For the quarter ending 2026-03-31, COFS has $4,394,565K in assets. $3,924,564K in debts. $84,218K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and due from banks | 83,868 | 87,638 | 97,885 | 154,946 |
| Time deposits in other financial institutions | 350 | 350 | 1,093 | 1,334 |
| Cash and cash equivalents | 84,218 | 87,988 | 98,978 | 156,280 |
| Equity securities, at fair value (note 2) | 9,425 | 9,353 | 9,505 | 9,582 |
| Less than 1 year | 7,833 | - | - | - |
| 1 year - 5 years | 261,431 | - | - | - |
| 5 years - 10 years | 108,424 | - | - | - |
| More than 10 years | 195,843 | - | - | - |
| Securities available for sale, at fair value (note 2) | 573,531 | 554,420 | 544,023 | 479,426 |
| Securities held to maturity, at amortized cost (note 2) | 384,339 | 385,193 | 388,517 | 390,457 |
| Federal home loan bank stock | 18,562 | 18,562 | 18,562 | 18,562 |
| Federal reserve bank stock | 12,554 | 12,554 | 12,554 | 12,547 |
| Loans held for sale | 9,976 | 7,185 | 6,323 | 7,639 |
| Loans to other financial institutions (note 3) | - | - | 2,483 | 3,033 |
| Mortgage warehouse advances (note 3) | 51,187 | 58,987 | - | - |
| Core loans (note 3) | 2,932,110 | 2,963,047 | 2,907,445 | 2,917,759 |
| Total loans held for investment (note 3) | 2,983,297 | 3,022,034 | 2,909,928 | 2,920,792 |
| Allowance for loan losses (note 3) | 35,496 | 35,550 | 34,754 | 34,798 |
| Loans, net | 2,947,801 | 2,986,484 | 2,875,174 | 2,885,994 |
| Premises and equipment, gross | - | 80,437 | - | - |
| Accumulated depreciation | - | 32,327 | - | - |
| Premises and equipment, net | 48,670 | 48,110 | 46,159 | 45,667 |
| Other real estate owned, net | 2,285 | 2,524 | 2,575 | 2,442 |
| Cash value of life insurance policies | 86,305 | 74,798 | 74,231 | 73,673 |
| Goodwill | 129,854 | 129,854 | 126,730 | 126,730 |
| Intangible assets | 29,464 | 31,149 | 31,694 | 33,421 |
| Other assets | 57,581 | 62,377 | 61,877 | 67,832 |
| Total assets | 4,394,565 | 4,410,551 | 4,296,902 | 4,310,252 |
| Deposits - noninterest - bearing | 912,845 | 907,007 | 903,925 | 943,873 |
| Deposits -- interest-bearing | 1,428,338 | 1,364,887 | 1,395,724 | 2,542,526 |
| Savings deposits (note 9) | 624,084 | 607,045 | 588,798 | - |
| Certificates of deposit (note 9) | 598,743 | 616,180 | 605,912 | - |
| Brokered deposits | 103,381 | 104,906 | 72,672 | 106,225 |
| Total deposits | 3,667,391 | 3,600,025 | 3,567,031 | 3,592,624 |
| Borrowings | 184,819 | 264,788 | 197,752 | 198,428 |
| Subordinated debentures | 48,552 | 48,460 | 48,368 | 48,277 |
| Other liabilities | 23,802 | 31,925 | 34,136 | 39,162 |
| Total liabilities | 3,924,564 | 3,945,198 | 3,847,287 | 3,878,491 |
| Preferred stock shares authorized 100,000 shares outstanding none | 0 | 0 | 0 | 0 |
| Common stock and paid-in capital, no par value shares authorized 30,000,000 shares outstanding 14,960,200 at march 31, 2026 and 15,000,939 at december 31, 2025 | 397,498 | 398,386 | 398,688 | 398,201 |
| Retained earnings | 112,008 | 102,641 | 93,124 | 82,647 |
| Accumulated other comprehensive loss, net | -39,505 | -35,674 | -42,197 | -49,087 |
| Total shareholders equity | 470,001 | 465,353 | 449,615 | 431,761 |
| Total liabilities and shareholders equity | 4,394,565 | 4,410,551 | 4,296,902 | 4,310,252 |
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)