ChoiceOne Bank

ChoiceOne Bank


Overview / Commentary
616-887-7366
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 480th largest bank in the nation. It was established in 1898 and as of March of 2023, it had grown to 376 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
Employees376
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD12.5%
Annual Interest Income$21.4MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.41B$2.37B
LoansQ1 2023vs Q1 2022$1.20B$1.03B
DepositsQ1 2023vs Q1 2022$2.11B$2.16B
Equity CapitalQ1 2023vs Q1 2022$191.5MM$208.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$15.1MM$7.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.6MM$989.00K
Real Estate OwnedQ1 2023vs Q1 2022$130.00K$172.00K
Rates

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

Locations

Availability



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