$COFS
ChoiceOne Financial Services Inc

2024 Q3 Form 10-Q Financial Statement

#000114036124037183 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $3.351M
YoY Change 14.13%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.273M
YoY Change 49.52%
Income Tax $1.925M
% Of Pretax Income 20.76%
Net Earnings $7.348M
YoY Change 43.46%
Net Earnings / Revenue 219.28%
Basic Earnings Per Share $0.86
Diluted Earnings Per Share $0.85
COMMON SHARES
Basic Shares Outstanding 8.957M
Diluted Shares Outstanding 8.616M

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $145.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $27.14M
YoY Change -8.41%
Goodwill $59.95M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.726B
YoY Change 5.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $35.69M
YoY Change 0.82%
Other Long-Term Liabilities $24.34M
YoY Change -45.18%
Total Long-Term Liabilities $60.03M
YoY Change -24.78%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $60.03M
Total Liabilities $2.478B
YoY Change 3.56%
SHAREHOLDERS EQUITY
Retained Earnings $86.77M
YoY Change 23.17%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $247.7M
YoY Change
Total Liabilities & Shareholders Equity $2.726B
YoY Change 5.9%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $7.348M
YoY Change 43.46%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Goodwill
Goodwill
59946000
CY2023Q4 us-gaap Other Assets
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45273000
CY2024Q2 us-gaap Assets
Assets
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CY2023Q4 us-gaap Noninterest Bearing Deposit Liabilities
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CY2024Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
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CY2024Q2 cofs Brokered Deposits
BrokeredDeposits
27177000
CY2023Q4 cofs Brokered Deposits
BrokeredDeposits
23445000
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
36239000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
23510000
CY2024Q2 us-gaap Liabilities
Liabilities
2408548000
CY2023Q4 us-gaap Liabilities
Liabilities
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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100000
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2024Q2 us-gaap Common Stock No Par Value
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CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2024Q2 us-gaap Common Stocks Including Additional Paid In Capital
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CY2023Q4 us-gaap Common Stocks Including Additional Paid In Capital
CommonStocksIncludingAdditionalPaidInCapital
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CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81836000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
195634000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2024Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
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CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2623067000
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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CY2024Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
5471000
CY2023Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
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us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
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us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
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CY2024Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
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CY2023Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
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us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
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us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
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OtherInterestAndDividendIncome
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us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
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us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
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CY2024Q2 us-gaap Interest Expense Other
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CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
1548000
us-gaap Interest Expense Other
InterestExpenseOther
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us-gaap Interest Expense Other
InterestExpenseOther
2053000
CY2024Q2 us-gaap Interest Expense
InterestExpense
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CY2023Q2 us-gaap Interest Expense
InterestExpense
7225000
us-gaap Interest Expense
InterestExpense
23531000
us-gaap Interest Expense
InterestExpense
11611000
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
16091000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34845000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33103000
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
272000
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-106000
CY2024Q2 cofs Provision For Credit Losses On Unfunded Commitments
ProvisionForCreditLossesOnUnfundedCommitments
272000
CY2023Q2 cofs Provision For Credit Losses On Unfunded Commitments
ProvisionForCreditLossesOnUnfundedCommitments
-165000
cofs Provision For Credit Losses On Unfunded Commitments
ProvisionForCreditLossesOnUnfundedCommitments
675000
CY2024Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0
CY2023Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-225000
CY2024Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
18371000
CY2023Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
33328000
CY2024Q2 cofs Customer Service Charges
CustomerServiceCharges
2662000
CY2023Q2 cofs Customer Service Charges
CustomerServiceCharges
2271000
cofs Customer Service Charges
CustomerServiceCharges
5067000
cofs Customer Service Charges
CustomerServiceCharges
4538000
CY2024Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
190000
CY2023Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
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us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
388000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
368000
CY2024Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
525000
CY2023Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
540000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
979000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
943000
CY2024Q2 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2023Q2 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2024Q2 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
11000
CY2023Q2 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
133000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
12000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
136000
CY2024Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
305000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
800000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
532000
CY2024Q2 cofs Trust Income
TrustIncome
220000
CY2023Q2 cofs Trust Income
TrustIncome
196000
cofs Trust Income
TrustIncome
433000
cofs Trust Income
TrustIncome
380000
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-71000
CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-385000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-36000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
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CY2024Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
241000
CY2023Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
289000
us-gaap Noninterest Income Other
NoninterestIncomeOther
491000
us-gaap Noninterest Income Other
NoninterestIncomeOther
581000
CY2024Q2 us-gaap Noninterest Income
NoninterestIncome
4083000
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
3485000
us-gaap Noninterest Income
NoninterestIncome
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CY2024Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2024Q2 us-gaap Occupancy Net
OccupancyNet
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CY2023Q2 us-gaap Occupancy Net
OccupancyNet
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CY2023Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1681000
us-gaap Occupancy Net
OccupancyNet
3150000
CY2024Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1780000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3450000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3363000
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
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CY2023Q2 us-gaap Professional Fees
ProfessionalFees
619000
us-gaap Professional Fees
ProfessionalFees
1208000
CY2024Q2 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
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CY2023Q2 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
197000
us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
346000
us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
388000
CY2024Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
199000
CY2023Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
155000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
349000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
304000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
203000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
253000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
406000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
505000
CY2024Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
390000
CY2023Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
220000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
765000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
