Financial insights of COFS

MyFinsight

For the year ending 2025-12-31.

Income Statement	2025-12-31
Loans, including fees	172,914
Taxable	20,906
Tax exempt	5,622
Other	3,516
Total interest income	202,958
Deposits	53,970
Advances from federal home loan bank	8,201
Other	3,717
Total interest expense	65,888
Net interest income	137,070
Provision for (reversal of) credit losses on loans (note 3)	15,113
Provision for (reversal of) credit losses on unfunded commitments	300
Net provision for credit losses expense	14,813
Net interest income after provision for credit losses	122,257
Customer service charges	5,994
Interchange income	7,811
Insurance and investment commissions	1,912
Gains on sales of loans and capital servicing rights (note 4)	1,981
Net (losses) gains on sales of securities (note 2)	0
Net (losses) gains on sales and write-downs of other assets (note 7)	-226
Earnings on life insurance policies	2,358
Trust income	2,525
Change in market value of equity securities (note 2)	607
Other	1,704
Total noninterest income	24,666
Salaries and benefits (note 14 and 15)	52,737
Occupancy and equipment (note 5)	9,314
Data processing	9,311
Communication	2,034
Professional fees	3,262
Supplies and postage	1,107
Advertising and promotional	981
Intangible amortization (note 6)	5,823
Fdic insurance	2,010
Merger related expenses	17,369
Other	8,787
Total noninterest expense	112,735
Income before income tax expense	34,188
Income tax expense (note 12)	6,012
Net income	28,176

Basic EPS	2.02
Diluted EPS	2.01
Basic Average Shares	13,941,260
Diluted Average Shares	13,992,099