ChoiceOne Bank
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Data as of · sourced from FFIEC call reports. How we update
ChoiceOne Bank is an FDIC-insured commercial bank headquartered in Sparta, MI, established in 1898 (FDIC certificate 1014), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $4.45B, up 3.4% from Q2 2025, the 5th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 11.81% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1014
- Headquarters
- Sparta, MI
- Established
- 1898
- Total assets, Q2 2026
- $4.45B
- Assets vs Q2 2025
- +3.4%
- CET1 ratio, Q2 2026
- 11.81%
- Domestic offices
- 50 FDIC institution directory, current count
- Routing number
- 072408436
- Latest call report
- Q2 2026, FFIEC 041 · ChoiceOne Bank call report
- Holding company
- CHOICEONE FINANCIAL SERVICES, INC.
- Asset rank in state
- 5th of 72 in Michigan
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 1.00% and a Texas ratio of 7.44%. The figures come from its call report filed with the FFIEC.
ChoiceOne Bank ranks as the 5th largest of the 72 banks based in Michigan, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $4.45B, loans rose 2.8% and deposits fell 1.7%. Non-owner-occupied commercial real estate loans made up 29.4% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 27.4%. The FDIC Summary of Deposits lists 48 offices for it, in 39 cities in MI; its Fenton 3 offices book 15% of its branch deposits. On its Q2 2026 call report, ChoiceOne Bank meets every capital ratio test for well capitalized.
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
- Domestic offices
- 50 FDIC institution directory, current count
- 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
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
ChoiceOne Bank's total assets moved between a low of $2.57B (Q3 2023) and a high of $4.45B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.45B total assets against $4.31B; $3.93B total liabilities against $3.83B.
$3.04B net loans and leases against $2.89B; $3.61B total deposits against $3.59B.
$945.3M securities against $876.2M; $88.6M cash and balances due against $156.2M.
$53.9M total interest income against $53.9M; $16.6M total interest expense against $16.8M.
$37.4M net interest income against $37.1M.
$6.8M total noninterest income against $6.2M; $25.9M total noninterest expense against $25.3M.
$550K provision for credit losses against $650K.
$13.0M net income against $14.0M.
1.18% return on assets against 1.31%; 3.66% net interest margin against 3.76%.
11.81% CET1 capital ratio against 11.30%; 9.30% tier 1 leverage ratio against 8.90%.
Inside the full ChoiceOne Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 305 of 4,196, for total assets; its furthest is 1,769 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.44% (Q1 2025) to 1.39% (Q3 2025) and its net interest margin ran from 3.08% (Q4 2024) to 3.85% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.81% | 1.18% | 1.00% | 7.44% | 3.66% |
| Q1 2026 | 11.77% | 1.30% | 0.93% | 6.27% | 3.67% |
| Q4 2025 | 11.45% | 1.34% | 0.89% | 6.43% | 3.71% |
| Q3 2025 | 11.69% | 1.39% | 0.60% | 3.99% | 3.85% |
| Q2 2025 | 11.30% | 1.31% | 0.58% | 3.96% | 3.76% |
| Q1 2025 | 10.89% | -1.44% | 0.57% | 2.64% | 3.46% |
| Q4 2024 | 11.96% | 1.14% | 0.24% | 1.97% | 3.08% |
| Q3 2024 | 12.32% | 1.23% | 0.16% | 1.44% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
View all 48 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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 95 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).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is ChoiceOne Bank headquartered?
It is headquartered in Sparta, MI, United States.
When was ChoiceOne Bank founded?
It was established in 1898, per the FDIC institution directory.
Is ChoiceOne Bank FDIC-insured?
Yes. It 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.
What is ChoiceOne Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 7.44% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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