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Overview / Commentary
109 East Division
Sparta, MI 49345

ChoiceOne Bank is headquartered in Sparta and is the 18th largest bank in the state of Michigan. It is also the 1,155th largest bank in the nation. It was established in 1898 and as of September of 2017, it had grown to 151 employees at 13 locations. ChoiceOne Bank has an A+ health rating.

Reviews (1)

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 Grade Components

FDIC Certificate #1014
Year Established1898
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD9.24%
Annual Interest Income$16.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$638.3MM$595.1MM
LoansQ3 2017vs Q3 2016$405.5MM$361.2MM
DepositsQ3 2017vs Q3 2016$527.0MM$477.6MM
Equity CapitalQ3 2017vs Q3 2016$71.5MM$69.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$4.2MM$4.3MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.2MM$2.0MM
Real Estate OwnedQ3 2017vs Q3 2016$182.00K$483.00K

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