What is ChoiceOne Financial's time deposits?

ChoiceOne Financial (COFS) reported time deposits of $598.74M in Q1 2026.

What does time deposits mean?

These are interest-bearing deposits with a fixed maturity date, such as certificates of deposit, which provide the bank with predictable long-term funding. They are essential for managing interest rate risk but typically represent a higher cost of funds compared to demand deposits.

ChoiceOne Financial COFS Time deposits

Time deposits at other companies

Ally FinancialALLY

$5.9B-9.2%

Financial InstitutionsFISI

$1.66B+2.1%

Capital City Bank GroupCCBG

$76M+33.8%

Pioneer Bancorp, Inc.PBFS

$27.4M+43.5%

STB

S&T BancorpSTBA

$1.98B+8.6%

JPMorgan ChaseJPM

——

Other financials

Income statement

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Revenue$42.5M+35.9%

Net income$13.7M+199%

EPS (diluted)$0.91+171%

Balance sheet

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Cash & equivalents$84.2M-39.6%

Total debt$2.9M+360%

Total equity$470.0M+10.1%

Total assets$4.4B+2.1%

Cash flow

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Operating cash flow-$177.0K+98.1%

CapEx$1.5M+82.5%

Free cash flow-$1.7M+83.4%

Valuation

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Market cap$490.73M+17.4%

P/E8.8×-49.4×

P/S2.8×-1.2×

Profitability

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Net margin32.3%+25.3pp

FCF margin19.5%—

Returns & leverage

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Return on equity12.4%+10.2pp

Debt / equity0×0.0×

Where this comes from

Reported directly by ChoiceOne Financial in its filing.

Tagged under the XBRL concept us-gaap:TimeDeposits.

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 time deposits?: ChoiceOne Financial (COFS) reported time deposits of $598.74M in Q1 2026.
What does time deposits mean?: These are interest-bearing deposits with a fixed maturity date, such as certificates of deposit, which provide the bank with predictable long-term funding. They are essential for managing interest rate risk but typically represent a higher cost of funds compared to demand deposits.