← CHOICEONE FINANCIAL SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $6.1m |
$6.2m
+1.28%
|
$7.3m
+18.89%
|
$7.2m
-2.21%
|
$15.6m
+117.72%
|
$22.0m
+41.18%
|
$23.6m
+7.25%
|
$21.3m
-10.06%
|
$26.7m
+25.71%
|
$28.2m
+5.42%
|
— | |
| Amortization | $1.5m | $1.1m | $893k | $1.5m | $5.0m | $9.8m | $10.7m | $10.0m | $9.9m | $16.3m | $12.6m | |
| Amortization of Intangible Assets | $379k | — | — | $353k | $1.5m | $1.3m | $1.2m | $955k | $757k | $5.8m | — | |
| Depreciation | $1.1m | $1.4m | $1.2m | $1.6m | $2.7m | $2.6m | $2.7m | $2.5m | $2.5m | $3.6m | $2.7m | |
| Deferred Income Tax Expense (Benefit) | ($82k) | $62k | $209k | $310k | $202k | $924k | ($15k) | ($24k) | ($271k) | ($113k) | ($1.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $380k | $317k | $344k | $373k | $512k | $812k | $958k | $1.0m | $720k | $883k | $526k | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $0 | $220k | $327k | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | — | — | $78k | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Other Operating Assets | $2.0m | ($417k) | $875k | ($2.1m) | $3.2m | $5.4m | $4.2m | ($5.4m) | $817k | ($3.4m) | — | |
| Increase (Decrease) in Other Operating Liabilities | $1.8m | ($783k) | $573k | ($1.5m) | ($3.5m) | $5.7m | $6.2m | $7.6m | $14.8m | ($18.6m) | — | |
| Gain (Loss) on Disposition of Other Assets | ($41k) | $26k | $83k | $55k | ($13k) | $6k | $99k | $147k | $198k | ($226k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $10.9m |
$8.1m
-25.96%
|
$10.0m
+23.05%
|
$9.2m
-7.56%
|
$8.5m
-7.87%
|
$37.7m
+344.67%
|
$45.0m
+19.41%
|
$46.5m
+3.25%
|
$48.6m
+4.66%
|
$31.8m
-34.60%
|
$20.1m
-36.88%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.8m | $1.7m | $4.2m | $766k | $1.9m | $2.8m | $1.2m | $4.2m | $1.7m | $6.6m | ($3.8m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $36.7m | $17.6m | $13.4m | $47.8m | $48.8m | $54.2m | $51.6m | $32.3m | $33.8m | $24.4m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | $22k | $1.3m | ($40k) | ($809k) | ($71k) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($41.5m) | ($18.3m) | ($43.9m) | $36.4m | ($250.8m) | ($521.4m) | ($90.5m) | ($181.4m) | ($97.9m) | $106.7m | $165.1m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $33.9m | $14.3m | $726.0m | $270.0m | $340.0m | — | ($68.0m) | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $34k | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $10.1m | $87.5m | $726.0m | $420.0m | $315.0m | — | $50.0m | |
| Payments for Repurchase of Common Stock | $794k | $203k | $523k | $67k | $0 | $7.8m | $767k | $0 | $0 | $2.7m | — | |
| Proceeds from Issuance of Common Stock | $85k | $98k | $77k | $142k | $134k | $139k | $172k | $231k | $674k | $892k | $33.1m | |
| Dividends paid | $2.2m | $2.3m | $2.6m | $5.8m | $6.2m | $7.2m | $7.6m | $7.9m | $9.0m | $16.9m | ($13.3m) | |
| Payments of Dividends | $2.2m | $2.3m | $2.6m | $5.8m | $6.2m | $7.2m | $7.6m | $7.9m | $9.0m | $16.9m | ($13.3m) | |
| Other Interest and Dividend Income | $21k | $102k | $131k | $268k | $266k | $84k | $491k | $3.8m | $4.7m | $3.5m | — | |
| Net Cash Provided by (Used in) Financing Activities | — | $32.2m |
$16.8m
-48.04%
|
($5.7m)
-133.94%
|
$262.2m
+4711.92%
|
$436.0m
+66.28%
|
$57.5m
-86.80%
|
$146.4m
+154.40%
|
$90.6m
-38.12%
|
($147.3m)
-262.57%
|
($129.9m)
+11.78%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $39.9m | $20.0m | ($47.6m) | $12.1m | $11.5m | $41.3m | ($8.8m) | $156.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $59.6m | — | — | — | — | — | — | $156.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | $485k | $35k | — | $4.0m | $416k | $250k | $150k | $625k | $14.8m | $14.4m | |
| Bank Owned Life Insurance Income | $356k | $398k | $385k | $773k | $772k | $809k | $1.3m | $1.1m | $1.9m | $2.4m | — | |
| Gain (Loss) on Sales of Loans, Net | $1.7m | $1.3m | $1.0m | $2.0m | $8.1m | $4.4m | $1.3m | $1.1m | $2.4m | $2.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $984k | $1.5m | $2.3m | $4.5m | $4.9m | $3.7m | $7.6m | $27.5m | $49.9m | $65.1m | — | |
| Income Taxes Paid, Net | $1.8m | $2.1m | $850k | $1.0m | $5.0m | $3.3m | $2.0m | $4.5m | $6.3m | $7.3m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | ($155k) | $479k | ($955k) | ($317k) | $195k | $607k | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | $0 | $0 | ($71k) | $0 | $0 | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | ($155k) | $479k | ($955k) | ($246k) | $195k | $607k | — | |
| Gain (Loss) on Disposition of Business | — | $908k | — | — | — | — | — | — | — | — | — | |
| Goodwill | $13.7m | $13.7m | $13.7m | $52.9m | $60.5m | $59.9m | $59.9m | $59.9m | $59.9m | $129.9m | $78k | |
| Income Tax Expense (Benefit) | $2.2m | $2.4m | $1.2m | $1.3m | $3.3m | $4.5m | $4.0m | $4.3m | $6.4m | $6.0m | — | |
| Operating Lease, Expense | — | — | — | — | $83k | $153k | $211k | $327k | $322k | $593k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | $1.3m | $1.3m | $15.1m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $19.0m | — |