ChoiceOne Financial Services Files 2024 10-K
Ticker: COFS · Form: 10-K · Filed: Mar 11, 2025 · CIK: 803164
| Field | Detail |
|---|---|
| Company | Choiceone Financial Services Inc (COFS) |
| Form Type | 10-K |
| Filed Date | Mar 11, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, banking
TL;DR
CHOICEONE FINANCIAL SERVICES INC filed its 2024 10-K. All systems go.
AI Summary
CHOICEONE FINANCIAL SERVICES INC filed its 2024 10-K on March 11, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly known as 1ST COMMUNITY BANCORP INC, operates as a commercial bank based in Sparta, Michigan. The filing includes standard financial disclosures and references various accounting standards related to interest income, expenses, and securities.
Why It Matters
This 10-K filing provides investors and analysts with a comprehensive overview of ChoiceOne Financial Services' financial health and operational performance for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative news.
Key Numbers
- 10-K — Filing Type (Annual report filed with the SEC)
- 2024 — Fiscal Year (Period covered by the report)
Key Players & Entities
- CHOICEONE FINANCIAL SERVICES INC (company) — Filer of the 10-K
- 1ST COMMUNITY BANCORP INC (company) — Former name of the filer
- 20241231 (date) — Fiscal year end date
- 20250311 (date) — Filing date
- MI (location) — State of incorporation and business address
- 6168877366 (phone_number) — Business phone number
FAQ
What is the primary business of CHOICEONE FINANCIAL SERVICES INC?
CHOICEONE FINANCIAL SERVICES INC operates as a commercial bank, as indicated by its Standard Industrial Classification code [6022].
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted on March 11, 2025.
What was the previous name of CHOICEONE FINANCIAL SERVICES INC?
The company was formerly known as 1ST COMMUNITY BANCORP INC, with a name change date of July 3, 1992.
Where is CHOICEONE FINANCIAL SERVICES INC headquartered?
The company's business and mailing address is located in Sparta, MI.
What accounting standards are referenced in the filing?
The filing references accounting standards related to Accounting Standards Update 2016-13, Other Liabilities, Secured Overnight Financing Rate (SOFR), Other Assets, Interest and Dividend Income Operating, Interest Expense Operating, Available For Sale Securities Debt Securities, and Prime Rate.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 11, 2025 regarding CHOICEONE FINANCIAL SERVICES INC (COFS).