ChoiceOne Bank has released its financial results for the fourth quarter of 2025. Here are some key figures and changes compared to the previous period:
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Total Assets: $4.4 billion Change from previous period: Increased from $2.7 billion to $4.4 billion
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Deposits: $3.6 billion Change from previous period: Increased from $2.2 billion to $3.6 billion
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Gross Loans (Including Held For Sale): $3.0 billion Change from previous period: Increased from $1.4 billion to $3.0 billion
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Adjusted Return on Average Assets (ROAA): 1.26% Change from previous period: Not provided
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Adjusted Return on Average Equity (ROAE): 12.87% Change from previous period: Not provided
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Annualized Dividend Yield: 3.83% Change from previous period: Not provided
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Adjusted Price/Earnings (P/E) Ratio: 8.0x Change from previous period: Not provided
The bank's M&A history shows that it completed the merger of Fentura Financial, Inc. in March 2025, adding approximately $1.8 billion in total assets, $1.4 billion in loans, and $1.4 billion in deposits.
In terms of deposit mix, non-interest-bearing and transactional account balances drove lower cost for the bank, with non-interest-bearing deposits accounting for 25% of total deposits.
The bank's loan mix indicates a strong commercial real estate portfolio, with 37.6% of commercial real estate loans being owner-occupied. The yield on loans for the fourth quarter of 2025 was 6.25%, including interest income due to accretion from purchased loans of 41 basis points.
The market has reacted to these announcements by moving the company's shares -0.42% to a price of $28.53. For more information, read the company's full 8-K submission here.
