CHOICEONE BANK
SPARTA, MICHIGAN · FDIC Cert #1014
Capital & Safety Analysis
According to FDIC financial data, CHOICEONE BANK holds a Tier 1 capital ratio of 12.50%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning CHOICEONE BANK has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
CHOICEONE BANK shows strong financial health indicators. With $2.6B in assets and a Health Score of 89/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
CHOICEONE BANK has a Bank Health Score of A (89/100). It holds a Tier 1 capital ratio of 12.50%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
CHOICEONE BANK holds $2.6B in total assets and $2.1B in total deposits. It is located in SPARTA, MICHIGAN (FDIC Certificate #1014).
CHOICEONE BANK has a Tier 1 capital ratio of 12.50%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.14%, and the return on assets is 1.22%.
Yes. CHOICEONE BANK is FDIC-insured (Certificate #1014). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.