secwatch.observer — SEC 8-K summary
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Issuer:     CHOICEONE FINANCIAL SERVICES INC (COFS)
CIK:        0000803164
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000905729-23-000127
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803164/000090572923000127/0000905729-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803164/000090572923000127/choice8k_090623.htm
  HTML page:      https://secwatch.observer/filing/0000905729-23-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer