For the quarter ending 2025-09-30, COFS made $105,397K in revenue. $14,681K in net income. Net profit margin of 13.93%.
| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans, including fees | 47,123 | 46,533 | ||
| Taxable | 5,249 | 5,264 | ||
| Tax exempt | 1,418 | 1,393 | ||
| Other | 908 | 735 | ||
| Total interest income | 54,698 | 53,925 | ||
| Deposits | 14,287 | 14,840 | ||
| Advances from federal home loan bank | 1,926 | 1,659 | ||
| Other | 888 | 1,104 | ||
| Total interest expense | 17,101 | 17,603 | ||
| Net interest income | 37,597 | 36,322 | ||
| Provision for (reversal of) credit losses on loans | 200 | 650 | ||
| Provision for (reversal of) credit losses on unfunded commitments | 0 | 0 | ||
| Net provision for (reversal of) credit losses expense | 200 | 650 | ||
| Net interest income after provision | 37,397 | 35,672 | ||
| Customer service charges | 1,729 | 1,401 | ||
| Interchange income | 2,133 | - | ||
| Insurance and investment commissions | 485 | 540 | ||
| Gains on sales of loans | 671 | 355 | ||
| Net (losses) gains on sales and write downs of other assets | -39 | 3 | ||
| Earnings on life insurance policies | 558 | 844 | ||
| Trust income | 734 | 596 | ||
| Change in market value of equity securities | 458 | 239 | ||
| Credit and debit card fees | - | 2,083 | ||
| Other | 415 | 442 | ||
| Total noninterest income | 7,144 | 6,503 | ||
| Salaries and benefits | 14,127 | 13,731 | ||
| Occupancy and equipment | 2,694 | 2,432 | ||
| Data processing | 2,499 | 2,439 | ||
| Communications | 517 | 561 | ||
| Professional fees | 834 | 947 | ||
| Supplies and postage | 267 | 305 | ||
| Advertising and promotional | 207 | 260 | ||
| Intangible amortization | 1,728 | 1,732 | ||
| Fdic insurance | 530 | 550 | ||
| Merger related expenses | 0 | 166 | ||
| Other | 2,812 | 2,383 | ||
| Total noninterest expense | 26,215 | 25,506 | ||
| Income before income tax | 18,326 | 16,669 | ||
| Income tax expense | 3,645 | 3,135 | ||
| Net income | 14,681 | 13,534 | ||
| Basic earnings per common shares | 0.98 | 0.9 | ||
| Diluted earnings per common share | 0.97 | 0.9 | ||
| Weighted average common shares outstanding | 15,014,933 | 14,999,067 | ||
| Weighted average common shares outstanding and potentially dilutive shares | 15,061,155 | 15,035,113 | ||
CHOICEONE FINANCIAL SERVICES INC (COFS)
CHOICEONE FINANCIAL SERVICES INC (COFS)