ChoiceOne Financial COFS Allowance for credit losses
Allowance for credit losses at other companies
Other financials
Where this comes from
Reported directly by ChoiceOne Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLosses.
The official record: ChoiceOne Financial’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is ChoiceOne Financial's allowance for credit losses?
- ChoiceOne Financial (COFS) reported allowance for credit losses of $35.5M in Q1 2026.
- How has ChoiceOne Financial's allowance for credit losses changed year-over-year?
- ChoiceOne Financial's allowance for credit losses increased by 2.7% year-over-year, from $34.57M to $35.5M.
- What is the long-term trend for ChoiceOne Financial's allowance for credit losses?
- Over 5 years (2020 to 2025), ChoiceOne Financial's allowance for credit losses has grown at a 36.2% compound annual growth rate (CAGR), from $7.59M to $35.55M.
- What does allowance for credit losses mean?
- Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.