ChoiceOne Financial Services, Inc.

COFS

COFSChoiceOne Financial Services, Inc. US flag

NASDAQ Capital Market

30.52

USD

-1.08

- -

457.04MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	24	25	24	25	26	27	27	29	37	74	80	81	81	92	162
+ Sales & Services Revenue	24	25	24	25	26	27	27	29	37	74	80	81	81	92	162
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	8	8	9	9	10	10	11	11	15	28	31	32	34	36	56
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-8	-8	-9	-9	-10	-10	-11	-11	-15	-28	-31	-32	-34	-36	-56
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-5	-6	-7	-8	-8	-8	-9	-8	-8	-19	-26	-28	-26	-33	-34
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-5	-6	-7	-8	-8	-8	-9	-8	-8	-19	-26	-28	-26	-33	-34
Pretax Income	5	6	7	8	8	8	9	8	8	19	26	28	26	33	34
- Income Tax Expense (Benefit)	1	1	2	2	2	2	2	1	1	3	4	4	4	6	6
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4	4	5	6	6	6	6	7	7	16	22	24	21	27	28
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	4	4	5	6	6	6	6	7	7	16	22	24	21	27	28
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4	4	5	6	6	6	6	7	7	16	22	24	21	27	28
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	4	5	6	6	6	6	7	7	16	22	24	21	27	28
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	2	3	2	2	3	2	2	3	8	12	13	12	12	20
EBITDA Margin (%)	9.33	10.05	10.75	10.05	9.53	9.58	8.92	7.16	8.46	10.45	15.56	16.39	15.39	13.34	12.29
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	14.6	17.35	21.37	23.09	22.03	22.37	22.46	25.3	19.41	21.16	27.61	29.05	26.32	28.91	17.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.44	0.45	0.49	0.54	0.6	0.61	0.64	0.71	0.8	0.82	0.94	1.01	1.05	1.1	1.22
Depreciation Expense	2	2	3	2	2	3	2	2	3	8	12	13	12	12	20
Basic Weighted Avg Shares	4	4	4	4	4	4	4	4	7	8	8	8	8	8	14
Basic EPS, GAAP	0.97	1.17	1.41	1.57	1.58	1.68	1.7	2.03	0.99	2.08	2.87	3.15	2.82	3.27	2.02
Basic EPS from Cont Ops	0.97	1.17	1.41	1.57	1.58	1.68	1.7	2.03	0.99	2.08	2.87	3.15	2.82	3.27	2.02
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	4	7	8	8	8	8	8	14
Diluted EPS, GAAP	0.97	1.17	1.4	1.56	1.58	1.68	1.7	2.02	0.99	2.07	2.86	3.15	2.82	3.25	2.01
Diluted EPS from Cont Ops	0.97	1.17	1.4	1.56	1.58	1.68	1.7	2.02	0.99	2.07	2.86	3.15	2.82	3.25	2.01

