# CHOICEONE BANK
SPARTA, MI · FDIC certificate 1014 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.45B | |
| Deposits | $3.61B | |
| Loans and leases | $3.08B | |
| Total equity | $519.6M | |
| Loans / deposits | 84.28% (p43 of band) | 87.10% |
| Liquid assets / assets | 23.22% (p58 of band) | |
| Uninsured deposits / deposits | 33.04% (p57 of band) | 30.76% |
| Brokered deposits | 2.09% | |
| Wholesale funding | 8.71% (p59 of band) | |
| FHLB advances / assets | 6.62% | |
| Tier 1 leverage | 9.30% (p19 of band) | 10.50% |
| Unrealized securities loss / equity | -17.95% (p23 of band) | -7.75% |
| AOCI / equity | 0.30% (p89 of band) | |
| ROA (annualized) | 1.24% (p48 of band) | 1.26% |
| Net interest margin | 3.75% (p53 of band) | 3.70% |
| Efficiency ratio | 55.18% (p39 of band) | |
| Noncurrent loans | 1.00% (p73 of band) | 0.51% |
| Net charge-offs (annualized) | 0.02% (p45 of band) | |
| Reserve coverage of noncurrent | 115.64% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 19.59% (p17 of band) | |
| Auto loans | $12.7M (0.41% of loans; DQ 0.43%, NCO 0.00%) | |
| Loans to nondepository financials | $53.5M (10% of equity) (p87 of band) | |
| Deposits YoY | 0.4% | |
| Employees | 577 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | reserve under noncurrent |  |
| 2014-06 | 0 |  | reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | capital falling |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | capital falling |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | securities losses >30% of equity |  |
| 2022-06 | 2 | AOCI drag >20% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | uninsured deposits leaving |  |
| 2023-12 | 1 |  | uninsured deposits leaving |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | losing money, expense ratio p90 | securities losses >30% of equity |
| 2025-06 | 0 |  | losing money, expense ratio p90 |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-14 [Thieves pull off “smash and grab” of ATM at ChoiceOne Bank - geneseecountyview.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxPbFdWZklTQlAtUEJIYUpxN3Z5WHY0YTQ4OXliR0did09ZZ0RhMVVVV21HLWJtRDhBUXNtazJpX1Y4S0NrYnlSckdzVHlFeDZaZnNiNms2NWVYMG9kZjYyb3hFeVM0eGRFdUswOGJISXR6elNSaUpTbENyWmdISU9ES2NHeGpESld3amVWcnk5R3NMZWppZEVpQWZ5NFdmOHg2MmFr?oc=5) · geneseecountyview.com
- 2026-03-11 [Michigan bank president elected to lead national association - Crain's Detroit](https://news.google.com/rss/articles/CBMisAFBVV95cUxPQkMxUDlvLXVaelQ4b0pwVHdSZmxteFVNVG9ObERWOWJNNDd4bDhqVmU5UW1pZG84Z0JOaFJZeFAxZTRrM2UtWUpmdHNJYXFnWXc3SHpCamRFZkZCWE80aHVkRm5BbVJLRXhOTFVBMjhkV0tMMWRUbFJNT1ZnR21zX0thcGlaTGZfekROMzdUMmVNUEFTZ3hsMjBfS1lwQmhaSU0yaGVMVm9qUFRjVTRZZg?oc=5) · Crain's Detroit
