CHOICEONE FINANCIAL SERVICES INC

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

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.

Jun 30, 2025 · Filed Aug 8, 2025

COFS$36.69-0.2%Stored close · as of Nov 6, 2026

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Contents

Consolidated Statements Of Changes In Shareholders’ Equity

CONSOLIDATED STATEMENTSOF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

For the three months ended June 30,

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, April 1, 2024	7,556,137	$173,786		$77,294	$(44,324)	$206,756
Net income				6,586			6,586
Other comprehensive income (loss)					3,023		3,023
Shares issued	17,481		25					25
Effect of employee stock purchases		11					11
Stock-based compensation expense		162					162
Cash dividends declared ($0.27 per share)				(2,044)			(2,044)
Balance, June 30, 2024	7,573,618	$173,984		$81,836	$(41,301)	$214,519
Balance, April 1, 2025	14,977,248	$398,075		$73,316	$(44,323)	$427,068
Net income				13,534			13,534
Other comprehensive income (loss)					(4,764)		(4,764)
Shares issued for directors and employee stock plans	9,402		261					261
Effect of employee stock purchases		16					16
Stock-based compensation expense		176					176
Restricted stock units issued	22,214						-
Shares surrendered by participants for RSU tax payments		(327)					(327)
Cash dividends declared ($0.28 per share)				(4,203)			(4,203)
Balance, June 30, 2025	15,008,864	$398,201		$82,647	$(49,087)	$431,761

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

For the six months ended June 30,

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				12,220			12,220
Other comprehensive income (loss)					10,277		10,277
Shares issued for directors and employee stock plans	24,521		115					115
Effect of employee stock purchases		22					22
Stock options exercised and issued	880						—
Stock-based compensation expense		334					334
Cash dividends declared ($0.54 per share)				(4,083)			(4,083)
Balance, June 30, 2024	7,573,618	$173,984		$81,836	$(41,301)	$214,519
Balance, January 1, 2025	8,965,483	$206,780		$91,414	$(37,779)	$260,415
Net (loss) income				(372)			(372)
Other comprehensive income (loss)					(11,308)		(11,308)
Shares issued for directors and employee stock plans	14,917		433					433
Effect of employee stock purchases		29					29
Stock-based compensation expense		353					353
Restricted stock units issued	22,214						-
Shares surrendered by participants for RSU tax payments		(327)					(327)
Merger with Fentura Financial, Inc., net of issuance costs	6,064,057		192,770					192,770
Repurchase of shares from Fentura Financial, Inc. ESOP	(57,807)		(1,837)					(1,837)
Cash dividends declared ($0.56 per share)				(8,395)			(8,395)
Balance, June 30, 2025	15,008,864	$398,201		$82,647	$(49,087)	$431,761

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.