ChoiceOne Financial Services, Inc. (COFS)

Solvency & Capital Structure

Total Debt

$343.5M

Net Debt

-$300.7M

ChoiceOne Financial Services, Inc. currently has $343.5M in total debt. Net debt is -$300.7M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

COFS • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	0.34	0.64	-0.30Net Cash	4.46	7.7%
2026-03-31	0.23	0.08	0.15	4.39	5.3%
2025-12-31	0.31	0.22	0.09	4.41	7.1%
2025-09-30	0.25	0.11	0.14	4.30	5.7%
2025-06-30	0.25	0.17	0.08	4.31	5.7%
2025-03-31	0.19	0.16	0.03	4.31	4.3%
2024-12-31	0.21	0.58	-0.36Net Cash	2.72	7.7%
2024-09-30	0.25	0.64	-0.40Net Cash	2.73	9.0%
2024-06-30	0.25	0.59	-0.35Net Cash	2.62	9.4%
2024-03-31	0.25	0.65	-0.41Net Cash	2.67	9.2%
2023-12-31	0.24	0.57	-0.33Net Cash	2.58	9.1%
2023-09-30	0.22	0.64	-0.42Net Cash	2.57	8.4%
2023-06-30	0.20	0.60	-0.40Net Cash	2.48	7.9%
2023-03-31	0.12	0.59	-0.47Net Cash	2.41	5.0%
2022-12-31	0.09	0.57	-0.49Net Cash	2.39	3.6%
2022-09-30	0.04	0.58	-0.55Net Cash	2.36	1.5%
2022-06-30	0.04	0.61	-0.56Net Cash	2.36	1.8%
2022-03-31	0.04	0.73	-0.70Net Cash	2.38	1.5%
2021-12-31	0.09	1.13	-1.05Net Cash	2.37	3.6%
2021-09-30	0.03	1.09	-1.05Net Cash	2.28	1.5%
2021-06-30	0.01	0.95	-0.95Net Cash	2.12	0.3%
2021-03-31	0.01	0.86	-0.85Net Cash	2.07	0.3%
2020-12-31	0.01	0.65	-0.64Net Cash	1.92	0.6%
2020-09-30	0.01	0.51	-0.50Net Cash	1.83	0.7%
2020-06-30	0.01	0.44	-0.43Net Cash	1.55	0.7%
2020-03-31	0.02	0.41	-0.38Net Cash	1.40	1.7%
2019-12-31	0.03	0.40	-0.37Net Cash	1.39	2.4%
2019-09-30	0.00	0.17	-0.17Net Cash	0.66	0.0%
2019-06-30	0.01	0.18	-0.17Net Cash	0.66	1.1%
2019-03-31	0.02	0.18	-0.16Net Cash	0.67	3.0%
2018-12-31	0.01	0.19	-0.18Net Cash	0.67	1.5%
2018-09-30	0.03	0.18	-0.15Net Cash	0.65	3.9%
2018-06-30	0.02	0.17	-0.15Net Cash	0.63	3.8%
2018-03-31	0.01	0.18	-0.17Net Cash	0.62	2.0%
2017-12-31	0.03	0.19	-0.17Net Cash	0.65	4.2%
2017-09-30	0.04	0.19	-0.15Net Cash	0.64	5.7%
2017-06-30	0.03	0.20	-0.17Net Cash	0.63	4.2%
2017-03-31	0.03	0.19	-0.16Net Cash	0.62	5.3%
2016-12-31	0.02	0.19	-0.17Net Cash	0.61	3.3%
2016-09-30	0.04	0.19	-0.15Net Cash	0.60	7.4%
2016-06-30	0.05	0.19	-0.14Net Cash	0.59	8.6%
2016-03-31	0.02	0.18	-0.16Net Cash	0.58	4.3%
2015-12-31	0.02	0.17	-0.15Net Cash	0.57	3.7%
2015-09-30	0.02	0.17	-0.15Net Cash	0.55	2.7%
2015-06-30	0.05	0.17	-0.11Net Cash	0.55	9.7%
2015-03-31	0.04	0.16	-0.12Net Cash	0.54	7.7%
2014-12-31	0.05	0.16	-0.11Net Cash	0.55	8.2%
