COFS News & Events

Reports Q4 net interest margin on a tax-equivalent basis 3.63% vs. 3.77% in the previous quarter. Common equity Tier 1 capital ratio was 10.2% vs. 10.3% in the previous quarter. "2025 was a landmark year for ChoiceOne-not only because of the successful merger with Fentura and its subsidiary, The State Bank, but also due to our strong financial performance. These accomplishments are a direct result of the hard work and dedication of our exceptional team, whose efforts truly shined throughout the year" said Kelly Potes, CEO.

Reports Q3 net loan charge-offs to average loans of 0.03% and nonperforming loans to total loans of 0.69% as of September 30. Notably, 0.39% of the nonperforming loans to total loans is attributed to loans purchased with credit deterioration through the Merger. "ChoiceOne continues to deliver exceptional results, driven by the strength of our strategic merger with Fentura and a focus on serving our communities," said Kelly Potes, CEO. "We are proud of the momentum we have built and remain committed to creating lasting value for our customers, employees, and shareholders."

"We are pleased to report another outstanding quarter at ChoiceOne, highlighted by record net income and an expansion in our net interest margin," said Kelly Potes, Chief Executive Officer. "These results reflect the successful execution of our strategic merger with Fentura and The State Bank, which has strengthened our market position and enhanced our ability to serve our communities. As we move forward, we remain focused on delivering long-term value to our customers, employees, and shareholders."