ChoiceOne Financial Services, Inc. is the holding company for ChoiceOne Bank headquartered in Sparta, Michigan. ChoiceOne has always taken the lead in providing innovative services and technology. The bank’s customers have come to rely on digital banking including mobile banking, mobile deposits, innovative payroll solutions, online loan applications, online account opening, and digital mobile savings tools.

Company profile
Ticker
COFS
Exchange
Website
CEO
Kelly J. Potes
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
1ST COMMUNITY BANCORP INC
SEC CIK
Corporate docs
Subsidiaries
ChoiceOne Insurance Agencies, Inc. ...
COFS stock data
Investment data
Securities sold
Number of investors
Calendar
12 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 40.3M | 40.3M | 40.3M | 40.3M | 40.3M | 40.3M |
Cash burn (monthly) | 16.56M | 4.59M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 23.99M | 6.64M | n/a | n/a | n/a | n/a |
Cash remaining | 16.3M | 33.65M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.0 | 7.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 22 | Greg L. Armock | Common Stock | Grant | Acquire A | Yes | No | 20.14 | 546 | 11K | 32,260.882 |
1 Jul 22 | Brophy Keith D. | Common Stock | Grant | Acquire A | Yes | No | 20.14 | 335 | 6.75K | 6,516.418 |
1 Jul 22 | Burns Harold J | Common Stock | Grant | Acquire A | No | No | 20.14 | 546 | 11K | 13,745.95 |
Institutional ownership, Q1 2022
8.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 22 |
Opened positions | 1 |
Closed positions | 5 |
Increased positions | 5 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 16.03M |
Total shares | 640.23K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 295.46K | $7.4M |
Geode Capital Management | 56.13K | $1.41M |
Cutler Capital Management | 46K | $1.15M |
Shakespeare Wealth Management | 44.44K | $1.1M |
Renaissance Technologies | 30.5K | $764K |
BLK Blackrock | 30.22K | $757K |
HBW Advisory Services | 23.02K | $577K |
STT State Street | 22.22K | $557K |
HighTower Advisors | 17.4K | $436K |
NTRS Northern Trust | 16.08K | $403K |
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
add, applicable, building, cap, conclusion, contract, correlation, counterparty, depending, equivalent, exposed, extension, FDIC, flat, implicit, index, indexed, instrument, issuer, January, modest, municipal, negative, neutral, option, peer, people, purpose, rapidly, receipt, redeploy, runoff, set, short, spread, stability, steady, strategically, strategy, type
Removed:
adjust, affected, Agency, allocation, approved, assessed, assessing, banker, book, calculated, capitalization, closed, comply, concluded, continuing, deal, evidenced, exceeded, expiration, family, fund, institution, maintained, March, Merchant, moderately, Motion, Nondurable, November, ownership, perspective, Picture, positive, reflected, regularly, relevant, request, Scenic, sharply, Sightseeing, slightly, solid, Spectator, stated, Transportation, unaffiliated, underwritten, utilized
Current reports
8-K
Other Events
29 Jul 22
8-K
ChoiceOne Financial Reports Second Quarter 2022 Results
27 Jul 22
8-K
Departure of Directors or Certain Officers
5 Jul 22
8-K
Departure of Directors or Certain Officers
27 May 22
8-K
Regulation FD Disclosure
25 May 22
8-K
Departure of Directors or Certain Officers
24 May 22
8-K
ChoiceOne Financial Reports First Quarter 2022 Results
29 Apr 22
8-K
Departure of Directors or Certain Officers
25 Mar 22
8-K
Regulation FD Disclosure
2 Feb 22
8-K
ChoiceOne Financial Reports Fourth Quarter and Year End 2021 Results
26 Jan 22
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 22
S-8
Registration of securities for employees
27 May 22
S-8
Registration of securities for employees
27 May 22
D
$32.5M in debt, sold $32.5M, 30 investors
10 Sep 21
425
Business combination disclosure
17 Jun 20
425
Business combination disclosure
2 Jun 20
425
Business combination disclosure
29 May 20
425
Business combination disclosure
18 May 20
425
Business combination disclosure
15 May 20
Other
EFFECT
Notice of effectiveness
4 May 20
CORRESP
Correspondence with SEC
28 Apr 20
UPLOAD
Letter from SEC
22 Mar 20
CERT
Certification of approval for exchange listing
5 Feb 20
EFFECT
Notice of effectiveness
8 Aug 19
UPLOAD
Letter from SEC
5 Aug 19
CORRESP
Correspondence with SEC
4 Aug 19
CORRESP
Correspondence with SEC
4 Aug 19
CORRESP
Correspondence with SEC
25 Jul 19
UPLOAD
Letter from SEC
10 Jul 19
Ownership
4
CHOICEONE FINANCIAL SERVICES / DAVID BUSH ownership change
26 Jul 22
3
CHOICEONE FINANCIAL SERVICES / Bruce John Essex Jr ownership change
26 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Roxanne M Page ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Nels W Nyblad ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Bradley F. McGinnis ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Gregory A McConnell ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / JACK HENDON ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / PATRICK CRONIN ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / David J Churchill ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / DAVID BUSH ownership change
6 Jul 22
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22
Daily Discussion Thread - April 19th, 2022
19 Apr 22