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 ChoiceOne Bank
ChoiceOne Bank
| RSSD ID 324340 | CERTIFICATE 1014 | ABA NUMBER 72408436 |
| 109 E Division St |
Quarter Ended : |
2025-03-31 |
| Sparta, Michigan, 49345 |
Updated : |
2025-04-30 |
| 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 : |
605 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 4,300,782 |
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Total Interest Income | 39,951 |
| Total Liabilities | 3,827,092 |
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Total NonInterest Income | 4,769 |
| Total Bank Equity Capital | 473,690 |
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Total Interest Expense | 13,074 |
| Total Deposits | 3,656,733 |
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Total NonInterest Expense | 33,941 |
| Net Loans & Leases | 2,890,387 |
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Net Income | (11,978) |
| Loan Loss Allowance | 34,567 |
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Net Charge Offs | 71 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 392,114 |
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Total loans | 2,014,711 |
| Total assets for the leverage ratio | 3,156,518 |
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Loans secured by real estate: | 1,452,360 |
| Tier 1 Leverage Ratio | 11.34 |
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Commercial and industrial loans | 237,510 |
| Tier 1 Capital Ratio | 10.89 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.94 |
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Loans to individuals - Other | 28,626 |
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:· ChoiceOne Bank
