---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024792"
form_type: "8-K"
ticker: "COFS"
cik: "0000803164"
company_name: "CHOICEONE FINANCIAL SERVICES INC"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T01:02:36.291761+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ChoiceOne Q3 net income $5.8M (+1% YoY), diluted EPS $0.77; core loans grow 19.6% annualized

## Summary
- Net income $5.813M vs $5.749M in Q3 2021; diluted EPS $0.77 vs $0.75.
- Core loans (ex-PPP) grew organically $52.8M or 19.6% annualized in Q3; $205.2M (22.1%) YoY.
- Deposits grew $18.2M (3.4% annualized) in Q3; deposit expense up $786K in 9M 2022 vs 9M 2021.
- Total assets $1.47B, up $86.3M YoY; shareholders' equity fell to $156.7M from $225.1M due to unrealized securities losses.
- Bank remains well-capitalized, total risk-based capital ratio 12.8%; no share repurchases in Q3.

## SEC filing metadata
- accession: 0001437749-22-024792
- form_type: 8-K
- ticker: COFS
- cik: 0000803164
- company_name: CHOICEONE FINANCIAL SERVICES INC
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803164/000143774922024792/0001437749-22-024792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803164/000143774922024792/cofs20220823_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024792
- JSON: https://secwatch.observer/filing/0001437749-22-024792.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024792.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.