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CY2024Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
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CY2023Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
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us-gaap Other Noninterest Expense
OtherNoninterestExpense
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us-gaap Other Noninterest Expense
OtherNoninterestExpense
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CY2024Q2 us-gaap Noninterest Expense
NoninterestExpense
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CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
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us-gaap Noninterest Expense
NoninterestExpense
27962000
us-gaap Noninterest Expense
NoninterestExpense
27568000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8176000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q2 us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeBeforeTax
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CY2023Q2 cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Before Tax
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cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeBeforeTax
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cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeBeforeTax
-731000
CY2024Q2 cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeTax
-349000
cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeTax
-1467000
cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeTax
-153000
CY2024Q2 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Before Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossBeforeTax
0
CY2023Q2 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Before Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossBeforeTax
0
us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Before Tax
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0
us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Before Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossBeforeTax
0
CY2024Q2 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossTax
0
CY2023Q2 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossTax
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us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossTax
0
us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossTax
0
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1459000
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1371000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3160000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7432000
CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodBeforeTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodBeforeTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodBeforeTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodBeforeTax
0
CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodTax
0
CY2024Q2 cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Before Tax
OciDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAociForAmortizationOfNetUnrealizedGainLossBeforeTax
-56000
CY2023Q2 cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Before Tax
OciDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAociForAmortizationOfNetUnrealizedGainLossBeforeTax
-165000
cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Before Tax
OciDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAociForAmortizationOfNetUnrealizedGainLossBeforeTax
-112000
cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Before Tax
OciDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAociForAmortizationOfNetUnrealizedGainLossBeforeTax
-194000
CY2024Q2 cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Tax
OCIDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAOCIForAmortizationOfNetUnrealizedGainLossTax
-12000
CY2023Q2 cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Tax
OCIDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAOCIForAmortizationOfNetUnrealizedGainLossTax
-35000
cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Tax
OCIDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAOCIForAmortizationOfNetUnrealizedGainLossTax
-24000
cofs Oci Debt Securities Transfer To Heldtomaturity From Availableforsale Adjustment From Aoci For Amortization Of Net Unrealized Gain Loss Tax
OCIDebtSecuritiesTransferToHeldtomaturityFromAvailableforsaleAdjustmentFromAOCIForAmortizationOfNetUnrealizedGainLossTax
-41000
CY2024Q2 cofs Oci Debt Securities Heldtomaturity Unrealized Gain Loss After Adjustment And Tax Total
OciDebtSecuritiesHeldtomaturityUnrealizedGainLossAfterAdjustmentAndTaxTotal
44000
CY2023Q2 cofs Oci Debt Securities Heldtomaturity Unrealized Gain Loss After Adjustment And Tax Total
OciDebtSecuritiesHeldtomaturityUnrealizedGainLossAfterAdjustmentAndTaxTotal
130000
cofs Oci Debt Securities Heldtomaturity Unrealized Gain Loss After Adjustment And Tax Total
OciDebtSecuritiesHeldtomaturityUnrealizedGainLossAfterAdjustmentAndTaxTotal
88000
cofs Oci Debt Securities Heldtomaturity Unrealized Gain Loss After Adjustment And Tax Total
OciDebtSecuritiesHeldtomaturityUnrealizedGainLossAfterAdjustmentAndTaxTotal
153000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1719000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
6019000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
7805000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
3123000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
361000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1264000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1639000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
656000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
CY2024Q2 cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationBeforeTax
-205000
CY2023Q2 cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationBeforeTax
-887000
cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationBeforeTax
-1092000
cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationBeforeTax
-1043000
CY2023Q2 cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationTax
-186000
cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationTax
-229000
cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationTax
-219000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1520000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
5456000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
7029000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3291000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3023000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6957000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10277000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10876000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9609000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21722000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
160828000
us-gaap Net Income Loss
NetIncomeLoss
10846000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10876000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22497000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
297000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
14000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
292000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3913000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
195634000
us-gaap Net Income Loss
NetIncomeLoss
12220000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10277000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
115000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
22000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
334000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4083000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
214519000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
168712000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5213000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6957000
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
7000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
159000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1958000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
179240000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
206756000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
6586000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3023000
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
11000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2044000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
214519000
us-gaap Net Income Loss
NetIncomeLoss
12220000
us-gaap Net Income Loss
NetIncomeLoss
10846000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-225000
us-gaap Depreciation
Depreciation
1272000
us-gaap Depreciation
Depreciation
1230000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4810000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4970000
us-gaap Share Based Compensation
ShareBasedCompensation
576000
us-gaap Share Based Compensation
ShareBasedCompensation
487000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-36000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-322000
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
979000
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
943000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
29067000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
29192000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
28400000
cofs Bank Owned Life Insurance Income Operating Activities
BankOwnedLifeInsuranceIncomeOperatingActivities
532000
cofs Earning On Death Benefit From Bank Owned Life Insurance
EarningOnDeathBenefitFromBankOwnedLifeInsurance
196000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
