Advertisement
Choiceone Bank
Sparta, MI · FDIC Certificate #1014 · Chartered 01/0
Total assets
$4.45B
Total deposits
$3.61B
Total equity
$519.56M
Net loans
$3.04B
Branches (offices)
48
Net income (YTD)
$27.32M
Rank: #311 of 4,213 U.S. banks by assets · #5 of 72 in Michigan. Assets changed 3.4% and deposits 0.4% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.24% |
| Return on equity | 10.68% |
| Net interest margin (YTD) | 3.75% |
| Equity to assets | 11.67% |
| Tier 1 leverage ratio | 9.30% |
| Uninsured deposits (share of deposits) | 33.0% |
| Noncurrent loans (share of loans) | 1.00% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 84.3% |
| Real estate loans (share of loans) | 84.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $2.58B | 84.8% | |
| Commercial & industrial | $384.35M | 12.6% | |
| Consumer / individual | $26.15M | 0.9% | |
| Construction & development | $101.76M | 3.3% | |
| Agricultural | $19.33M | 0.6% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $2.36B | $2.15B | $12.05M | $186.03M |
| Jun 2023 | $2.48B | $2.10B | $11.82M | $201.29M |
| Jun 2024 | $2.62B | $2.13B | $12.98M | $243.27M |
| Jun 2025 | $4.31B | $3.59B | $2.06M | $477.71M |
| Jun 2026 | $4.45B | $3.61B | $27.32M | $519.56M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $3.61B | 48 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $3.61B.
Similar-sized banks
Arrow Bank National Association ($4.46B) · Capital City Bank ($4.45B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
Advertisement