CHOICEONE FINANCIAL SERVICES INC

For the period ended Sep 30, 2025. Filed Nov 10, 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.

Sep 30, 2025 · Filed Nov 10, 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 September 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, July 1, 2024	7,573,618	$173,984		$81,836	$(41,301)	$214,519
Net income				7,348			7,348
Other comprehensive income (loss)					(4,145)		(4,145)
Shares issued	5,914		165					165
Effect of employee stock purchases		11					11
Stock options exercised and issued	132						—
Stock-based compensation expense		174					174
Common stock offering	1,380,000		32,093					32,093
Cash dividends declared ($0.27 per share)				(2,419)			(2,419)
Balance, September 30, 2024	8,959,664	$206,427		$86,765	$(45,446)	$247,746
Balance, July 1, 2025	15,008,864	$398,201		$82,647	$(49,087)	$431,761
Net income				14,681			14,681
Other comprehensive income (loss)					6,890		6,890
Shares issued for directors and employee stock plans	8,938		245					245
Effect of employee stock purchases		17					17
Stock-based compensation expense		225					225
Cash dividends declared ($0.28 per share)				(4,204)			(4,204)
Balance, September 30, 2025	15,017,802	$398,688		$93,124	$(42,197)	$449,615

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

For the nine months ended September 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				19,568			19,568
Other comprehensive income (loss)					6,132		6,132
Shares issued for directors and employee stock plans	30,435		280					280
Effect of employee stock purchases		33					33
Stock options exercised and issued	1,012						-
Stock-based compensation expense		508					508
Common stock offering	1,380,000		32,093					32,093
Cash dividends declared ($0.81 per share)				(6,502)			(6,502)
Balance, September 30, 2024	8,959,664	$206,427		$86,765	$(45,446)	$247,746
Balance, January 1, 2025	8,965,483	$206,780		$91,414	$(37,779)	$260,415
Net income				14,309			14,309
Other comprehensive income (loss)					(4,418)		(4,418)
Shares issued for directors and employee stock plans	23,855		678					678
Effect of employee stock purchases		46					46
Stock-based compensation expense		578					578
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 ($0.84 per share)				(12,599)			(12,599)
Balance, September 30, 2025	15,017,802	$398,688		$93,124	$(42,197)	$449,615

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.