← CHOICEONE FINANCIAL SERVICES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $19.3m $20.6m $22.1m $27.8m $51.1m $60.6m $67.3m $65.9m $139.1m $227.6m
Revenue from Contract with Customer, Including Assessed Tax — — — — — — — — — $19.0m
Interest income:
Noninterest income:
Additional Financial Items
Other Interest and Dividend Income $21k $102k $131k $268k $266k $84k $491k $3.8m $4.7m $3.5m
Bank Owned Life Insurance Income $356k $398k $385k $773k $772k $809k $1.3m $1.1m $1.9m $2.4m
Amortization of Intangible Assets $379k — — $353k $1.5m $1.3m $1.2m $955k $757k $5.8m
Debt and Equity Securities, Realized Gain (Loss) — — $34k — — — — — — —
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $0 $0 $0 ($71k) $0 $0
Goodwill, Impairment Loss — — — — $0 — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — $26.5m $27.7m $25.6m $33.1m $34.2m
Net Income (Loss) Attributable to Parent $6.1m $6.2m $7.3m $7.2m $15.6m $22.0m $23.6m $21.3m $26.7m $28.2m
Net Income (Loss) Available to Common Stockholders, Basic $6.1m $6.2m $7.3m $7.2m $15.6m $22.0m $23.6m $21.3m $26.7m $28.2m
Earnings Per Share, Basic $1.85 $1.79 $2.03 $1.58 $2.08 $2.87 $3.15 $2.82 $3.27 $2.02
Earnings Per Share, Diluted $1.85 $1.78 $2.02 $1.58 $2.07 $2.86 $3.15 $2.82 $3.25 $2.01
Common Stock, Dividends, Per Share, Declared $0.68 $0.67 $0.71 $1.40 $0.82 $0.94 $1.01 $1.05 $1.09 $1.13
Weighted Average Number of Shares Outstanding, Basic 3.3m 3.4m 3.6m 4.5m 7.5m 7.7m 7.5m 7.5m 8.2m 13.9m
Weighted Average Number of Shares Outstanding, Diluted 3.3m 3.4m 3.6m 4.5m 7.5m 7.7m 7.5m 7.6m 8.2m 14.0m
Noninterest expense:
Labor and Related Expense $10.0m $10.2m $11.0m $14.4m $26.5m $29.3m $30.4m $32.0m $33.4m $52.7m
Marketing and Advertising Expense $222k $298k $308k $528k $588k $848k $764k $721k $788k $981k
Business Combination, Acquisition Related Costs — — — — — — — — — $12.0m
Current Income Tax Expense (Benefit) $2.2m $2.3m $946k $984k $3.1m $3.5m $4.0m $4.3m $6.6m $6.1m
Interest Expense $969k $1.5m $2.5m $4.7m $4.6m $4.0m $7.7m $33.1m — —
Operating Lease, Expense — — — — $83k $153k $211k $327k $322k $593k
Income Tax Expense (Benefit) $2.2m $2.4m $1.2m $1.3m $3.3m $4.5m $4.0m $4.3m $6.4m $6.0m
Total interest expense — — — — — — — — $46.7m $65.9m
Interest Income (Expense), Net $19.3m $20.6m $22.1m $27.8m $51.1m $60.6m $67.3m $65.9m $74.4m $137.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.