ChoiceOne Financial Services, Inc.

ChoiceOne Financial Services, Inc.verified

COFS

Price:

$29.44

Market Cap:

$263.71M

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investmen...[Read more]

Industry

Banks - Regional

IPO Date

2001-06-21

Stock Exchange

NASDAQ

Ticker

COFS

The Current Ratio as of October 2024 (TTM) for ChoiceOne Financial Services, Inc. (COFS) is 0.20

According to ChoiceOne Financial Services, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.20. This represents a change of -55.22% compared to the average of 0.44 of the last 4 quarters.

ChoiceOne Financial Services, Inc. (COFS) Historical Current Ratio (quarterly & annually)

How has COFS Current Ratio performed in the past?

The mean historical Current Ratio of ChoiceOne Financial Services, Inc. over the last ten years is 268.08. The current 0.20 Current Ratio has changed -92.69% with respect to the historical average. Over the past ten years (40 quarters), COFS's Current Ratio was at its highest in in the December 2014 quarter at 3.10K. The Current Ratio was at its lowest in in the September 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

268.08

Median

0.90

Minimum

0.03

Maximum

1.35K

ChoiceOne Financial Services, Inc. (COFS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of ChoiceOne Financial Services, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.85%

Maximum Annual Current Ratio = 1.35K

Minimum Annual Increase = -99.96%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.03-99.76%
202211.82-47.75%
202122.623.85%
20200.5717.82%
20190.49-60.31%
20181.22153.70%
20170.48-5.86%
20160.51-99.96%
20151.35K4.25%
20141.29K-24.78%

ChoiceOne Financial Services, Inc. (COFS) Average Current Ratio

How has COFS Current Ratio performed in the past?

The current Current Ratio of ChoiceOne Financial Services, Inc. (COFS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

11.49

5-year avg

7.10

10-year avg

268.08

ChoiceOne Financial Services, Inc. (COFS) Current Ratio vs. Peers

How is COFS’s Current Ratio compared to its peers?

ChoiceOne Financial Services, Inc.’s Current Ratio is less than Oconee Federal Financial Corp. (0.22), less than Cullman Bancorp, Inc. (76.62), less than HMN Financial, Inc. (4.41), less than Home Federal Bancorp, Inc. of Louisiana (10.99), greater than First Northwest Bancorp (0.06), greater than HV Bancorp, Inc. (0), less than Lake Shore Bancorp, Inc. (0.21), less than Affinity Bancshares, Inc. (0.33), greater than Oak Valley Bancorp (0.12), greater than John Marshall Bancorp, Inc. (0.13), less than Northeast Community Bancorp, Inc. (0.45), less than Citizens Holding Company (14.42), greater than Community West Bancshares (0.05),

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