ChoiceOne Bank

ChoiceOne Bank


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

ChoiceOne Bank is headquartered in Sparta and is the 10th largest bank in the state of Michigan. It is also the 509th largest bank in the nation. It was established in 1898 and as of June of 2021, it had grown to 362 employees at 32 locations. ChoiceOne Bank has an A+ health rating.

Reviews (2)

Great Local Bank

Posted by: |

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
A+

Health Grade Components

Overall
FDIC Certificate #1014
Year Established1898
Employees362
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.89%
Annual Interest Income$31.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.12B$1.54B
LoansQ2 2021vs Q2 2020$1.01B$963.0MM
DepositsQ2 2021vs Q2 2020$1.88B$1.33B
Equity CapitalQ2 2021vs Q2 2020$229.8MM$197.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$8.0MM$5.8MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.8MM$3.9MM
Real Estate OwnedQ2 2021vs Q2 2020$260.00K$854.00K
Rates

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

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.