ChoiceOne Financial Services Balance Sheet Health
Financial Health criteria checks 6/6
ChoiceOne Financial Services has total assets of $2.7B and total equity of $260.4M. Total deposits are $2.2B, and total loans are $1.5B. It earns a Net Interest Margin of 2.8%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $96.8M.
Key information
10.5x
Asset to equity ratio
2.8%
Net interest margin
| Total deposits | US$2.21b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$96.75m |
Recent financial health updates
Recent updates
ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13
ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's
Aug 28ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26
Jun 01ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26
Dec 04ChoiceOne Financial Services (NASDAQ:COFS) Is Due To Pay A Dividend Of $0.25
Aug 28ChoiceOne Financial Services declares $0.25 dividend
Aug 24ChoiceOne Financial Services GAAP EPS of $0.75, revenue of $19.72M
Jul 27ChoiceOne Financial: Loans Likely To Start Recovering By Next Year
Sep 16ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's
Sep 03ChoiceOne Financial Services declares $0.22 dividend
May 28ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Mar 07Reflecting on ChoiceOne Financial Services' (NASDAQ:COFS) Share Price Returns Over The Last Year
Feb 18
ChoiceOne Financial Services reports Q4 results
Jan 31Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: COFS's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: COFS has a sufficient allowance for bad loans (569%).
Low Risk Liabilities: 90% of COFS's liabilities are made up of primarily low risk sources of funding.
Loan Level: COFS has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: COFS's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: COFS has an appropriate level of bad loans (0.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 06:20 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ChoiceOne Financial Services, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |
| Daniel Cardenas | Janney Montgomery Scott LLC |