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Choiceone Bank

Sparta, MI · Cert 1014 · Choiceone Finl Services Inc.

State charter, Fed member · FED · 48 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=266 to 267). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

46

Q2 2024Q2 2026peer median (50)

Asset Quality

34

Q2 2024Q2 2026peer median (50)

Profitability

46

Q2 2024Q2 2026peer median (50)

Liquidity

96

Q2 2024Q2 2026peer median

Efficiency

54

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Choiceone Bank

Sparta, MI · Cert 1014 · Choiceone Finl Services Inc.

State charter, Fed member · FED · 48 branches

Q2 2026

$4.5BAssets
$3.1BLoans
$3.6BDeposits
$519.6MEquity
Loan mix
87%RE $2.5B12%C&I $0.4B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $2.7B26%Noninterest $1.0BQ2 2025Q2 2026

NIM

4.41%Q2 ’244.37%Q2 ’254.86%Q2 ’26+12%+13%

Non-interest income vs. expense

2.09%Q2 ’242.76%Q2 ’252.33%Q2 ’26+52%-22%

Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.6% share · #12 of 37 inst. · $1.0B of $183.9B

3.1% Kent
14.5% Genesee
43.2% Lapeer
16.3% Muskegon

Executive Summary

  • Earnings: ROA of 1.24%, up 113 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 1.00% of loans (+43 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.30%, up 39 bps from a year ago.
  • Funding: loans stand at 85.27% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.24%+113 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+41 bps YoY

Efficiency Ratio (YTD, annualized)

55.18%-2,067 bps YoY

Tier 1 Leverage Ratio

9.30%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.11%0.58%0.79%1.30%1.24%+113 bps
Return on Equity1.03%5.35%7.17%11.26%10.68%+965 bps
Net Interest Margin3.10%3.29%3.32%3.52%3.51%+41 bps
Efficiency Ratio75.85%67.71%64.01%55.27%55.18%-2,067 bps
Non-Interest Burden2.25%2.10%1.98%1.78%1.76%-50 bps
Growth
Asset Growth (YoY)64.27%57.54%62.01%2.10%3.45%-6,083 bps
Loan Growth (YoY)102.87%93.14%95.06%2.20%5.06%-9,781 bps
Deposit Growth (YoY)68.63%58.93%59.97%0.40%0.39%-6,823 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.60%0.89%0.93%1.00%+43 bps
Net Charge-Offs / Loans0.03%0.03%0.03%0.01%0.02%-1 bps
Allowance / Loans1.19%1.19%1.17%1.19%1.16%-3 bps
Allowance Coverage of NPLs2.1x2.0x1.3x1.3x1.2x-0.9x
Capital
Tier 1 Leverage Ratio8.90%9.09%9.09%9.17%9.30%+39 bps
Total Risk-Based Capital12.35%12.76%12.49%12.89%12.92%+56 bps
Equity / Assets11.10%11.46%11.50%11.60%11.67%+57 bps
Liquidity & Funding
Loans / Deposits81.48%81.72%84.09%81.53%85.27%+379 bps
Liquid Assets / Assets10.64%9.90%9.46%9.55%9.23%-141 bps
CRE / Total Capitaln/a447%455%439%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Choiceone Bank

Sparta, MI · Cert 1014 · Peer group: banks $1B-$10B in assets operating in a single state (n=266-267) · Choiceone Finl Services Inc.

State charter, Fed member · FED · 48 branches

Q2 2026

$4.5BAssets
$3.1BLoans
$3.6BDeposits
$519.6MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 72% of banks $1B-$10B in assets operating in a single state (rank 74 of 267).
  • Widest gap: nonperforming loans / loans trails 80% of banks $1B-$10B in assets operating in a single state (rank 214 of 267).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.23%

Rank 137 of 267

Net Interest Margin

3.51%

Rank 132 of 267

Efficiency Ratio

58.91%

Rank 123 of 266

Equity / Assets

11.67%

Rank 74 of 267

Non-interest income vs. expense

$25.5M$103.0MINCOMEEXPENSE
Unfavorable gap of $77.4M · efficiency ratio beats 54% of banks $1B-$10B in assets operating in a single state
Bank 58.91%Peer median 60.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.23%0.93%1.23%1.55%Beats 49%137 / 267
Return on Equity10.52%9.16%11.84%14.56%Beats 38%166 / 267
Net Interest Margin3.51%3.12%3.50%3.88%Beats 51%132 / 267
Efficiency Ratio58.91%51.36%60.21%69.66%Beats 54%123 / 266
Asset Quality
Nonperforming Loans / Loans1.00%0.19%0.46%0.89%Beats 20%214 / 267
Net Charge-Offs / Loans0.03%0.01%0.02%0.06%Beats 47%144 / 267
Capital
Tier 1 Capital Ratio11.81%11.29%13.05%15.13%Beats 31%185 / 267
Total Risk-Based Capital Ratio12.92%11.95%13.87%16.27%Beats 36%171 / 267
Equity / Assets11.67%9.18%10.29%11.76%Beats 72%74 / 267
Liquidity & Funding
Loans / Deposits85.27%72.68%86.16%95.22%48th pctl140 / 267
Loans / Assets69.08%62.46%71.96%78.38%39th pctl163 / 267
Brokered Deposits / Depositsn/aNot reported for this institution