secwatch.observer — SEC 8-K summary
======================================

Issuer:     CHOICEONE FINANCIAL SERVICES INC (COFS)
CIK:        0000803164
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001437749-22-024792
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803164/000143774922024792/0001437749-22-024792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803164/000143774922024792/cofs20220823_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024792

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