2021 Q4 Form 10-Q Financial Statement

#000143774921025702 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $16.73M $15.15M
YoY Change 10.4% 130.93%
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 $3.480M $3.300M $2.000M
YoY Change 51.3% 65.0% 250.88%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.026M $1.089M
YoY Change -5.79% 9.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.130M $6.912M $4.614M
YoY Change 24.85% 49.8% 309.41%
Income Tax $1.120M $1.163M $785.0K
% Of Pretax Income 18.27% 16.83% 17.01%
Net Earnings $5.010M $5.749M $3.829M
YoY Change 22.2% 50.14% 275.02%
Net Earnings / Revenue 34.37% 25.27%
Basic Earnings Per Share $0.75 $0.49
Diluted Earnings Per Share $660.9K $0.75 $0.49
COMMON SHARES
Basic Shares Outstanding 7.574M 7.621M 7.783M
Diluted Shares Outstanding 7.634M 7.790M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.89M $59.78M $117.9M
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 $29.88M $30.01M $29.93M
YoY Change 1.33% 0.29% 95.6%
Goodwill $59.95M $59.95M $60.51M
YoY Change -0.93% -0.93%
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 $2.367B $2.277B $1.829B
YoY Change 23.31% 24.51% 175.62%
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 $35.00M $35.00M $0.00
YoY Change 1029.03%
Other Long-Term Liabilities $7.700M $5.000M $6.500M
YoY Change 50.98% -23.08% 38.3%
Total Long-Term Liabilities $42.70M $40.00M $6.500M
YoY Change 420.73% 515.38% 38.3%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $42.70M $40.00M $6.500M
Total Liabilities $2.145B $2.052B $1.606B
YoY Change 26.77% 27.77% 177.38%
SHAREHOLDERS EQUITY
Retained Earnings $52.33M $49.20M $35.11M
YoY Change 39.59% 40.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $221.7M $225.1M $222.9M
YoY Change
Total Liabilities & Shareholders Equity $2.367B $2.277B $1.829B
YoY Change 23.31% 24.51% 175.62%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $5.010M $5.749M $3.829M
YoY Change 22.2% 50.14% 275.02%
Depreciation, Depletion And Amortization $3.480M $3.300M $2.000M
YoY Change 51.3% 65.0% 250.88%
Cash From Operating Activities $8.140M $12.42M -$14.96M
YoY Change -71.68% -183.02% -605.41%
INVESTING ACTIVITIES
Capital Expenditures -$570.0K -$730.0K -$620.0K
YoY Change 90.0% 17.74% 342.86%
Acquisitions
YoY Change
Other Investing Activities -$122.3M -$203.3M $33.97M
YoY Change -19.82% -698.35% -1551.71%
Cash From Investing Activities -$122.8M -$204.0M $33.34M
YoY Change -19.61% -711.85% -1444.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 86.78M 156.0M 32.70M
YoY Change 1.3% 377.19% 1262.5%
NET CHANGE
Cash From Operating Activities 8.140M 12.42M -14.96M
Cash From Investing Activities -122.8M -204.0M 33.34M
Cash From Financing Activities 86.78M 156.0M 32.70M
Net Change In Cash -27.89M -35.53M 51.08M
YoY Change -27.29% -169.56% 1673.61%
FREE CASH FLOW
Cash From Operating Activities $8.140M $12.42M -$14.96M
Capital Expenditures -$570.0K -$730.0K -$620.0K
Free Cash Flow $8.710M $13.15M -$14.34M
YoY Change -70.01% -191.7% -562.58%