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	131	154	157	159	171	189	192	186	399	654	1,131	574	570	576	222
+ Cash & Cash Equivalents	17	19	20	17	11	15	37	20	60	80	32	44	55	97	88
+ ST Investments	114	134	136	143	160	174	156	167	340	575	1,099	530	515	479	134
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-131	-154	-157	-159	-171	-189	-192	-186	-399	-654	-1,131	-574	-570	-576	-222
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	12	12	12	12	12	13	13	16	24	29	30	28	30	27	48
+ Property, Plant & Equip	19	20	21	21	22	23	25	29	39	45	46	46	51	49	80
- Accumulated Depreciation	7	8	9	9	10	11	12	13	15	16	16	18	21	22	32
+ LT Investments & Receivables	114	134	136	143	160	174	156	169	342	578	1,107	964	930	881	949
+ LT Investments	114	134	136	143	160	174	156	169	342	578	1,107	964	930	881	949
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-126	-147	-148	-154	-172	-187	-168	-185	-367	-607	-1,137	-992	-960	-909	-997
+ Total Intangible Assets	16	15	15	15	14	14	14	14	59	66	64	63	62	61	158
+ Goodwill	14	14	14	14	14	14	14	14	53	61	60	60	60	60	130
+ Other Intangible Assets	2	2	1	1	- -	- -	- -	- -	6	5	4	3	2	1	28
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-142	-162	-163	-169	-186	-201	-182	-199	-426	-673	-1,201	-1,055	-1,022	-970	-1,155
Total Assets	496	509	515	550	568	607	647	671	1,386	1,919	2,367	2,386	2,577	2,723	4,411
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	22	- -	- -	- -	- -	- -	- -	- -	33	- -	50	50	20	155	245
+ ST Borrowings	22	- -	- -	- -	- -	- -	- -	- -	33	- -	50	50	20	155	245
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-22	- -	- -	- -	- -	- -	- -	- -	-33	- -	-50	-50	-20	-155	-245
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-22	- -	- -	- -	- -	- -	- -	- -	-33	- -	-50	-50	-20	-155	-245
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	8	- -	6	18	11	12	20	5	- -	12	35	35	216	56	68
+ LT Borrowings	8	- -	6	18	11	12	20	5	- -	12	35	35	216	56	68
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-8	- -	-6	-18	-11	-12	-20	-5	- -	-12	-35	-35	-216	-56	-68
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-8	- -	-6	-18	-11	-12	-20	-5	- -	-12	-35	-35	-216	-56	-68
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	438	448	453	483	498	536	570	590	1,194	1,692	2,145	2,217	2,381	2,463	3,945
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	93	93	93	93	93	93	101	109	163	179	172	172	174	207	398
+ Common Stock	47	47	47	47	47	46	50	55	163	179	172	172	174	207	398
+ Additional Paid in Capital	47	47	47	47	47	46	50	55	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	9	12	15	19	22	26	26	27	28	37	52	68	74	91	103
+ Other Equity	2	2	- -	1	1	-1	- -	-1	1	11	-3	-72	-52	-38	-36
Equity Before Minority Interest	58	61	62	66	70	72	77	80	192	227	222	169	196	260	465
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	58	61	62	66	70	72	77	80	192	227	222	169	196	260	465
Total Liabilities & Equity	496	509	515	550	568	607	647	671	1,386	1,919	2,367	2,386	2,577	2,723	4,411
Shares Outstanding	4	4	4	4	4	4	4	4	7	8	8	8	8	9	15
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	13	-19	-14	2	- -	-3	-17	-14	-26	-67	53	41	180	114	225
Net Debt to Equity	22.78	-30.76	-22.88	2.59	0.21	-3.5	-21.64	-17.96	-13.72	-29.53	23.97	24.47	92.05	43.78	48.45
Tangible Common Equity Ratio	8.75	9.13	9.32	9.65	10.07	9.77	9.93	10.16	10.04	8.71	6.85	4.57	5.32	7.49	7.23
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	4	4	5	6	6	6	6	7	7	16	22	24	21	27	28
+ Depreciation & Amortization	2	2	3	2	2	3	2	2	3	8	12	13	12	12	20
+ Non-Cash Items	7	2	3	-1	-3	2	- -	1	-2	-8	3	5	-2	-6	-1
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
+ Deferred Income Taxes	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	6	2	2	-1	-3	2	-1	- -	-2	-9	1	4	-3	-6	-2
+ Chg in Non-Cash Work Cap	- -	1	- -	1	-1	- -	- -	- -	1	-7	- -	2	15	14	-15
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	1	- -	1	-1	- -	- -	- -	1	-7	- -	2	15	14	-15
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	13	10	10	7	4	11	8	10	9	8	38	44	46	47	32
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	-1	-1	-1	-2	-2	-4	-1	-2	-3	-1	-4	-2	-7
+ Acq of Fixed Prod Assets	- -	-1	-1	-1	-1	-2	-2	-4	-1	-2	-3	-1	-4	-2	-7
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	-8	-1	- -	33	-2
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33	1
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-1	- -	-1	- -	- -	-8	-1	- -	- -	-3
+ Net Change in LT Investment	-22	-21	-6	-6	-18	-18	19	-15	17	-205	-554	41	43	43	35
+ Dec in LT Investment	22	48	35	36	53	52	75	16	227	171	84	107	50	60	123
+ Inc in LT Investment	-44	-70	-41	-42	-71	-70	-56	-31	-210	-376	-638	-66	-6	-17	-88
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	21	36	- -	- -	- -	- -	173
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	21	36	- -	- -	- -	- -	173
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-9	5	-7	-32	-4	-22	-36	-24	- -	-80	35	-130	-220	-138	-95
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-31	-17	-13	-39	-23	-41	-18	-44	36	-251	-521	-90	-181	-96	107
+ Dividends Paid	-2	-2	-2	-2	-2	-2	-2	-3	-6	-6	-7	-8	-8	-9	-17
+ Net Cash From Debt	- -	-8	6	12	-7	1	8	-15	5	-24	73	- -	150	-25	- -
+ Cash From Debt	- -	- -	7	88	195	311	212	128	115	10	88	726	420	315	- -
+ Repayments of Debt	- -	-8	-1	-76	-202	-310	-205	-144	-110	-34	-14	-726	-270	-340	- -
+ Other Financing Activities	13	19	- -	17	23	36	27	35	-5	292	378	66	4	92	-129
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	12	9	5	27	13	34	32	17	-6	262	436	58	146	91	-147
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-7	2	1	-4	-5	4	22	-17	40	20	-48	12	11	41	-9
EBITDA	2	2	3	2	2	3	2	2	3	8	12	13	12	12	20
EBITDA Margin (%)	9.33	10.05	10.75	10.05	9.53	9.58	8.92	7.16	8.46	10.45	15.56	16.39	15.39	13.34	12.29
Free Cash Flow	12	9	10	7	3	9	6	6	8	7	35	43	42	45	25
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	-21	-36	- -	- -	- -	- -	-173
Free Cash Flow to Firm	12	9	10	7	3	9	6	6	8	7	35	43	42	45	25
Free Cash Flow to Equity	12	1	16	19	-4	10	14	-9	13	-17	108	43	192	20	25
Free Cash Flow per Basic Share	3.32	2.39	2.64	1.84	0.81	2.51	1.78	1.59	1.16	0.88	4.55	5.75	5.58	5.55	1.81
Price/Free Cash Flow	3.09	4.52	5.06	9.22	15.66	6.13	8.42	6.41	23.23	22.5	5.05	4.78	4.37	6.01	10.74
Cash Flow to Net Income	3.57	2.26	2.03	1.31	0.69	1.79	1.31	1.36	1.28	0.54	1.71	1.88	2.18	1.76	1.13
Capital Expenditures	- -	-1	-1	-1	-1	-2	-2	-4	-1	-2	-3	-1	-4	-2	-7