What is ChoiceOne Financial's mortgage warehouse advances?

ChoiceOne Financial (COFS) reported mortgage warehouse advances of $51.19M in Q1 2026.

What does mortgage warehouse advances mean?

This metric tracks short-term financing provided to mortgage originators to fund loans before they are sold into the secondary market. It serves as a key indicator of the bank's involvement in the mortgage banking ecosystem and its exposure to residential real estate origination cycles.

ChoiceOne Financial COFS Mortgage Warehouse Advances

Mortgage Warehouse Advances at other companies

CBRE GroupCBRE

$950M-20.3%

Merchants BancorpMBIN

$8.54B+44.8%

Merchants BancorpMBIN

$4.32M+684%

Merchants BancorpMBIN

$100.65M+16.9%

Republic BancorpRBCAA

$629.85M+10.6%

Merchants BancorpMBIN

$2.7M+219%

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 cofs:MortgageWarehouseAdvances.

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 mortgage warehouse advances?: ChoiceOne Financial (COFS) reported mortgage warehouse advances of $51.19M in Q1 2026.
What does mortgage warehouse advances mean?: This metric tracks short-term financing provided to mortgage originators to fund loans before they are sold into the secondary market. It serves as a key indicator of the bank's involvement in the mortgage banking ecosystem and its exposure to residential real estate origination cycles.