Company: COFS
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000950170-25-036839
Chunk: 80

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 80
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    7,596

    6,205

    Net cash provided by operating activities
     
    48,646

    46,482

    44,327

    Cash flows from investing activities:

    Sales of securities available for sale
     
    -

    -

    47,167

    Sales of equity securities
     
    -

    887

    -

    Proceeds from Federal Home Loan Bank stock redemption
     
    -

    3,917

    -

    Maturities, prepayments and calls of securities available for sale
     
    33,782

    32,289

    51,570

    Maturities, prepayments and calls of securities held to maturity
     
    25,988

    16,572

    8,091

    Purchases of securities available for sale
     
    (2,479
    )

    (1,646
    )

    (55,053
    )

    Purchases of securities held to maturity
     
    (14,279
    )

    (597
    )

    (7,505
    )

    Purchases of equity securities
     
    (82
    )

    -

    (1,029
    )

    Purchases of Federal Home Loan Bank stock
     
    (4,934
    )

    (4,849
    )

    -

       Purchase of Federal Reserve Bank stock
     
    (242
    )

    -

    -

    Loan originations and payments, net
     
    (136,070
    )

    (221,245
    )

    (130,620
    )

    Proceeds from bank owned life insurance death benefits claim
     
    2,112

    690

    Additions to premises and equipment
     
    (1,706
    )

    (4,234
    )

    (1,164
    )

    Proceeds from (payments for) derivative contracts, net
     
    -

    1,732

    (1,953
    )

    Payments for derivative contracts settlements
     
    -

    (4,191
    )

    -

    Net cash (used in)/provided by investing activities
     
    (97,910
    )

    (181,365
    )

    (89,806
    )

    Cash flows from financing activities: