Reports Q4 NIM decreased to 2.98% vs. 3.17% in 3Q24 and increased vs. 2.66% in 4Q23. “ChoiceOne had an outstanding Q4 and full year 2024, which underscore the growth in our core loans and deposits, thanks to the dedication and expertise of our team. Our proactive balance sheet management has led to improvements in our net interest margin, positioning us well to navigate changing market conditions. We are also excited about the upcoming anticipated close of our pending merger with Fentura Financial, Inc. and The State Bank expected to occur in Q1 2025, which will further enhance our markets and capabilities,” said CEO Kelly Potes
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