ChoiceOne Bank is headquartered in Sparta and is the 18th largest bank in the state of Michigan. It is also the 1,155th largest bank in the nation. It was established in 1898 and as of September of 2017, it had grown to 151 employees at 13 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||1.04%|
|Return on Equity - YTD||9.24%|
|Annual Interest Income||$16.2MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$638.3MM$595.1MM|
|Loans||Q3 2017vs Q3 2016||$405.5MM$361.2MM|
|Deposits||Q3 2017vs Q3 2016||$527.0MM$477.6MM|
|Equity Capital||Q3 2017vs Q3 2016||$71.5MM$69.9MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$4.2MM$4.3MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$1.2MM$2.0MM|
|Real Estate Owned||Q3 2017vs Q3 2016||$182.00K$483.00K|
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