COFS Choiceone Financial Services Dashboard

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

NASDAQ

Website

www.choiceone.com

CEO

Kelly J. Potes

Incorporated

Michigan

Location

Michigan

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Citizens Financial • Northern Trust • M & T Bank • Bank Of New York Mellon • Fifth Third Bancorp • Popular • Associated Banc-Corp. • First Citizens Bancshares, Inc • Commerce Bancshares ...

Former names

1ST COMMUNITY BANCORP INC

SEC CIK

0000803164

Corporate docs

Articles of Incorporation & Bylaws

COFS stock data

S&P 500

1M 1Y 2Y 5Y

Press releases

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ChoiceOne Financial Announces Cash Dividend

2 Mar 21

SPARTA, Mich., March 2, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.22 per share. The cash

ChoiceOne Bank Receives MiBiz Annual M&A Deal of the Year Award

18 Feb 21

SPARTA, Mich., Feb. 18, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ:COFS), the parent company of ChoiceOne Bank, is pleased to announce ChoiceOne Financial Services, Inc., won the M&A Deal of the

ChoiceOne Bank Advances in Industry-Leading Technology

12 Feb 21

SPARTA, Mich., Feb. 12, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ:COFS), the parent company of ChoiceOne Bank, is pleased to announce the significant advances ChoiceOne has made in its financial

ChoiceOne Financial Reports Fourth Quarter And Year End 2020 Results

30 Jan 21

Calendar

1 Apr 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart COFS financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	79.52M	79.52M	79.52M	79.52M	79.52M	79.52M
Cash burn (monthly)	12.79M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	44.21M	n/a	n/a	n/a	n/a	n/a
Cash remaining	35.31M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	2.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

COFS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 21	Bosserd James A	Common Stock	Grant	Aquire A	No	No	24.05	104	2.5K	14,224.425
1 Apr 21	Brophy Keith D.	Common Stock	Grant	Aquire A	Yes	No	24.05	281	6.76K	4,798.555
1 Apr 21	Burns Harold J	Common Stock	Grant	Aquire A	No	No	24.05	458	11.01K	10,985.079
1 Apr 21	Burrough Eric E	Common Stock	Grant	Aquire A	No	No	24.05	458	11.01K	128,245
1 Apr 21	Bush David	Common Stock	Grant	Aquire A	No	No	24.05	192	4.62K	108,018

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

COFS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	0	37	EXIT
Opened positions	0	6	EXIT
Closed positions	37	6	+516.7%
Increased positions	0	16	EXIT
Reduced positions	0	9	EXIT

13F shares	Current	Prev Q	Change
Total value	0	31.76M	EXIT
Total shares	0	1.22M	EXIT
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	0	-345.07K	EXIT
Vanguard	0	-299.86K	EXIT
STT State Street	0	-90.17K	EXIT
Geode Capital Management	0	-79.86K	EXIT
NTRS Northern Trust	0	-78.43K	EXIT
Shakespeare Wealth Management	0	-47.09K	EXIT
Millennium Management	0	-31.78K	EXIT
Cutler Capital Management	0	-30K	EXIT
BK Bank Of New York Mellon	0	-21.93K	EXIT
Nuveen Asset Management	0	-20.07K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Content analysis

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Readability	H.S. freshman Avg

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Removed: agree, attained, attestation, bid, consulting, contrast, enactment, exemption, ii, jeopardize, lessee, listed, markdown, markup, mature, Medicare, Midwest, modify, moving, necessarily, objective, observed, pattern, pledging, remeasure, remeasurement, repurchased, retiree, retrospective, ROU, secure, selling, trajectory, transferred, VRFC, watch

From filing 10-K 2020 FY