ChoiceOne Financial Services Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Kelly Potes
Chief executive officer
US$722.3k
Total compensation
CEO salary percentage | 64.8% |
CEO tenure | 8yrs |
CEO ownership | 0.5% |
Management average tenure | 7.8yrs |
Board average tenure | 4.7yrs |
Recent management updates
Recent updates
ChoiceOne Financial Services' (NASDAQ:COFS) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13ChoiceOne 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 18ChoiceOne 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 19CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | US$21m |
Dec 31 2023 | US$722k | US$468k | US$21m |
Sep 30 2023 | n/a | n/a | US$23m |
Jun 30 2023 | n/a | n/a | US$23m |
Mar 31 2023 | n/a | n/a | US$24m |
Dec 31 2022 | US$646k | US$400k | US$24m |
Sep 30 2022 | n/a | n/a | US$22m |
Jun 30 2022 | n/a | n/a | US$22m |
Mar 31 2022 | n/a | n/a | US$21m |
Dec 31 2021 | US$662k | US$380k | US$22m |
Sep 30 2021 | n/a | n/a | US$21m |
Jun 30 2021 | n/a | n/a | US$19m |
Mar 31 2021 | n/a | n/a | US$19m |
Dec 31 2020 | US$551k | US$360k | US$16m |
Sep 30 2020 | n/a | n/a | US$15m |
Jun 30 2020 | n/a | n/a | US$12m |
Mar 31 2020 | n/a | n/a | US$9m |
Dec 31 2019 | US$428k | US$287k | US$7m |
Sep 30 2019 | n/a | n/a | US$6m |
Jun 30 2019 | n/a | n/a | US$7m |
Mar 31 2019 | n/a | n/a | US$7m |
Dec 31 2018 | US$348k | US$255k | US$7m |
Sep 30 2018 | n/a | n/a | US$7m |
Jun 30 2018 | n/a | n/a | US$7m |
Mar 31 2018 | n/a | n/a | US$6m |
Dec 31 2017 | US$317k | US$248k | US$6m |
Compensation vs Market: Kelly's total compensation ($USD722.25K) is below average for companies of similar size in the US market ($USD1.55M).
Compensation vs Earnings: Kelly's compensation has been consistent with company performance over the past year.
CEO
Kelly Potes (62 yo)
8yrs
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
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 8yrs | US$722.25k | 0.50% $ 967.1k | |
President & Director | 4.7yrs | US$508.77k | 0.096% $ 186.8k | |
Executive VP & Chief Lending Officer of ChoiceOne Bank | 8.6yrs | US$336.60k | 0.035% $ 68.8k | |
CFO, Executive VP | 2.4yrs | US$248.44k | 0.18% $ 347.6k | |
Senior VP & Chief Information Officer | 8.4yrs | no data | no data | |
Senior VP & Chief Credit Officer of ChoiceOne Bank | 12.4yrs | US$155.28k | no data | |
Senior VP & Senior Lender of ChoiceOne Bank | 7.5yrs | no data | no data | |
Senior Vice President of Human Resources of ChoiceOne Bank | 3.7yrs | no data | no data | |
Senior Vice President of Wealth Management of ChoiceOne Bank | no data | no data | no data |
7.8yrs
Average Tenure
58yo
Average Age
Experienced Management: COFS's management team is seasoned and experienced (7.8 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 9yrs | US$722.25k | 0.50% $ 967.1k | |
President & Director | 4.7yrs | US$508.77k | 0.096% $ 186.8k | |
Independent Chairman of the Board | 10.8yrs | US$54.00k | 0.29% $ 567.1k | |
Independent Director | 9.7yrs | US$45.50k | 0.22% $ 430.5k | |
Independent Director | 4.7yrs | US$44.00k | 1.9% $ 3.7m | |
Independent Director | 13.8yrs | US$46.50k | 0.10% $ 195.6k | |
Independent Vice Chairman of the Board | 4.7yrs | US$45.50k | 0.38% $ 745.5k | |
Independent Director | 4.7yrs | US$45.50k | 0.24% $ 461.6k | |
Independent Director | 1.8yrs | US$45.50k | 0.066% $ 127.7k | |
Independent Director | 1.8yrs | US$44.00k | 0.11% $ 218.8k | |
Independent Director | 2.8yrs | US$46.50k | 0.64% $ 1.3m | |
Independent Director | 2.5yrs | US$44.00k | 0.30% $ 585.1k |
4.7yrs
Average Tenure
58.5yo
Average Age
Experienced Board: COFS's board of directors are considered experienced (4.7 years average tenure).