ChoiceOne Bank

ChoiceOne Bank

Overview / Commentary
109 East 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 520th largest bank in the nation. It was established in 1898 and as of December of 2020, it had grown to 369 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 Grade Components

FDIC Certificate #1014
Year Established1898
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD8.22%
Annual Interest Income$55.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.92B$673.9MM
LoansQ4 2020vs Q4 2019$1.11B$430.3MM
DepositsQ4 2020vs Q4 2019$1.69B$578.6MM
Equity CapitalQ4 2020vs Q4 2019$228.9MM$81.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$7.6MM$4.1MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$5.4MM$3.6MM
Real Estate OwnedQ4 2020vs Q4 2019$265.00K$175.00K

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



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