Choiceone Financial Services Income Statement (2024-2025) | COFS

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Income Statement Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025
Revenue & Cost
Provisions (Quarter) 0.42M0.88M13.16M0.65M0.20M1.10M
Revenue (Quarter) 2.96M3.17M3.35M3.29M3.65M4.82M5.29M5.24M
Interest income
Interest income - Loans (Quarter) 20.79M21.97M23.25M23.57M32.64M46.53M47.12M46.62M
Interest Income - Debt Securities (Quarter) 5.35M1.20M5.56M1.35M1.71M2.38M2.81M14.00M
Other interest income (Quarter) 0.89M1.09M1.47M1.23M1.18M0.73M0.91M0.69M
Interest Income - Total (Quarter) 28.43M29.94M31.69M31.04M39.96M53.92M54.70M54.38M
Interest expenses
Interest Expense - Deposits (Quarter) 8.78M8.32M8.36M8.71M10.72M14.84M14.29M14.13M
Interest Expense - Debt (Quarter) 0.44M0.46M0.47M0.67M2.05M1.66M1.93M2.56M
Interest Expense - Others (Quarter) 2.74M2.79M2.61M2.31M0.88M1.10M0.89M0.84M
Interest Expenses (Quarter) 11.96M11.57M11.44M11.69M13.65M17.60M17.10M17.54M
Interest Income - Net (Quarter) 16.47M18.37M20.25M19.35M26.31M36.32M37.60M36.84M
Non-interest income
Interest Income - Total (Quarter) 16.47M18.37M19.82M19.15M13.15M35.67M37.40M36.04M
Financial Services Fees (Quarter) 0.20M0.19M0.18M0.17M0.29M0.54M0.48M0.59M
Service Charges (Quarter) 1.14M1.15M1.25M1.24M1.18M1.40M1.73M1.68M
Investment Banking Income (Quarter) 0.45M0.53M0.63M0.83M0.44M0.35M0.67M0.51M
Income - Trust (Quarter) 0.21M0.22M0.23M0.24M0.51M0.60M0.73M0.69M
Card Income (Quarter) 1.52M1.49M2.13M2.09M
Other Non-Interest Income (Quarter) 1.09M0.20M0.64M1.42M1.27M0.44M0.41M4.95M
Non-Interest Income (Quarter) 4.05M4.08M4.87M4.99M4.92M6.50M7.14M6.10M
Operating Items
Amortization - Intangibles (Quarter) 0.20M1.41M0.20M5.01M1.41M1.39M1.73M1.68M
Research & Development (Quarter) 1.34M1.47M1.60M1.50M2.00M2.44M2.50M2.37M
Wages, Salaries and Other (Quarter) 0.61M0.59M0.61M8.94M10.32M13.73M14.13M0.78M
Rent Expense (Quarter) 1.46M1.48M1.48M1.38M1.72M2.43M2.69M2.47M
Restructuring Costs (Quarter) 0.65M0.39M17.20M0.17M
Other Operating Expenses (Quarter) -14.14M9.08M8.23M30.78M10.49M13.67M16.68M13.00M
Operating Expenses (Quarter) 13.68M14.28M15.42M15.34M35.66M25.51M26.21M25.35M
EBIT (Quarter) 18.80M19.75M20.71M20.49M-3.95M34.27M35.43M34.32M
Net income details
EBT (Quarter) 6.84M8.18M9.27M8.80M-17.59M16.67M18.33M16.79M
Tax Provisions (Quarter) 1.21M1.59M1.93M1.64M-3.69M3.13M3.65M2.92M
Profit After Tax (Quarter) 5.63M6.59M7.35M7.16M-13.91M13.53M14.68M13.87M
Equity Income (Quarter) 0.04M-0.07M0.28M-0.05M0.11M0.24M0.46M-0.20M
Income from Continuing Operations (Quarter) 5.63M6.59M7.35M7.16M-13.91M13.53M14.68M13.87M
Consolidated Net Income (Quarter) 5.63M6.59M7.35M7.16M-13.91M13.53M14.68M13.87M
Income towards Parent Company (Quarter) 5.63M6.59M7.35M7.16M-13.91M13.53M14.68M13.87M
Net Income towards Common Stockholders (Quarter) 5.63M6.59M7.35M7.16M-13.91M13.53M14.68M13.87M
Additional items
EPS (Basic) (Quarter) 0.750.870.860.79-1.300.900.980.97
EPS (Weighted Average and Diluted) (Quarter) 0.740.870.850.79-1.290.900.970.96
Shares Outstanding (Weighted Average) (Quarter) 7.55M7.56M7.90M8.17M10.68M12.85M13.58M13.94M
EBITDA (Quarter) 18.80M19.75M20.71M20.49M-3.95M34.27M35.43M34.32M
Tax Rate (Quarter) 17.64%19.45%20.76%18.64%20.97%18.81%19.89%17.40%