CHOICEONE FINANCIAL SERVICES INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
COFS$36.69-0.2%Stored close · as of Nov 6, 2026
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, 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 for directors and employee stock plans | 7,040 | 90 | 90 | |||||
| Effect of employee stock purchases | 11 | 11 | ||||||
| Stock options exercised and issued | 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 | |||
| Balance, January 1, 2025 | 8,965,483 | $206,780 | $91,414 | $(37,779) | $260,415 | |||
| Net (loss) income | (13,906) | (13,906) | ||||||
| Other comprehensive income (loss) | (6,544) | (6,544) | ||||||
| Shares issued for directors and employee stock plans | 5,515 | 172 | 172 | |||||
| Effect of employee stock purchases | 13 | 13 | ||||||
| Stock-based compensation expense | 177 | 177 | ||||||
| Merger with Fentura Financial, Inc., net of issuance costs | 6,064,057 | 192,770 | 192,770 | |||||
| Dissolution of Fentura Financial, Inc. ESOP | (57,807) | (1,837) | (1,837) | |||||
| Cash dividends declared ($0.28 per share) | (4,192) | (4,192) | ||||||
| Balance, March 31, 2025 | 14,977,248 | $398,075 | $73,316 | $(44,323) | $427,068 | |||
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