CHOICEONE FINANCIAL SERVICES INC

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

COFS$36.74-1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements Of Comprehensive Income (Loss)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)

Three Months Ended · Nine Months Ended
(Dollars in thousands)	September 30,		September 30,
	2026	2025	2026	2025
Net income (loss)	$14,545	$14,681	$40,712	$14,309
Other comprehensive income:
Change in net unrealized gain (loss) on available-for-sale securities	(29,041)	9,997	(26,193)	7,973
Income tax benefit (expense)	6,099	(2,099)	5,501	(1,674)
Less: reclassification adjustment for net (gain) loss included in net income	-	-	2,136	-
Income tax benefit (expense)	-	-	(449)	-
Less: reclassification adjustment for net (gain) loss for fair value hedge	1,086	(578)	286	(7,274)
Income tax benefit (expense)	(228)	121	(60)	1,527
Unrealized gain (loss) on available-for-sale securities, net of tax	(22,084)	7,441	(18,779)	552
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity	60	70	220	202
Income tax benefit (expense)	(12)	(14)	(46)	(42)
Unrealized loss on held to maturity securities, net of tax	48	56	174	160
Change in net unrealized gain (loss) on cash flow hedge	(0)	(641)	(1,897)	(6,169)
Income tax benefit (expense)	-	133	398	1,294
Less: accretion of net unrealized (gains) losses included in net income	(315)	(126)	(815)	(323)
Income tax benefit (expense)	65	27	170	68
Unrealized gain (loss) on cash flow hedge instruments, net of tax	(250)	(607)	(2,144)	(5,130)
Other comprehensive income (loss), net of tax	(22,286)	6,890	(20,749)	(4,418)
Comprehensive income (loss)	$(7,741)	$21,571	$19,963	$9,891

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

For the three months ended September 30,

Accumulated
Common · Other
Stock and · Comprehensive
Number of · Paid in · Retained · Income/(Loss),
(Dollars in thousands, except per share data) · Shares · Capital · Earnings · Net · Total
Balance, July 1, 2025	15,008,864	$398,201		$82,647	$(49,087)	$431,761
Net income (loss)				14,681			14,681
Other comprehensive income (loss)					6,890		6,890
Shares issued for directors and employee stock plans	8,938		245					245
Compensation expense for employee stock purchases		17					17
Stock-based compensation expense		225					225
Cash dividends declared ($0.28 per share)				(4,204)			(4,204)
Balance, September 30, 2025	15,017,802	$398,688		$93,124	$(42,197)	$449,615
Balance, July 1, 2026	14,950,472	$396,681		$120,135	$(34,137)	$482,679
Net income				14,545			14,545
Other comprehensive income (loss)					(22,286)		(22,286)
Shares issued for directors and employee stock plans	8,187		258					258
Compensation expense for employee stock purchases		13					13
Stock-based compensation expense		270					270
Shares repurchased	(40,000)		(1,344)					(1,344)
Cash dividends declared ($0.29 per share)				(4,326)			(4,326)
Balance, September 30, 2026	14,918,659	$395,878		$130,354	$(56,423)	$469,809

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

For the nine months ended September 30,

Accumulated
Common · Other
Stock and · Comprehensive
Number of · Paid in · Retained · Income/(Loss),
(Dollars in thousands, except per share data) · Shares · Capital · Earnings · Net · Total
Balance, January 1, 2025	8,965,483	$206,780		$91,414	$(37,779)	$260,415
Net income (loss)				14,309			14,309
Other comprehensive income (loss)					(4,418)		(4,418)
Shares issued for directors and employee stock plans	23,855		678					678
Compensation expense for employee stock purchases		46					46
Stock-based compensation expense		578					578
Stock issued related to restricted stock unit vesting	22,214						-
Shares surrendered by participants for RSU tax payments		(327)					(327)
Merger with Fentura Financial, Inc., net of issuance costs	6,064,057		192,770					192,770
Repurchase of shares from Fentura Financial, Inc. ESOP	(57,807)		(1,837)					(1,837)
Cash dividends declared ($0.84 per share)				(12,599)			(12,599)
Balance, September 30, 2025	15,017,802	$398,688		$93,124	$(42,197)	$449,615
Balance, January 1, 2026	15,000,939	$398,386		$102,641	$(35,674)	$465,353
Net income				40,712			40,712
Other comprehensive income (loss)					(20,749)		(20,749)
Shares issued for directors and employee stock plans	26,056		757					757
Compensation expense for employee stock purchases		40					40
Stock-based compensation expense		807					807
Stock issued related to restricted stock unit vesting	16,664						-
Shares surrendered by participants for RSU tax payments		(252)					(252)
Shares repurchased	(125,000)		(3,860)					(3,860)
Cash dividends declared ($0.87 per share)				(12,999)			(12,999)
Balance, September 30, 2026	14,918,659	$395,878		$130,354	$(56,423)	$469,809

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.