How Big Is Choiceone Bank?
Choiceone Bank holds $2.6B in total assets and $2.1B in deposits, making it a mid-size bank by U.S. standards. By total assets it is the 431st-largest of the 3,960 FDIC-insured banks we track — in the top 11% by size. Those figures come from Choiceone Bank's latest FDIC call report (cert #1014); it is a strong regional or community bank, with $1 billion to $10 billion in assets.
This page answers a common banking-safety question: How Big Is Choiceone Bank?. The answer draws on FDIC Call Report filings, the quarterly disclosure every FDIC-insured bank submits covering capital, assets, loans, deposits, and earnings. Call Report data is one of the most comprehensive bank-level public-records systems in the U.S. financial system. Why this matters for depositors: most U.S. consumer deposits are FDIC-insured up to $250,000 per depositor per insured bank, so bank failure does not directly threaten typical retail deposits within that limit. But the bank-health analysis is still useful for above-limit deposits (small businesses, treasurers, high-net-worth depositors) and for understanding the broader stability of regional banking.
The detailed answer below uses the actual FDIC Call Report numbers, explains how to read them, and translates the regulatory accounting into the depositor-relevant interpretation of the question.
Choiceone Bank Size at a Glance
- Total assets
- $2.6B
- Total deposits
- $2.1B
- Domestic deposits
- $2.1B
- Size class
- mid-size bank
- Rank by assets
- #431 of 3,960
- Headquarters
- Sparta, Michigan
Source: FDIC Call Report data (cert #1014). Figures reflect the latest reported quarter.
With $2.6B in total assets, Choiceone Bank is a strong regional or community bank, with $1 billion to $10 billion in assets. Nationally, that makes it the 431st-largest of the 3,960 FDIC-insured banks we track, in the top 11% by size. The bank funds those assets largely with $2.1B in customer deposits — a typical structure for a U.S. bank, where deposits are the primary funding source for lending.
Key Data
| Metric | Value | Score |
|---|---|---|
| Tier 1 Capital Ratio | 12.50% | 81/100 |
| Nonperforming Loan Ratio | 0.14% | 97/100 |
| Liquidity Ratio | 37.80% | 100/100 |
| Return on Assets | 1.22% | 69/100 |
| Total Assets | $2.6B | |
How does Choiceone Bank compare?
With a Bank Health Score of 89/100, Choiceone Bank sits 19.0 points above the national average of 70/100 for FDIC-insured banks. Within Michigan, where 69 FDIC-insured banks are headquartered, Choiceone Bank ranks above the state average of 73/100 (Grade B).
The bank's Tier 1 capital ratio of 12.50% is the federal regulator's headline measure of bank capital strength — it sits comfortably above the 8% "well-capitalized" threshold.Its nonperforming loan ratio of 0.14% is healthy — most loans are current.
What changed in the last year?
Over the last four quarters, Choiceone Bank's Bank Health Score improved by 1.0 points to 89/100. Tier 1 capital strengthened by 0.48 percentage points to 12.50%. Quarter-over-quarter, the score rose by 2.0 points.
Frequently Asked Questions
Choiceone Bank holds $2.6B in total assets and $2.1B in deposits, making it a mid-size bank by U.S. standards. By total assets it is the 431st-largest of the 3,960 FDIC-insured banks we track — in the top 11% by size. Those figures come from Choiceone Bank's latest FDIC call report (cert #1014); it is a strong regional or community bank, with $1 billion to $10 billion in assets.
Choiceone Bank ranks 431st by total assets out of the 3,960 FDIC-insured banks BankHealth tracks, placing it in the top 11% by size. Its $2.6B in assets classify it as a mid-size bank.
Choiceone Bank reports $2.6B in total assets and $2.1B in total deposits ($2.1B of it domestic). Total assets include loans, securities, and cash the bank owns; deposits are the money customers have placed with the bank. Deposits are typically a bank's largest funding source, and FDIC insurance covers each depositor up to $250,000 per ownership category.
Size and safety are different things. A bank's size (total assets) measures scale, not health — small banks and large banks can each be financially strong or weak. Choiceone Bank earns a Bank Health Score of 89/100 (grade A) on capital, loan quality, liquidity, and profitability, independent of its $2.6B asset base. For deposits within the $250,000 FDIC limit, size does not change your insurance protection.
Yes. Choiceone Bank (FDIC certificate #1014) is FDIC-insured, meaning each depositor is covered up to $250,000 per ownership category if the bank fails. FDIC insurance protects checking, savings, money market, and CD deposits — it does not cover stocks, bonds, mutual funds, or annuities.
More about Choiceone Bank
Choiceone Bank holds $2.6B in total assets and $2.1B in deposits, making it a mid-size bank by U.S. standards. By total assets it is the 431st-largest of the 3,960 FDIC-insured banks we track — in the top 11% by size. Those figures come from Choiceone Bank's latest FDIC call report (cert #1014); it is a strong regional or community bank, with $1 billion to $10 billion in assets.