---
schema_version: "secwatch.filing_event.v1"
accession: "0000905729-23-000153"
form_type: "8-K"
ticker: "COFS"
cik: "0000803164"
company_name: "CHOICEONE FINANCIAL SERVICES INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:21:38.779825+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000905729-23-000153
- form_type: 8-K
- ticker: COFS
- cik: 0000803164
- company_name: CHOICEONE FINANCIAL SERVICES INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803164/000090572923000153/0000905729-23-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803164/000090572923000153/choice8k_110223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000905729-23-000153
- JSON: https://secwatch.observer/filing/0000905729-23-000153.json
- Plain text: https://secwatch.observer/filing/0000905729-23-000153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.