secwatch.observer — SEC 8-K summary
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Issuer:     CHOICEONE FINANCIAL SERVICES INC (COFS)
CIK:        0000803164
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055008
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ChoiceOne Q3 net income down 12% to $0.68 EPS; core loans grow 19.8%
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- Net income $5.1M ($0.68 diluted EPS) vs $5.8M ($0.77) in Q3 2022.
- Net interest margin (FTE) fell to 2.70% from 2.86% in Q2 2023.
- Core loans grew organically $60.6M or 19.8% annualized during Q3.
- Deposits (ex-brokered) increased $48.9M or 9.6% annualized in Q3.
- Asset quality strong: nonperforming loans 0.14%, annualized charge-offs 0.05%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803164/000095017023055008/0000950170-23-055008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803164/000095017023055008/cofs-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055008

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