COFS - NASDAQ

ChoiceOne Financial Services, Inc.

COFS·NASDAQ

$30.52

-3.4%

Financial ServicesBanks - Regional

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$457.04M

EPS2.0200

P/E Ratio15.11

Earnings Date07/24/2026

4.41B

Assets

62%

3Y+85.0%

5Y+130.0%

10Y+626.0%

3.95B

Total Liabilities

60%

3Y+78.0%

5Y+133.0%

10Y+636.0%

465.35M

Total Equity

79%

3Y+176.0%

5Y+105.0%

10Y+549.0%

ChoiceOne Financial Services, Inc. Funding & Solvency Profile

COFS · NASDAQ

Current Assets

Cash & Cash Equivalents87.99M

Net Receivables0.00

Inventory0.00

Other Current Assets0.00

Total Current Assets222 M

Non-Current Assets

Property, Plant & Equipment48.11M

Goodwill & Intangible Assets157.84M

Long-Term Investments3.81B

Other Non-Current Assets173.98M

Total Non-Current Assets4 B

Total Assets

4.41B

Financial Health Analysis

Current Ratio

0.06x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

8.48x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-3622760000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

5% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

ChoiceOne Financial Services, Inc. Balance Sheet

COFS • NASDAQ

ChoiceOne Financial Services, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	88M	96.4M	55.4M	43.9M	31.9M	79.5M	59.6M	19.7M	36.8M	14.8M	11.2M	16.7M	20.5M	19M	17.1M	19.1M	10M	9.3M	10.9M	9.9M
Short-Term Investments	134.3M	479.1M	514.6M	529.7M	1.1B	574.8M	339.6M	166.6M	155.6M	174.4M	160.1M	142.5M	136.1M	134.5M	114.3M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	222.3M	575.5M	570M	573.7M	1.1B	654.3M	399.1M	186.3M	192.4M	189.2M	171.3M	159.2M	156.6M	153.5M	131.4M	19.1M	10M	9.3M	10.9M	9.9M
Other Current Assets	0.0	350K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	222.3M	575.9M	570M	573.7M	1.1B	654.3M	399.1M	186.3M	192.4M	189.2M	171.3M	159.2M	156.6M	153.5M	131.4M	19.1M	10M	9.3M	10.9M	9.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	48.1M	27.1M	29.8M	28.2M	29.9M	29.5M	24.3M	15.9M	12.9M	12.6M	11.8M	11.8M	12M	12.1M	12.1M	12.5M	11.9M	11.7M	11.9M	11.6M
Goodwill	129.9M	59.9M	59.9M	59.9M	59.9M	60.5M	52.9M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	13.7M	0.0	0.0
Intangible Assets	28M	1.1M	1.9M	2.8M	4M	5.3M	6M	0.0	0.0	0.0	379K	827K	1.3M	1.7M	2.2M	3M	3.6M	4.1M	0.0	0.0
Goodwill & Intangible Assets	157.8M	61M	61.8M	62.8M	63.9M	65.8M	58.9M	13.7M	13.7M	13.7M	14.1M	14.6M	15M	15.5M	15.9M	16.7M	17.3M	17.8M	18.6M	19.5M
Long-Term Investments	3.8B	1.9B	1.8B	1.6B	1.1B	1.1B	855M	428.7M	402.7M	366.7M	350.1M	344.1M	312.2M	307.5M	316.2M	404.6M	393.1M	400.1M	408M	405.7M
Other Non-Current Assets	174M	120.5M	100M	99.8M	72.5M	56.7M	48.9M	25.9M	24.8M	25.2M	20.4M	20M	18.9M	20.3M	20.4M	27.6M	33.6M	24.6M	20.8M	19.9M
Total Non-Current Assets	4.2B	2.1B	2B	1.8B	1.2B	1.3B	987M	484.3M	454.1M	418.2M	396.4M	390.5M	358M	355.4M	364.5M	461.5M	456M	454.3M	457.5M	454.9M
Total Assets	4.4B	2.7B	2.6B	2.4B	2.4B	1.9B	1.4B	670.5M	646.5M	607.4M	567.7M	549.6M	514.6M	508.9M	495.9M	480.5M	465.9M	463.6M	470.2M	466.7M
LIABILITIES
CURRENT LIABILITIES
Short Term Debt	245M	155M	20M	50M	50M	0.0	33M	4.8M	7.1M	7.9M	9.5M	26.7M	26M	19.6M	43.7M	22.2M	20.7M	37.6M	21.7M	15.5M
