ChoiceOne Financial COFS Borrowings
Borrowings at other companies
Other financials
Where this comes from
Reported directly by ChoiceOne Financial in its filing.
Tagged under the XBRL concept cofs:Borrowings.
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 borrowings?
- ChoiceOne Financial (COFS) reported borrowings of $184.82M in Q1 2026.
- How has ChoiceOne Financial's borrowings changed year-over-year?
- ChoiceOne Financial's borrowings increased by 34.6% year-over-year, from $137.33M to $184.82M.
- What is the long-term trend for ChoiceOne Financial's borrowings?
- Over 5 years (2020 to 2025), ChoiceOne Financial's borrowings has grown at a 95.3% compound annual growth rate (CAGR), from $9.33M to $264.79M.
- What does borrowings mean?
- This metric represents the total outstanding long-term debt obligations of the financial institution that are due beyond one year. It encompasses various funding sources such as federal funds purchased, securities sold under repurchase agreements, and other long-term advances used to support the bank's lending and liquidity needs. Monitoring this balance helps investors assess the bank's reliance on wholesale funding and its long-term leverage profile.