CHOICEONE FINANCIAL SERVICES INC
For the period ended May 20, 2026. Filed Apr 13, 2026.
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 20, 2026 · Filed Apr 13, 2026
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 total for PEO · Compensation actually paid to 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 · Adjusted Net Income(4) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return · Peer group Total Shareholder Return(3) | ||||||||
| 2025 | $1,181,700 | $983,782 | $627,124 | $550,715 | $116.66 | $196.00 | $28,176,000 | $51,524,000 |
| 2024 | $888,391 | $872,366 | $511,960 | $497,066 | $135.60 | $147.85 | $26,727,000 | $27,733,000 |
| 2023 | $722,253 | $715,362 | $422,686 | $417,862 | $107.40 | $107.76 | $21,261,000 | N/A |
| (1) | For each of the years presented above, our PEO was Mr. Potes, and our Non-PEO NEOs were Mr. Burke and Mr. Henion in 2023 and 2024, our Non-PEO NEOs were Mr. Burke, Mr. Henion and Mr. Greenland in 2025. |
| (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. |
| (3) | Peer group Total Shareholder Return is for the KBW Nasdaq Bank Index. |
| (4) | Company selected measure. Net income adjusted to exclude merger-related expenses for merger with Fentura Financial, Inc. |
| PEO | Average for Non-PEO NEOs | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | 2025 | 2024 | 2023 | |
| Total compensation per Summary Compensation Table (“SCT”) | $1,181,700 | $888,391 | $722,253 | $627,124 | $511,960 | $422,686 |
| Less the value of stock grants reported in the SCT, respectively | $260,700 | $157,136 | $94,068 | $106,255 | $66,011 | $40,200 |
| 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 | $130,124 | $114,440 | $92,148 | $49,397 | $48,897 | $39,378 |
| Plus the change in fair value of prior year awards that are outstanding and unvested as of the end of the covered fiscal year | $(38,899) | $44,951 | $1,955 | $(7,585) | $10,425 | $465 |
| 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 | $(28,443) | $(18,280) | $(6,926) | $(11,966) | $(8,205) | $(4,467) |
| Compensation actually paid for year shown | $983,782 | $872,366 | $715,362 | $550,715 | $497,066 | $417,862 |
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