---
schema_version: "secwatch.filing_event.v1"
accession: "0000905729-24-000089"
form_type: "8-K"
ticker: "COFS"
cik: "0000803164"
company_name: "CHOICEONE FINANCIAL SERVICES INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:23:20.037918+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000905729-24-000089
- form_type: 8-K
- ticker: COFS
- cik: 0000803164
- company_name: CHOICEONE FINANCIAL SERVICES INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803164/000090572924000089/0000905729-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803164/000090572924000089/choice8k_050724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000905729-24-000089
- JSON: https://secwatch.observer/filing/0000905729-24-000089.json
- Plain text: https://secwatch.observer/filing/0000905729-24-000089.txt

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