CHOICEONE FINANCIAL SERVICES INC
For the period ended May 21, 2025. Filed Apr 8, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 21, 2025 · Filed Apr 8, 2025
COFS$36.69-0.2%Stored close · as of Nov 6, 2026
Contents
Pay versus Performance Table
| Pay Versus Performance Year(1) | Summary compensation table totalfor PEO | Compensation actually paidto PEO(2) | Average Summary Compensation Table Total for Non-PEO named executive officers | Average Compensation Actually Paid to non-PEO named executive officers(1)(2) | Value of Initial Fixed $100 Investment Based on: Total Shareholder Return | Net Income |
|---|---|---|---|---|---|---|
| 2024 | $888,391 | $872,366 | $511,960 | $497,066 | $135.60 | $26,727,000 |
| 2023 | $722,253 | $715,362 | $422,686 | $417,862 | $107.40 | $21,261,000 |
| 2022 | $646,206 | $678,579 | $401,701 | $428,680 | $102.02 | $23,640,000 |
| (1) | For each of the years presented above, our PEO was Mr. Potes, and our Non-PEO NEOs were Mr. Burke and Mr. Henion. |
| (2) | The table below details amounts deducted and added to calculate Compensation Actually Paid to the PEO and Average Compensation Actually Paid to the Non-PEO NEOs. |
| PEO | Average for Non-PEO NEOs | |||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | |
| Total compensation per Summary Compensation Table (“SCT”) | $888,391 | $722,253 | $646,206 | $511,960 | $422,686 | $401,701 |
| Less the value of stock grants reported in the SCT, respectively | $157,136 | $94,068 | $91,200 | $66,011 | $40,200 | $38,975 |
| Plus year-end value of stock grants awarded in the covered fiscal year that are unvested and outstanding as of the end of the covered fiscal year | $114,440 | $92,148 | $114,405 | $48,897 | $39,378 | $56,391 |
| Plus the change in fair value of prior year awards that are outstanding and unvested as of the end of the covered fiscal year | $44,951 | $1,955 | $10,098 | $10,425 | $465 | $10,494 |
| Plus the change in fair value as of the vesting date of prior year awards that vested at the end of or during the covered fiscal year | $(18,280) | $(6,926) | $(930) | $(8,205) | $(4,467) | $(930) |
| Compensation actually paid for year shown | $872,366 | $715,362 | $678,579 | $497,066 | $417,862 | $428,680 |
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