Sparta, MI · Cert 1014 · Choiceone Finl Services Inc.
State charter, Fed member · FED · 48 branches
Q2 2026
Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.6% share · #12 of 37 inst. · $1.0B of $183.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.23% | 1.14% | -1.36% | 1.31% | 1.39% | 1.34% | 1.30% | 1.18% | -13 bps | |
| Return on Equity | 13.51% | 12.37% | -13.13% | 11.81% | 12.37% | 11.69% | 11.26% | 10.13% | -168 bps | |
| Net Interest Margin | 3.15% | 2.97% | 3.41% | 3.59% | 3.70% | 3.56% | 3.52% | 3.51% | -8 bps | |
| Efficiency Ratio | 57.49% | 59.76% | 105.10% | 54.47% | 54.15% | 53.85% | 55.27% | 55.08% | +61 bps | |
| Non-Interest Burden | 1.51% | 1.46% | 3.52% | 1.78% | 1.81% | 1.74% | 1.78% | 1.73% | -5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.95% | 5.67% | 61.18% | 64.27% | 57.54% | 62.01% | 2.10% | 3.45% | -6,083 bps | |
| Loan Growth (YoY) | 14.82% | 9.72% | 105.59% | 102.87% | 93.14% | 95.06% | 2.20% | 5.06% | -9,781 bps | |
| Deposit Growth (YoY) | 4.71% | 5.52% | 66.35% | 68.63% | 58.93% | 59.97% | 0.40% | 0.39% | -6,823 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.16% | 0.24% | 0.57% | 0.58% | 0.60% | 0.89% | 0.93% | 1.00% | +43 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.04% | 0.01% | 0.06% | 0.03% | 0.04% | 0.01% | 0.04% | -2 bps | |
| Allowance / Loans | 1.09% | 1.07% | 1.18% | 1.19% | 1.19% | 1.17% | 1.19% | 1.16% | -3 bps | |
| Allowance Coverage of NPLs | 7.0x | 4.5x | 2.1x | 2.1x | 2.0x | 1.3x | 1.3x | 1.2x | -0.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.85% | 8.89% | 11.34% | 8.90% | 9.09% | 9.09% | 9.17% | 9.30% | +39 bps | |
| Total Risk-Based Capital | 13.06% | 12.67% | 11.94% | 12.35% | 12.76% | 12.49% | 12.89% | 12.92% | +56 bps | |
| Equity / Assets | 8.98% | 9.42% | 11.01% | 11.10% | 11.46% | 11.50% | 11.60% | 11.67% | +57 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 67.25% | 68.96% | 80.10% | 81.48% | 81.72% | 84.09% | 81.53% | 85.27% | +379 bps | |
| Liquid Assets / Assets | 17.97% | 16.84% | 10.79% | 10.64% | 9.90% | 9.46% | 9.55% | 9.23% | -141 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 447% | 455% | 439% | n/a | n/a | |