Company: COFS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000950170-25-069133
Chunk: 3

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 3
---
60,483

     Total assets
     $
     4,305,391

     $
     2,723,243

     Liabilities

     Deposits – noninterest-bearing
     $
     912,033

     $
     524,945

     Deposits – interest-bearing
      
     2,672,401

     1,652,647

     Brokered deposits
      
     67,295

     36,511

     Total deposits
      
     3,651,729

     2,214,103

     Borrowings
      
     137,330

     175,000

     Subordinated debentures
      
     48,186

     35,752

     Other liabilities
      
     41,078

     37,973

     Total liabilities
      
     3,878,323

     2,462,828

     Shareholders' Equity

     Preferred stock; shares authorized: 100,000; shares outstanding: none
      
     -

     -

     Common stock and paid-in capital, no par value; shares authorized: 30,000,000; shares outstanding: 14,975,034 at March 31, 2025 and 8,965,483 at December 31, 2024
      
     398,075

     206,780

     Retained earnings
      
     73,316

     91,414

     Accumulated other comprehensive loss, net
      
     (44,323
     )

     (37,779
     )

     Total shareholders’ equity
      
     427,068

     260,415

      Total liabilities and shareholders’ equity
     $
     4,305,391

     $
     2,723,243

See accompanying notes to interim consolidated financial statements.