ChoiceOne Financial Services, Inc. (COFS) financial statements (2021 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)

12/31/2019
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 investments62203715111720
Cash and cash equivalents60203715111720
Short-term investments3      
Disposal group, including discontinued operation     2 
Total current assets:62203715111920
Noncurrent Assets
Property, plant and equipment24161313121212
Intangible assets, net (including goodwill)53141414141515
Goodwill53141414141414
Intangible assets, net (excluding goodwill)    011
Total noncurrent assets:77302726262627
Other undisclosed assets1,247621583566531504467
TOTAL ASSETS:1,386671647607568550515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt33527202045 
Total current liabilities:33527202045 
Noncurrent Liabilities
Other undisclosed liabilities1,161585543516477439453
Total liabilities:1,194590570536498483453
Stockholders' equity
Stockholders' equity attributable to parent, including:192807772706662
Accumulated other comprehensive income (loss)1(1)0(1)110
Retained earnings28272626221915
Other undisclosed stockholders' equity attributable to parent163555046474747
Total stockholders' equity:192807772706662
TOTAL LIABILITIES AND EQUITY:1,386671647607568550515

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues352628272625 
Net investment income322522201919 
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:352628272625(0)
Operating expenses(11)(7)(16)(17)(16)(15)(10)
Operating income (loss):241911111010(10)
Nonoperating income100 110
Investment income, nonoperating     0 
Gains on sales of other real estate     00
Bank owned life insurance income100 100
Interest and debt expense(5)(2)(1)(1)(1)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(11)(8)(2)(1)(2)(2)18
Income from continuing operations before income taxes:8898887
Income tax expense(1)(1)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:7766665

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:7766665
Other comprehensive income (loss)2(1)1(2)01(2)
Comprehensive income, net of tax, attributable to parent:9774673

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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