Overview / Commentary
109 East Division
Sparta, MI 49345

ChoiceOne Bank is headquartered in Sparta and is the 21st largest bank in the state of Michigan. It is also the 1,187th largest bank in the nation. It was established in 1898 and as of March of 2018, 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 - YTD1.05%
Return on Equity - YTD9.28%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$619.0MM$614.2MM
LoansQ1 2018vs Q1 2017$388.6MM$374.8MM
DepositsQ1 2018vs Q1 2017$533.5MM$509.2MM
Equity CapitalQ1 2018vs Q1 2017$70.8MM$68.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$4.7MM$4.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.3MM$1.4MM
Real Estate OwnedQ1 2018vs Q1 2017$179.00K$472.00K

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



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