For the year ending 2025-12-31, COFS has $4,410,551K in assets. $3,945,198K in debts. $87,988K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash and due from banks | 87,638 | |||
| Time deposits in other financial institutions | 350 | |||
| Cash and cash equivalents | 87,988 | |||
| Equity securities, at fair value (note 2) | 9,353 | |||
| Securities available for sale, at fair value (note 2) | 554,420 | |||
| Securities held to maturity, at amortized cost (note 2) | 385,193 | |||
| Federal home loan bank stock | 18,562 | |||
| Federal reserve bank stock | 12,554 | |||
| Loans held for sale | 7,185 | |||
| Mortgage warehouse advances (note 3) | 58,987 | |||
| Core loans (note 3) | 2,963,047 | |||
| Total loans held for investment (note 3) | 3,022,034 | |||
| Allowance for loan losses (note 3) | 35,550 | |||
| Loans, net | 2,986,484 | |||
| Premises and equipment, gross | 80,437 | |||
| Accumulated depreciation | 32,327 | |||
| Premises and equipment, net (note 5) | 48,110 | |||
| Other real estate owned, net (note 7) | 2,524 | |||
| Cash value of life insurance policies | 74,798 | |||
| Goodwill (note 6) | 129,854 | |||
| Intangible assets, net (note 6) | 31,149 | |||
| Other assets | 62,377 | |||
| Total assets | 4,410,551 | |||
| Deposits - noninterest-bearing (note 9) | 907,007 | |||
| Deposits - interest-bearing demand deposits (note 9) | 1,364,887 | |||
| Savings deposits (note 9) | 607,045 | |||
| Certificates of deposit (note 9) | 616,180 | |||
| Brokered deposits (note 9) | 104,906 | |||
| Total deposits | 3,600,025 | |||
| Borrowings (note 10) | 264,788 | |||
| Subordinated debentures (note 11) | 48,460 | |||
| Other liabilities (notes 12) | 31,925 | |||
| Total liabilities | 3,945,198 | |||
| Preferred stock shares authorized 100,000 shares outstanding none | 0 | |||
| Common stock and paid-in capital, no par value shares authorized 30,000,000 shares outstanding 15,000,939 at december 31, 2025 and 8,965,483 at december 31, 2024 (note 16) | 398,386 | |||
| Retained earnings | 102,641 | |||
| Accumulated other comprehensive income (loss), net | -35,674 | |||
| Total shareholders equity | 465,353 | |||
| Total liabilities and shareholders equity | 4,410,551 | |||
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)