ChoiceOne Bank

ChoiceOne Bank


Overview / Commentary
616-205-0321
109 E. Division
Sparta, MI 49345

ChoiceOne Bank is headquartered in SPARTA and is the 8th largest bank in the state of Michigan. It is also the 470th largest bank in the nation. It was established in 1898 and as of June of 2023, it had grown to 380 employees at 32 locations. ChoiceOne Bank has a B+ health rating.

Reviews (2)

Great Local Bank

Posted by: |

I have loved banking with this small bank. The people are very nice and honest with me. The manager gave me good advice when I had my purse stolen and signed me up for the identity protection. :)

Would not Recommend this Bank!

Decided to switch to a larger national bank after be coming fed up with the customer service, and the overall experience with this bank. I had an issue where they overcharged me by quite a bit, and they were unwilling to work with me at all. I definitely would not recommend.



Health
B+

Health Grade Components

Overall
FDIC Certificate #1014
Year Established1898
Employees380
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD12.12%
Annual Interest Income$44.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.48B$2.36B
LoansQ2 2023vs Q2 2022$1.26B$1.12B
DepositsQ2 2023vs Q2 2022$2.10B$2.15B
Equity CapitalQ2 2023vs Q2 2022$201.3MM$186.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$14.6MM$7.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.6MM$1.2MM
Real Estate OwnedQ2 2023vs Q2 2022$266.00K$0
Rates

Sorry, we do not have rate data for ChoiceOne Bank.

Locations

Availability



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