{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-014797","form_type":"8-K","ticker":"COFS","cik":"0000803164","company_name":"CHOICEONE FINANCIAL SERVICES INC","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.304039+00:00","generated_at":"2026-06-16T14:33:57.953167+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ChoiceOne Q1 net income $5.63M ($0.75 EPS) down 15.7% sequentially; core loans grow 7% annualized","bullets":["Net income $5.63M ($0.75 diluted EPS) vs $6.68M ($0.89) in Q4 2022 and $5.53M ($0.74) in Q1 2022.","Core loans grew $20.8M (7.0% annualized) in Q1 and $191.7M (18.8%) YoY, driven by new Michigan relationships.","Deposits ex-brokered fell $77.5M (3.6% YoY); $33.6M moved to ChoiceOne Wealth due to rate competition.","Adopted CECL Jan 1, increasing allowance for credit losses by $7.2M and adding $3.3M liability for unfunded loans.","Shareholders' equity dropped to $168.7M from $191.1M YoY; bank remains well-capitalized at 13.0% risk-based capital."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-014797","json":"https://secwatch.observer/filing/0000950170-23-014797.json","markdown":"https://secwatch.observer/filing/0000950170-23-014797.md","text":"https://secwatch.observer/filing/0000950170-23-014797.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/803164/000095017023014797/0000950170-23-014797-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/803164/000095017023014797/cofs-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:33:57.953167+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cc969ceab302b3e59acd219ea04d3879f15425a","claim":"CHOICEONE FINANCIAL SERVICES INC reported the three months ended March 31, 2023 results: net income $5,633,000, EPS $0.75.","evidence_excerpt":"ChoiceOne reported net income of $5,633,000 for the three months ended March 31, 2023, compared to $6,684,000 and $5,528,000 for the three months ended December 31, 2022 and March 31, 2022, respectively. Diluted earnings per share were $0.75 in the three months ended March 31, 2023, compared to $0.89 and $0.74 for the three months ended December 31, 2022 and March 31, 2022, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/803164/000095017023014797/0000950170-23-014797-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"$5,633,000"},{"label":"EPS","value":"$0.75"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}