CHOICEONE FINANCIAL SERVICES INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements Of Changes In Shareholders’ Equity
CONSOLIDATED STATEMENTSOF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
For the three months ended March 31,
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Common · Other | ||||||||
| Stock and · Comprehensive | ||||||||
| Number of · Paid in · Retained · Income/(Loss), | ||||||||
| (Dollars in thousands, except per share data) · Shares · Capital · Earnings · Net · Total | ||||||||
| Balance, January 1, 2023 | 7,516,098 | $172,277 | $60,348 | $(71,797) | $160,828 | |||
| Net income | 5,633 | 5,633 | ||||||
| Other comprehensive income (loss) | 3,919 | 3,919 | ||||||
| Shares issued | 5,651 | 147 | 147 | |||||
| Effect of employee stock purchases | 7 | 7 | ||||||
| Stock-based compensation expense | 133 | 133 | ||||||
| Cash dividends declared ($0.26 per share) | (1,955) | (1,955) | ||||||
| Balance, March 31, 2023 | 7,521,749 | $172,564 | $64,026 | $(67,878) | $168,712 | |||
| Balance, January 1, 2024 | 7,548,217 | $173,513 | $73,699 | $(51,578) | $195,634 | |||
| Net income | 5,634 | 5,634 | ||||||
| Other comprehensive income (loss) | 7,254 | 7,254 | ||||||
| Shares issued | 7,040 | 90 | 90 | |||||
| Effect of employee stock purchases | 11 | 11 | ||||||
| Stock options exercised and issued (1) | 880 | - | ||||||
| Stock-based compensation expense | 172 | 172 | ||||||
| Cash dividends declared ($0.27 per share) | (2,039) | (2,039) | ||||||
| Balance, March 31, 2024 | 7,556,137 | $173,786 | $77,294 | $(44,324) | $206,756 | |||
(1)The amount shown represents the number of shares issued in net exercise transactions where shares were surrendered in payment of taxes and/or payment of all or part of the exercise price.
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