<PAGE>
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934
     For the quarterly period ended September 30, 2002

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934
     For the transition period from         to         .

                          Commission File No. 333-63769

                        COMMUNITY SHORES BANK CORPORATION
        (Exact name of small business issuer as specified in its charter)

            Michigan                                  38-3423227
(State or other jurisdiction of             (IRS Employer Identification No.)
incorporation or organization)

                 1030 W. NORTON AVENUE, MUSKEGON, MICHIGAN 49441
                    (Address of principal executive offices)

                                 (231) 780-1800
                           (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                                            Yes   X           No
                                                ------          ------

At October 31, 2002, 1,320,000 shares of Common Stock of the issuer were
outstanding.


Transitional Small Business Disclosure Format:

                                            Yes               No  X
                                                ------          ------




<PAGE>


                     Community Shores Bank Corporation Index


<TABLE>
<CAPTION>

PART I.       Financial Information                                                                     Page No.
              ---------------------                                                                     --------
<S>                                                                                                     <C>
              Item 1.   Financial Statements ........................................................        1

              Item 2.  Management's Discussion and Analysis or Plan of
                          Operation..................................................................       11

              Item 3.  Controls and Procedures.......................................................       21

PART II.      Other Information

              Item 1.  Legal Proceedings.............................................................       22

              Item 2.  Changes in Securities ........................................................       22

              Item 3.  Defaults upon Senior Securities...............................................       22

              Item 4.  Submission of Matters to a Vote of Security Holders...........................       22

              Item 5.  Other Information.............................................................       22

              Item 6.  Exhibits and Reports on Form 8-K..............................................       22

              Signatures.............................................................................       24
              ----------

              Certifications.........................................................................       25
</TABLE>


<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)

                        COMMUNITY SHORES BANK CORPORATION
                           CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)





<TABLE>
<CAPTION>
                                                                                September 30,                December 31,
                                                                                     2002                        2001
                                                                            -----------------------     -----------------------
<S>                                                                         <C>                         <C>
ASSETS
Cash and due from financial institutions                                             $   8,187,393                $  2,191,280
Interest-bearing deposits in other financial institutions                                   54,358                      79,641
Federal funds sold                                                                       4,600,000                           0
                                                                            -----------------------     -----------------------
     Total cash and cash equivalents                                                    12,841,751                   2,270,921

Securities
   Available for sale                                                                   23,435,898                  24,671,925
   Held to maturity (fair value of $199,487 at September 30, 2002
          and $60,000 at December 31, 2001)                                                197,470                      60,000
                                                                            -----------------------     -----------------------
     Total securities                                                                   23,633,368                  24,731,925

Loans held for sale                                                                        906,000                           0

Loans                                                                                  134,781,100                 118,115,580
Less: Allowance for loan losses                                                          1,833,492                   1,535,543
                                                                            -----------------------     -----------------------
     Net loans                                                                         132,947,608                 116,580,037

Federal Home Loan Bank stock                                                               425,000                     425,000
Premises and equipment, net                                                              3,001,489                   3,173,724
Accrued interest receivable                                                                664,268                     703,433
Other assets                                                                               377,253                     306,236
                                                                            -----------------------     -----------------------
     Total assets                                                                    $ 174,796,737               $ 148,191,276
                                                                            =======================     =======================

LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
     Non interest-bearing                                                            $  10,499,332               $   9,217,298
     Interest-bearing                                                                  124,645,008                 100,931,036
                                                                            -----------------------     -----------------------
          Total deposits                                                               135,144,340                 110,148,334

Federal funds purchased and repurchase agreements                                       18,838,636                  18,964,598
Federal Home Loan Bank advances                                                          6,000,000                   6,000,000
Notes payable                                                                            3,600,000                   3,400,000
Accrued expenses and other liabilities                                                     795,527                     544,256
                                                                            -----------------------     -----------------------
     Total liabilities                                                                 164,378,503                 139,057,188

Shareholders' Equity
     Preferred Stock, no par value: 1,000,000 shares
       authorized and none issued                                                                0                           0
     Common Stock, no par value: 9,000,000 shares authorized,
       1,273,750 and 1,170,000 shares issued and outstanding                            11,675,592                  10,871,211
     Retained deficit                                                                   (1,618,848)                 (2,190,931)
     Accumulated other comprehensive income                                                361,490                     453,808
                                                                            -----------------------     -----------------------

     Total shareholders' equity                                                         10,418,234                   9,134,088
                                                                            -----------------------     -----------------------
     Total liabilities and shareholders' equity                                      $ 174,796,737               $ 148,191,276
                                                                            =======================     =======================

</TABLE>


          See accompanying notes to consolidated financial statements.



                                     - 1 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                        CONSOLIDATED STATEMENTS OF INCOME
                                   (UNAUDITED)



<TABLE>
<CAPTION>

                                                         Three Months     Three Months     Nine Months      Nine Months
                                                            Ended            Ended            Ended            Ended
                                                           09/30/02         09/30/01         09/30/02         09/30/01
                                                          ----------      ---------------------------------------------
<S>                                                      <C>              <C>             <C>               <C>
INTEREST AND DIVIDEND INCOME
Loans, including fees                                     $2,348,426       $2,274,785       $6,771,187       $6,715,460
Securities                                                   285,012          315,698          946,231          947,882
Federal funds sold, FHLB dividends and other income           19,356           39,611          103,080          201,396
                                                          ----------       ----------       ----------       ----------
     Total interest income                                 2,652,794        2,630,094        7,820,498        7,864,738
INTEREST EXPENSE
Deposits                                                   1,028,614        1,187,406        3,149,254        3,936,056
Repurchase agreements and federal funds purchased
     and other debt                                           73,180          120,964          230,210          343,880
Federal Home Loan Bank advances and notes payable            143,456          150,546          423,916          438,637
                                                          ----------       ----------       ----------       ----------
     Total interest expense                                1,245,250        1,458,916        3,803,380        4,718,573

NET INTEREST INCOME                                        1,407,544        1,171,178        4,017,118        3,146,165
Provision for loan losses                                    154,400          101,300          442,140          294,020
                                                          ----------       ----------       ----------       ----------

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES        1,253,144        1,069,878        3,574,978        2,852,145
NONINTEREST INCOME
Service charges on deposit accounts                          138,308           54,229          365,661          263,431
Mortgage loan referral fees                                    5,603           45,021           74,519          127,354
Net realized gain on sale of loans                            45,825                0           60,108                0
Net realized gain on disposition of securities                     0                0                0            5,036
Other                                                         44,967           34,682          135,578           91,308
                                                          ----------       ----------       ----------       ----------
     Total noninterest income                                234,703          133,932          635,866          487,129

NONINTEREST EXPENSE
Salaries and employee benefits                               713,852          560,079        1,990,638        1,665,360
Occupancy                                                     71,268           67,636          212,569          191,696
Furniture and equipment                                      113,167          118,067          336,165          344,447
Advertising                                                   23,470            5,279           60,348           41,913
Data Processing                                               63,673           47,152          181,359          139,610
Professional services                                         46,120           74,893          195,425          225,892
Other                                                        220,585          165,393          662,257          529,391
                                                          ----------       ----------       ----------       ----------
     Total noninterest expense                             1,252,135        1,038,499        3,638,761        3,138,309
                                                          ----------       ----------       ----------       ----------

INCOME BEFORE INCOME TAXES                                   235,712          165,311          572,083          200,965
Federal income tax expense                                         0                0                0                0
                                                          ----------       ----------       ----------       ----------
NET INCOME                                                $  235,712       $  165,311       $  572,083       $  200,965
                                                          ==========       ==========       ==========       ==========
Comprehensive income                                      $  293,261       $  364,810       $  479,765       $  567,215
                                                          ==========       ==========       ==========       ==========
Weighted average shares outstanding                        1,269,402        1,170,000        1,215,861        1,170,000
                                                          ==========       ==========       ==========       ==========
Basic and diluted income per share                        $     0.19       $     0.14       $     0.47       $     0.17
                                                          ==========       ==========       ==========       ==========

</TABLE>

          See accompanying notes to consolidated financial statements.



