cofs: the income statement

MyFinsight

CHOICEONE FINANCIAL SERVICES INC (COFS)

For the quarter ending 2025-06-30, COFS made $60,428K in revenue. $13,534K in net income. Net profit margin of 22.40%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax (benefit) expense	3,135
Other	442
Insurance and investment commissions	540
Gains on sales of loans	355
Net gains on sales and write downs of other assets	3
Change in market value of equity securities	239
Earnings on life insurance policies	844
Trust income	596
Customer service charges	1,401
Credit and debit card fees	2,083
Total noninterest income	6,503
Supplies and postage	305
Professional fees	947
Other	2,383
Occupancy and equipment	2,432
Advertising and promotional	260
Salaries and benefits	13,731
Data processing	2,439
Fdic insurance	550
Communications	561
Merger related expenses	166
Intangible amortization	1,732
Total noninterest expense	25,506
Provision for (reversal of) credit losses on loans	650
Provision for (reversal of) credit losses on unfunded commitments	-
Net provision for (reversal of) credit losses expense	650
Other	1,104
Advances from federal home loan bank	1,659
Deposits	14,840
Total interest expense	17,603
Other	735
Tax exempt	1,393
Taxable	5,264
Loans, including fees	46,533
Total interest income	53,925
Net interest income	36,322
Net interest income after provision	35,672
(loss) income before income tax (benefit) expense	16,669
Net (loss) income	13,534

Basic earnings per common shares	0.9
Diluted earnings per common share	0.9
Weighted average common shares outstanding	14,999,067
Weighted average common shares outstanding and potentially dilutive shares	15,035,113

Unit: Thousand (K) dollars (except for numbers of shares and EPS)