ChoiceOne Q3 2023 snapshot: $2.57B assets, 12.28% ROAE, 5.3% dividend yield

CHOICEONE FINANCIAL SERVICES INC

As of 9/30/23: total assets $2.574B, deposits $2.133B, gross loans $1.315B; market cap $148M.
Annualized ROAE 12.28%, ROAA 0.87%, NIM (tax-equivalent) 2.70%, efficiency ratio 65.74%.
Core loan growth of 13.6% trailing 12 months; NPLs/loans only 0.14%, Texas ratio 1.93%.
Adopted CECL Jan 1, 2023; ACL $14.9M plus $2.7M unfunded commitments reserve = 1.34% coverage.
Borrowed $160M from Fed BTFP at 4.71% fixed for 1 year; $401M notional pay-fixed swaps hedge rate risk.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.