                                     - 2 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                            CONSOLIDATED STATEMENT OF
                         CHANGES IN SHAREHOLDERS' EQUITY
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                             Accumulated
                                                                                                 Other          Total
                                                           Common          Retained          Comprehensive  Shareholders'
                                             Shares         Stock           Deficit          Income (Loss)     Equity
                                           ------------------------------------------------------------------------------
<S>                                        <C>           <C>             <C>                <C>            <C>
Balance, January 1, 2001                    1,170,000    $ 10,871,211    $ (2,619,299)         $ 241,334     $ 8,493,246

Comprehensive Income:
     Net Income                                                               200,965                            200,965
     Unrealized gain on securities
     available for sale                                                                          366,250         366,250
                                                                                                           -------------
          Total comprehensive income                                                                             567,215
                                           ------------------------------------------------------------------------------

Balance, September 30, 2001                 1,170,000    $ 10,871,211    $ (2,418,334)         $ 607,584     $ 9,060,461
                                           ==============================================================================


Balance, January 1, 2002                    1,170,000    $ 10,871,211    $ (2,190,931)         $ 453,808     $ 9,134,088

Proceeds from sale of stock, net of
     offering costs                           103,750         804,381                                            804,381

Comprehensive Income:
     Net Income                                                               572,083                            572,083
     Unrealized loss on securities
     available for sale                                                                          (92,318)        (92,318)
                                                                                                           --------------
          Total comprehensive income                                                                             479,765
                                           ------------------------------------------------------------------------------

Balance, September 30, 2002                 1,273,750    $ 11,675,592    $ (1,618,848)         $ 361,490    $ 10,418,234
                                           ==============================================================================

</TABLE>



          See accompanying notes to consolidated financial statements.







                                     - 3 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                              Three months    Three months    Nine months     Nine months
                                                                 ended           ended           ended           ended
                                                                09/30/02        09/30/01        09/30/02        09/30/01
                                                              ------------    ------------    ------------    ------------
<S>                                                           <C>             <C>             <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Income                                               $    235,712    $    165,311    $    572,083    $    200,965
     Adjustments to reconcile net income to net cash
        from operating activities
          Provision for loan losses                                154,400         101,300         442,140         294,020
          Depreciation and amortization                             98,315         109,944         291,963         323,000
          Net accretion of securities                              (13,664)        (29,799)        (51,652)       (107,442)
          Net realized gain on disposition of securities                 0               0               0          (5,036)
          Net realized gain on sale of loans                       (45,825)              0         (60,108)              0
         Loan originations                                      (4,759,400)              0      (9,552,780)              0
         Proceeds from loan sales                                3,899,225               0       8,706,888               0
          Net change in:
               Accrued interest receivable and other assets         14,464        (184,603)        (31,852)        (76,421)
               Accrued expenses and other liabilities               28,588          88,525          65,051        (269,828)
                                                              ------------    ------------    ------------    ------------
                   Net cash from operating activities             (388,185)        250,678         381,733         359,258
CASH FLOWS FROM INVESTING ACTIVITIES
     Activity in available-for-sale securities:
          Sales                                                          0               0               0               0
          Maturities, prepayments and calls                     10,788,848       8,050,356      28,062,888      14,583,913
          Purchases                                            (10,486,409)     (9,922,931)    (26,681,307)    (16,112,094)
     Activity in held-to-maturity securities:
          Maturities                                                     0               0           8,571               0
          Purchases                                               (146,041)              0        (146,041)        (60,000)
     Loan originations and payments, net                        (2,649,586)     (9,650,498)    (16,809,711)    (18,257,603)
     Purchase of Federal Home Loan Bank stock                            0               0               0        (125,000)
     Additions to premises and equipment                           (61,732)        (21,486)       (119,728)       (218,762)
                                                              ------------    ------------    ------------    ------------
               Net cash used in investing activities            (2,554,920)    (11,544,559)    (15,685,328)    (20,189,546)
CASH FLOWS FROM FINANCING ACTIVITIES
     Net change in deposits                                      4,977,874       3,464,205      24,996,006      11,026,793
     Net change in federal funds purchased and
          repurchase agreements                                  3,255,128         290,137        (125,962)      2,801,041
     Federal Home Loan Bank activity:
          New Advances                                                   0       2,000,000       1,500,000       4,500,000
          Maturities and payments                                        0      (2,500,000)     (1,500,000)     (2,500,000)
     Net proceeds from note payable                                      0         100,000         200,000       1,095,000
     Net proceeds from stock offering                               65,833               0         804,381               0
                                                              ------------    ------------    ------------    ------------
               Net cash from financing activities                8,298,835       3,354,342      25,874,425      16,922,834

Net change in cash and cash equivalents                          5,355,730      (7,939,539)     10,570,830      (2,907,454)
Beginning cash and cash equivalents                              7,486,021      11,294,411       2,270,921       6,262,326
                                                              ------------    ------------    ------------    ------------

ENDING CASH AND CASH EQUIVALENTS                              $ 12,841,751    $  3,354,872    $ 12,841,751    $  3,354,872
                                                              ============    ============    ============    ============
Supplemental cash flow information:
     Cash paid during the period for interest                 $  1,225,810    $  1,310,430    $  3,707,881    $  4,243,051

</TABLE>


          See accompanying notes to consolidated financial statements.





                                     - 4 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)



1.       BASIS OF PRESENTATION:

         The unaudited financial statements as of and for the three months and
         nine months ended September 30, 2002 include the condensed consolidated
         results of operations of Community Shores Bank Corporation ("Company")
         and its wholly-owned subsidiary, Community Shores Bank ("Bank") and its
         wholly-owned subsidiary Community Shores Mortgage Company ("Mortgage
         Company"). These condensed consolidated financial statements have been
         prepared in accordance with the instructions for Form 10-QSB and Item
         310(b) of Regulation S-B and do not include all disclosures required by
         generally accepted accounting principles for a complete presentation of
         the Company's financial condition and results of operations. In the
         opinion of management, the information reflects all adjustments
         (consisting only of normal recurring adjustments) which are necessary
         in order to make the financial statements not misleading and for a fair
         representation of the results of operations for such periods. The
         results for the period ended September 30, 2002 should not be
         considered as indicative of results for a full year. For further
         information, refer to the condensed consolidated financial statements
         and footnotes included in the Company's annual report on Form 10-KSB
         for the period ended December 31, 2001. Some items in the prior year
         financial statements were reclassified to conform to the current
         presentation.



2.       SECURITIES


         The following tables represent the securities held in the Company's
         portfolio at September 30, 2002 and at December 31, 2001:


<TABLE>
<CAPTION>

                                                                   Gross         Gross
                                                  Amortized      Unrealized    Unrealized      Fair
September 30, 2002                                   Cost          Gains         Losses        Value         %
-----------------------------------------------------------------------------------------------------------------
<S>                                           <C>                <C>           <C>         <C>            <C>
Available for sale:
    US Government and federal agency             $ 12,978,006      248,351          0      $ 13,226,357     56.0 %
    Municipal securities                              219,609       14,918          0           234,527      1.0
    Mortgaged-backed securities                     9,690,570      284,444          0         9,975,014     42.2
                                              -------------------------------------------------------------------
                                                 $ 22,888,185      547,713          0      $ 23,435,898     99.2 %
                                              ===================================================================
Held to maturity:
    Municipal securities                            $ 197,470        2,017          0         $ 199,487      0.8 %
                                              ===================================================================

</TABLE>



                                     - 5 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)



2.       SECURITIES-continued


<TABLE>
<CAPTION>

                                                            Gross           Gross
                                         Amortized       Unrealized      Unrealized         Fair
December 31, 2001                          Cost             Gains           Losses          Value           %
---------------------------------------------------------------------------------------------------------------
<S>                                    <C>              <C>              <C>             <C>             <C>
Available for sale:
    US Treasuries                      $    499,955              0            (273)      $    499,682       2.0 %
    US Government and federal agency     12,129,428        391,297         (12,849)        12,507,876      50.6
    Municipal securities                    219,579              0          (2,212)           217,367       0.9
    Mortgaged-backed securities          11,369,155        115,988         (38,143)        11,447,000      46.3
                                       ------------------------------------------------------------------------
                                       $ 24,218,117        507,285         (53,477)      $ 24,671,925      99.8 %
                                       ========================================================================
Held to maturity:
    Municipal securities               $     60,000              0               0       $     60,000       0.2 %
                                       ========================================================================
</TABLE>


           Securities decreased $1,098,557 during the first nine months of 2002.
           Below is the schedule of maturities for investments held at September
           30, 2002:


