowe Price Sci & Tech 2,702 units 98,594 * John Hancock Fidelity Advisor Div Growth 1,751 units 102,015 * John Hancock PIMCO Total Return 5,661 units 89,038 * 500 Index Fund 87 units 65,822 * John Hancock T. Rose Price Blue Chip 1,574 units 74,292 * John Hancock Lifestyle Aggressive 112 units 37,281 * John Hancock Lifestyle Moderate 295 units 46,012 * Total Stock Market Index Fund 2,653 units 36,972 * John Hancock Energy 1,403 units 108,017 * John Hancock American Funds Am Balanced 1,515 units 32,958 * John Hancock Lifestyle Conservative 134 units 22,149 * John Hancock American Century Small Co. 660 units 8,028 * John Hancock Oppenheimer Developing Mkt 1,142 units 48,420 * John Hancock MFS Utilities 1,856 units 33,435 * John Hancock Excelsior Value & Restruct 211 units 11,718 * John Hancock Lord Abbett All Value 0.28 units 9 * John Hancock T. Rowe Price Spectrum Inc. 675 units 17,277 * John Hancock Oppenheimer Global 423 units 17,764 * John Hancock Money Market 6,584 units 80,727 * John Hancock Short-Term Federal 510 units 8,706 * Small Cap Index Fund 13 units 253 * John Hancock T. Rowe Sml Cap Val 273 units 13,337 * John Hancock American Funds Inv Co Am 10 units 402 * John Hancock PIMCO Real Return 85 units 1,131 * John Hancock Davis New York Venture 189 units 5,892 * John Hancock Mutual Beacon 2 units 246 * John Hancock Franklin Balance Sheet 256 units 27,417 * John Hancock Merrill Lynch Large Value 1,215 units 25,950 * John Hancock American Funds Growth Fund 756 units 25,872 * John Hancock American Century Mason Select Bnd 167 units 1,865 * John Hancock PIMCO Global Bond 152 units 1,857 * John Hancock AmCentury Mason High Yield Bnd 145 units 1,921
COMMUNITY SHORES BANK 401(K) PLAN SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2006 PLAN #001 EIN 38-3438092
(C) DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE, (E) (B) IDENTITY OF ISSUE, BORROWER, RATE OF INTEREST, COLLATERAL, CURRENT (A) LESSOR, OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE - --- ------------------------------------------------- ----------------------------- ---------- POOLED SEPARATE ACCOUNTS * John Hancock Salomon Bros High Yield 79 units $ 2,073 * John Hancock AmCentury Strat Alloc Moder 56 units 935 * John Hancock American Funds Wash Mutual 25 units 972 * John Hancock T. Rowe Price Equity Inc 24 units 980 * John Hancock Scudder RREEF Real Estate 287 units 38,247 * John Hancock Domini Social Equity 0.20 units 8 * John Hancock U.S. Global Lead 349 units 6,774 * John Hancock Templeton World 0.42 units 16 * John Hancock American Funds EuroPacific 595 units 31,425 * John Hancock Legg Partners Agg Growth 151 units 7,825 * John Hancock Allianz RCM Global Tech 205 units 8,343 * Quantitative All Cap Fund 1 unit 18 * Quantitative Mid Cap Fund 2 units 234 * Mid Cap Index Fund 0.37 units 8 * Intl Equity Index Fund 261 units 4,412 * Emerging Growth Fund 409 units 8,688 ---------- TOTAL POOLED SEPARATE ACCOUNTS 1,794,784 * Community Shores Bank Corporation 45,588 shares of common stock 604,497 * Participant loans Maturity of up to 7 years, with annual interest rates ranging from 5.75% to 8.25%, collateralized by participant account balances 10,948 * John Hancock Life Insurance Company Guaranteed investment contract 1,968 units, interest rate of 3.80% 1,968 ---------- TOTAL INVESTMENTS $2,412,197 ==========
(a) An asterisk in this column identifies a person known to be a party-in-interest Exhibits:
EXHIBIT NO. EXHIBIT DESCRIPTION - ----------- ------------------- 23 Independent Auditors' Consent. 32.1 Certification of chief executive officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.2 Certification of chief financial officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. COMMUNITY SHORES BANK 401(K) PLAN Date: June 28, 2007 /s/ Tracey A. Welsh ---------------------------------------- Tracey A. Welsh Trustee EX-23 2 k16337exv23.txt INDEPENDENT AUDITORS CONSENT EXHIBIT 23 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Administrator Community Shores Bank 401(k) Plan We consent to the incorporation by reference in the Registration Statement (No. 333-89655) on Form S-8 of Community Shores Bank Corporation, of our report dated June 26, 2007, with respect to the statements of net assets available for benefits of Community Shores Bank 401(k) Plan as of December 31, 2006 and 2005, the related statements of changes in net assets available for benefits for the years then ended, and the related December 31, 2006 supplemental schedule of assets (held at end of year), which report appears in the December 31, 2006 annual report on Form 11-K of Community Shores Bank 401(k) Plan. /s/ Rehmann Robson Saginaw, Michigan June 26, 2007 EX-32.1 3 k16337exv32w1.txt CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 EXHIBIT 32.1 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, and accompanies the annual report on Form 11-K for the plan year ended December 31, 2006 (the "Form 11-K") of Community Shores Bank 401k Plan (the "Issuer"). I, Heather D. Brolick, President and Chief Executive Officer of Community Shores Bank, certify that to my knowledge: (i) the Form 11-K fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and (ii) the information contained in the Form 11-K fairly presents, in all material respects, the financial condition and results of operations of the Issuer. Dated: June 28, 2007 /s/ Heather D. Brolick ---------------------------------------- Heather D. Brolick President and Chief Executive Officer of Community Shores Bank (chief executive officer) A signed original of this written statement required by Section 906 has been provided to Community Shores Bank 401k Plan and will be retained by Community Shores Bank 401k Plan and furnished to the Securities and Exchange Commission or its staff upon request. EX-32.2 4 k16337exv32w2.txt CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 EXHIBIT 32.2 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, and accompanies the annual report on Form 11-K for the plan year ended December 31, 2006 (the "Form 11-K") of Community Shores Bank 401k Plan (the "Issuer"). I, Tracey A. Welsh, Trustee of the 401k Plan, certify that to my knowledge: (i) the Form 11-K fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and (ii) the information contained in the Form 11-K fairly presents, in all material respects, the financial condition and results of operations of the Issuer. Dated: June 28, 2006 /s/ Tracey A. Welsh ---------------------------------------- Tracey A. Welsh Trustee of the Issuer (chief financial officer) A signed original of this written statement required by Section 906 has been provided to Community Shores Bank 401k Plan and will be retained by Community Shores Bank 401k Plan and furnished to the Securities and Exchange Commission or its staff upon request. -----END PRIVACY-ENHANCED MESSAGE-----