ChoiceOne Financial Services, Inc. (COFS) SEC Filings & Earnings Calls

Nonperforming loan increase

“Nonperforming loans to total loans (excluding loans held for sale) increased to 1.07% as of June 30, 2026 compared to 1.01% as of March 31, 2026” · word for word

Securities portfolio loss

“Second quarter results for 2026 included a pre-tax securities loss of approximately $1.9 million” · word for word

Deposit cost pressure

“ChoiceOne's annualized cost of deposits to average total deposits increased four basis points to 1.58% from 1.54% for the three months ended March 31, 2026” · word for word

Deposit cost pressure

“annualized cost of deposits increased four basis points to 1.58%”

Securities loss impact

“pre-tax securities loss of approximately $1.9 million reduced diluted EPS by $0.10” · word for word

No new material risks disclosed; presentation includes standard forward-looking statement disclaimers

“Filing is a Regulation FD disclosure of presentation materials; no new financial or operational information beyond previously reported data”

Core loan contraction

“Core loans declined by $30.9 million or an annualized 4.2% during the first quarter of 2026.”

Nonperforming loans increase

“Nonperforming loans to total loans increased to 1.01% as of March 31, 2026 compared to 0.98% as of December 31, 2025.”

Uninsured deposit concentration

“Uninsured deposits totaled $1.1 billion or 30.7% of deposits at March 31, 2026.” · word for word

Core loan decline signals potential demand weakness

“Core loans declined by $30.9 million or an annualized 4.2% during the first quarter of 2026”

Nonperforming loans increased slightly

“Nonperforming loans to total loans increased to 1.01% as of March 31, 2026 compared to 0.98% as of December 31, 2025”

Credit risk from acquired loans

“Acquired loans were recorded at their estimated fair values as of the acquisition date. The fair value of acquired loans reflects the present value of expected future cash flows, discounted at market‑based rates of return, and incorporates assumptions related to credit risk, interest rates, prepayment speeds, and liquidity risk.” · word for word

Integration risk from merger

“Merger related expenses 17,369 1,039 -” · word for word

Nonperforming loans increased to 0.98% from 0.69% sequentially, partly due to acquired loans with credit deterioration.

“Nonperforming loans to total loans increased to 0.98% as of December 31, 2025 compared to 0.69% as of September 30, 2025. 0.63% attributed to certain purchased loans identified prior to the Merger.”

Merger integration risk

“Noninterest expense increased by $10.8 million and $44.0 million for the three and nine months ended September 30, 2025, compared to the same periods in 2024. The year to date increase was largely due to merger-related expenses of $17.4 million during the nine months ended September 30, 2025, compared to $645,000 in the same period in the prior year.” · word for word

Credit risk from acquired loans

“Nonperforming loans to total loans (excluding loans held for sale) were 0.69% as of September 30, 2025. Notably, 0.39% of the nonperforming loans to total loans (excluding loans held for sale) is attributed to PCD loans acquired through the Merger which have a corresponding PCD credit reserve.” · word for word

Deposit mix shift to higher-cost deposits

“During the third quarter of 2025 non-interest bearing deposits declined by $39.9 million while interest bearing demand deposits increased by $73.4 million.” · word for word