<TABLE>
<CAPTION>

                                              Securities available for sale           Securities held to maturity
                                              Amortized             Fair              Amortized              Fair
                                                 Cost               Value                Cost                Value
---------------------------------------------------------------------------------------------------------------------
<S>                                      <C>                     <C>                  <C>                <C>
Due in one year or less                      $ 9,278,769         $ 9,373,069           $       -           $       -
Due from one to five years                     3,699,236           3,853,288                   0                   0
Due in more than five years                      219,609             234,527             146,041             148,058
Mortgage-backed and Municipal                  9,690,571           9,975,014              51,429              51,429
                                         ----------------------------------------------------------------------------

                                             $22,888,185         $23,435,898           $ 197,470           $ 199,487
                                         ============================================================================

</TABLE>


3.       LOANS

         Loans increased $16,665,520 since December 31, 2001. The components of
         the outstanding balances, their percentage of the total portfolio and
         the percentage increase from the end of 2001 to the end of the first
         nine months of 2002 were as follows:


<TABLE>
<CAPTION>

                                                                                                    Percent
                                          September 30, 2002             December 31, 2001         Increase/
                                            Balance        %             Balance        %         (Decrease)
                                         ---------------------        ----------------------    --------------
<S>                                     <C>            <C>            <C>           <C>         <C>
Commercial, financial and other          $ 102,480,960   76.0 %       $  89,258,193    75.6 %        14.8 %
Real estate-construction                     1,794,858    1.3             3,081,361     2.6         (41.8)
Real estate-mortgages                        5,686,480    4.2             3,761,403     3.2          51.2
Installment loans to individuals            24,818,802   18.5            22,014,623    18.6          12.7
                                         ---------------------        ----------------------
                                           134,781,100  100.0 %         118,115,580   100.0 %
                                                       =======                      ========
Less allowance for loan losses               1,833,492                    1,535,543
                                         --------------               --------------
                                         $ 132,947,608                $ 116,580,037
                                         ==============               ==============

</TABLE>





                                     - 6 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

4.       ALLOWANCE FOR LOAN LOSSES

         The following is a summary of activity in the allowance for loan losses
         account for the three month and nine month periods ended September 30,
         2002 and 2001:

<TABLE>
<CAPTION>

                                                Three Months   Three Months      Nine Months     Nine Months
                                                   Ended          Ended             Ended           Ended
                                                  09/30/02       09/30/01         09/30/02         09/30/01
-------------------------------------------     -------------  -------------    --------------  --------------
<S>                                             <C>            <C>              <C>             <C>
Beginning Balance                                 $1,771,825     $1,382,199       $ 1,535,543     $ 1,269,050

Charge-offs                                          (99,487)        (5,063)         (177,547)       (116,370)
Recoveries                                             6,754          1,351            33,356          33,087
Provision charged against
       operating expense                             154,400        101,300           442,140         294,020
                                                -------------  -------------    --------------  --------------

Ending Balance                                    $1,833,492     $1,479,787       $ 1,833,492     $ 1,479,787
                                                =============  =============    ==============  ==============

</TABLE>

5.       DEPOSITS

         Deposit balances increased $24,996,006 since December 31, 2001. The
         components of the outstanding balances, their percentage of the total
         portfolio and the percentage increase from the end of 2001 through the
         first nine months of 2002 were as follows:

<TABLE>
<CAPTION>
                                                                                             Percent
                                  September 30, 2002               December 31, 2001        Increase/
                                    Balance         %               Balance        %       (Decrease)
                               ------------------------       -------------------------   -------------
<S>                            <C>              <C>           <C>               <C>       <C>
Noninterest-bearing
     Demand                      $  10,499,332     7.8 %         $   9,217,298     8.4 %       13.9 %
Interest-bearing
     Checking                       23,299,745    17.2              20,979,462    19.0         11.1
     Money Market                   29,133,275    21.6              18,612,647    16.9         56.5
     Savings                         3,275,273     2.4               2,332,538     2.1         40.4
     Time, under $100,000           33,686,898    24.9              30,913,935    28.1          9.0
     Time, over $100,000            35,249,817    26.1              28,092,454    25.5         25.5
                               ------------------------       -------------------------

Total Deposits                   $ 135,144,340   100.0 %         $ 110,148,334   100.0 %
                               ========================       =========================

</TABLE>


6.       SHORT-TERM BORROWINGS

         Both federal funds purchased and repurchase agreements were outstanding
         at December 31, 2001. At September 30, 2002, the Company's short-term
         borrowings were made up of repurchase agreements only. Since year-end
         2001, repurchase agreements increased $6,574,038. The September 30,
         2002 and December 31, 2001 information was as follows:



                                     - 7 -

<PAGE>



                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

6.       SHORT-TERM BORROWINGS-continued

<TABLE>
<CAPTION>
                                                           Repurchase          Federal Funds
                                                           Agreements            Purchased
                                                        ---------------       ----------------
<S>                                                     <C>                   <C>
Outstanding at September 30, 2002                         $ 18,838,636          $         0
Average interest rate at period end                              1.94%                0.00%
Average balance during year                                 15,036,410              460,623
Average interest rate during year                                1.98%                2.10%
Maximum month end balance during year                       18,838,636                    0

Outstanding at December 31, 2001                          $ 12,264,598          $ 6,700,000
Average interest rate at year end                                2.04%                1.82%
Average balance during year                                 12,282,957            1,053,836
Average interest rate during year                                3.36%                3.16%
Maximum month end balance during year                       14,589,092            6,700,000

</TABLE>




7.       FEDERAL HOME LOAN BANK BORROWINGS

         The Bank was approved in the first quarter of 1999 to be a member of
         the Federal Home Loan Bank of Indianapolis. Based on its current
         Federal Home Loan Bank Stock holdings the Bank has the capacity to
         borrow $8,500,000. Each borrowing requires a direct pledge of
         securities or loans. At this time, the Bank has securities with a
         market value of $6,228,301 pledged to the Federal Home Loan Bank to
         support current borrowings. Details of the Bank's outstanding
         borrowings at both September 30, 2002 and December 31, 2001 are:

<TABLE>
<CAPTION>
                                     Current
                                    Interest
Maturity Date:                        Rate            September 30, 2002         December 31, 2001
------------------------------    --------------    ------------------------   -----------------------
<S>                               <C>               <C>                        <C>
March 24, 2010                        5.99                       $1,500,000                $1,500,000
November 3, 2010                      5.95                        2,000,000                 2,000,000
December 13, 2010                     5.10                        2,500,000                 2,500,000
                                                    ------------------------   -----------------------

Total outstanding at                                             $6,000,000                $6,000,000
                                                    ========================   =======================


</TABLE>



8.       NOTES PAYABLE

         Since June 28, 2000, the Company borrowed $3,600,000 from four of its
         Directors and Community Shores LLC. Community Shores LLC (the "LLC")
         was formed by 7 of the Company's Directors for the purpose of obtaining
         and lending money to the Company. The members of the LLC are David C.
         Bliss, Gary F. Bogner, Robert L. Chandonnet, Dennis L. Cherette, Bruce
         J. Essex, Michael D. Gluhanich and Jose A. Infante. Two of the



                                     - 8 -
<PAGE>



                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

8.       NOTES PAYABLE-continued

         LLC members, Mr. Gluhanich and Mr. Chandonnet, lent money directly as
         well as taking part in the LLC. A summary of the loans is given below:

<TABLE>
<CAPTION>
         -------------------------------------------------------------------------------
         Loan from:                         Aggregate       Current    Maturity
                                            Principal       Rate
                                            Amount
         -------------------------------------------------------------------------------
<S>                                         <C>             <C>        <C>
         Robert L. Chandonnet               $  200,000      6.25%      June 30, 2008
         Michael D. Gluhanich               $  100,000      6.25%      June 30, 2008
         Donald E. Hegedus                  $  500,000      6.25%      June 30, 2008
         John L. Hilt                       $  750,000      6.25%      June 30, 2008
         Community Shores LLC               $2,050,000      6.25%      June 30, 2008
         -------------------------------------------------------------------------------

         Total                              $3,600,000
         -------------------------------------------------------------------------------
</TABLE>

         The rate on the above notes is floating and is officially defined as
         1.50% over the US Bank, N.A. Prime rate. US Bank's current prime rate
         is 4.75%. Interest is owed quarterly in arrears on the fifteenth of
         April, July, October and January until the principal of these Notes is
         paid or made available for payment. The notes may be prepaid without
         any prepayment penalty with at least one day's prior written notice.
         The principal and interest related to these Notes is expressly
         subordinated to any and all senior debt of the Company. The proceeds
         from these Notes were primarily used to infuse capital into the Bank to
         maintain sufficient capital ratios to comply with banking regulations.


