Choiceone Financial Services Inc financial data

Symbol
COFS on Nasdaq
Industry
State Commercial Banks
Location
109 E Division, P O Box 186, Sparta, MI
State of incorporation
Michigan
Fiscal year end
December 31
Former names
1ST COMMUNITY BANCORP INC (to 4/9/1998)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.21K % -10.3%
Return On Equity 11.3 % -19.2%
Return On Assets 0.87 % -10.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.96M shares +18.8%
Common Stock, Shares, Outstanding 7.57M shares +0.52%
Entity Public Float 159M USD +17%
Weighted Average Number of Shares Outstanding, Basic 7.57M shares +0.53%
Weighted Average Number of Shares Outstanding, Diluted 7.6M shares +0.7%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 27.7M USD +0.48%
Income Tax Expense (Benefit) 5.03M USD +20%
Net Income (Loss) Attributable to Parent 22.6M USD -3.03%
Earnings Per Share, Basic 3 USD/shares -3.23%
Earnings Per Share, Diluted 2.99 USD/shares -3.55%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 101M USD +31.5%
Property, Plant and Equipment, Net 27.4M USD -5.9%
Goodwill 59.9M USD 0%
Assets 2.62B USD +5.61%
Liabilities 2.41B USD +4.52%
Common Stocks, Including Additional Paid in Capital 174M USD +0.64%
Accumulated Other Comprehensive Income (Loss), Net of Tax -41.3M USD +32.2%
Retained Earnings (Accumulated Deficit) 81.8M USD +21.6%
Stockholders' Equity Attributable to Parent 215M USD +19.7%
Liabilities and Equity 2.62B USD +5.61%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 15.3M USD +67%
Net Cash Provided by (Used in) Financing Activities 71.8M USD +242%
Net Cash Provided by (Used in) Investing Activities 7.61M USD
Common Stock, Shares Authorized 15M shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 94.7M USD +742%
Interest Paid, Excluding Capitalized Interest, Operating Activities 15.3M USD +235%
Operating Lease, Liability 709K USD
Depreciation 636K USD +4.43%
Payments to Acquire Property, Plant, and Equipment 311K USD -69.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 42.3M USD +53.7%
Lessee, Operating Lease, Liability, to be Paid 777K USD -23.2%
Property, Plant and Equipment, Gross 50.7M USD +9.15%
Lessee, Operating Lease, Liability, to be Paid, Year Two 230K USD -0.86%
Lessee, Operating Lease, Liability, to be Paid, Year One 314K USD -2.48%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 68K USD -42.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 168K USD -26%
Deferred Tax Assets, Operating Loss Carryforwards 466K USD -7.72%
Deferred Federal Income Tax Expense (Benefit) 301K USD +19.4%
Preferred Stock, Shares Authorized 100K shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 65K USD -60.8%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 856K USD -18.8%
Deferred Tax Assets, Net of Valuation Allowance 21.1M USD -11.3%
Interest Expense 45M USD +168%