The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 13,704 | 13,867 | 14,681 | -372 |
| Provision for (reversal of) credit losses | 0 | 800 | 200 | 13,813 |
| Depreciation | 881 | 1,034 | 1,047 | 1,529 |
| Amortization | 4,048 | 4,285 | 4,457 | 7,518 |
| Accretion on purchased loans | 2,691 | 3,058 | 10,034 | - |
| Accretion of derivative termination (gain) loss | 191 | - | - | - |
| Compensation expense on employee stock purchase plan, stock options, and restricted stock units | 298 | 259 | 242 | 382 |
| Net losses on sales of securities | - | 0 | - | - |
| Net losses (gains) on sales of available for sale securities | -203 | - | - | - |
| Net change in market value of equity securities | 26 | -197 | 458 | 346 |
| Gains on sales of loans | 408 | 511 | 671 | 799 |
| Write downs of oreo | - | - | -44 | -34 |
| Loans originated for sale | 19,525 | 20,025 | 15,588 | 25,905 |
| Earnings on death benefit from bank-owned life insurance | - | 0 | 0 | 303 |
| Proceeds from loan sales | 16,958 | 19,453 | 17,335 | 26,033 |
| Earnings on bank-owned life insurance | 584 | 567 | 558 | 930 |
| (gains) on sales of other real estate owned | 9 | -112 | 5 | 46 |
| Write downs of other real estate owned | - | -78 | - | - |
| Deferred federal income tax (benefit)/expense | 1,053 | -2,410 | 2,851 | -554 |
| Other assets | 5,849 | -5,607 | 1,766 | 411 |
| Accretion | - | - | - | 6,413 |
| Other liabilities | -8,039 | -5,009 | -2,896 | -10,744 |
| Net cash (used in) provided by operating activities | -177 | 14,034 | 15,294 | 2,486 |
| Sales of securities available for sale | 4,235 | 0 | 0 | 78,856 |
| Sales of equity securities | - | 648 | - | - |
| Proceeds from federal home loan bank stock redemption | - | 0 | - | - |
| Maturities, prepayments and calls of securities available for sale | 8,229 | 4,805 | 4,176 | 15,417 |
| Maturities, prepayments and calls of securities held to maturity | 679 | 3,350 | 2,969 | 9,325 |
| Purchases of securities available for sale | 34,520 | 9,953 | 60,113 | 13,560 |
| Purchases of equity securities | 46 | 45 | 113 | 90 |
| Purchases of securities held to maturity | 250 | 400 | 1,498 | 2,610 |
| Purchase of federal reserve bank stock | - | - | 8 | 7,239 |
| Payments from (payments for) derivative contracts | - | -3,636 | - | - |
| Purchase of federal home loan bank stock | 0 | 7,247 | 0 | 0 |
| Issuance costs from merger | - | 0 | 0 | 8 |
| Purchase of federal reserve bank stock | - | 0 | - | - |
| Loan originations and payments, net | -41,374 | 114,851 | -13,962 | -11,571 |
| Proceeds from sales of other real estate owned | 248 | 336 | 107 | 621 |
| Proceeds from bank owned life insurance death benefits claim | - | 0 | 0 | 940 |
| Purchase of bank-owned life insurance policies | 10,923 | - | - | - |
| Additions to premises and equipment | 1,524 | 2,117 | 1,600 | 2,910 |
| Proceeds from derivative contracts settlements | 3,426 | - | 0 | 3,636 |
| Cash received from merger with fentura financial, inc | 0 | 0 | 0 | -173,082 |
| Repurchase of shares from fentura financial, inc. esop | - | - | 214 | 1,837 |
| Net cash provided by (used in) investing activities | 14,564 | -118,227 | -42,118 | 267,031 |
| Net change in deposits | 67,366 | 30,966 | -25,593 | -53,360 |
| Net change in short term borrowings | -80,000 | 67,000 | -712 | -146,501 |
| Issuance of common stock | 255 | 214 | 246 | 432 |
| Repurchase of common stock | 1,441 | 2,679 | - | - |
| Share based compensation withholding obligation | - | 0 | 0 | 327 |
| Cash dividends | 4,337 | 4,350 | 4,204 | 8,395 |
| Cash proceeds from common stock offering | - | 0 | 0 | - |
| Net provided by (used in) financing activities | -18,157 | 93,202 | -30,477 | -209,988 |
| Net change in cash and cash equivalents | -3,770 | -10,990 | -57,302 | 59,529 |
| Beginning cash and cash equivalents | 87,988 | -2,227 | 96,751 | - |
| Ending cash and cash equivalents | 84,218 | -10,990 | 98,978 | - |
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)