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ChoiceOne Bank
Sparta, MI · State-chartered bank (Fed member) · Part of Choiceone Finl Services Inc
- Total assets
- $4.45B
- Q2 2026
- Deposits
- $3.61B
- Net income
- $27.32M
- first half of 2026
- Return on assets
- 1.24%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 1014
- Main office
- Sparta, MI
- Holding company
- Choiceone Finl Services Inc
- Charter
- State-chartered bank (Fed member)
- Primary federal regulator
- Federal Reserve
- Established
- 01/01/1898
- FDIC insured since
- 01/01/1934
- U.S. offices
- 50
- Employees (full-time equivalent)
- 577
- Specialty
- Commercial Lending Specialization
- Website
- WWW.CHOICEONE.BANK
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.45B | $4.39B | $4.41B | $4.29B | $4.31B | $4.3B | $2.72B | $2.72B |
| Deposits | $3.61B | $3.67B | $3.6B | $3.57B | $3.59B | $3.66B | $2.25B | $2.25B |
| Net loans and leases | $3.04B | $2.96B | $2.99B | $2.88B | $2.89B | $2.89B | $1.54B | $1.49B |
| Securities | $945.3M | $964.3M | $946M | $939M | $876.2M | $881.4M | $879M | $895M |
| Equity capital | $519.6M | $509.2M | $506.7M | $491.7M | $477.7M | $473.7M | $256.2M | $244.5M |
| Net income (year to date) | $27.32M | $14.3M | $31.64M | $17.05M | $2.06M | -$11.98M | $28.96M | $21.22M |
| Return on assets | 1.24% | 1.30% | 0.79% | 0.58% | 0.11% | -1.36% | 1.09% | 1.07% |
| Return on equity | 10.68% | 11.26% | 7.17% | 5.35% | 1.03% | -13.13% | 12.19% | 12.14% |
| Net interest margin | 3.75% | 3.76% | 3.89% | 3.89% | 3.78% | 3.40% | 3.14% | 3.12% |
| Efficiency ratio | 55.2% | 55.3% | 64.0% | 67.7% | 75.8% | 105.1% | 60.4% | 60.6% |
| Noncurrent loans | 1.02% | 0.94% | 0.90% | 0.60% | 0.58% | 0.58% | 0.24% | 0.16% |
| Net charge-off rate | 0.02% | 0.01% | 0.04% | 0.04% | 0.04% | 0.01% | 0.03% | 0.03% |
| Leverage (core capital) ratio | 9.30% | 9.17% | 9.09% | 9.09% | 8.90% | 11.34% | 8.89% | 8.85% |
| Total risk-based capital ratio | 12.92% | 12.89% | 12.49% | 12.76% | 12.35% | 11.94% | 12.67% | 13.06% |
Assets grew 3.4% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$2.58B84.8%
- Commercial and industrial loans$384.4M12.6%
- Consumer loans$26.15M0.9%
Find bank branches in Michigan · Employees: 577
Frequently asked questions
- What is ChoiceOne Bank's FDIC certificate number?
- ChoiceOne Bank's FDIC certificate number is 1014.
- How big is ChoiceOne Bank?
- ChoiceOne Bank reported total assets of $4.45B and deposits of $3.61B as of Q2 2026.
- Is ChoiceOne Bank FDIC insured?
- Yes. ChoiceOne Bank has been insured by the FDIC since 01/01/1934. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026