{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-034709","form_type":"8-K","ticker":"COFS","cik":"0000803164","company_name":"CHOICEONE FINANCIAL SERVICES INC","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.683070+00:00","generated_at":"2026-06-13T02:33:58.355694+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ChoiceOne Q2 net income falls to $5.21M; diluted EPS $0.69, core loans grow 4.9%","bullets":["Q2 2023 net income $5.21M ($0.69 diluted EPS) vs $5.62M ($0.75 EPS) in Q2 2022.","Core loans grew $14.8M organically (4.9% annualized) during Q2; up 13.5% YoY.","Deposits (ex-brokered) fell $103.5M (-4.8%) YoY; outflows stabilized in May/June; $39M moved to Wealth dept.","Borrowed $160M from Fed BTFP at 4.71% fixed; expects $1.4M savings vs FHLB alternative.","Cost of deposits rose to 0.98% from 0.19% prior year; net charge-offs low at 0.02% annualized."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-034709","json":"https://secwatch.observer/filing/0000950170-23-034709.json","markdown":"https://secwatch.observer/filing/0000950170-23-034709.md","text":"https://secwatch.observer/filing/0000950170-23-034709.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/803164/000095017023034709/0000950170-23-034709-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/803164/000095017023034709/cofs-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:33:58.355694+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":"639ab0195fe20bb47488d510fc70671cbdaeda05","claim":"CHOICEONE FINANCIAL SERVICES INC reported the six months ended June 30, 2023 results: net income $10,846,000, EPS $1.44.","evidence_excerpt":"ChoiceOne reported net income of $5,213,000 and $10,846,000 for the three and six months ended June 30, 2023, compared to $5,615,000 and $11,143,000 for the same periods in 2022. Diluted earnings per share were $0.69 and $1.44 in the three and six months ended June 30, 2023, compared to $0.75 and $1.49 per share in the same periods in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/803164/000095017023034709/0000950170-23-034709-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Net income","value":"$10,846,000"},{"label":"EPS","value":"$1.44"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a749ee30419837db3242470ef80e139f7cae4248","claim":"CHOICEONE FINANCIAL SERVICES INC reported the three months ended June 30, 2023 results: net income $5,213,000, EPS $0.69.","evidence_excerpt":"ChoiceOne reported net income of $5,213,000 and $10,846,000 for the three and six months ended June 30, 2023, compared to $5,615,000 and $11,143,000 for the same periods in 2022. Diluted earnings per share were $0.69 and $1.44 in the three and six months ended June 30, 2023, compared to $0.75 and $1.49 per share in the same periods in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/803164/000095017023034709/0000950170-23-034709-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$5,213,000"},{"label":"EPS","value":"$0.69"},{"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"}