secwatch.observer — SEC 8-K summary
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Issuer:     CHOICEONE FINANCIAL SERVICES INC (COFS)
CIK:        0000803164
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0000905729-26-000093
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ChoiceOne Q1 2026 Adjusted EPS $0.91; NIM 3.67%; Assets $4.4B
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- Q1 2026 adjusted EPS $0.91, ROAA 1.24%, ROAE 11.65%, efficiency ratio 55.99%.
- Net interest margin (tax-equivalent) 3.67%; cost of deposits improved to 1.54%.
- Total assets $4.4B, deposits $3.7B, gross loans $3.0B; core loan growth 7.5% avg since 2022.
- Nonperforming loans to total loans 1.01% (up vs prior due to Fentura merger); net charge-offs 0.01%.
- Tangible book value per share $20.77 (excl AOCI $23.41); total capital ratio 13.2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803164/000090572926000093/0000905729-26-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803164/000090572926000093/choice8k_050526.htm
  HTML page:      https://secwatch.observer/filing/0000905729-26-000093

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