Company: COFS
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000950170-25-036839
Chunk: 77

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 77
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 Income tax benefit (expense)

    (286
    )

    (4,396
    )

    19,304

    Reclassification adjustment for net (gain) loss included in net income

    -

    -

    809

    Income tax benefit (expense)

    -

    -

    (170
    )

    Reclassification adjustment for net gain (loss) for fair value hedge

    7,205

    (1,534
    )

    1,930

    Income tax benefit (expense)

    (1,513
    )

    322

    (405
    )

    Net unrealized (gains) losses on securities transferred from AFS to HTM

    -

    -

    3,404

    Income tax benefit (expense)

    -

    -

    (715
    )

    Unrealized gain (loss) on AFS securities, net of tax

    6,768

    15,326

    (67,766
    )

    Reclassification of unrealized gain (loss) upon transfer of securities from AFS to HTM

    -

    -

    (3,404
    )

    Income tax benefit (expense)

    -

    -

    715

    Amortization of net unrealized (gains) losses on securities transferred from AFS to HTM

    242

    333

    351

    Income tax benefit (expense)

    (51
    )

    (70
    )

    (74
    )

    Unrealized gain (loss) on held to maturity securities, net of tax

    191

    263

    (2,412
    )

    Change in net unrealized gain (loss) on cash flow hedge

    7,566

    3,024

    (558
    )

    Income tax benefit (expense)

    (1,589
    )

    (635
    )

    117

    Reclassification adjustment for net (gain) loss on cash flow hedge

    -

    -

    771

    Income tax benefit (expense)

    -

    -

    (162
    )

    Amortization of net unrealized (gains) losses included in net income

    1,092

    2,837

    999

    Income tax benefit (expense)

    (229
    )

    (596
    )

    (210
    )

    Unreal