The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 28,176 |
| Provision for credit losses | 14,813 |
| Depreciation | 3,610 |
| Amortization | 16,260 |
| Accretion on purchased loans | 13,092 |
| Compensation expense on employee and director stock purchases, stock options, and restricted stock units | 883 |
| Net losses on sales of securities | 0 |
| Net change in market value of equity securities | 607 |
| Gains on sales of loans and capitalized servicing rights | 1,981 |
| Loans originated for sale | 61,518 |
| Proceeds from loan sales | 62,821 |
| Earnings on bank-owned life insurance | 2,055 |
| Earnings on death benefit from bank-owned life insurance | 303 |
| (gains) on sales of other real estate owned | -61 |
| Write downs of other real estate owned | -78 |
| Deferred federal income tax (expense) benefit | -113 |
| Other assets | -3,430 |
| Other liabilities | -18,649 |
| Net cash provided by operating activities | 31,814 |
| Sales of securities available for sale | 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 | 24,398 |
| Maturities, prepayments and calls of securities held to maturity | 15,644 |
| Purchases of securities available for sale | 83,626 |
| Purchases of securities held to maturity | 4,508 |
| Purchases of equity securities | 248 |
| Purchases of federal home loan bank stock | 7,247 |
| Purchase of federal reserve bank stock | 0 |
| Loan originations and payments, net | 89,318 |
| Proceeds from sales of other real estate owned | 1,064 |
| Proceeds from bank owned life insurance death benefits claim | 940 |
| Additions to premises and equipment | 6,627 |
| Payments from (payments for) derivative contracts | -3,636 |
| Issuance costs from merger | 8 |
| Cash received from merger with fentura financial, inc | -173,082 |
| Net cash (used in)/provided by investing activities | 106,686 |
| Net change in deposits | -47,987 |
| Net change in short term borrowings | -80,213 |
| Issuance of common stock | 892 |
| Repurchase of common stock | 2,679 |
| Share based compensation withholding obligation | 327 |
| Cash dividends | 16,949 |
| Cash proceeds from common stock offering | 0 |
| Net cash provided by/(used in) financing activities | -147,263 |
| Net change in cash and cash equivalents | -8,763 |
| Beginning cash and cash equivalents | 96,751 |
| Ending cash and cash equivalents | 87,988 |
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)