ChoiceOne Bank is headquartered in Sparta and is the 17th largest bank in the state of Michigan. It is also the 1,112th largest bank in the nation. It was established in 1898 and as of December of 2018, it had grown to 162 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||1.13%|
|Return on Equity - YTD||10.05%|
|Annual Interest Income||$24.5MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$666.8MM$642.8MM|
|Loans||Q4 2018vs Q4 2017||$425.9MM$402.7MM|
|Deposits||Q4 2018vs Q4 2017||$578.4MM$541.1MM|
|Equity Capital||Q4 2018vs Q4 2017||$75.3MM$71.6MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$4.7MM$4.6MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$1.5MM$1.5MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$102.00K$106.00K|
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