9.       COMMITMENTS AND OFF-BALANCE SHEET RISK

         Some financial instruments are used to meet financing needs and to
         reduce exposure to interest rate changes. These financial instruments
         include commitments to extend credit and standby letters of credit.
         These involve, to varying degrees, credit and interest-rate risk in
         excess of the amount reported in the financial statements. Commitments
         to extend credit are agreements to lend to a customer as long as there
         is no violation of any condition established in the commitment, and
         generally have fixed expiration dates. Standby letters of credit are
         conditional commitments to guarantee a customer's performance to a
         third party. Exposure to credit loss if the other party does not
         perform is represented by the contractual amount for commitments to
         extend credit and standby letters of credit. Collateral or other
         security is normally obtained for these financial instruments prior to
         their use, and many of the commitments are expected to expire without
         being used.

         A summary of the notional and contractual amounts of outstanding
         financing instruments with off-balance-sheet risk as of September 30,
         2002 and December 31, 2001 follows:







                                     - 9 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

9.       COMMITMENTS AND OFF-BALANCE SHEET RISK-continued


<TABLE>
<CAPTION>
                                                      September 30,          December 31,
                                                           2002                  2001
                                                     ---------------        --------------
<S>                                                  <C>                   <C>
Letters of credit                                       $   265,000          $ 1,237,000
Commercial unused lines of credit                        24,333,430           26,083,000
Consumer unused lines of credit                           6,262,523            4,986,000
Residential construction commitments                        407,927              723,000
</TABLE>



         Commitments to make loans generally terminate one year or less from the
         date of commitment and may require a fee. Since many of the above
         commitments expire without being used, the above amounts do not
         necessarily represent future cash commitments. No losses are
         anticipated as a result of these transactions.



10.      REGULATORY MATTERS

         The Company and Bank are subject to regulatory capital requirements
         administered by the federal banking agencies. Capital adequacy
         guidelines and prompt corrective action regulations involve
         quantitative measures of assets, liabilities, and certain
         off-balance-sheet items calculated under regulatory accounting
         practices. Capital amounts and classifications are also subject to
         qualitative judgments by regulators about components, risk weightings,
         and other factors, and the regulators can lower classifications in
         certain cases. Failure to meet various capital requirements can
         initiate regulatory action that could have a direct material effect on
         the financial statements.

         The prompt corrective action regulations provide five classifications,
         including well capitalized, adequately capitalized, undercapitalized,
         significantly undercapitalized, and critically undercapitalized,
         although these terms are not used to represent overall financial
         condition. If adequately capitalized, regulator approval is required to
         accept brokered deposits. If undercapitalized, capital distributions
         are limited, as is asset growth and expansion, and plans for capital
         restoration are required.



<TABLE>
<CAPTION>
                                  Capital to risk
                                  weighted assets
                              -----------------------           Tier 1 Capital
                                Total        Tier 1            to average assets
                              -----------   ---------         --------------------
<S>                           <C>           <C>               <C>
Well capitalized                      10 %         6 %                  5 %
Adequately capitalized                 8           4                    4
Undercapitalized                       6           3                    3
</TABLE>






                                     - 10 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


10.      REGULATORY MATTERS-continued

         Actual capital levels and minimum required levels at September 30, 2002
         for the Company and Bank were:

<TABLE>
<CAPTION>

                                   Actual               Adequately Capitalized        Well Capitalized
                          -------------------------    ------------------------   ------------------------
September 30, 2002              Amount       Ratio         Amount        Ratio          Amount      Ratio
                          -------------------------    ------------------------   ------------------------

--------------------------
<S>                       <C>               <C>        <C>              <C>       <C>               <C>
Total capital (to risk-
   weighted assets)
      Consolidated            $ 15,490,236   10.51 %      $ 11,788,928    8.00 %      $ 14,736,160  10.00 %
      Bank                      14,952,408   10.15          11,788,046    8.00          14,735,058  10.00

Tier 1 capital (to risk-
   weighted assets)
      Consolidated              10,056,744    6.82           5,894,464    4.00           8,841,696   6.00
      Bank                      13,118,917    9.90           5,894,023    4.00           8,841,035   6.00

Tier 1 capital (to
   average assets)
      Consolidated              10,056,744    6.05           6,653,695    4.00           8,317,119   5.00
      Bank                      13,118,917    7.88           6,655,263    4.00           8,319,079   5.00


</TABLE>



         The Company and the Bank were in the well capitalized category at
         September 30, 2002. The Company is closely monitoring the Bank's growth
         and for the foreseeable future expects to infuse additional capital as
         necessary to maintain at least a 10% (well capitalized) total capital
         to risk weighted assets ratio. Future capital contributions will be
         made from the proceeds received from an unregistered sale of Company
         stock.



ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


The discussion below details the financial results of the Company and its wholly
owned subsidiaries, the Bank and the Mortgage Company, through September 30,
2002 and is separated into two parts which are labeled, Financial Condition and
Results of Operations. The part labeled Financial Condition compares the
financial condition at September 30, 2002 to that at December 31, 2001. The part
labeled Results of Operations discusses the three month and nine month periods
ended September 30, 2002 as compared to the same periods of 2001. Both parts
should be read in conjunction with the interim condensed consolidated financial
statements and footnotes included in Item 1 of this Form 10-QSB.




                                     - 11 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS


This discussion and analysis and other sections of this 10-QSB contains
forward-looking statements that are based on management's beliefs, assumptions,
current expectations, estimates and projections about the financial services
industry, the economy, and about the Company, the Bank and the Mortgage Company.
Words such as "anticipates", "believes", "estimates", "expects", "forecasts",
"intends", "is likely", "plans", "projects", variations of such words and
similar expressions are intended to identify such forward-looking statements.
These forward-looking statements are intended to be covered by the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions ("Future Factors") that are difficult to predict
with regard to timing, extent, likelihood and degree of occurrence. The Company
undertakes no obligation to update, amend, or clarify forward looking
statements, whether as a result of new information, future events (whether
anticipated or unanticipated), or otherwise.

Future Factors include changes in interest rates and interest rate
relationships; demand for products and services; the degree of competition by
traditional and non-traditional competitors; changes in banking regulation;
changes in tax laws; changes in prices, levies, and assessments; the impact of
technological advances; governmental and regulatory policy changes; the outcomes
of contingencies; trends in customer behavior as well as their ability to repay
loans; changes in the national and local economy; and other factors, including
risk factors, referred to from time to time in filings made by the Company with
the Securities and Exchange Commission. These are representative of the Future
Factors that could cause a difference between an ultimate actual outcome and a
preceding forward-looking statement.


FINANCIAL CONDITION

Total assets increased by $26,605,461 to $174,796,737 at September 30, 2002 from
$148,191,276 at December 31, 2001. This is an 18% increase in assets during the
first nine months of 2002. Growth is attributable to an increase in loan volume
as well as higher balances held at other financial institutions and federal
funds being sold. Management continues to focus on small- to medium-sized
business customers, the original strategy since opening in January 1999.

Cash and cash equivalents increased by $10,570,830 to $12,841,751 at September
30, 2002 from $2,270,921 at December 31, 2001. This increase was the result of
an additional $5,996,113 being held at other financial institutions. On
September 30 2002, due to an unexpected increase in deposits, management chose
to leave an additional $2,000,000 in its Federal Reserve Account overnight due
to its favorable risk weighting when computing the Bank's quarter end capital
position. The increased balances held in the Bank's correspondent account are
simply reflective of general growth of the Bank's customer base. Finally there
was $4,600,000 in federal funds sold on September 30, 2002 compared to none
being sold on December 31, 2001.



                                     - 12 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS


Securities held decreased by $1,098,557 in the first nine months of 2002.
Security purchases are mainly driven by general growth in the Bank's repurchase
agreement account holdings. A repurchase agreement is not considered a deposit
by the FDIC and is therefore not eligible for FDIC insurance coverage. The
recorded liability is treated like a short-term borrowing of the Bank. To secure
the short-term borrowing (repurchase agreement), balances held by customers are
typically collateralized by high quality government securities held within the
Bank's security portfolio. On the last day of the quarter, a deposit of
$2,064,967 was made into the repurchase product however there was an
insufficient amount of pledged securities in the Bank's investment portfolio to
cover the increase. On October 1, 2002, the Bank purchased securities with a
value of $2,496,917 for the purpose of covering the deficiency. The purchased
securities settled on October 2, 2002. If the repurchase balances continue to
increase, the purchase of additional Treasuries and Agencies would be required
to fulfill the collateralization requirement.