231000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6601000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31050000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25163000
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
0
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
42000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
15159000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
15086000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
5091000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
768000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
676000
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
33000
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
98000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
700000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
597000
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1000
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
4849000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
27232000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
74553000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
490000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
794000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2212000
cofs Payments For Derivative Contracts Settlements
PaymentsForDerivativeContractsSettlements
0
cofs Payments For Derivative Contracts Settlements
PaymentsForDerivativeContractsSettlements
4191000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
59000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-794000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
13557000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5856000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4010000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66884000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
4624000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-31615000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
10073000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
110000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
115000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
116000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
220000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
us-gaap Payments Of Dividends
PaymentsOfDividends
4083000
us-gaap Payments Of Dividends
PaymentsOfDividends
3913000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10509000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74588000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
55433000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43943000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
101002000
us-gaap Interest Paid Net
InterestPaidNet
24686000
us-gaap Interest Paid Net
InterestPaidNet
10269000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2750000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2900000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
150000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
266000
us-gaap Use Of Estimates
UseOfEstimates
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><span style="text-decoration: underline;">Use of Estimates</span></div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, ChoiceOne’s management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. These estimates and assumptions are subject to many risks and uncertainties, and actual results may differ from these estimates. Estimates associated with the allowance for credit losses and the unrealized gains and losses on securities available for sale and held to maturity are particularly susceptible to change.</div>
CY2021Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
375388
CY2021Q2 cofs Stock Repurchase Program Percent Of Stock Outstanding
StockRepurchaseProgramPercentOfStockOutstanding
0.05
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
cofs Number Of Days Individually Evaluation
NumberOfDaysIndividuallyEvaluation
P60D
CY2024Q2 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
7993000
CY2023 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
667000
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
7505000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
557310000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
26000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
65666000
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
491670000
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
392699000
CY2024Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
25000
CY2024Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
60141000
CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
332583000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
584239000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
69655000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
514598000
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
35000
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
266000
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
757000
CY2024Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
7502000
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
7960000
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
212000
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
407959000
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
59203000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
348791000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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OtherAssets
58938000
CY2023Q4 us-gaap Assets
Assets
2576706000
CY2023Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1550985000
CY2024Q2 us-gaap Deposits
Deposits
2126679000
CY2023Q4 us-gaap Deposits
Deposits
2122055000
CY2024Q2 cofs Borrowings
Borrowings
210000000
CY2023Q4 cofs Borrowings
Borrowings
200000000
CY2024Q2 us-gaap Subordinated Debt
SubordinatedDebt
35630000
CY2023Q4 us-gaap Subordinated Debt
SubordinatedDebt
35507000
CY2024Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
21971000
CY2023Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
571000
CY2024Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
29944000
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
23316000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
58376000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
44714000
CY2024Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
8325000
CY2023Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5056000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
17102000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
8332000
CY2024Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
463000
CY2023Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
621000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
904000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
1226000
cofs Provision For Credit Losses On Unfunded Commitments
ProvisionForCreditLossesOnUnfundedCommitments
119000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
34845000
CY2023Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
269000
us-gaap Noninterest Income
NoninterestIncome
7156000
us-gaap Occupancy Net
OccupancyNet
2939000
us-gaap Professional Fees
ProfessionalFees
1240000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2070000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2023Q2 cofs Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Available For Sale Securities Fair Value Hedge Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForAvailableForSaleSecuritiesFairValueHedgeTax
-1417000
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForInvestmentTransferredFromAvailableForSaleToEquityMethodTax
0
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
CY2024Q2 cofs Other Comprehensive Income Loss Cash Flow Hedge Amortization Of Net Unrealized Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfNetUnrealizedGainLossReclassificationTax
-43000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12170000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
179240000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
162000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
25684000
cofs Bank Owned Life Insurance Income Operating Activities
BankOwnedLifeInsuranceIncomeOperatingActivities
604000
cofs Earning On Death Benefit From Bank Owned Life Insurance
EarningOnDeathBenefitFromBankOwnedLifeInsurance
0
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
17962000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45569000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32867000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76810000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><span style="text-decoration: underline;">Reclassifications</span></div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">Certain amounts presented in prior periods have been reclassified to conform to the current presentation.</div>
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
14000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
69626000
CY2024Q2 cofs Debt Securities Availableforsale And Equity Securities Fvni Maturity Rolling Within One Year Fair Value
DebtSecuritiesAvailableforsaleAndEquitySecuritiesFVNIMaturityRollingWithinOneYearFairValue
13852000
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-385000
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-36000
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15625000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
271000
CY2024Q2 cofs Financing Receivable Troubled Loan Modification Amortized Cost
FinancingReceivableTroubledLoanModificationAmortizedCost
123000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10846000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22720
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2024Q2 us-gaap Noninterest Income
NoninterestIncome
4083000

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