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Regulatory Capital (Tables)

12 Months Ended

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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- References

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- Definition

Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958577-112826

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=117337116&loc=d3e65071-112826

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

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