ChoiceOne Bank

What sets ChoiceOne Bank apart

How large is ChoiceOne Bank?

The balance sheet of ChoiceOne Bank at Q2 2026: assets $4.5 bn, deposits $3.6 bn, net loans $3.0 bn (loans equal to 84.28% of deposits). Securities make up 21.2% of total assets at ChoiceOne Bank. Since Q1 2016, when ChoiceOne Bank held $576.6 mn, its assets grew 672.4%. In the year to Q2 2026, deposits at ChoiceOne Bank rose 0.4% while its total assets rose 3.4%. At Q2 2026, ChoiceOne Bank employed 577 full-time equivalent staff across 50 offices, about $7.7 mn of assets per employee and $72.2 mn of deposits per office.

How much funding at ChoiceOne Bank is uninsured?

At ChoiceOne Bank, uninsured deposits (above the FDIC limit) made up 33.04% of domestic deposits at Q2 2026 (+3.47 pp on a year earlier); ChoiceOne Bank ranks 271st of 500 on this measure. In dollars, ChoiceOne Bank estimated $1.2 bn of uninsured deposits.

Key facts, Q2 2026

US rank of ChoiceOne Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of ChoiceOne Bank stood at 11.81% in Q2 2026, +0.51 pp year on year. Low and high at ChoiceOne Bank since Q1 2016: 10.89% (Q1 2025) to 13.94% (Q2 2020). Equity capital of ChoiceOne Bank at Q2 2026: $519.6 mn, or 11.7% of total assets. ChoiceOne Bank also reported a total capital ratio of 12.92% for Q2 2026, and a tier 1 leverage ratio of 9.30%.

On held-to-maturity securities, ChoiceOne Bank carried an unrealized loss of $38.6 mn at Q2 2026, equal to 7.4% of equity capital. The loss narrowed by $7.9 mn over the year. Its deepest point: $80.1 mn in Q3 2023. The available-for-sale portfolio of ChoiceOne Bank showed an unrealized loss of $48.3 mn at Q2 2026; the loss narrowed by $28.7 mn over the year.

For the year to Q2 2026, ChoiceOne Bank earned a return on equity of 10.68%; return on assets: 1.24%. Net interest margin at ChoiceOne Bank: 3.75%, -0.03 pp in a year. ChoiceOne Bank net income: $27.3 mn, up 1,223.1% year on year. The efficiency ratio of ChoiceOne Bank was 55.18%: about 55 cents cost per revenue dollar, against 60 cents at the median peer.

At Q2 2026, noncurrent loans were 1.00% of total loans at ChoiceOne Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at ChoiceOne Bank: $3.1 bn, up 5.1% in a year.

The peer group of ChoiceOne Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 2 share the charter type of ChoiceOne Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Michigan. Against them, ChoiceOne Bank shows CET1 ratio 11.81% against a peer median of 15.44%, return on equity 10.68% against a peer median of 12.23% and uninsured deposit share 33.04% against a peer median of 36.73%.

The FDIC history of ChoiceOne Bank, oldest first; figures before and after each event are not like for like.

1. 16 May 2020. Absorbed Lakestone Bank & Trust (FDIC certificate 14913).
2. 17 October 2020. Absorbed Community Shores Bank (FDIC certificate 34944).
3. 15 March 2025. Absorbed The State Bank (FDIC certificate 11406).

Large one-quarter moves at ChoiceOne Bank

• Total assets at ChoiceOne Bank changed by +120.9% in the quarter to 2020-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Lakestone Bank & Trust.
• Total assets at ChoiceOne Bank changed by +58.1% in the quarter to 2025-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from The State Bank.