ChoiceOne Bank


Overview / Commentary
616-887-7366
109 East Division
Sparta, MI 49345

ChoiceOne Bank is headquartered in Sparta and is the 20th largest bank in the state of Michigan. It is also the 1,148th largest bank in the nation. It was established in 1898 and as of June of 2019, it had grown to 166 employees at 15 locations. ChoiceOne Bank has an A health rating.

Reviews (2)

Great Local Bank

Posted by: gander12 | Aug 30, 2018

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

Health Grade Components

Overall
FDIC Certificate #1014
Year Established1898
Employees166
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.36%
Annual Interest Income$13.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$655.1MM$627.0MM
LoansQ2 2019vs Q2 2018$423.6MM$400.9MM
DepositsQ2 2019vs Q2 2018$563.9MM$529.1MM
Equity CapitalQ2 2019vs Q2 2018$80.1MM$71.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.8MM$4.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.2MM$1.1MM
Real Estate OwnedQ2 2019vs Q2 2018$359.00K$179.00K
Rates

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

Locations

Availability



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