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ChoiceOne Bank


ChoiceOne Bank is an FDIC insured institution headquartered at 109 E Division St, Sparta, MI 49345.
It was founded in 1898 and has approximately $3 billion in assets. Customers can open an account at one of its 13 branches.

Deposit Rates - June 21, 2025

SAVINGS RATES APY MIN
Savings
0.01% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.05% $10,000 Compare
6 Mo CD
0.05% $100,000 Compare
12 Mo CD
0.15% $10,000 Compare
12 Mo CD
0.05% $100,000 Compare
18 Mo CD
0.15% $10,000 Compare
18 Mo CD
0.15% $100,000 Compare
24 Mo CD
0.25% $10,000 Compare
24 Mo CD
0.25% $100,000 Compare
30 Mo CD
0.30% $10,000 Compare
30 Mo CD
0.30% $100,000 Compare
36 Mo CD
0.40% $10,000 Compare
36 Mo CD
0.40% $100,000 Compare
48 Mo CD
0.60% $10,000 Compare
48 Mo CD
0.60% $100,000 Compare
60 Mo CD
0.85% $10,000 Compare
60 Mo CD
0.85% $100,000 Compare
MM RATES APY MIN
Money Market
0.01% $2,500 Compare
Money Market
0.03% $10,000 Compare
Money Market
0.03% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $1
Int Ckg
0.01% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1014
Date Established 1898
Assets $ 2.72 billion
Loans $ 1,536.38 million
Deposits $ 2.25 billion
Capital $ 256.17 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 96.69 million
Interest-bearing balances $ 63.71 million
Total securities $ 879.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,536.38 million
Loan loss allowance $ 16.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.47 million
Goodwill and other intangibles $ 64.42 million
All other assets $ 96.38 million
     Total Assets $ 2.46 billion

LIABILITIES
Total deposits $ 2.25 billion
      Interest-bearing deposits $ 1,689.16 million
      Deposits held in domestic offices $ 2.25 billion
      % insured (estimated)" 63.02%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 13.71 millionn
      Total Liabilities $ 2.46 billion
      Shareholders’ Equity $ 256.17 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 121.06 million
Total Interest Expense $ 45.02 million
Net interest income $ 76.04 million
Provision for loan and lease losses $ 0.63 million
Total non interest income $ 17.63 million
Total non interest expense $ 57.30 million
Pre-tax Net Operating Income $ 15.00 million

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