Choiceone Financial Services (COFS) Interest Expense - Deposits (2010 - 2026)
Choiceone Financial Services (COFS) recorded Interest Expense - Deposits of $14.34 million in Q2 2026, down 3.4% from $14.84 million a year earlier but up 4.3% from the prior quarter.
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Analysis
Choiceone Financial Services (COFS) Interest Expense - Deposits (2010 - 2026) Analysis & Trends
On a TTM basis, Choiceone Financial Services' Interest Expense - Deposits came in at $56.5 million as of Jun 30, 2026, up 32.5% year-over-year; for FY2025, it came in at $53.97 million, up 57.9% from FY2024.
- Annual Interest Expense - Deposits has increased for four straight years, with a five-year compound annual growth rate of 66.8% (FY2020 to FY2025).
- Across earlier years, Interest Expense - Deposits came in at $34.17 million in FY2024 (+42.5%), $23.99 million in FY2023 (+310.4%), $5.85 million in FY2022 (+76.9%) and $3.31 million in FY2021 (-20.9%).
- Quarterly Interest Expense - Deposits has ranged from $749,000 in Q4 2021 to $14.84 million in Q2 2025 over the past five years.
- On a year-over-year basis, Interest Expense - Deposits rose in seven of the last eight quarters, with growth averaging 34.7%.
- Peak year-over-year performance for Interest Expense - Deposits in the last five years was growth of 407.6% in Q2 2023, against a decline of 21.1% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $13.75 million (Q1 2026), $14.13 million (Q4 2025) and $14.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 10.76 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 7.37 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 2.70 Bn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 7.85 Bn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 3.48 Bn |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 5.10 Bn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 5.52 Bn |
| 10 | Choiceone Financial Services | 483.05 Mn | 85.44 Mn | - | 14.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.34 Mn |
| Mar 31, 2026 | 13.75 Mn |
| Dec 31, 2025 | 14.13 Mn |
| Sep 30, 2025 | 14.29 Mn |
| Jun 30, 2025 | 14.84 Mn |
| Mar 31, 2025 | 10.72 Mn |
| Dec 31, 2024 | 8.71 Mn |
| Sep 30, 2024 | 8.36 Mn |
| Jun 30, 2024 | 8.33 Mn |
| Mar 31, 2024 | 8.78 Mn |
| Dec 31, 2023 | 8.42 Mn |
| Sep 30, 2023 | 7.24 Mn |
| Jun 30, 2023 | 5.06 Mn |
| Mar 31, 2023 | 3.28 Mn |
| Dec 31, 2022 | 2.50 Mn |
| Sep 30, 2022 | 1.56 Mn |
| Jun 30, 2022 | 996,000.00 |
| Mar 31, 2022 | 783,000.00 |
| Dec 31, 2021 | 749,000.00 |
| Sep 30, 2021 | 837,000.00 |
API Access
Choiceone Financial Services Interest Expense - Deposits API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-deposits&ticker=COFS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "ticker": "COFS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-deposits&ticker=COFS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();