ChoiceOne Financial Services reports financial snapshot as of June 30, 2023

CHOICEONE FINANCIAL SERVICES INC

Total assets $2.48B, deposits $2.09B, gross loans $1.27B as of June 30, 2023.
Annualized ROAA 0.90%, ROAE 12.75%; CET1 ratio 10.5%.
NPAs/total assets 0.07%, net charge-offs 1 bps trailing 12 months.
Loan-to-deposit ratio 61%; core deposits 89%, noninterest-bearing 26%.
Uses $401M notional interest rate swaps and $160M BTFP borrowing.

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