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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 622037151117
Cash and cash equivalents 602037151117
Short-term investments 3     
Disposal group, including discontinued operation      2
Total current assets: 622037151119
Noncurrent Assets
Property, plant and equipment 241613131212
Intangible assets, net (including goodwill) 531414141415
Goodwill 531414141414
Intangible assets, net (excluding goodwill)     01
Total noncurrent assets: 773027262626
Other undisclosed assets 1,247621583566531504
TOTAL ASSETS: 1,386671647607568550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 33527202045
Total current liabilities: 33527202045
Noncurrent Liabilities
Other undisclosed liabilities 1,161585543516477439
Total liabilities: 1,194590570536498483
Stockholders' equity
Stockholders' equity attributable to parent, including: 1928077727066
Accumulated other comprehensive income (loss) 1(1)0(1)11
Retained earnings 282726262219
Other undisclosed stockholders' equity attributable to parent 1635550464747
Total stockholders' equity: 1928077727066
TOTAL LIABILITIES AND EQUITY: 1,386671647607568550

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 352628272625
Net investment income 322522201919
Financial services revenue6776
Cost of revenue  (0)(0) (0)(0)
Provision for loan, lease, and other losses  (0)
Financial services costs(0) (0)(0)
Gross profit: 352628272625
Operating expenses (11)(7)(16)(17)(16)(15)
Operating income: 241911111010
Nonoperating income 100 11
Investment income, nonoperating      0
Bank owned life insurance income 100 10
Interest and debt expense (5)(2)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes (11)(8)(2)(1)(2)(2)
Income from continuing operations before income taxes: 889888
Income tax expense (1)(1)(2)(2)(2)(2)
Net income available to common stockholders, diluted: 776666

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 776666
Other comprehensive income (loss) 2(1)1(2)01
Comprehensive income, net of tax, attributable to parent: 977467

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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