ChoiceOne Financial Services, Inc.

NasdaqCM:COFS Stock Report

Market Cap: US$321.3m

ChoiceOne Financial Services Management

Management criteria checks 4/4

ChoiceOne Financial Services' CEO is Kelly Potes, appointed in Jun 2016, has a tenure of 8.42 years. total yearly compensation is $722.25K, comprised of 64.8% salary and 35.2% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth $1.44M. The average tenure of the management team and the board of directors is 8.2 years and 5.1 years respectively.

Key information

Kelly Potes

Chief executive officer

US$722.3k

Total compensation

CEO salary percentage64.8%
CEO tenure8.4yrs
CEO ownership0.4%
Management average tenure8.2yrs
Board average tenure5.1yrs

Recent management 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

ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's

Aug 28
ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's

ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26

Jun 01
ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26

ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26

Dec 04
ChoiceOne Financial Services (NASDAQ:COFS) Has Announced That It Will Be Increasing Its Dividend To $0.26

ChoiceOne Financial Services (NASDAQ:COFS) Is Due To Pay A Dividend Of $0.25

Aug 28
ChoiceOne Financial Services (NASDAQ:COFS) Is Due To Pay A Dividend Of $0.25

ChoiceOne Financial Services declares $0.25 dividend

Aug 24

ChoiceOne Financial Services GAAP EPS of $0.75, revenue of $19.72M

Jul 27

ChoiceOne Financial: Loans Likely To Start Recovering By Next Year

Sep 16

ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's

Sep 03
ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's

ChoiceOne Financial Services declares $0.22 dividend

May 28

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Mar 07
ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Reflecting on ChoiceOne Financial Services' (NASDAQ:COFS) Share Price Returns Over The Last Year

Feb 18
Reflecting on ChoiceOne Financial Services' (NASDAQ:COFS) Share Price Returns Over The Last Year

ChoiceOne Financial Services reports Q4 results

Jan 31

I Built A List Of Growing Companies And ChoiceOne Financial Services (NASDAQ:COFS) Made The Cut

Jan 14
I Built A List Of Growing Companies And ChoiceOne Financial Services (NASDAQ:COFS) Made The Cut

Should You Buy ChoiceOne Financial Services, Inc. (NASDAQ:COFS) For Its Upcoming Dividend?

Dec 09
Should You Buy ChoiceOne Financial Services, Inc. (NASDAQ:COFS) For Its Upcoming Dividend?

CEO Compensation Analysis

How has Kelly Potes's remuneration changed compared to ChoiceOne Financial Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$25m

Jun 30 2024n/an/a

US$23m

Mar 31 2024n/an/a

US$21m

Dec 31 2023US$722kUS$468k

US$21m

Sep 30 2023n/an/a

US$23m

Jun 30 2023n/an/a

US$23m

Mar 31 2023n/an/a

US$24m

Dec 31 2022US$646kUS$400k

US$24m

Sep 30 2022n/an/a

US$22m

Jun 30 2022n/an/a

US$22m

Mar 31 2022n/an/a

US$21m

Dec 31 2021US$662kUS$380k

US$22m

Sep 30 2021n/an/a

US$21m

Jun 30 2021n/an/a

US$19m

Mar 31 2021n/an/a

US$19m

Dec 31 2020US$551kUS$360k

US$16m

Sep 30 2020n/an/a

US$15m

Jun 30 2020n/an/a

US$12m

Mar 31 2020n/an/a

US$9m

Dec 31 2019US$428kUS$287k

US$7m

Sep 30 2019n/an/a

US$6m

Jun 30 2019n/an/a

US$7m

Mar 31 2019n/an/a

US$7m

Dec 31 2018US$348kUS$255k

US$7m

Sep 30 2018n/an/a

US$7m

Jun 30 2018n/an/a

US$7m

Mar 31 2018n/an/a

US$6m

Dec 31 2017US$317kUS$248k

US$6m

Compensation vs Market: Kelly's total compensation ($USD722.25K) is below average for companies of similar size in the US market ($USD2.40M).

Compensation vs Earnings: Kelly's compensation has been consistent with company performance over the past year.


CEO

Kelly Potes (62 yo)

8.4yrs

Tenure

US$722,253

Compensation

Mr. Kelly J. Potes, CFP, served as Director at Lakestone Bank & Trust. Mr. Potes served as President and serves as Director of Choiceone Bank (Sparta, MI) since June 22, 2015 and has been its Chief Executi...


Leadership Team

NamePositionTenureCompensationOwnership
Kelly Potes
CEO & Director8.4yrsUS$722.25k0.45%
$ 1.4m
Michael Burke
President & Director5.1yrsUS$508.77k0.13%
$ 425.6k
Bradley Henion
Executive VP & Chief Lending Officer of ChoiceOne Bank9yrsUS$336.60k0.030%
$ 96.0k
Adom Greenland
CFO, Executive VP2.8yrsUS$248.44k0.17%
$ 556.2k
Shelly Childers
Senior VP & Chief Information Officer8.8yrsno datano data
Lee Braford
Senior VP & Chief Credit Officer of ChoiceOne Bank12.8yrsUS$155.28kno data
Peter Batistoni
Senior VP & Senior Lender of ChoiceOne Bank7.9yrsno datano data
Heather Brolick
Senior Vice President of Human Resources of ChoiceOne Bank4.1yrsno datano data
Robert Jamula
Senior Vice President of Wealth Management of ChoiceOne Bankno datano datano data

8.2yrs

Average Tenure

58yo

Average Age

Experienced Management: COFS's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kelly Potes
CEO & Director9.4yrsUS$722.25k0.45%
$ 1.4m
Michael Burke
President & Director5.1yrsUS$508.77k0.13%
$ 425.6k
Jack Hendon
Independent Chairman of the Board11.3yrsUS$54.00k0.32%
$ 1.0m
Keith Brophy
Independent Director10.1yrsUS$45.50k0.21%
$ 668.9k
Eric Burrough
Independent Director5.1yrsUS$44.00k1.8%
$ 5.8m
Roxanne Page
Independent Director14.3yrsUS$46.50k0.089%
$ 284.7k
Gregory McConnell
Independent Vice Chairman of the Board5.1yrsUS$45.50k0.37%
$ 1.2m
Harold Burns
Independent Director5.1yrsUS$45.50k0.24%
$ 764.0k
Michelle Wendling
Independent Director2.2yrsUS$45.50k0.065%
$ 210.3k
Curt Coulter
Independent Director2.2yrsUS$44.00k0.11%
$ 347.8k
Greg Armock
Independent Director3.2yrsUS$46.50k0.63%
$ 2.0m
Bradley McGinnis
Independent Director2.9yrsUS$44.00k0.26%
$ 851.0k

5.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: COFS's board of directors are considered experienced (5.1 years average tenure).