CHOICEONE FINANCIAL SERVICES INC
For the period ended Jun 30, 2024. Filed Aug 14, 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.
Jun 30, 2024 · Filed Aug 14, 2024
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 STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
For the six months ended June 30,
| (Dollars in thousands, except per share data) | Number of Shares | Common Stock and Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss), Net | Total |
|---|---|---|---|---|---|
| Balance, January 1, 2023 | 7,516,098 | $172,277 | $60,348 | $(71,797) | $160,828 |
| Net income | 10,846 | 10,846 | |||
| Other comprehensive income (loss) | 10,876 | 10,876 | |||
| Shares issued | 18,560 | 297 | 297 | ||
| Effect of employee stock purchases | 14 | 14 | |||
| Stock-based compensation expense | 292 | 292 | |||
| Cash dividends declared ($0.52 per share) | (3,913) | (3,913) | |||
| Balance, June 30, 2023 | 7,534,658 | $172,880 | $67,281 | $(60,921) | $179,240 |
| 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 | 24,521 | 115 | 115 | ||
| Effect of employee stock purchases | 22 | 22 | |||
| Stock options exercised and issued (1) | 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 |
| (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. |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
For the three months ended June 30,
| (Dollars in thousands, except per share data) | Number of Shares | Common Stock and Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss), Net | Total |
|---|---|---|---|---|---|
| Balance, April 1, 2023 | 7,521,749 | $172,564 | $64,026 | $(67,878) | $168,712 |
| Net income | 5,213 | 5,213 | |||
| Other comprehensive income (loss) | 6,957 | 6,957 | |||
| Shares issued | 12,909 | 150 | 150 | ||
| Effect of employee stock purchases | 7 | 7 | |||
| Stock-based compensation expense | 159 | 159 | |||
| Cash dividends declared ($0.26 per share) | (1,958) | (1,958) | |||
| Balance, June 30, 2023 | 7,534,658 | $172,880 | $67,281 | $(60,921) | $179,240 |
| 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 |
| (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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