ChoiceOne Bank is headquartered in Sparta and is the 17th largest bank in the state of Michigan. It is also the 1,143rd largest bank in the nation. It was established in 1898 and as of December of 2019, it had grown to 165 employees at 15 locations. ChoiceOne Bank has an A+ health rating.
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.
|FDIC Certificate #||1014|
|Return on Assets - YTD||1.06%|
|Return on Equity - YTD||8.92%|
|Annual Interest Income||$26.0MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$673.9MM$666.8MM|
|Loans||Q4 2019vs Q4 2018||$430.3MM$425.9MM|
|Deposits||Q4 2019vs Q4 2018||$578.6MM$578.4MM|
|Equity Capital||Q4 2019vs Q4 2018||$81.6MM$75.3MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$4.1MM$4.7MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$3.6MM$1.5MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$175.00K$102.00K|
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