2014-09-30	0.04	0.15	-0.11Net Cash	0.53	7.9%
2014-06-30	0.04	0.16	-0.12Net Cash	0.53	6.9%
2014-03-31	0.03	0.16	-0.13Net Cash	0.52	5.1%
2013-12-31	0.03	0.16	-0.12Net Cash	0.51	6.3%
2013-09-30	0.03	0.14	-0.11Net Cash	0.50	5.7%
2013-06-30	0.03	0.14	-0.11Net Cash	0.50	6.3%
2013-03-31	0.02	0.15	-0.13Net Cash	0.51	3.7%
2012-12-31	0.02	0.15	-0.13Net Cash	0.51	3.9%
2012-09-30	0.03	0.03	-0.00Net Cash	0.51	5.0%
2012-06-30	0.03	0.02	0.01	0.50	6.1%
2012-03-31	0.03	0.03	0.00	0.50	5.5%
2011-12-31	0.05	0.13	-0.08Net Cash	0.50	10.5%
2011-09-30	0.03	0.01	0.02	0.49	5.7%
2011-06-30	0.03	0.02	0.01	0.48	6.3%
2011-03-31	0.01	0.03	-0.02Net Cash	0.49	1.7%
2010-12-31	0.03	0.02	0.01	0.48	6.4%
2010-09-30	0.03	0.02	0.01	0.48	7.2%
2010-06-30	0.03	0.01	0.03	0.46	7.5%
2010-03-31	0.04	0.01	0.03	0.46	7.8%
2009-12-31	0.04	0.01	0.03	0.47	9.2%
2009-09-30	0.04	0.01	0.03	0.46	8.6%
2009-06-30	0.05	0.01	0.04	0.45	10.7%
2009-03-31	0.04	0.01	0.03	0.46	9.6%
2008-12-31	0.08	0.01	0.07	0.46	16.7%
2008-09-30	0.06	0.01	0.06	0.46	13.9%
2008-06-30	0.06	0.01	0.05	0.47	13.1%
2008-03-31	0.06	0.01	0.05	0.47	12.1%
2007-12-31	0.06	0.01	0.05	0.47	12.3%
2007-09-30	0.05	0.01	0.04	0.47	10.7%
2007-06-30	0.05	0.01	0.04	0.47	11.2%
2007-03-31	0.04	0.01	0.03	0.46	8.7%
2006-12-31	0.04	0.01	0.03	0.47	8.4%
2006-09-30	0.03	0.00	0.03	0.26	12.3%
2006-06-30	0.04	0.00	0.03	0.25	15.4%
2006-03-31	0.03	0.00	0.03	0.25	13.2%
2005-12-31	0.04	0.00	0.04	0.25	17.0%
2005-09-30	0.04	0.01	0.04	0.24	17.2%
2005-06-30	0.05	0.00	0.04	0.24	18.9%
2005-03-31	0.04	0.00	0.04	0.24	18.5%
2004-12-31	0.04	0.00	0.04	0.23	18.0%
2004-09-30	0.04	0.00	0.04	0.23	17.9%
2004-06-30	0.05	0.00	0.04	0.23	20.8%
2004-03-31	0.04	0.00	0.04	0.22	19.9%
2003-12-31	0.05	0.00	0.04	0.22	21.8%
2003-09-30	0.04	0.00	0.03	0.21	17.1%
2003-06-30	0.04	0.00	0.03	0.21	17.6%
2003-03-31	0.04	0.00	0.03	0.21	18.0%
2002-12-31	0.04	0.01	0.03	0.21	18.2%
2002-09-30	0.05	0.00	0.05	0.22	23.3%
2002-06-30	0.05	0.00	0.04	0.21	22.0%
2002-03-31	0.05	0.00	0.04	0.20	22.6%
2001-12-31	0.04	0.00	0.04	0.20	21.2%
2001-09-30	0.05	0.01	0.04	0.20	22.1%
2001-06-30	0.05	0.01	0.04	0.20	23.8%
2001-03-31	0.05	0.00	0.04	0.20	22.8%
2000-12-31	0.04	0.00	0.04	0.20	21.7%
2000-09-30	0.04	0.00	0.04	0.20	22.5%
2000-06-30	0.04	0.00	0.04	0.20	22.0%
2000-03-31	0.05	0.00	0.04	0.20	22.9%
1999-12-31	0.05	0.00	0.04	0.19	24.1%
1999-09-30	8.10	-0.02	8.12	-1.04	-778.9%
1999-06-30	0.25	0.00	0.25	0.00	—