- 2025-03-17 [ChoiceOne Financial Services, Inc. Completes Successful Consolidation of ChoiceOne Bank and The State Bank - PR Newswire](https://news.google.com/rss/articles/CBMi8gFBVV95cUxPcVJIem9uUlo0bktCQklRMEZCSGp2SHlzRFI2N24tSlFwOWxFdEFXYUZKTVdoSGxJZlNpRFZaOXJyR3poS2NyZ3paZ1FaRmZ1RUs0REczOG1fanlWQnlQaHdOVUdZaXVWaFBQWENIZy1XQ0JkRzFYTGJueDBtUFQ3ald3U0VHQmp0VU80eURXaEF3MG9sR1UxTDBlaDZIN0xsazRRN21uZ1NpbzNhSmxOVkFVV0ZFb2VSazNwOF9pUTcxVHhBNkJRZjk3Tlg5aFgwSTdhaGZjdER5T0tnczVZWlF1U2xQcWFpelZBYVUtOXZhdw?oc=5) · PR Newswire
- 2025-09-24 [ChoiceOne Bank announces merger with Fenton-based The State Bank - The Lake Orion Review](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQenZ2NGw0RUd3dUEySUF3VFc1M09CSE9EVU9TVlJ5cGpWZzFoNHlHdkVxWGs3T1NCZ2Z5YjI4ZkdHaEZoSnRDUHNSeG5CS0FWV3Y3WWV4bjFBand5ZjR1TmN5c1MwYzlaUGZQTTZVcFFpR0laRzJOUDhYbGh0dWMyRUFoVXdxVUsyWGdBcUhGR1diR04tNVhwWnRHWEtkdk5WbG94TmoyNHJQU1k?oc=5) · The Lake Orion Review
- 2025-11-26 [LAFF Pathway Moving Forward as ChoiceOne Bank Trail - The Lasco Press](https://news.google.com/rss/articles/CBMilAFBVV95cUxNcm9rWVdRR2JHRlp5YXVYb3hJanBsTVQxc09tNFlSelJHbmVXSEJlYnIzZXdZd182N0RIY2cyaDJuN25QXzQtdlR3VXZ0V3BzX3l2ZldLTjAyZW1odTRSNVlCdmQtWGtLY1Q1S0QwZDkzMjd0b21FaXNPdDRkbUpHVUd3OEgtQ3NZV0xzMEJOQ0ZTXzhw?oc=5) · The Lasco Press
- 2025-08-04 [ChoiceOne Bank Selects Ameriprise Financial to Manage its Investment Program - Business Wire](https://news.google.com/rss/articles/CBMizgFBVV95cUxQUzRrNFdEVGY3WHdBdnlYMV8wUS1HR2QxczdfSkMtcG5hS3htd1pzRlZCNGZMb3NpM1M5SWRobnVQNXRwdXJmN0R1VlZ5MFJTTkdKUlc4N0lqMWM2Q2wtOXdzZGQzWEhhaXg4OG0yOTVDOWVvdzhkaFN1UHBHVWV1Zmg1UFphd0dNdS1UNzExQlFtcFRyamFQelRqdkJ3TmRsc2FuWHJuNzdwbERnNERxUU1xQ0RfRldfUEFwRHJSdTc2TXRvUFhEQ3pfbzhYQQ?oc=5) · Business Wire
- 2025-03-04 [ChoiceOne completes $180M acquisition, expanding Michigan presence - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMivAFBVV95cUxPb2lHbEE2ZGdVVk1oYTdPbXZRLXZxMkMtMTVmanBYZDFrYTUyNGRFY001YWY2ZG1IOGhvU3NxeXQwQndVdGFYamo2Yk8zTzVGdzhMMWJHeTNXa2tTVzV0bWRMaGxqVzdCZDA3VnF3Q1A1NkFjNFRhUThocF9WdDZqUDhHRmZrU0E5a05IVV9XU3owMjVJOTFtOW5CcUN5UlU3SG1kRDVTLWRCZXo1VlJsTEg4bnRnSUEwdXFfTA?oc=5) · Crain's Grand Rapids
- 2022-01-05 [ChoiceOne Bank hires CFO - Banking Exchange](https://news.google.com/rss/articles/CBMiggFBVV95cUxNdDVPc3BlZVlkakx2QWdoVmpPY3MtNUhSZXJIdURvU2MwOG8wOTR2RnJJaW9Rb1NYSmpEeEw1UVpIbmxjQkltMDJxakJ3TUFtTnJrcG1xdmNfQkpJeTQwbF9QaW5PXzl4UTJPTFhDbmx4MmMydnlfaWVrZ0Y3YkhFeUlB?oc=5) · Banking Exchange

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1014 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/54.json (key "1014", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide