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Overview / Commentary
616-887-7366
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 1,146th largest bank in the nation. It was established in 1898 and as of December 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
A+

Health Grade Components

Overall
FDIC Certificate #1014
Year Established1898
Employees151
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD8.79%
Annual Interest Income$22.0MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$642.8MM$603.9MM
LoansQ4 2017vs Q4 2016$402.7MM$366.7MM
DepositsQ4 2017vs Q4 2016$541.1MM$512.9MM
Equity CapitalQ4 2017vs Q4 2016$71.6MM$67.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$4.6MM$4.3MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.5MM$1.9MM
Real Estate OwnedQ4 2017vs Q4 2016$106.00K$437.00K
Rates

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

Locations

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