For the quarter ending 2025-09-30, COFS has $4,296,902K in assets. $3,847,287K in debts. $98,978K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 97,885 | 154,946 | ||
| Time deposits in other financial institutions | 1,093 | 1,334 | ||
| Cash and cash equivalents | 98,978 | 156,280 | ||
| Equity securities, at fair value (note 2) | 9,505 | 9,582 | ||
| Securities available for sale, at fair value (note 2) | 544,023 | 479,426 | ||
| Securities held to maturity, at amortized cost net of credit losses (note 2) | 388,517 | 390,457 | ||
| Federal home loan bank stock | 18,562 | 18,562 | ||
| Federal reserve bank stock | 12,554 | 12,547 | ||
| Loans held for sale | 6,323 | 7,639 | ||
| Loans to other financial institutions (note 3) | 2,483 | 3,033 | ||
| Core loans (note 3) | 2,907,445 | 2,917,759 | ||
| Total loans held for investment (note 3) | 2,909,928 | 2,920,792 | ||
| Allowance for credit losses (note 3) | 34,754 | 34,798 | ||
| Loans, net | 2,875,174 | 2,885,994 | ||
| Premises and equipment, net | 46,159 | 45,667 | ||
| Other real estate owned, net | 2,575 | 2,442 | ||
| Cash value of life insurance policies | 74,231 | 73,673 | ||
| Goodwill | 126,730 | 126,730 | ||
| Intangible assets | 31,694 | 33,421 | ||
| Other assets | 61,877 | 67,832 | ||
| Total assets | 4,296,902 | 4,310,252 | ||
| Deposits - noninterest - bearing | 903,925 | 943,873 | ||
| Deposits - interest-bearing demand deposits | 1,395,724 | 2,542,526 | ||
| Savings deposits | 588,798 | - | ||
| Certificates of deposit | 605,912 | - | ||
| Brokered deposits | 72,672 | 106,225 | ||
| Total deposits | 3,567,031 | 3,592,624 | ||
| Borrowings | 197,752 | 198,428 | ||
| Subordinated debentures | 48,368 | 48,277 | ||
| Other liabilities | 34,136 | 39,162 | ||
| Total liabilities | 3,847,287 | 3,878,491 | ||
| Preferred stock shares authorized 100,000 shares outstanding none | 0 | 0 | ||
| Common stock and paid-in capital, no par value shares authorized 30,000,000 shares outstanding 15,017,802 at september 30, 2025 and 8,965,483 at december 31, 2024 | 398,688 | 398,201 | ||
| Retained earnings | 93,124 | 82,647 | ||
| Accumulated other comprehensive loss, net | -42,197 | -49,087 | ||
| Total shareholders equity | 449,615 | 431,761 | ||
| Total liabilities and shareholders equity | 4,296,902 | 4,310,252 | ||
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)