CHOICEONE FINANCIAL SERVICES INC

For the period ended Jun 30, 2026. Filed Aug 10, 2026.

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, 2026 · Filed Aug 10, 2026

COFS$36.74-1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements Of Comprehensive Income (Loss)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)

Three Months Ended · Six Months Ended
(Dollars in thousands)	June 30,		June 30,
	2026	2025	2026	2025
Net income (loss)	$12,463	$13,534	$26,167	$(372)
Other comprehensive income:
Change in net unrealized gain (loss) on available-for-sale securities	4,789	(2,123)	2,848	(2,024)
Income tax benefit (expense)	(1,006)	446	(598)	425
Less: reclassification adjustment for net (gain) loss included in net income	1,933	-	2,136	-
Income tax benefit (expense)	(406)	-	(449)	-
Less: reclassification adjustment for net (gain) loss for fair value hedge	284	(2,118)	(800)	(6,696)
Income tax benefit (expense)	(60)	445	168	1,406
Unrealized gain (loss) on available-for-sale securities, net of tax	5,534	(3,350)	3,305	(6,889)
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity	99	62	160	132
Income tax benefit (expense)	(21)	(13)	(34)	(28)
Unrealized loss on held to maturity securities, net of tax	78	49	126	104
Change in net unrealized gain (loss) on cash flow hedge	-	(1,580)	(1,897)	(5,528)
Income tax benefit (expense)	-	331	398	1,161
Less: accretion of net unrealized (gains) losses included in net income	(310)	(270)	(500)	(197)
Income tax benefit (expense)	66	56	105	41
Unrealized gain (loss) on cash flow hedge instruments, net of tax	(244)	(1,463)	(1,894)	(4,523)
Other comprehensive income (loss), net of tax	5,368	(4,764)	1,537	(11,308)
Comprehensive income (loss)	$17,831	$8,770	$27,704	$(11,680)

CONSOLIDATED STATEMENTS OF 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, 2025	14,977,248	$398,075		$73,316	$(44,323)	$427,068
Net income (loss)				13,534			13,534
Other comprehensive income (loss)					(4,764)		(4,764)
Shares issued for directors and employee stock plans	9,402		261					261
Compensation expense for 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
Balance, April 1, 2026	14,960,200	$397,498		$112,008	$(39,505)	$470,001
Net income				12,463			12,463
Other comprehensive income (loss)					5,368		5,368
Shares issued for directors and employee stock plans	8,608		244					244
Compensation expense for employee stock purchases		14					14
Stock-based compensation expense		252					252
Restricted stock units issued	16,664						-
Shares surrendered by participants for RSU tax payments		(252)					(252)
Shares repurchased	(35,000)		(1,075)					(1,075)
Cash dividends declared ($0.29 per share)				(4,336)			(4,336)
Balance, June 30, 2026	14,950,472	$396,681		$120,135	$(34,137)	$482,679

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, 2025	8,965,483	$206,780		$91,414	$(37,779)	$260,415
Net income (loss)				(372)			(372)
Other comprehensive income (loss)					(11,308)		(11,308)
Shares issued for directors and employee stock plans	14,917		433					433
Compensation expense for 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
Balance, January 1, 2026	15,000,939	$398,386		$102,641	$(35,674)	$465,353
Net income				26,167			26,167
Other comprehensive income (loss)					1,537		1,537
Shares issued for directors and employee stock plans	17,869		499					499
Compensation expense for employee stock purchases		27					27
Stock-based compensation expense		537					537
Restricted stock units issued	16,664
Shares surrendered by participants for RSU tax payments		(252)					(252)
Shares repurchased	(85,000)		(2,516)					(2,516)
Cash dividends declared ($0.58 per share)				(8,673)			(8,673)
Balance, June 30, 2026	14,950,472	$396,681		$120,135	$(34,137)	$482,679

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.