Loans held for sale totaled $906,000 at September 30, 2002 compared to none
being held for sale at year-end 2001. The entire balance is made up of real
estate mortgage loans. Since opening Community Shores Mortgage Company in March
of this year, mortgage loans are originated by the Mortgage Company and placed
in a portfolio of loans held for sale. Usually within 30 days of origination,
the loans are sold for a gain to various venders on a servicing released basis.
At this time it is not the intention of management to retain fifteen and
thirty-year fixed rate mortgage loans due to the risk involved from an asset
liability management perspective.

Total loans climbed to $134,781,100 at September 30, 2002 from $118,115,580 at
December 31, 2001. Of the $16,665,520 increase experienced, 79% occurred in the
commercial loan portfolio and 16% occurred in the installment loan portfolio.
The "wholesale" banking focus applied since opening in 1999 continued during the
first nine months of 2002. Presently, the commercial category of loans comprises
76% of the Bank's total loan portfolio. There are five experienced commercial
lenders on staff devoted to pursuing and originating these types of loans.
Growth was also experienced on the "retail" lending side. Installment loans
increased $2,804,179 or 13%, over the balance reported at December 31, 2001.
Growth in this category was mostly the result of new business in direct and
indirect automobile loans and home equity loans. Management is experiencing a
softening in loan volume in spite of the favorable interest rate environment but
still remains optimistic about future opportunities in the Bank's market
resulting from the acquisition of a competitor bank by an out-of-state bank
holding company.

The loan maturities and rate sensitivity of the loan portfolio at September 30,
2002 have been included below:





                                     - 13 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS


<TABLE>
<CAPTION>
                                          Within         Three to         One to          After
                                           three          twelve           five            five
                                          months          months           years          years           Total
                                    --------------------------------------------------------------------------------
<S>                                 <C>                <C>             <C>             <C>            <C>
Commercial, financial and other         $14,278,829     $34,065,833     $52,602,717     $1,533,581     $102,480,960
Real estate-construction                    922,140         872,718               0              0        1,794,858
Real estate-mortgages                        30,064         142,340         934,886      4,579,190        5,686,480
Installment loans to individuals          1,515,355       3,263,139      16,946,332      3,093,976       24,818,802
                                    --------------------------------------------------------------------------------
                                        $16,746,388     $38,344,030     $70,483,935     $9,206,747     $134,781,100
                                    ================================================================================

Loans at fixed rates                      2,741,697       5,200,202      56,773,187      6,700,107      $71,415,193
Loans at variable rates                  14,004,691      33,143,828      13,710,748      2,506,640       63,365,907
                                    --------------------------------------------------------------------------------
                                        $16,746,388     $38,344,030     $70,483,935     $9,206,747     $134,781,100
                                    ================================================================================

</TABLE>



 The loan portfolio is reviewed and analyzed on a regular basis for the purpose
of estimating probable incurred credit losses. The allowance for loan losses is
adjusted accordingly to maintain an adequate level based on that analysis. At
September 30, 2002, the allowance totaled $1,833,492 or approximately 1.36% of
gross loans outstanding. Management has determined that this is an appropriate
level based on their detailed review of the loan portfolio including comparison
of allowance levels to those maintained by other institutions with similar, but
seasoned loan portfolios. The allocation of the allowance at September 30, 2002
was as follows:


<TABLE>
<CAPTION>
                                                         September 30, 2002                    December 31, 2001
                                                                     Percent of                           Percent of
                                                                      allowance                            allowance
Balance at End of Period Applicable to:                              related to                           related to
                                                     Amount         loan category           Amount       loan category
                                                 ----------------  ----------------    ---------------  ----------------
<S>                                              <C>               <C>                 <C>              <C>
Commercial                                            $1,476,092              80.5 %       $1,180,208              76.9 %
Residential real estate                                   65,982               3.6             68,268               4.4
Installment                                              291,418              15.9            287,067              18.7
Unallocated                                                    0               0.0                  0               0.0
                                                 ----------------  ----------------    ---------------  ----------------

Total                                                 $1,833,492             100.0 %       $1,535,543             100.0 %
                                                 ================  ================    ===============  ================
</TABLE>




Management will continue to monitor the allocation and make necessary
adjustments to the provision and the allowance based on portfolio concentration
levels, actual loss experience and the financial condition of the borrowers. As
such, an additional $442,140 was provided for since December 31, 2001. At the
end of September 2002, loans 30-59 days past due totaled $1,004,920 up from
$735,005 at December 31, 2001. Approximately $574,000 of the increase in these
past due balances was related to commercial loans which was offset by a decrease
in retail past dues of $304,000. One commercial loan in the 30-59 days past due
category totaling approximately $254,000 had matured. In October the loan was
renewed and was removed from the past due listings. There was a total of
$171,980 past due 60-89 days and $316,532 past due




                                     - 14 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

more than 89 days at the end of 2001 compared to $294,321 past due 60-89 days
and $1,032,174 past due more than 89 days after the first nine months of 2002.
Approximately 96% of the $716,000 increase in the more than 89 day category is
related to Commercial loans. One commercial loan totaling approximately $470,000
or 46% of the category was paid in full in October. At September 30, 2002, the
Bank had seven non-accrual loans with an aggregate total of $328,516. The Bank
had no non-accrual loans at the end of December 2001. Net charge-offs recorded
in 2001 were $128,527. In the first nine months of 2002, the Bank had net
charge-offs of $144,191. Although non-accruals and net charge-offs have
increased since year-end 2001, management feels that it is a factor of both the
weak economy and the normal seasoning of the portfolio.

Bank premises and equipment decreased $172,235 to $3,001,489 at September 30,
2002 from $3,173,724 at December 31, 2001. Accumulated depreciation and
amortization represented $1,001,789 at year-end compared to $1,293,762 at
September 30, 2002. No significant capital expenditures were made in the first
nine months of 2002.

Deposit balances were $135,144,340 at September 30, 2002 up from $110,148,334 at
December 31, 2001. Non-interest bearing checking increased $1,282,034 or 14%
since 2001 year-end. The increase in the categories of interest bearing checking
and money market accounts was $12,840,911 (32%) for the first three quarters of
2002. During the last quarter, one of the Bank's large public fund customers
made a significant money market deposit. Time deposits and savings accounts
increased $10,873,061 or 18% since December 31, 2001. Sometimes management
chooses to fund a portion of the Bank's loan growth by obtaining brokered
deposits. As such, brokered deposits went from 23% to 26% of total deposits
during the first three quarters of 2002. Brokered deposits are time deposits
obtained from depositors located outside of our market area and are placed with
the Bank by a deposit broker. Local initiatives have also been successful in the
first nine months of 2002. As a result of three certificate of deposit campaigns
in the first half of 2002, the Bank managed to book over $6,828,000 in new
deposits. Although the bookings only netted a local deposit increase of
$1,620,562 it was viewed as a positive event to retain such a significant
portion of the maturing deposits with the rate environment as it is currently.

Repurchase agreements increased $6,574,038 since December 31, 2001 with
$2,064,967 of the growth occurring on the last day of the quarter. The nine
month growth figure represents an increase of 54% over the balance at 2001
year-end. The growth is attributable to existing customers increasing their
carrying balances from those held at year-end as well as the addition of new
customers using this banking product. The Bank's Federal Home Loan Bank ("FHLB")
advances outstanding was $6,000,000 at both September 30, 2002 and December 31,
2001. On January 9, 2002, the Bank arranged to borrow $1,500,000 for 180 days at
a variable rate. The proceeds were used to resolve a short-term liquidity
deficit at the beginning of 2002. The loan was repaid on January 22, 2002. In
September, two of the three putable advances owned by the Bank were eligible for
conversion to a floating rate at the option of the FHLB. The FHLB did not
exercise its right in either case. The putable advances of $2,500,000 and
$1,500,000 continue to accrue interest at rates of 5.10% and 5.99% respectively.
Going forward the FHLB will have the



                                     - 15 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

right to exercise its option on both notes every ninety days. In the event that
either note converts to a floating rate, management has the right to pay off the
note with no pre-payment penalty. At this time, it is not anticipated that
either advance will convert to a floating rate given the nature of the current
rate environment.

