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 ChoiceOne Bank
ChoiceOne Bank
| RSSD ID 324340 | CERTIFICATE 1014 | ABA NUMBER 72408436 |
| 109 E Division St |
Quarter Ended : |
2025-06-30 |
| Sparta, Michigan, 49345 |
Updated : |
2025-07-28 |
| www.choiceone.bank |
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| Institution Profile |
| Year Opened : |
1898 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
51 |
Number of Employees : |
571 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 4,305,175 |
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Total Interest Income | 93,873 |
| Total Liabilities | 3,827,463 |
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Total NonInterest Income | 10,953 |
| Total Bank Equity Capital | 477,712 |
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Total Interest Expense | 29,864 |
| Total Deposits | 3,594,067 |
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Total NonInterest Expense | 59,267 |
| Net Loans & Leases | 2,885,994 |
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Net Income | 2,065 |
| Loan Loss Allowance | 34,798 |
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Net Charge Offs | 491 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 402,647 |
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Total loans | 2,930,753 |
| Total assets for the leverage ratio | 4,135,945 |
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Loans secured by real estate: | 2,536,403 |
| Tier 1 Leverage Ratio | 8.9 |
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Commercial and industrial loans | 329,312 |
| Tier 1 Capital Ratio | 11.3 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.35 |
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Loans to individuals - Other | 29,668 |
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:· ChoiceOne Bank
