ChoiceOne Bank is headquartered in Sparta and is the 11th largest bank in the state of Michigan. It is also the 610th largest bank in the nation. It was established in 1898 and as of September of 2020, it had grown to 317 employees at 28 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||1.21%|
|Return on Equity - YTD||9.12%|
|Annual Interest Income||$38.7MM|
|Assets and Liabilities|
|Assets||Q3 2020vs Q3 2019||$1.57B$661.0MM|
|Loans||Q3 2020vs Q3 2019||$994.8MM$433.9MM|
|Deposits||Q3 2020vs Q3 2019||$1.36B$574.9MM|
|Equity Capital||Q3 2020vs Q3 2019||$201.9MM$81.2MM|
|Loan Loss Allowance||Q3 2020vs Q3 2019||$6.7MM$4.1MM|
|Unbacked Noncurrent Loans||Q3 2020vs Q3 2019||$3.5MM$3.6MM|
|Real Estate Owned||Q3 2020vs Q3 2019||$65.00K$284.00K|
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