As of September 30, 2002, the Company had borrowed $3,600,000 from some of its
Directors and Community Shores LLC for the purpose of infusing capital into the
Bank and to provide cash for the operating expenses of the Company. The current
balance is $200,000 more than the outstanding balance on December 31, 2001. This
debt is subordinated to all senior debt of the Company. The notes have a
floating rate and are currently accruing interest at 6.25% per annum. Interest
payments are due quarterly on the fifteenth of the month. The next scheduled
interest payment is due on January 15, 2003. During 2002's second quarter,
$200,000 was contributed to the Bank's capital to achieve a well capitalized
risk based capital position. During the third quarter of 2002, there was no
capital contribution necessary due to the better than expected earnings at the
Bank. Next quarter should asset growth rates exceed earnings, the Company
expects once again to contribute capital to enable the Bank to maintain a well
capitalized capital ratio. During the first three months of 2002, the Company
evaluated several possible strategies to effectively increase capital levels.
The most efficient way to achieve the desired results was determined to be an
unregistered sale of Company stock. Since May of 2002, the Company obtained
$804,381 of capital through the sale of common stock. These additional funds are
expected to be contributed to the Bank to maintain the desired capital ratio.
The Company may obtain more capital using this same strategy in the near future.

RESULTS OF OPERATIONS

The net income for the third quarter of 2002 was $235,712 which compares
favorably to the net income of $165,311 recorded in the third quarter of 2001.
At September 30, 2002, the Company's year to date income of $572,083 was an
improvement of 185% over reported net income of $200,965 for the nine months of
last year. For the third quarter and first nine months of 2002, the annualized
return on the Company's average total assets was .57% and .46% respectively. The
Company's return on average equity was 9.17% for the third quarter of 2002 and
7.89% for the first nine months. At September 30, 2002, the ratio of average
equity to average assets was 6.18% for the second quarter and 5.80% for the
first nine months of 2002. The Company's retained deficit was $1,618,848 at
September 30, 2002 compared to $2,190,931 at December 31, 2001. The actual
operating results for the third quarter and first nine months of 2002 were
better than management's internal, budgeted goal. The main contributing factor
to the above results is the improvement in net interest income.

The following tables sets forth certain information relating to the Company's
consolidated average interest earning assets and interest-bearing liabilities
and reflects the average yield on assets and average cost of liabilities for the
periods indicated. Such yields and costs are derived by dividing annualized
income or expenses by the average daily balance of assets or liabilities,
respectively, for the periods presented.





                                     - 16 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS


<TABLE>
<CAPTION>

                                                                    Nine months ended September 30:
                                                                  2002                                      2001
                                                    Average                    Average        Average                   Average
                                                    balance       Interest      rate          balance       Interest      rate
                                                ---------------------------------------   --------------------------------------
<S>                                             <C>               <C>         <C>         <C>              <C>          <C>
Assets
     Federal funds sold and interest-bearing
      deposits with other financial institution   $   8,100,029   $  103,080      1.70 %    $   5,085,942   $  181,889     4.77 %
     Investment securities                           23,945,942      946,231      5.27         20,112,675      967,389     6.41
     Loans (including held for sale)                128,085,640    6,771,187      7.05        103,716,254    6,715,460     8.63
                                                ---------------------------------------   --------------------------------------
                                                    160,131,611    7,820,498      6.51        128,914,871    7,864,738     8.13
     Other assets                                     6,524,190                                 6,862,260
                                                ----------------                          ----------------
                                                  $ 166,655,801                             $ 135,777,131
                                                ================                          ================

Liabilities and Shareholders' Equity
     Interest-bearing deposits                    $ 121,161,755   $3,149,254      3.47      $  97,298,005   $3,936,056     5.39
     Federal funds purchased and repurchase
          agreements                                 15,497,033      230,210      1.98         12,105,822      343,880     3.79
     Note payable and Federal Home Loan
          Bank advances                               9,611,722      423,916      5.88          8,763,388      438,637     6.67
                                                ---------------------------------------   --------------------------------------
                                                    146,270,510    3,803,380      3.47        118,167,215    4,718,573     5.32
                                                                -------------                             -------------
     Noninterest-bearing deposits                    10,031,176                                 8,222,661
     Other liabilities                                  691,766                                   726,039
     Shareholders' Equity                             9,662,349                                 8,661,216
                                                ----------------                          ----------------
                                                  $ 166,655,801                             $ 135,777,131
                                                ================                          ================
Net interest income                                               $4,017,118                                $3,146,165
                                                                =============                             =============
Net interest spread on earning assets                                             3.04 %                                   2.81 %
                                                                             ==========                                =========

Net interest margin on earning assets                                             3.34 %                                   3.25 %
                                                                             ==========                                =========
</TABLE>




The net interest spread on average earning assets increased 23 basis points to
3.04% since September 30, 2001. The net interest margin improved 9 basis points
from 3.25% at September 30, 2001 to 3.34% at September 30, 2002. Year to date
net interest income was $4,017,118 compared to a figure of $3,146,165 for the
same nine months in 2001, an increase of $870,953 or 28%. Interest income
recorded for the first three quarters of 2002 was generated primarily from
booking loans, purchasing securities, and selling federal funds. Year to date
interest income through September 30, 2002 was $7,820,498 compared to $7,864,738
recorded for the same nine month period in 2001. The net decrease reflects .6%
less interest income recorded so far in 2002 compared to 2001. The average rate
earned on interest-earning assets was 6.51% for the nine months ended September
30, 2002 compared to 8.13% for the same period in 2001. This decrease of 162
basis points resulted primarily from differences in the Bank's internal prime
rate. All changes, no matter what direction, to the Bank's internal prime rate
affect interest earned on variable rate loans and new loan volume. At September
30, 2002, 47% of the Bank's loan portfolio was variable and average loans
outstanding had increased $24,369,386 over the same period end one-year earlier.
Additionally, interest expense incurred on deposits, repurchase agreements,
federal funds purchased, Federal Home Loan



                                     - 17 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

Bank advances and Notes Payable decreased 19% for the first nine months of the
year compared to the first nine months of 2001. This category totaled $3,803,380
through September 30, 2002 which was a $915,193 reduction over the total
recorded for the same period in 2001. The favorable change in the net interest
margin is directly attributable to the Bank's success in securing a lower cost
of funds in a declining rate environment. The average rate paid on
interest-bearing products was 185 basis points less than what was paid a year
earlier. Similarly, an analysis of the third quarter information shows the
Company's ability to maintain a lower cost of funds. The yield on interest
earning liabilities decreased by 139 basis points in the third quarter of 2002
compared to the same period last year. In spite of this improvement, the net
interest margin through September 30, 2002 decreased by 1 basis point compared
to the same period one year earlier. The 182 basis point difference (lower) in
the Bank's internal prime rate during 2001's and 2002's third quarter period is
mainly responsible for the decrease. Details of the quarter to quarter
comparison are shown below.


<TABLE>
<CAPTION>
                                                                            Three months ended September 30:
                                                                     2002                                      2001
                                                       Average                   Average         Average                  Average
                                                       balance       Interest     rate           balance       Interest     rate
                                                   ---------------------------------------   --------------------------------------
<S>                                                <C>              <C>          <C>         <C>             <C>          <C>
Assets
     Federal funds sold and interest-bearing
       deposits with other financial institution     $   4,576,060   $   19,356      1.69 %    $   3,484,386   $   31,845     3.66 %
     Investment securities                              22,254,005      285,012      5.12         20,757,324      323,464     6.23
     Loans (including held for sale)                   133,562,972    2,348,426      7.03        108,783,838    2,274,785     8.36
                                                   ---------------------------------------   --------------------------------------
                                                       160,393,037    2,652,794      6.62        133,025,548    2,630,094     7.91
     Other assets                                        5,949,343                                 6,895,757
                                                   ----------------                          ----------------
                                                     $ 166,342,380                             $ 139,921,305
                                                   ================                          ================

