Company: COFS
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000950170-25-036839
Chunk: 76

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 76
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,095

    7,746

    Net interest income

    74,442

    65,885

    67,314

    Provision for (reversal of) credit losses on loans (Note 3)

    1,300

    1,265

    250

    Provision for (reversal of) credit losses on unfunded commitments (Note 3)

    (675
    )

    (1,115
    )

    -

    Net Provision for (reversal of) credit losses expense (Note 3)

    625

    150

    250

    Net interest income after provision for credit losses

    73,817

    65,735

    67,064

    Noninterest income

    Customer service charges

    4,774

    4,601

    4,561

    Credit and debit card fees

    5,797

    4,746

    4,789

    Insurance and investment commissions

    742

    698

    779

    Gains on sales of loans (Note 4)

    2,439

    1,954

    2,343

    Net (losses) gains on sales of securities (Note 2)

    -

    (71
    )

    (809
    )

    Net (losses) gains on sales and write-downs of other assets (Note 7)

    198

    147

    99

    Earnings on life insurance policies

    1,934

    1,096

    1,312

    Trust income

    906

    771

    734

    Change in market value of equity securities

    195

    (246
    )

    (955
    )

    Other

    1,010

    1,210

    1,219

    Total noninterest income

    17,995

    14,906

    14,072

    Noninterest expense

    Salaries and benefits (Note 14 and 15)

    33,408

    31,963

    30,391

    Occupancy and equipment (Note 5)

    5,797

    6,048

    6,189

    Data processing

    5,905