Choiceone Financial Services Inc financial data

Symbol
COFS on Nasdaq
Industry
State Commercial Banks
Location
109 E Division, P O Box 186, Sparta, MI
State of incorporation
MI
Fiscal year end
December 31
Former names
1ST COMMUNITY BANCORP INC (to 4/9/1998)
Latest financial report
10-K - Q4 2024 - Mar 11, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.06K % -17.9%
Return On Equity 11.5 % -1.96%
Return On Assets 1 % +17.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.97M shares +18.5%
Common Stock, Shares, Outstanding 8.97M shares +18.8%
Entity Public Float 199M USD +24.7%
Weighted Average Number of Shares Outstanding, Basic 8.17M shares +8.41%
Weighted Average Number of Shares Outstanding, Diluted 8.22M shares +8.57%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 33.1M USD +29.4%
Income Tax Expense (Benefit) 6.36M USD +47.7%
Net Income (Loss) Attributable to Parent 26.7M USD +25.7%
Earnings Per Share, Basic 3.27 USD/shares +16%
Earnings Per Share, Diluted 3.25 USD/shares +15.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 96.8M USD +74.5%
Property, Plant and Equipment, Net 27.1M USD -8.91%
Goodwill 59.9M USD 0%
Assets 2.72B USD +5.69%
Liabilities 2.46B USD +3.43%
Common Stocks, Including Additional Paid in Capital 207M USD +19.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -37.8M USD +26.8%
Retained Earnings (Accumulated Deficit) 91.4M USD +24%
Stockholders' Equity Attributable to Parent 260M USD +33.1%
Liabilities and Equity 2.72B USD +5.69%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 15.3M USD +67%
Net Cash Provided by (Used in) Financing Activities 71.8M USD +242%
Net Cash Provided by (Used in) Investing Activities 7.61M USD
Common Stock, Shares Authorized 30M shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 94.7M USD +742%
Interest Paid, Excluding Capitalized Interest, Operating Activities 15.3M USD +235%
Operating Lease, Liability 621K USD -12.4%
Depreciation 636K USD +4.43%
Payments to Acquire Property, Plant, and Equipment 311K USD -69.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 40.5M USD -2.3%
Lessee, Operating Lease, Liability, to be Paid 759K USD -2.32%
Property, Plant and Equipment, Gross 49.3M USD -2.69%
Lessee, Operating Lease, Liability, to be Paid, Year Two 191K USD -17%
Lessee, Operating Lease, Liability, to be Paid, Year One 310K USD -1.27%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 138K USD +103%
Lessee, Operating Lease, Liability, to be Paid, Year Three 89K USD -47%
Deferred Tax Assets, Operating Loss Carryforwards 427K USD -8.37%
Deferred Federal Income Tax Expense (Benefit) 301K USD +19.4%
Preferred Stock, Shares Authorized 100K shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 25K USD -61.5%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 757K USD -20.7%
Deferred Tax Assets, Net of Valuation Allowance 20.9M USD -1.07%
Interest Expense 45M USD +168%