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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=257 to 258). 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

35

Q2 2024Q2 2026peer median (50)

Profitability

46

Q2 2024Q2 2026peer median (50)

Liquidity

95

Q2 2024Q2 2026peer median

Efficiency

55

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 2026-10-11

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 2026-10-11

Choiceone Bank

Sparta, MI · Cert 1014 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · 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 73% of banks $1B-$10B in assets operating in a single state (rank 69 of 258).
  • Widest gap: nonperforming loans / loans trails 78% of banks $1B-$10B in assets operating in a single state (rank 203 of 258).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.23%

Rank 131 of 258

Net Interest Margin

3.51%

Rank 125 of 258

Efficiency Ratio

58.91%

Rank 117 of 257

Equity / Assets

11.67%

Rank 69 of 258

Non-interest income vs. expense

$25.5M$103.0MINCOMEEXPENSE
Unfavorable gap of $77.4M · efficiency ratio beats 55% of banks $1B-$10B in assets operating in a single state
Bank 58.91%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.23%0.93%1.23%1.54%Beats 49%131 / 258
Return on Equity10.52%9.26%11.84%14.74%Beats 38%161 / 258
Net Interest Margin3.51%3.16%3.49%3.88%Beats 52%125 / 258
Efficiency Ratio58.91%51.71%60.30%69.65%Beats 55%117 / 257
Asset Quality
Nonperforming Loans / Loans1.00%0.19%0.46%0.90%Beats 22%203 / 258
Net Charge-Offs / Loans0.03%0.01%0.02%0.07%Beats 47%138 / 258
Capital
Tier 1 Capital Ratio11.81%11.41%12.98%15.12%Beats 30%181 / 258
Total Risk-Based Capital Ratio12.92%12.10%13.91%16.08%Beats 36%166 / 258
Equity / Assets11.67%9.09%10.24%11.72%Beats 73%69 / 258
Liquidity & Funding
Loans / Deposits85.27%73.24%86.34%95.95%47th pctl137 / 258
Loans / Assets69.08%63.01%72.27%78.40%38th pctl159 / 258
Brokered Deposits / Depositsn/aNot reported for this institution