COFS News & Events

Reports Q1 annualized net loan charge-offs to average loans of 0.01%. Nonperforming loans to total loans increased to 1.01% as of March 31, compared to 0.98% as of December 31, 2025. Notably, 0.61% of the nonperforming loans to total loans is attributed to certain purchased loans which were identified prior to the Merger as having credit deterioration. "ChoiceOne delivered solid first-quarter performance, driven by strong net interest income, continued balance-sheet and expense discipline, and stable credit quality. Our loan pipeline looks strong as we continue to grow organically through deep customer relationships and executing on our strategic priorities across Michigan," said Kelly Potes, CEO.

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.