Facts In Submission

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CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37490000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1969000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
11028000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
225055000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
227268000 USD
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2277180000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1919342000 USD
us-gaap Noninterest Expense
NoninterestExpense
37115000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6912000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4614000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20367000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13973000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1163000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
785000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3337000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2460000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
5749000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3829000 USD
us-gaap Net Income Loss
NetIncomeLoss
17029000 USD
us-gaap Net Income Loss
NetIncomeLoss
11513000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.69
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
5749000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3829000 USD
us-gaap Net Income Loss
NetIncomeLoss
17029000 USD
us-gaap Net Income Loss
NetIncomeLoss
11513000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4877000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2316000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9057000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
8825000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-28000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
2000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1033000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4877000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2343000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9059000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7791000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
872000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6173000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7971000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19305000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
202623000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3829000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2343000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
143000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
4000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
48000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15493000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
222925000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
228521000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
5749000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
192139000 USD
us-gaap Net Income Loss
NetIncomeLoss
11513000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7791000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
304000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
11000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
123000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
3000 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
1308000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
461000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-184000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
5715000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
8356000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
162579000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
277281000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
171882000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4877000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
139000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
6000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
84000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2664000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
225055000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15494000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
222925000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
227268000 USD
us-gaap Net Income Loss
NetIncomeLoss
17029000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9059000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
420000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
19000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
260000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5561000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
225055000 USD
us-gaap Net Income Loss
NetIncomeLoss
17029000 USD
us-gaap Net Income Loss
NetIncomeLoss
11513000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
416000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3000000 USD
us-gaap Depreciation
Depreciation
1949000 USD
us-gaap Depreciation
Depreciation
2026000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6989000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
3377000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
596000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
337000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
251554000 USD
cofs Bank Owned Life Insurance Income Operating Activities
BankOwnedLifeInsuranceIncomeOperatingActivities
570000 USD
cofs Bank Owned Life Insurance Income Operating Activities
BankOwnedLifeInsuranceIncomeOperatingActivities
577000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
4000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-7000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
407000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
983000 USD
cofs Proceeds From Costs Capitalized To Other Real Estate
ProceedsFromCostsCapitalizedToOtherRealEstate
0 USD
cofs Proceeds From Costs Capitalized To Other Real Estate
ProceedsFromCostsCapitalizedToOtherRealEstate
-19000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
634000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1257000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2805000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4323000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1797000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-116000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29562000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20256000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
121944000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
39772000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
37587000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
514204000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
183109000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-78067000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
108485000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2193000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1552000 USD
us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
0 USD
us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
35636000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-398558000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97979000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
337572000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
203937000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
34291000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11827000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
33028000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
104000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5561000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
5322000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
4459000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
349257000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
176560000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19739000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
58325000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
79519000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59558000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59780000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117883000 USD
us-gaap Interest Paid Net
InterestPaidNet
2885000 USD
us-gaap Interest Paid Net
InterestPaidNet
3778000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2501000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3608000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
298000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
372000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
550000 USD
CY2021Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7755000 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><span style="text-decoration: underline; ">Use of Estimates</span></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">To prepare financial statem<span style="background-color:#ffffff;">ents in conformity with GAAP, 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; therefore, future results could differ. These estimates and assumptions are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions, including the effects of the COVID-<em style="font: inherit;">19</em> pandemic, and its potential effects on the economic environment, our customers and our operations, as well as any changes to federal, state and local government laws, regulations and orders in connection with the COVID-<em style="font: inherit;">19</em> pandemic.  Actual results <em style="font: inherit;"> may </em>differ from those estimates.</span></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><span style="text-decoration: underline; "><span style="background-color:#ffffff;">Reclassifications </span></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><span style="background-color:#ffffff;">Certain amounts presented in prior periods have been reclassified to conform to the current presentation.</span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </p>
cofs Participating Interest In Loans Losses Or Chargeoffs
ParticipatingInterestInLoansLossesOrChargeoffs
0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
223000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5600000 USD
cofs Stock Repurchased Price Per Share
StockRepurchasedPricePerShare
24.94
CY2021Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
390114
CY2021Q2 cofs Stock Repurchase Program Percent Of Stock Outstanding
StockRepurchaseProgramPercentOfStockOutstanding
0.05 pure
CY2021Q3 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
7898000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
600000 USD
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
79000 USD
CY2021Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
8419000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
2836000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
60000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
-0 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2896000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1025621000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
11901000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9407000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1028115000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
560828000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14856000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
897000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
574787000 USD
CY2021Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
5956000 USD
CY2021Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
964458000 USD
CY2021Q3 cofs Financing Receivable Acquired With Deteriorated Credit Quality
FinancingReceivableAcquiredWithDeterioratedCreditQuality
17943000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
988357000 USD
CY2020Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5750000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
343000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
53000 USD
CY2020Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1225000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6685000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4057000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
551000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7593000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
179000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3000000 USD
CY2021Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
8419000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2896000 USD
CY2021Q3 cofs Debt Securities Availableforsale And Equity Securities Fvni Maturity Rolling Within One Year Fair Value
DebtSecuritiesAvailableforsaleAndEquitySecuritiesFVNIMaturityRollingWithinOneYearFairValue
40428000 USD
CY2021Q3 cofs Debt Securities Availableforsale And Equity Securities Fvni Maturity Rolling After One Through Five Years Fair Value
DebtSecuritiesAvailableforsaleAndEquitySecuritiesFVNIMaturityRollingAfterOneThroughFiveYearsFairValue
221258000 USD
CY2021Q3 cofs Debt Securities Availableforsale And Equity Securities Fvni Maturity Rolling After Five Through Ten Years Fair Value
DebtSecuritiesAvailableforsaleAndEquitySecuritiesFVNIMaturityRollingAfterFiveThroughTenYearsFairValue
683387000 USD
CY2021Q3 cofs Available For Sale Securities Debt And Equity Securities Fv Ni Maturities Rolling After Year Ten Fair Value
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233000 USD
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1 pure
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493000 USD
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8 pure
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3141000 USD
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3141000 USD
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0 pure
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0 USD
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0 USD
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3 pure
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FinancingReceivableModificationsPreModificationRecordedInvestment2
1733000 USD
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1733000 USD
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54000 USD
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56000 USD
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1558000 USD
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4000 USD
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3642000 USD
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ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
21000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7730135
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5200000 USD
CY2020Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
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3049000 USD
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129000 USD
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7755000 USD
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ImpairedFinancingReceivableInterestIncomeAccrualMethod
215000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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2015000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
16000 USD
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3409000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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5749000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
3829000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
17029000 USD
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11513000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7621423
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7783005
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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87000 USD
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5424000 USD
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103000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
988357000 USD
CY2021Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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0 USD
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LoansAndLeasesReceivableNetOfDeferredIncome
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0 USD
CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1731000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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7429765
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1.55
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5749000 USD
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3829000 USD
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17029000 USD
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11513000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7621423
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7783005
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7730135
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7429765
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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12644
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7460
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13766
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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7888
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0.49
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2.20
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7634067
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7790465
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7743901
us-gaap Earnings Per Share Diluted
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1.55
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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1028115000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7437653
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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2748000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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2490000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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8003000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6601000 USD
CY2021Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1970000 USD
CY2020Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3835000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
7047000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
10408000 USD
CY2021Q3 us-gaap Noninterest Income
NoninterestIncome
4718000 USD
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
6326000 USD
us-gaap Noninterest Income
NoninterestIncome
15050000 USD
us-gaap Noninterest Income
NoninterestIncome
17009000 USD

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