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.
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||1.1%|
|Return on Equity - YTD||9.89%|
|Annual Interest Income||$31.1MM|
|Assets and Liabilities|
|Assets||Q2 2021vs Q2 2020||$2.12B$1.54B|
|Loans||Q2 2021vs Q2 2020||$1.01B$963.0MM|
|Deposits||Q2 2021vs Q2 2020||$1.88B$1.33B|
|Equity Capital||Q2 2021vs Q2 2020||$229.8MM$197.9MM|
|Loan Loss Allowance||Q2 2021vs Q2 2020||$8.0MM$5.8MM|
|Unbacked Noncurrent Loans||Q2 2021vs Q2 2020||$1.8MM$3.9MM|
|Real Estate Owned||Q2 2021vs Q2 2020||$260.00K$854.00K|
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