Other Current Liabilities	3.6B	2.2B	2.1B	2.1B	2.1B	1.7B	1.2B	577M	539.9M	512.4M	474.7M	434.8M	418.1M	424.2M	403.4M	389.9M	365M	347M	351.8M	366.4M
Total Current Liabilities	3.8B	2.4B	2.1B	2.2B	2.1B	1.7B	1.2B	581.8M	547M	520.3M	484.2M	461.6M	444.2M	443.8M	447.1M	412.1M	385.7M	384.6M	373.6M	381.9M
NON-CURRENT LIABILITIES
Long Term Debt	68.5M	55.8M	215.5M	35.3M	35M	12.4M	198K	5.2M	20.3M	12.3M	11.3M	18.4M	6.4M	420K	8.4M	8.5M	22M	40M	35.9M	23.9M
Other Non-Current Liabilities	31.7M	38M	23.5M	13.8M	7.7M	5.1M	6.2M	3M	2.7M	3.1M	2.4M	3.5M	2.5M	4.2M	-17.5M	5.6M	5.3M	-13.2M	7.5M	9.4M
Total Non-Current Liabilities	100.2M	93.7M	239M	49M	42.7M	17.5M	6.4M	8.3M	23M	15.4M	13.7M	21.9M	8.9M	4.6M	-9.1M	14.1M	27.3M	26.8M	43.5M	33.3M
Capital Lease Obligations	0.0	0.0	395K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	3.9B	2.5B	2.4B	2.2B	2.1B	1.7B	1.2B	590.1M	570M	535.7M	497.9M	483.5M	453M	448.4M	438M	426.2M	413M	411.4M	417M	415.1M
SHAREHOLDERS' EQUITY
Common Stock	398.4M	206.8M	173.5M	172.3M	171.9M	178.8M	162.6M	54.5M	50.3M	46.3M	46.5M	46.6M	46.6M	46.6M	46.6M	0.0	0.0	0.0	0.0	0.0
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	54.5M	50.3M	46.3M	46.5M	46.6M	46.6M	46.6M	46.6M	46.5M	46.3M	46.2M	46M	46.3M
Retained Earnings	102.6M	91.4M	73.7M	68.4M	52.3M	37.5M	28.1M	26.7M	26M	26M	22.1M	18.6M	14.8M	11.5M	8.9M	7M	5.8M	5.9M	6.7M	5.3M
Accumulated Other Comprehensive Income/Loss	-35.7M	-37.8M	-51.6M	-71.8M	-2.6M	11M	1.5M	-55.3M	-50.1M	-46.9M	-45.3M	-45.5M	-46.4M	-44.3M	-44.2M	900K	787K	116K	521K	-19K
Total Stockholders' Equity	465.4M	260.4M	195.6M	168.9M	221.7M	227.3M	192.1M	80.5M	76.6M	71.7M	69.8M	66.2M	61.6M	60.5M	57.9M	54.3M	52.9M	52.2M	53.1M	51.5M
Total Equity	465.4M	260.4M	195.6M	168.9M	221.7M	227.3M	192.1M	80.5M	76.6M	71.7M	69.8M	66.2M	61.6M	60.5M	57.9M	54.3M	52.9M	52.2M	53.1M	51.5M
SUMMARY
Total Liabilities & Equity	4.4B	2.7B	2.6B	2.4B	2.4B	1.9B	1.4B	670.5M	646.5M	607.4M	567.7M	549.6M	514.6M	508.9M	495.9M	480.5M	465.9M	463.6M	470.2M	466.7M
Total Investments	3.9B	2.4B	2.3B	2.2B	2.2B	1.7B	1.2B	595.3M	558.3M	541.1M	510.2M	486.6M	448.2M	442M	430.5M	404.6M	393.1M	400.1M	408M	405.7M
Total Debt	313.5M	210.8M	235.5M	85.3M	85M	12.4M	33.2M	10M	27.4M	20.2M	20.8M	45.1M	32.4M	20M	52.2M	30.7M	42.7M	77.5M	57.6M	39.4M
Net Debt	225.5M	114M	180.1M	41.3M	53.1M	-67.1M	-26.4M	-9.7M	-9.4M	5.4M	9.6M	28.5M	11.9M	958K	35.1M	11.6M	32.7M	68.3M	46.7M	29.4M
Shares Outstanding	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000	15,015,000

SEC Filings

COFS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K/A 8-K/A 2026 (Amended) N/A	May 27, 2026	May 20, 2026	2026	View Filing
S-3 S-3 N/A	May 22, 2026	May 22, 2026		View Filing
8-K 8-K 2026 N/A	May 22, 2026	May 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 20, 2026	May 20, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 24, 2026	April 24, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 13, 2026	May 20, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 13, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 04, 2026	February 04, 2026	2026	View Filing

Showing 1 to 10 of 367 filings

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