Company: COFS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000950170-25-105803
Chunk: 3

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 3
---
60,483

     Total assets
     $
     4,310,252

     $
     2,723,243

     Liabilities

     Deposits – noninterest-bearing
     $
     943,873

     $
     524,945

     Deposits – interest-bearing
      
     2,542,526

     1,652,647

     Brokered deposits
      
     106,225

     36,511

     Total deposits
      
     3,592,624

     2,214,103

     Borrowings
      
     198,428

     175,000

     Subordinated debentures
      
     48,277

     35,752

     Other liabilities
      
     39,162

     37,973

     Total liabilities
      
     3,878,491

     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: 15,008,864 at June 30, 2025 and 8,965,483 at December 31, 2024
      
     398,201

     206,780

     Retained earnings
      
     82,647

     91,414

     Accumulated other comprehensive loss, net
      
     (49,087
     )

     (37,779
     )

     Total shareholders’ equity
      
     431,761

     260,415

      Total liabilities and shareholders’ equity
     $
     4,310,252

     $
     2,723,243

See accompanying notes to interim consolidated financial statements.