ChoiceOne Financial Services, Inc. (COFS)

Nasdaq: COFS · State Commercial Banks · Sparta, MI · filing with the SEC since 1995

Grade4.7

◀ Past 4.7● Present 3.7▶ Future 5.9

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 13, 2026	Mar 11, 2025	Mar 13, 2024	Mar 23, 2023	Mar 18, 2022	Apr 1, 2021	Mar 16, 2020	Mar 18, 2019	Mar 29, 2018	Mar 27, 2017
Revenue	227,624	139,099	113,886	89,132	·	·	·	·	·	·
For lenders
Interest and dividend income	202,958	121,104	98,980	75,060	64,618	55,715	32,473	24,525	22,041	20,312
Interest expense on deposits and borrowings	65,888	46,662	33,095	7,746	·	·	·	·	·	·
Net interest income	137,070	74,442	65,885	67,314	60,641	51,071	27,773	22,064	20,563	19,343
Provision for credit losses	14,813	625	150	250	416	4,000	0	35	485	·
Net interest income after provision	122,257	73,817	65,735	67,064	60,225	47,071	27,773	22,029	20,078	19,343
Noninterest income	24,666	17,995	14,906	14,072	19,194	22,698	9,168	6,920	7,811	7,881
Noninterest expense	112,735	58,723	55,074	53,478	52,921	50,884	28,476	20,461	19,334	18,972
Interest expense	·	·	33,095	7,746	3,977	4,644	4,700	2,461	1,478	969
Income before income taxes	34,188	33,089	25,567	27,658	26,498	18,885	8,465	8,488	8,555	8,252
Income tax expense	6,012	6,362	4,306	4,018	4,456	3,272	1,294	1,155	2,387	2,162
Net income	28,176	26,727	21,261	23,640	22,042	15,613	7,171	7,333	6,168	6,090
Net income to common shareholders	28,176	26,727	21,261	23,640	22,042	15,613	7,171	7,333	6,168	6,090
Earnings per share, basic	2.02	3.27	2.82	3.15	2.87	2.08	1.58	2.03	1.70^r	1.68^r
Earnings per share, diluted	2.01	3.25	2.82	3.15	2.86	2.07	1.58	2.02	1.70^r	1.68^r
Weighted average shares, basic	13,941,260	8,166,472	7,532,998	7,504,173	7,685,459	7,521,771	4,528,786	3,614,302	3,621,216^r	3,624,037^r
Weighted average shares, diluted	13,992,099	8,221,065	7,572,290	7,527,371	7,702,714	7,531,617	4,539,275	3,628,127^r	3,629,682^r	3,624,037^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the change of share basis.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton COFS · research, not advice