{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-047566","form_type":"8-K","ticker":"COFS","cik":"0000803164","company_name":"CHOICEONE FINANCIAL SERVICES INC","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.015614+00:00","generated_at":"2026-06-03T10:34:08.637866+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ChoiceOne Q1 EPS $0.74 (flat YoY); forward swaps add $732K/mo to NII starting May","bullets":["Net income $5.6M, essentially flat; diluted EPS $0.74 vs $0.75 in Q1 2023.","Core loan balances up 14.7% YoY to $1.41B; deposits ex-brokered up 3.7% YoY to $2.1B.","Net interest margin (FTE) 2.74%, down from 3.09% YoY but up from 2.72% QoQ.","Noninterest expense down $311K YoY to $13.7M; expects ~$700K annual savings from branch closures.","$200M forward starting pay-fixed swaps (2.75% fixed, receive SOFR) start late Apr; add $432K/mo to NII, plus $300K/mo amortization ends in May."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-047566","json":"https://secwatch.observer/filing/0000950170-24-047566.json","markdown":"https://secwatch.observer/filing/0000950170-24-047566.md","text":"https://secwatch.observer/filing/0000950170-24-047566.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/803164/000095017024047566/0000950170-24-047566-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/803164/000095017024047566/cofs-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T10:34:08.637866+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":"3ab2a6f2c4ed5fa2adfb022942c9bf9d0f652adc","claim":"CHOICEONE FINANCIAL SERVICES INC reported the quarter ended March 31, 2024 results: net income $5,634,000, EPS $0.74.","evidence_excerpt":"ChoiceOne reported net income of $5,634,000 for the three months ended March 31, 2024, compared to $5,633,000 for the same period in 2023. Diluted earnings per share were $0.74 in the three months ended March 31, 2024, compared to $0.75 per share in the same period in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/803164/000095017024047566/0000950170-24-047566-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$5,634,000"},{"label":"EPS","value":"$0.74"},{"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"}