ChoiceOne investor presentation shows Q1 2024 annualized ROAA 0.86%, ROAE 11.26%

CHOICEONE FINANCIAL SERVICES INC

2024-Q1 EPS reported $0.74 revenue$32,483,000

Total assets $2.67B, deposits $2.19B, gross loans $1.42B as of March 31, 2024.
Q1 2024 annualized ROAA 0.86%, ROAE 11.26%, NIM (tax-equiv) 2.74%, efficiency ratio 64.55%.
Deposits ex-brokered grew 8.6% annualized in Q1; noninterest-bearing deposits 23% of total.
Asset quality: NPLs/loans 0.13%, net charge-offs annualized 0.01%, ACL 1.13% of loans.
Capital ratios: Total capital 13.3%, Tier 1 leverage 9.4%; unused borrowing capacity $960.7M.

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