Liabilities and Shareholders' Equity
     Interest-bearing deposits                       $ 120,067,131   $1,028,614      3.43      $  97,931,869   $1,187,406     4.85
     Federal funds purchased and repurchase
          agreements                                    15,054,306       73,180      1.94         13,736,257      120,964     3.52
     Note payable and Federal Home Loan
          Bank advances                                  9,600,000      143,456      5.98          9,180,434      150,546     6.56
                                                   ---------------------------------------   --------------------------------------
                                                       144,721,437    1,245,250      3.44        120,848,560    1,458,916     4.83
                                                                   -------------                             -------------
     Noninterest-bearing deposits                       10,575,151                                 9,811,729
     Other liabilities                                     765,594                                   463,845
     Shareholders' Equity                               10,280,198                                 8,797,171
                                                   ----------------                          ----------------
                                                     $ 166,342,380                             $ 139,921,305
                                                   ================                          ================
Net interest income                                                  $1,407,544                                $1,171,178
                                                                   =============                             =============
Net interest spread on earning assets                                                3.17 %                                   3.08 %
                                                                                ==========                                =========

Net interest margin on earning assets                                                3.51 %                                   3.52 %
                                                                                ==========                                =========
</TABLE>





As the Bank's cost of funds declines and prime rate changes continue being a
possibility, asset liability management has become an important tool for
assessing and monitoring interest rate sensitivity. Management of interest rate
sensitivity attempts to avoid widely varying net interest




                                     - 18 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

margins and achieve consistent net interest income through periods of changing
interest rates. Asset liability management aids the Company in achieving
reasonable and predictable earnings and liquidity while maintaining a balance
between interest-earning assets and interest-bearing liabilities. Liquidity
management involves the ability to meet the cash flow requirements of the
Company's customers. These customers may be either borrowers with credit needs
or depositors wanting to withdraw funds. Interest rate sensitivity varies with
different types of earning assets and interest-bearing liabilities. Overnight
investments, on which rates change daily, and loans tied to the prime rate,
differ considerably from long term investment securities and fixed rate loans.
Time deposits over $100,000 and money market accounts are more interest
sensitive than regular savings accounts. Comparison of the repricing intervals
of interest-earning assets to interest-bearing liabilities is a measure of
interest sensitivity gap. Balancing this gap is a continual challenge in a
changing rate environment. The Company uses a sophisticated computer program to
perform analysis of interest rate risk, assist with asset liability management,
and model and measure interest rate sensitivity. Details of the repricing gap at
September 30, 2002 were:


<TABLE>
<CAPTION>
                                                                       Interest rate sensitivity period
                                                    Within          Three to         One to           After
                                                     three           twelve           five             five
                                                     months          months           years           years            Total
                                             -----------------------------------------------------------------------------------
<S>                                          <C>                 <C>              <C>              <C>            <C>
Earning assets
   Interest-bearing deposits
     in other financial institutions              $    54,358     $          0     $         0      $         0    $     54,358
   Federal funds sold                               4,600,000                0               0                0       4,600,000
   Securities (including FHLB stock)                8,829,707        5,415,926       7,928,682        1,884,053      24,058,368
   Loans held for sale                                      0                0               0          906,000         906,000
   Loans                                           73,711,252        7,933,859      51,151,739        1,984,250     134,781,100
                                             -----------------------------------------------------------------------------------
                                                   87,195,317       13,349,785      59,080,421        4,774,303     164,399,826
Interest-bearing liabilities
   Savings and checking                            55,708,293                0               0                0      55,708,293
   Time deposits<$100,000                           3,820,345       10,178,018      19,688,535                0      33,686,898
   Time deposits>$100,000                           4,765,990       11,026,335      19,457,492                0      35,249,817
   Repurchase agreements and
     Federal funds purchased                       18,838,636                0               0                0      18,838,636
   Notes payable and Federal Home
     Loan Bank advances                             7,600,000                0       2,000,000                0       9,600,000
                                             -----------------------------------------------------------------------------------
                                                   90,733,264       21,204,353      41,146,027                0     153,083,644
                                             -----------------------------------------------------------------------------------
Net asset (liability) repricing gap               $(3,537,947)    $ (7,854,568)    $17,934,394      $ 4,774,303    $ 11,316,182
                                             ===================================================================================
Cumulative net asset (liability)
     repricing gap                                $(3,537,947)    $(11,392,515)    $ 6,541,879      $11,316,182
                                             ===================================================================

</TABLE>



Currently the Bank has a negative twelve month repricing gap which indicates
that the bank is liability sensitive. This position implies that decreases to
the national federal funds rate would have more of an impact on interest expense
than on interest income if there were a parallel shift in rates. For instance if
the Bank's internal prime rate went down by 25 basis points and every




                                     - 19 -
<PAGE>

                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

interest earning asset and interest bearing liability on the Bank's September
30, 2002 balance sheet adjusted simultaneously by the same 25 basis points, more
liabilities would be affected than assets. At this point in time it would not be
prudent to assume that future reductions in the Bank's internal prime could be
completely absorbed by reductions to the Bank's deposit rates. Some deposit
rates are reaching the bottom limit of what can be paid in today's marketplace.

The provision for loan losses for the third quarter and the first nine months of
2002 were $154,400 and $442,140 compared to a figures of $101,300 and $294,020
for the same periods in 2001. Management believes that the allowance level is
adequate and justifiable based on the factors discussed earlier (see Financial
Condition). Management will continue to review the allowance with the intent of
maintaining it at an appropriate level. The provision may be increased or
decreased in the future as management continues to monitor the loan portfolio
and actual loan loss experience.

Non-interest income recorded in the third quarter totaled $234,703 and
represented an increase of 75% over last year's third quarter. Through September
30, 2002, non-interest income was $635,866 compared to a figure of $487,129 for
the first nine months of 2001. Service charge income was $84,079 higher between
2002's third quarter and the similar quarter in 2001. About $51,000 of the
increase was related to non-sufficient funds charges which is typically a
symptom of the economic environment. The significant increases experienced in
this type of fee income over the past nine months are not guaranteed and should
not be counted on for future contributions to earnings. The other portion of the
increase is from service charges on deposits. Management believes that increases
to fee income of this type will continue to increase in future quarters due to
anticipated growth in the number of deposit accounts. Conversely, mortgage loan
referral fees recorded in the third quarter of 2002 decreased $39,418 from the
figure shown in the third quarter of 2001. Since the Bank opened Community
Shores Mortgage Company in March of this year the mortgage loans are sometimes
handled differently resulting in an actual sale of a booked loan. Profits from
these loan sales were $45,825 for the third quarter. On a year to date basis,
mortgage loan referral fees and gain on loan sales totaled $134,627 compared to
$127,354 of mortgage loan referral fees being realized through September 30 of
2001. It is difficult to predict future contributions of mortgage related fee
income to non-interest income because of its dependence on interest rates, which
are subject to market forces. Other non-interest income consists of a variety of
categories. The one showing the most dramatic improvement from last year's first
nine months to this year's was brokerage commissions. The total increase in this
category was roughly $10,000 or 22% of the improvement in other non-interest
income on a year to date basis.

Non-interest expenses for the first three quarters of 2002 increased 16% over
the same nine month period in 2001. The figure for the first nine months of 2002
was $3,638,761 compared to a total of $3,138,309 for the first nine months of
2001. The third quarter expenses increased over the similar period one year ago
by a total of $213,636. Salaries and benefits comprised 65% of the year to date
increase and 72% of the third quarter increase. There were an additional 10.0
full-time equivalent employees at September 30, 2002 compared to September 30,
2001. The group insurance portion of this expense category has risen
dramatically not only due to staff



