Investor Relations

Peer Analysis

Performance Ratios (%) COFS Peer Median Peer Average
ROAA 1.01 0.86 0.93
ROAE 7.69 8.64 9.52
Net Interest Margin 3.76 3.49 3.49
Efficiency Ratio 63.66 66.25 67.21
Loans / Deposits 71.48 82.00 81.58
Asset Quality Ratios (%)
NPAs / Assets 0.41 0.83 0.69
NCOs / Avg Loans 0.05 0.00 0.00
Reserves / Loans 0.57 0.89 0.90
Reserves / NPAs 88.58 77.87 133.90
Capital Ratios (%)
Tier 1 Capital 12.40 14.21 14.77
Tangible Equity / Tangible Assets 8.89 9.06 9.11
Total Equity / Total Assets 12.19 9.48 9.46
Market Ratios
Price / Earnings (x) 13.49 10.32 10.09
Price / Book (%) 93.80 92.26 91.48
Dividend Yield (%) 3.28 3.34 3.17
Data for trailing four quarters

ChoiceOne Financial Services, Inc.'s peer group consists of the following: Commercial National Financial Corporation (CEFC), County Bank Corp, Eastern Michigan Financial Corporation (EFIN), Fentura Financial, Inc. (FETM), FNBH Bancorp, Inc. (FNHM), HCB Financial Corp. (HCBN), Isabella Bank Corporation (ISBA), Mackinac Financial Corporation (MFNC), MBT Financial Corp. (MBTF), Oxford Bank Corporation (OXBC), Southern Michigan Bancorp, Inc. (SOMC), West Shore Bank Corporation (WSSH)

All information is based on the most recently available quarterly information from S&P Global.
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What You Will Need

Applying is fast and easy. Here’s what you’ll need to have ready:

  1. Your Social Security Number or Individual Tax Identification Number (ITIN)
  2. A US government-issued photo ID (e.g. Driver’s License, Passport, or State)
  3. A credit or debit card to fund your new account
  4. A valid email address


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial Banks to obtain, verify, and record information that identifies each person who opens an account.

What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We must also ask to see your driver’s license or other identifying documents.

Online Applications are available for residents of our service area including Kent, Newaygo, Muskegon, Ottawa, Montcalm, Oceana, Osceola, Ionia, Mecosta, Lake, Allegan, and Barry Counties in Michigan.