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v3.20.1

Regulatory Capital (Tables) | 12 Months Ended
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Dec. 31, 2019
Regulatory Capital |
Schedule of actual capital and minimum required levels | Actual capital levels and minimum required levels for ChoiceOne and the Banks were as follows:
|  |  |  |  |  |  |  | Minimum Required |
|  |  |  |  |  |  |  | to be Well |
|  |  |  |  | Minimum Required |  |  | Capitalized Under |
|  |  |  |  | for Capital |  |  | Prompt Corrective |
(Dollars in thousands) |  | Actual |  |  | Adequacy Purposes |  |  | Action Regulations |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ChoiceOne Financial Services Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  | $ | 135,836 |  |  |  | 14.2 | % |  | $ | 76,288 |  |  |  | 8.0 | % |  |  | N/A |  |  |  | N/A |
Common equity Tier 1 capital (to risk weighted assets) |  |  | 131,785 |  |  |  | 13.8 |  |  |  | 42,912 |  |  |  | 4.5 |  |  |  | N/A |  |  |  | N/A |
Tier 1 capital (to risk weighted assets) |  |  | 131,785 |  |  |  | 13.8 |  |  |  | 57,216 |  |  |  | 6.0 |  |  |  | N/A |  |  |  | N/A |
Tier 1 capital (to average assets) |  |  | 131,785 |  |  |  | 9.6 |  |  |  | 54,646 |  |  |  | 4.0 |  |  |  | N/A |  |  |  | N/A |
ChoiceOne Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  | $ | 69,412 |  |  |  | 13.2 | % |  | $ | 42,039 |  |  |  | 8.0 | % |  | $ | 52,549 |  |  |  | 10.0 | %
Common equity Tier 1 capital (to risk weighted assets) |  |  | 65,362 |  |  |  | 12.4 |  |  |  | 23,647 |  |  |  | 4.5 |  |  |  | 34,157 |  |  |  | 6.5 |
Tier 1 capital (to risk weighted assets) |  |  | 65,362 |  |  |  | 12.4 |  |  |  | 31,530 |  |  |  | 6.0 |  |  |  | 42,039 |  |  |  | 8.0 |
Tier 1 capital (to average assets) |  |  | 65,362 |  |  |  | 10.0 |  |  |  | 26,179 |  |  |  | 4.0 |  |  |  | 32,724 |  |  |  | 5.0 |
Lakestone Bank & Trust |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  | $ | 63,885 |  |  |  | 15.0 | % |  | $ | 34,056 |  |  |  | 8.0 | % |  | $ | 42,570 |  |  |  | 10.0 | %
Common equity Tier 1 capital (to risk weighted assets) |  |  | 63,885 |  |  |  | 15.0 |  |  |  | 19,156 |  |  |  | 4.5 |  |  |  | 27,670 |  |  |  | 6.5 |
Tier 1 capital (to risk weighted assets) |  |  | 63,885 |  |  |  | 15.0 |  |  |  | 25,542 |  |  |  | 6.0 |  |  |  | 34,056 |  |  |  | 8.0 |
Tier 1 capital (to average assets) |  |  | 63,885 |  |  |  | 9.0 |  |  |  | 28,338 |  |  |  | 4.0 |  |  |  | 35,423 |  |  |  | 5.0 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ChoiceOne Financial Services Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  | $ | 72,148 |  |  |  | 13.8 | % |  | $ | 41,811 |  |  |  | 8.0 | % |  |  | N/A |  |  |  | N/A |
Common equity Tier 1 capital (to risk weighted assets) |  |  | 67,481 |  |  |  | 12.9 |  |  |  | 23,519 |  |  |  | 4.5 |  |  |  | N/A |  |  |  | N/A |
Tier 1 capital (to risk weighted assets) |  |  | 67,481 |  |  |  | 12.9 |  |  |  | 31,359 |  |  |  | 6.0 |  |  |  | N/A |  |  |  | N/A |
Tier 1 capital (to average assets) |  |  | 67,481 |  |  |  | 10.5 |  |  |  | 25,658 |  |  |  | 4.0 |  |  |  | N/A |  |  |  | N/A |
ChoiceOne Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  | $ | 66,976 |  |  |  | 12.9 | % |  | $ | 41,599 |  |  |  | 8.0 | % |  | $ | 51,999 |  |  |  | 10.0 | %
Common equity Tier 1 capital (to risk weighted assets) |  |  | 62,309 |  |  |  | 12.0 |  |  |  | 23,399 |  |  |  | 4.5 |  |  |  | 33,799 |  |  |  | 6.5 |
Tier 1 capital (to risk weighted assets) |  |  | 62,309 |  |  |  | 12.0 |  |  |  | 31,199 |  |  |  | 6.0 |  |  |  | 41,599 |  |  |  | 8.0 |
Tier 1 capital (to average assets) |  |  | 62,309 |  |  |  | 9.8 |  |  |  | 25,512 |  |  |  | 4.0 |  |  |  | 31,890 |  |  |  | 5.0 |

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