                                     - 20 -
<PAGE>


                        COMMUNITY SHORES BANK CORPORATION
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

additions but also increased premiums. Of the total increase in salary and
benefits on a year-to-date basis, 13% is related to additional group insurance
expenses. Occupancy and furniture and equipment expenses declined $1,268 for the
third quarter and increased $12,591 (3%) for the first nine months of 2002
compared to the similar periods in 2001. On a year-to-date basis, higher
maintenance contract costs and an increase in property taxes for the Bank's main
office were mostly the cause of this fluctuation. Advertising expense has
escalated on both a quarterly and a year-to-date basis. During 2002's third
quarter the recorded expense was $18,191 higher than the similar period of 2001.
A large portion of the expense was related to a community picnic that was hosted
by the Bank on June 28. Another portion of the increase was related to a small
level sponsorship of a local pro hockey team, the Muskegon Fury. Data processing
expenses, as expected, have increased as a result of the Bank's expanding
customer base as well as the addition of the personal internet banking
capability. This category has grown 30% in the first nine months of 2002 and 35%
for the third quarter compared to the same periods in 2001. These increases in
data processing costs are responsible for 8% of the total increase in
non-interest expenses so far this year. Expenses of this nature are an
unavoidable cost of doing business for a financial institution. Professional
services expense decreased by $30,467 for the first nine months and $28,773 for
the third quarter when comparing the year to date and quarterly figures
reflected through September 30, 2002 with the similar periods one year ago. The
line item showing other non-interest expenses has increased $55,192 compared to
the similar quarter in 2001 and $132,866 compared to the same nine month period
last year. In 2001, the Bank began paying its directors a fee for attending
scheduled Board and Committee meetings. By September 30, 2002, the Bank had
accrued $46,501 in director's fees versus $17,100 accrued in 2001. The change in
this category for the first nine months of the year accounts for 17% of the
increase in other non-interest expense on a year to date basis. The repo and
collection expenses related to problem loans have increased and are responsible
for 9% of the change in the other non-interest expense on a year-to-date basis.
Expenses of this nature are a necessary cost of doing business as a loan
portfolio begins to experience increased charge-offs and past due statistics. In
the first nine months of 2002 the Bank accrued State of Michigan Business Taxes
of $20,626 compared to none being accrued for the same time period in 2001. The
increase in this category is responsible for 12% of the year to date increase in
other non-interest expenses. No Federal Income Tax accruals were made for either
the first three quarters of 2002 or that of 2001. Given the fact that the
Company is now profitable the net operating losses accumulated in the first
years of operation are being used to offset the federal tax liability on current
profits. At this time it is estimated that the net operating losses will
continue offsetting income throughout 2002.

ITEM 3.           CONTROLS AND PROCEDURES

Within the 90-day period prior the filing date of this report, an evaluation was
carried out under the supervision and with the participation of the Company's
management, including the Chief Executive Officer and Chief Financial Officer,
of the effectiveness of our disclosure controls and procedures. Based on the
evaluation, our Chief Executive Officer and Chief Financial Officer have
concluded that the Company's disclosure controls and procedures were, to the
best of their knowledge, effective on the date of the evaluation with respect to
information required to be disclosed by the Company in reports that it files or
submits under the Exchange Act. Subsequent to the date of the evaluation, Our
Chief Executive Officer and Chief Financial Officer have concluded that there
have been no significant changes in the Company's internal controls



                                     - 21 -
<PAGE>


ITEM 3.  CONTROLS AND PROCEDURES-continued

or in other factors that could affect its internal controls, including any
corrective actions with regard to significant deficiencies and material
weaknesses.


PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

From time to time, the Company, the Bank or the Mortgage Company may be involved
in various legal proceedings that are incidental to their business. In the
opinion of management, neither the Company, the Bank nor the Mortgage Company is
a party to any current legal proceedings that are material to the financial
condition of the Company, the Bank or the Mortgage Company, either individually
or in the aggregate.

ITEM 2.  CHANGES IN SECURITIES

During the third quarter of 2002, the Company sold 10,000 shares of unregistered
common stock in a privately negotiated sale to one individual. Since May of this
year, 103,750 shares of unregistered common stock have been sold in similar
transactions. All of the sales were made at a price of $8.00 per share in cash.
Of these shares, 81,250 were sold in May, 12,500 were sold in June and 10,000
were sold in August. Each of the purchasers was believed to be an accredited
investor under Regulation D of the Securities Act of 1933. Each of the sales was
made in reliance on an exemption from registration under Rule 506 of Regulation
D or Section 4(2) under the Securities Act of 1933. The 103,750 shares of common
stock sold have not been registered under the Securities Act of 1933, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.

ITEM 5.  OTHER INFORMATION

Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K


(a) Exhibits:




                                     - 22 -
<PAGE>


EXHIBIT NO.                   EXHIBIT DESCRIPTION
-----------                   -------------------

   3.1           Articles of Incorporation are incorporated by reference to
                 exhibit 3.1 of the Company's Registration Statement on Form
                 SB-2 (Commission File No. 333-63769) that became effective on
                 December 17, 1998.

   3.2           Bylaws of the Company are incorporated by reference to exhibit
                 3.2 of the Company's Registration Statement on Form SB-2
                 (Commission File No. 333-63769) that became effective on
                 December 17, 1998.

   3.3           First Amendment to the Bylaws of the Company dated December 19,
                 2001 is incorporated by reference to exhibit 3.3 of the
                 Company's March 31, 2002 10QSB.

   10.1          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and John L. Hilt, acting through his IRA, dated August 28,
                 2002.

   10.2          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Donald E. Hegedus dated August 28, 2002.

   10.3          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Michael D. Gluhanich dated August 28, 2002.

   10.4          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Robert L. Chandonnet dated August 28, 2002.

   10.5          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Community Shores LLC dated August 28, 2002.

   99.1          Certification of Chief Executive Officer pursuant to Section
                 906 of the Sarbanes-Oxley Act of 2002.

   99.2          Certification of Chief Financial Officer pursuant to Section
                 906 of the Sarbanes-Oxley Act of 2002.


(b)  Reports on Form 8-K.

         No reports on Form 8-K were filed during the quarter for which this
report is filed.




                                     - 23 -
<PAGE>


                                   SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized, on November 14, 2002.


                           COMMUNITY SHORES BANK CORPORATION



                           By:  /s/ Jose' A. Infante
                                --------------------------------------------
                           Jose' A. Infante
                           Chairman of the Board, President and Chief
                             Executive Officer (principal executive officer)



                           By:  /s/ Tracey A. Welsh
                                --------------------------------------------
                           Tracey A. Welsh
                           Chief Financial Officer and Vice President
                              (principal financial and accounting officer)








                                     - 24 -

<PAGE>

                                 CERTIFICATIONS

I, Jose' A. Infante, Chairman, President and Chief Executive Officer of
         Community Shores Bank Corporation, certify that:

1.       I have reviewed this quarterly report on Form 10-Q of Community Shores
         Bank Corporation (the "registrant");

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         a)       designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

         c)       presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of the registrant's board of directors (or persons
         performing the equivalent function):

         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and




                                     - 25 -
<PAGE>




6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:    November 14, 2002      /s/ Jose' A. Infante
                                ------------------------------------------------
                                Jose' A. Infante
                                Chairman, President  and Chief Executive Officer










                                     - 26 -
<PAGE>



I, Tracey A. Welsh, Chief Financial Officer and Vice President of Community
         Shores Bank Corporation, certify that:

1.       I have reviewed this quarterly report on Form 10-Q of Community Shores
         Bank Corporation (the "registrant");

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         a)       designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

         c)       presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of the registrant's board of directors (or persons
         performing the equivalent function):

         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and





                                     - 27 -
<PAGE>




6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:    November 14, 2002           /s/ Tracey A. Welsh
                                     -------------------------------------------
                                     Tracey  A. Welsh
                                     Chief Financial Officer and Vice President







                                     - 28 -
<PAGE>


                                  EXHIBIT INDEX



EXHIBIT NO.      EXHIBIT DESCRIPTION
-----------      -------------------
   3.1           Articles of Incorporation are incorporated by reference to
                 exhibit 3.1 of the Company's Registration Statement on Form
                 SB-2 (Commission File No. 333-63769) that became effective on
                 December 17, 1998.
   3.2           Bylaws of the Company are incorporated by reference to exhibit
                 3.2 of the Company's Registration Statement on Form SB-2
                 (Commission File No. 333-63769) that became effective on
                 December 17, 1998.
   3.3           First Amendment to the Bylaws of the Company dated December 19,
                 2001 is incorporated by reference to exhibit 3.3 of the
                 Company's March 31, 2002 10QSB.
   10.1          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and John L. Hilt, acting through his IRA, dated August 28,
                 2002.
   10.2          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Donald E. Hegedus dated August 28, 2002.
   10.3          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Michael D. Gluhanich dated August 28, 2002.
   10.4          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Robert L. Chandonnet dated August 28, 2002.
   10.5          First Amendment to Community Shores Bank Corporation Floating
                 Rate Subordintated Note due June 30, 2007 and Subordinated Note
                 Purchase Agreement between Community Shores Bank Corporation
                 and Community Shores LLC dated August 28, 2002.
   99.1          Certification of Chief Executive Officer pursuant to Section
                 906 of the Sarbanes-Oxley Act of 2002.
   99.2          Certification of Chief Financial Officer pursuant to Section
                 906 of the Sarbanes-Oxley Act of 2002.



                                     - 29 -