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ChoiceOne Financial COFS Brokered Deposits

Brokered Deposits at other companies

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Unity BancorpUNTY
$270.6M+33.7%
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First BanCorpFBP
$507.01M+5.1%
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Independent Bank CorporationIBCP
$57.22M-28.9%
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Hope BancorpHOPE
$1.04B+6.1%
Citizens Financial Services, Inc. logo
Citizens Financial Services, Inc.CZFS
$60M-35.5%
Shore Bancshares logo
Shore BancsharesSHBI
$10.96M

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×

Where this comes from

Reported directly by ChoiceOne Financial in its filing.

Tagged under the XBRL concept cofs:BrokeredDeposits.

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 brokered deposits?
ChoiceOne Financial (COFS) reported brokered deposits of $103.38M in Q1 2026.
How has ChoiceOne Financial's brokered deposits changed year-over-year?
ChoiceOne Financial's brokered deposits increased by 53.6% year-over-year, from $67.3M to $103.38M.
What is the long-term trend for ChoiceOne Financial's brokered deposits?
Over 3 years (2022 to 2025), ChoiceOne Financial's brokered deposits has grown at a 291.9% compound annual growth rate (CAGR), from $1.74M to $104.91M.
What does brokered deposits mean?
This represents deposits obtained through third-party brokers rather than the bank's direct retail or commercial customer base. While these provide quick access to liquidity, they are often more expensive and sensitive to market conditions than core deposits.