ChoiceOne Financial Services, Inc.
COFS Financial Banks Regional
ChoiceOne Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $227.6 million, up 63.6% from fiscal 2024. In the quarter to June 2026, revenue fell 2.56%, EPS fell 7.78%, free cash flow grew 165.2% and total debt rose 39.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
14.81 | 36.84 | 19.69 | 59.56 | 79.52 | 31.89 | 43.94 | 55.43 | 96.75 | 87.99 |
Total current assets |
381.51 | 432.77 | 424.92 | 860.64 | 1,154.52 | 1,050.40 | 1,230.94 | 1,455.11 | 1,633.13 | 3,081.66 |
Property, Plant, Equpment (Net) |
12.59 | 12.86 | 15.88 | 24.27 | 29.49 | 29.88 | 28.23 | 29.75 | 27.10 | 48.11 |
Long-Term Investments |
177.96 | 159.16 | 173.02 | 348.89 | 585.69 | 1,116.27 | 972.80 | 939.58 | 896.12 | 980.08 |
Goodwill and Intangible Assets (Total) |
13.73 | 13.73 | 13.73 | 58.88 | 65.78 | 63.91 | 62.76 | 61.80 | 61.04 | 161.00 |
Long-term assets (Other) |
21.59 | 28.04 | 43.00 | 93.46 | 83.88 | 106.23 | 91.19 | 90.47 | 105.85 | 139.70 |
Total non-current assets |
225.87 | 213.78 | 245.62 | 525.48 | 764.83 | 1,316.28 | 1,154.98 | 1,121.60 | 1,090.12 | 1,328.89 |
Total Assets |
607.37 | 646.54 | 670.54 | 1,386.13 | 1,919.34 | 2,366.68 | 2,385.92 | 2,576.71 | 2,723.24 | 4,410.55 |
Notes Payable |
7.91 | 7.15 | 4.80 | — | — | — | — | — | — | — |
Accounts Payable |
512.39 | 539.85 | 577.02 | 1,154.60 | 1,674.58 | 2,052.29 | 2,118.00 | 2,122.06 | 2,214.10 | 3,600.03 |
Total current liabilities |
520.30 | 547.00 | 581.82 | 1,154.60 | 1,674.58 | 2,052.29 | 2,118.00 | 2,122.06 | 2,214.10 | 3,600.03 |
Long Term Debt (Total) |
12.30 | 20.27 | 5.23 | 33.20 | 12.42 | 85.02 | 85.26 | 235.51 | 210.75 | 313.25 |
Non-current Liabilities (Other) |
3.07 | 2.73 | 3.02 | 6.19 | 5.08 | 7.70 | 13.78 | 23.51 | 37.97 | 31.93 |
Total non-current liabilities |
15.37 | 22.99 | 8.25 | 39.39 | 17.50 | 92.72 | 99.04 | 259.02 | 248.73 | 345.17 |
Total liabilities |
535.67 | 569.99 | 590.07 | 1,193.99 | 1,692.07 | 2,145.01 | 2,217.04 | 2,381.07 | 2,462.83 | 3,945.20 |
Common Stock (Net) |
46.30 | 50.29 | 54.52 | 162.61 | 178.75 | 171.91 | 172.28 | 173.51 | 206.78 | 398.39 |
Retained Earnings |
26.00 | 26.02 | 26.69 | 28.05 | 37.49 | 52.33 | 68.39 | 73.70 | 91.41 | 102.64 |
Common Equity (Total) |
71.70 | 76.55 | 80.48 | 192.14 | 227.27 | 221.67 | 168.87 | 195.63 | 260.42 | 465.35 |
Shareholders Equity (Total) |
71.70 | 76.55 | 80.48 | 192.14 | 227.27 | 221.67 | 168.87 | 195.63 | 260.42 | 465.35 |
Shareholders Equity and Liabilities (Total) |
607.37 | 646.54 | 670.54 | 1,386.13 | 1,919.34 | 2,366.68 | 2,385.92 | 2,576.71 | 2,723.24 | 4,410.55 |
Shares (Common) |
3.28 | 3.45 | 3.62 | 7.25 | 7.80 | 7.51 | 7.52 | 7.55 | 8.97 | 15.00 |
Shareholders Equity (Tangible) |
57.97 | 62.82 | 66.75 | 133.26 | 161.49 | 157.76 | 106.12 | 133.83 | 199.37 | 304.35 |
Net Debt |
(2.51) | (16.57) | (14.46) | (26.36) | (67.10) | 53.13 | 41.32 | 180.07 | 114.00 | 225.26 |
Total Debt |
12.30 | 20.27 | 5.23 | 33.20 | 12.42 | 85.02 | 85.26 | 235.51 | 210.75 | 313.25 |