secwatch.observer — SEC 8-K summary
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Issuer:     CHOICEONE FINANCIAL SERVICES INC (COFS)
CIK:        0000803164
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000905729-24-000089
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803164/000090572924000089/0000905729-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803164/000090572924000089/choice8k_050724.htm
  HTML page:      https://secwatch.observer/filing/0000905729-24-000089

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