ChoiceOne Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at ChoiceOne Bank. Based in Sparta, Michigan, it had $4.5 billion in assets at June 30, 2026, up 3.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.90% of loans from 0.39% a year earlier. It funds 9.30% of its assets with Tier 1 capital, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). It also grew deposits 0.4% over the year, a small fraction of the median of 5.1% for banks its size.
Loans are outrunning deposits: over the year loans rose 5.1% and deposits rose 0.4%. Its $384 million commercial and industrial book is improving, with 1.46% past due or on nonaccrual, down from 2.05% a year earlier. Credit is the area to watch: it carries problem assets equal to 7.4% of the capital and reserves that would absorb them, about double the median of 3.6% for banks its size.
As of June 30, 2026, ChoiceOne Bank reported a CET1 capital ratio of 11.81%, a return on assets of 1.18%, a nonperforming-loan ratio of 1.03% and a Texas ratio of 7.44%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 109 E Division St, Sparta, MI 49345
- County
- Kent
- Metro Area
- Grand Rapids-Wyoming-Kentwood, MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1898
- Offices
- 50 domestic
- Employees (FTE)
- 577
- Domestic deposits
- $3.61B
- Allowance for credit losses
- $35.7M
- Net charge-offs (YTD)
- $362K
- Average total assets
- $4.41B
- Average total loans
- $2.99B
- Average interest-bearing deposits
- $2.69B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1014
- Fed RSSD
- 324340
- SEC CIK
- 803164 → filed by CHOICEONE FINANCIAL SERVICES, INC.
- Website
- WWW.CHOICEONE.BANK →
- Parent Holding Company
- CHOICEONE FINANCIAL SERVICES, INC. (RSSD 1139297) · COFS
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Kelly Potes | CEO | Chief Executive Officer |
| Michael J. Burke Jr. | PRES | President |
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full ChoiceOne Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock ChoiceOne Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
ChoiceOne Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.81% | 1.18% | 1.03% | 8.47% | 3.66% |
| Q1 2026 | 11.77% | 1.30% | 0.96% | 8.06% | 3.67% |
| Q4 2025 | 11.45% | 1.34% | 0.92% | 8.00% | 3.71% |
| Q3 2025 | 11.69% | 1.39% | 0.63% | 5.73% | 3.85% |
| Q2 2025 | 11.30% | 1.31% | 0.61% | 5.80% | 3.76% |
| Q1 2025 | 10.89% | -1.44% | 0.61% | 5.86% | 3.46% |
| Q4 2024 | 11.96% | 1.14% | 0.32% | 2.55% | 3.08% |
| Q3 2024 | 12.32% | 1.23% | 0.24% | 2.08% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 48 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The State Bank Branch | Fenton , MI | 48430 | $470.6M |
| ChoiceOne Bank (main office) | Sparta , MI | 49345 | $367.8M |
| Lapeer Branch | Lapeer , MI | 48446 | $352.6M |
| Norton Shores Branch | Muskegon , MI | 49441 | $210.0M |
| Grand Blanc North Branch | Grand Blanc , MI | 48439 | $127.7M |
| Grand Rapids - Market | Grand Rapids , MI | 49503 | $98.0M |
| Alpine Branch | Comstock Park , MI | 49321 | $97.7M |
| Rockford - Division Office | Rockford , MI | 49341 | $96.0M |
| Fremont Branch | Fremont , MI | 49412 | $88.6M |
| Linden Branch | Linden , MI | 48451 | $82.8M |
| Coopersville Branch | Coopersville , MI | 49404 | $81.5M |
| Chesaning Township Branch | Chesaning , MI | 48616 | $78.1M |
| Memphis Branch | Memphis , MI | 48041 | $75.0M |
| Capac Branch | Capac , MI | 48014 | $72.1M |
| North Muskegon Branch | North Muskegon , MI | 49445 | $66.8M |
| Kent City Branch | Kent City , MI | 49330 | $64.5M |
| Armada Branch | Armada , MI | 48005 | $64.0M |
| Imlay City Branch | Imlay City , MI | 48444 | $59.6M |
| Grange Hall Road Branch | Village Of Holly , MI | 48442 | $58.6M |
| Southgate Branch | Lapeer , MI | 48446 | $56.8M |
| Newaygo Branch | Newaygo , MI | 49337 | $53.9M |
| Cedar Springs Branch | Cedar Springs , MI | 49319 | $51.2M |
| Yale Branch | Yale , MI | 48097 | $51.0M |
| Thomas Twp. Branch | Saginaw , MI | 48609 | $50.2M |
| Community State Branch | Saint Charles , MI | 48655 | $48.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 15, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 15, 2025 | Structure Change | Acquired The State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 17, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 2020 | Structure Change | Acquired Community Shores Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 16, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 16, 2020 | Structure Change | Acquired Lakestone Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2009 | Structure Change | Acquired Valley Ridge Mortgage Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 8, 2006 | Structure Change | Acquired Valley Ridge Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 7, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 9 events.
Regulatory record
What the public regulatory sources show for ChoiceOne Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action August 2, 2021. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.2% of deposits in MI, rank 12 of 98 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,462 applications, 939 loans originated, $213.8M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 33 loans, $20.1M approved, $609K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about ChoiceOne Bank
What are ChoiceOne Bank's total assets?
As of the Q2 2026 filing, ChoiceOne Bank reported total assets of $4.45 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is ChoiceOne Bank headquartered?
ChoiceOne Bank is headquartered in Sparta, MI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was ChoiceOne Bank founded?
ChoiceOne Bank was established in 1898, per the FDIC institution directory.
Is ChoiceOne Bank FDIC-insured?
Yes. ChoiceOne Bank is an FDIC-insured commercial bank (FDIC Certificate #1014). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates ChoiceOne Bank?
ChoiceOne Bank's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is ChoiceOne Bank's CET1 capital ratio?
ChoiceOne Bank reported a Common Equity Tier 1 (CET1) capital ratio of 11.81% in its Q2 2026 call report, above regulatory requirements.
How many branches does ChoiceOne Bank operate?
ChoiceOne Bank operates 50 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is ChoiceOne Bank's Texas Ratio?
ChoiceOne Bank's Texas Ratio is 7.44% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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