ChoiceOne Financial Services, Inc. (COFS)

COFS Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	54.72	28.18	26.73	21.26	23.64	22.04
Depreciation & Amortization	20.49	19.87	12.33	12.43	13.34	12.43
Gain (Loss) on Sale of Assets	0	0.06	-0.05	-0.01	-0.04	-0.02
Gain (Loss) on Sale of Investments	1.79	-0.61	-0.2	0.32	1.76	-0.44
Total Asset Writedown	0.08	0.08	-	-	-	-
Provision for Credit Losses	1.55	14.81	0.63	0.15	0.25	0.42
Net Decrease (Increase) in Loans Originated / Sold - Operating	4.96	1.3	-1.19	1.26	5.85	8.01
Change in Other Net Operating Assets	-10.39	-15.22	13.97	14.72	2	0.3
Other Operating Activities	-1.31	-2.47	-2.21	-1.12	-1.09	0.93
Operating Cash Flow	59.1	31.81	47.08	46.33	44.33	37.7
Operating Cash Flow Growth	219.14%	-32.43%	1.61%	4.52%	17.58%	344.67%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-8.05	-6.63	-1.71	-4.23	-1.16	-2.76
Cash Acquisitions	-	173.08	-	-	-	-
Investment in Securities	-55.46	31.16	42.93	47.51	43.24	-554
Net Decrease (Increase) in Loans Originated / Sold - Investing	-146.87	-89.32	-134.85	-219.52	-130.62	45.38
Other Investing Activities	-1.13	-2.68	-3.06	-5.12	-1.26	-10
Investing Cash Flow	-210.32	106.69	-96.35	-181.22	-89.81	-521.37

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	150	-	-
Long-Term Debt Issued	-	-	-	-	726	87.5
Total Debt Issued	30	-	-	150	726	87.5
Short-Term Debt Repaid	-	-80.21	-25	-	-	-
Long-Term Debt Repaid	-	-	-	-	-726	-14.33
Total Debt Repaid	66.29	-80.21	-25	-	-726	-14.33
Net Debt Issued (Repaid)	96.29	-80.21	-25	150	-	73.17
Issuance of Common Stock	0.96	0.89	32.77	0.23	0.17	0.14
Repurchase of Common Stock	-3.36	-2.68	-	-	-0.68	-7.79
Common Dividends Paid	-17.23	-16.95	-9.01	-7.91	-7.58	-7.2
Net Increase (Decrease) in Deposit Accounts	7.18	-47.99	92.05	4.05	65.71	377.72
Other Financing Activities	-0.25	-0.33	-0.22	-	-0.09	-
Financing Cash Flow	83.59	-147.26	90.58	146.37	57.54	436.04

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-67.63	-8.76	41.32	11.49	12.06	-47.63

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	51.04	25.19	45.38	42.1	43.16	34.94
Free Cash Flow Growth	247.34%	-44.49%	7.78%	-2.46%	23.54%	427.32%
Free Cash Flow Margin	30.04%	17.18%	49.80%	52.20%	53.38%	43.99%
Free Cash Flow Per Share	3.39	1.80	5.52	5.56	5.73	4.54

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	69.34	65.11	49.9	27.48	7.58	3.72
Cash Income Tax Paid	4.45	7.29	6.35	4.45	1.99	3.25

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

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