{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-007227","form_type":"8-K","ticker":"COFS","cik":"0000803164","company_name":"CHOICEONE FINANCIAL SERVICES INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.961334+00:00","generated_at":"2026-06-06T18:49:39.119229+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 Q4 net income $5.3M ($0.70 EPS), core loans grow $105M","bullets":["Net income $5.293M ($0.70 diluted EPS) vs $6.684M ($0.89) a year ago; full-year $21.261M ($2.82) vs $23.640M ($3.15).","Core loans grew organically $105.2M in Q4 (annualized 32.7%), largest single-quarter organic growth in 125 years.","Net interest margin (FTE) 2.72%, up 2 bps from Q3; deposit cost rose to 1.57% from 1.36%.","Nonperforming loans only 0.13% of total loans; provision for credit losses $375,000.","Plans to consolidate two branches by March 2025, expecting ~$700K annual savings."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-007227","json":"https://secwatch.observer/filing/0000950170-24-007227.json","markdown":"https://secwatch.observer/filing/0000950170-24-007227.md","text":"https://secwatch.observer/filing/0000950170-24-007227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/803164/000095017024007227/0000950170-24-007227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/803164/000095017024007227/cofs-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:49:39.119229+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":"6c49a8a59dc0e13da6fa057975a710683f113cb8","claim":"CHOICEONE FINANCIAL SERVICES INC reported the twelve months ended December 31, 2023 results: net income $21,261,000, EPS $2.82.","evidence_excerpt":"ChoiceOne reported net income of $5,293,000 and $21,261,000 for the three and twelve months ended December 31, 2023, compared to $6,684,000 and $23,640,000 for the same periods in 2022. Diluted earnings per share were $0.70 and $2.82 in the three and twelve months ended December 31, 2023, compared to $0.89 and $3.15 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/803164/000095017024007227/0000950170-24-007227-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 31, 2023"},{"label":"Net income","value":"$21,261,000"},{"label":"EPS","value":"$2.82"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9fff0061db47e4dbedb7919e0af3bbe573973269","claim":"CHOICEONE FINANCIAL SERVICES INC reported the quarter ended December 31, 2023 results: net income $5,293,000, EPS $0.70.","evidence_excerpt":"ChoiceOne reported net income of $5,293,000 and $21,261,000 for the three and twelve months ended December 31, 2023, compared to $6,684,000 and $23,640,000 for the same periods in 2022. Diluted earnings per share were $0.70 and $2.82 in the three and twelve months ended December 31, 2023, compared to $0.89 and $3.15 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/803164/000095017024007227/0000950170-24-007227-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$5,293,000"},{"label":"EPS","value":"$0.70"},{"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"}