ChoiceOne Financial Services, Inc. (COFS) financial statements (2020 and earlier)

Company profile

Business Address 109 E DIVISION
SPARTA, MI 49345-0186
State of Incorp. MI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19203715111720
Cash and cash equivalents17203715111720
Short-term investments2      
Disposal group, including discontinued operation     2 
Total current assets:19203715111920
Noncurrent Assets
Property, plant and equipment15161313121212
Intangible assets, net (including goodwill)14141414141515
Goodwill14141414141414
Intangible assets, net (excluding goodwill)    011
Total noncurrent assets:29302726262627
Other undisclosed assets616621583566531504467
TOTAL ASSETS:664671647607568550515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 527202045 
Total current liabilities: 527202045 
Noncurrent Liabilities
Other undisclosed liabilities579585543516477439453
Total liabilities:579590570536498483453
Stockholders' equity
Stockholders' equity attributable to parent, including:85807772706662
Accumulated other comprehensive income (loss)3(1)0(1)110
Retained earnings26272626221915
Other undisclosed stockholders' equity attributable to parent55555046474747
Total stockholders' equity:85807772706662
TOTAL LIABILITIES AND EQUITY:664671647607568550515

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues252628272625 
Net investment income202522201919 
Financial services revenue6776 
Cost of revenue (0)(0) (0)(0)(0)
Provision for loan, lease, and other losses (0)
Financial services costs(0) (0)(0)(0)
Gross profit:252628272625(0)
Operating expenses(0)(7)(16)(17)(16)(15)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
2      
Other undisclosed operating loss(2)      
Operating income (loss):251911111010(10)
Nonoperating income000 110
Investment income, nonoperating     0 
Gains on sales of other real estate     00
Bank owned life insurance income000 100
Interest and debt expense(4)(2)(1)(1)(1)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(15)(8)(2)(1)(2)(2)18
Income from continuing operations before income taxes:7898887
Income tax expense(1)(1)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:6766665

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:6766665
Other comprehensive income (loss)6(1)1(2)01(2)
Comprehensive income, net of tax, attributable to parent:12774673

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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