Vitals
  • Total Assets
    603.9M 6.8 %
  • Total Deposits
    512.9M 7.8 %
  • Total Net Loans
    366.7M 4.8 %
  • Net Income
    6.1M 5.6 %
  • Book Value
    67.7M 1.7 %
  • Book Value x2
    135.4M 1.7 %
  • Book Value x3
    203.1M 1.7 %
ROAA

1.045

ROAE

8.995

Efficiency Ratio

68.336

Net Interest Margin

3.784

Balance Sheet Highlights
Financial Highlights Choiceone Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 603,892 330,697
Total Net Loans 366,697 227,599
Total Deposits 512,903 278,247
Total Equity 67,698 33,935
Profitability
Net Income 6,133 3,589
Return on Average Assets 1.045 .954
Return on Average Equity 8.995 8.772
Net Interest Margin 3.784 3.821
Efficiency Ratio 68.336 71.925
Noninterest Income/Revenue 26.521 24.061
Balance Sheet Ratios
Loan-to-Deposit 71.494 76.845
Securities/Assets .283 .16
Total Equity/Total Assets .112 .103
Tangible Equity/Tangible Assets .088 .098
Capital Adequacy
Tier 1 Common Capital 54,709 32,553
Tier 1 Capital 54,709 32,664
Tier 2 Capital 4,254 2,479
Total Capital 58,963 35,133
Total Risk Weighted Assets 438,986 242,208
Leverage Ratio 9.31 10.341
Common Equity Tier 1 Capital Ratio 12.46 15.339
Tier 1 Capital Ratio 12.46 15.393
Total Capital Ratio 13.43 16.423

Timeline for Choiceone Bank

Valley Ridge Mortgage Company

Acquisition: Choiceone Bank acquired a new subsidiary, Valley Ridge Mortgage Company , 15 years

View Profile Jan 01 2009

Coneb Real Estate Holdings, Llc

Coneb Real Estate Holdings, Llc became a new subsidiary organization for Choiceone Bank.

View Profile Feb 14 2008

Valley Ridge Bank

Acquisition: Choiceone Bank acquired a new subsidiary, Valley Ridge Bank, 17 years

View Profile Dec 08 2006

1423 West Main Llc

1423 West Main Llc became a new subsidiary organization for Choiceone Bank.

View Profile Dec 08 2006

Valley Ridge Mortgage Company

Valley Ridge Mortgage Company became a new subsidiary organization for Choiceone Bank.

View Profile Dec 08 2006

Want to see more?

Complete timeline for Choiceone Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Valley Ridge Mortgage Company Seller Pooling of Interests Discontinued 1/1/2009
Valley Ridge Bank Seller 213,857 Acquisition Discontinued 12/8/2006
Relationships Role Relationship Start Relationship End
Choiceone Financial Services, Inc. Parent 4/6/1987
West Shore Computer Services, Inc. Subsidary 11/1/2006
Choiceone Insurance Agencies, Inc. Subsidary 6/30/2007
1423 West Main Llc Subsidary 12/8/2006
Coneb Real Estate Holdings, Llc Subsidary 2/14/2008
Valley Ridge Mortgage Company Subsidary 12/8/2006 12/31/2008
Choiceone Mortgage Company Of Michigan Subsidary 1/1/2002 12/31/2008
Choiceone Insurance Agencies, Inc. Subsidary 1/1/1996 6/29/2007
Valley Ridge Financial Services, Inc. Subsidary 12/8/2006 5/2/2007
West Shore Computer Services, Inc. Subsidary 1/1/1972 8/31/2001
Choiceone Travel, Inc. Subsidary 7/31/1997 4/1/2001
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