ChoiceOne Financial Services Balance Sheet Health
Financial Health criteria checks 6/6
ChoiceOne Financial Services has total assets of $2.6B and total equity of $195.6M. Total deposits are $2.1B, and total loans are $1.4B. It earns a Net Interest Margin of 2.8%. It has sufficient allowance for bad loans, which are currently at 0.1% of total loans. Cash and short-term investments are $64.3M.
Key information
13.2x
Asset to equity ratio
2.8%
Net interest margin
| Total deposits | US$2.12b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.1% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$64.31m |
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 31I Built A List Of Growing Companies And ChoiceOne Financial Services (NASDAQ:COFS) Made The Cut
Jan 14Should You Buy ChoiceOne Financial Services, Inc. (NASDAQ:COFS) For Its Upcoming Dividend?
Dec 09Is ChoiceOne Financial Services, Inc. (NASDAQ:COFS) An Attractive Dividend Stock?
Dec 07ChoiceOne Financial Services increases dividend by 10%
Nov 19Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: COFS's Assets to Equity ratio (13.2x) is moderate.
Allowance for Bad Loans: COFS has a sufficient allowance for bad loans (820%).
Low Risk Liabilities: 89% 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 (54%).
Low Risk Deposits: COFS's Loans to Deposits ratio (66%) is appropriate.
Level of Bad Loans: COFS has an appropriate level of bad loans (0.1%).