CHOICEONE FINANCIAL SERVICES INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that CHOICEONE FINANCIAL SERVICES INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $227.62M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $139.10M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $113.89M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $89.13M | Mar 11, 2025 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $28.18M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $26.73M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $21.26M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $23.64M | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | $22.04M | Mar 13, 2024 |
| FY2020 | Dec 31, 2020 | $4.10M | Apr 21, 2021 |
| FY2020 | Sep 30, 2020 | $3.83M | Apr 21, 2021 |
| FY2020 | Jun 30, 2020 | $4.43M | Apr 21, 2021 |
| FY2020 | Mar 31, 2020 | $3.25M | Apr 21, 2021 |
| FY2020 | Dec 31, 2019 | $3.03M | Apr 21, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $31.81M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $47.08M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $46.33M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $44.33M | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | $37.70M | Mar 13, 2024 |
| FY2022 | Dec 31, 2020 | $8.48M | Mar 23, 2023 |
| FY2021 | Dec 31, 2019 | $9.20M | Mar 18, 2022 |
| FY2020 | Dec 31, 2018 | $9.96M | Apr 21, 2021 |
| FY2019 | Dec 31, 2017 | $8.09M | Mar 16, 2020 |
| FY2018 | Dec 31, 2016 | $10.93M | Mar 18, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.63M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $1.71M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $4.23M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $1.16M | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | $2.76M | Mar 13, 2024 |
| FY2022 | Dec 31, 2020 | $1.85M | Mar 23, 2023 |
| FY2021 | Dec 31, 2019 | $766.0K | Mar 18, 2022 |
| FY2020 | Dec 31, 2018 | $4.21M | Apr 21, 2021 |
| FY2019 | Dec 31, 2017 | $1.66M | Mar 16, 2020 |
| FY2018 | Dec 31, 2016 | $1.82M | Mar 18, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.41B | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $2.72B | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $2.58B | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $2.39B | Mar 11, 2025 |
| FY2022 | Dec 31, 2021 | $2.37B | Mar 23, 2023 |
| FY2021 | Dec 31, 2020 | $1.92B | Mar 18, 2022 |
| FY2020 | Dec 31, 2019 | $1.39B | Apr 21, 2021 |
| FY2019 | Dec 31, 2018 | $670.54M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $646.54M | Mar 18, 2019 |
| FY2017 | Dec 31, 2016 | $607.37M | Mar 29, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.95B | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $2.46B | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $2.38B | Mar 11, 2025 |
| FY2023 | Dec 31, 2022 | $2.22B | Mar 13, 2024 |
| FY2022 | Dec 31, 2021 | $2.15B | Mar 23, 2023 |
| FY2021 | Dec 31, 2020 | $1.69B | Mar 18, 2022 |
| FY2020 | Dec 31, 2019 | $1.19B | Apr 21, 2021 |
| FY2019 | Dec 31, 2018 | $590.07M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $569.99M | Mar 18, 2019 |
| FY2017 | Dec 31, 2016 | $535.67M | Mar 29, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $465.35M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $260.42M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $195.63M | Mar 13, 2026 |
| FY2025 | Dec 31, 2022 | $160.83M | Mar 13, 2026 |
| FY2024 | Dec 31, 2021 | $221.67M | Mar 11, 2025 |
| FY2023 | Dec 31, 2020 | $227.27M | Mar 13, 2024 |
| FY2022 | Dec 31, 2019 | $192.14M | Mar 23, 2023 |
| FY2021 | Dec 31, 2018 | $80.48M | Mar 18, 2022 |
| FY2020 | Dec 31, 2017 | $76.55M | Apr 21, 2021 |
| FY2019 | Dec 31, 2016 | $71.70M | Mar 16, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $129.85M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $59.95M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $59.95M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $59.95M | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | $59.95M | Mar 13, 2024 |
| FY2022 | Dec 31, 2020 | $60.51M | Mar 23, 2023 |
| FY2021 | Dec 31, 2019 | $52.87M | Mar 18, 2022 |
| FY2020 | Dec 31, 2018 | $13.73M | Apr 21, 2021 |
| FY2019 | Dec 31, 2017 | $13.73M | Mar 16, 2020 |
| FY2017 | Dec 31, 2016 | $13.73M | Mar 29, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $102.64M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $91.41M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $73.70M | Mar 11, 2025 |
| FY2023 | Dec 31, 2022 | $68.39M | Mar 13, 2024 |
| FY2022 | Dec 31, 2021 | $52.33M | Mar 23, 2023 |
| FY2021 | Dec 31, 2020 | $37.49M | Mar 18, 2022 |
| FY2020 | Dec 31, 2019 | $28.05M | Apr 21, 2021 |
| FY2019 | Dec 31, 2018 | $26.69M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $26.02M | Mar 18, 2019 |
| FY2017 | Dec 31, 2016 | $26.00M | Mar 29, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $87.99M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $96.75M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $55.43M | Mar 11, 2025 |
| FY2023 | Dec 31, 2022 | $43.94M | Mar 13, 2024 |
| FY2022 | Dec 31, 2021 | $31.89M | Mar 23, 2023 |
| FY2021 | Dec 31, 2020 | $79.52M | Mar 18, 2022 |
| FY2020 | Dec 31, 2019 | $59.56M | Apr 21, 2021 |
| FY2019 | Dec 31, 2018 | $19.69M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | $36.84M | Mar 18, 2019 |
| FY2018 | Dec 31, 2016 | $14.81M | Mar 18, 2019 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Mar 13, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Apr 21, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Mar 11, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Mar 13, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Apr 21, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Apr 21, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.00M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 8.97M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | 7.55M | Mar 11, 2025 |
| FY2023 | Dec 31, 2022 | 7.52M | Mar 13, 2024 |
| FY2022 | Dec 31, 2021 | 7.51M | Mar 23, 2023 |
| FY2021 | Dec 31, 2020 | 7.80M | Mar 18, 2022 |
| FY2020 | Dec 31, 2019 | 7.25M | Apr 1, 2021 |
| FY2019 | Dec 31, 2018 | 3.62M | Mar 16, 2020 |
| FY2018 | Dec 31, 2017 | 3.45M | Mar 18, 2019 |
| FY2017 | Dec 31, 2016 | 3.28M | Mar 29, 2018 |