ChoiceOne Financial Services Inc 2026年季度报告

FORM 10-Q Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☒ For the quarterly period ended June 30, 2026 ☐Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period fromto. Commission File Number:001-39209 ChoiceOne Financial Services, Inc. (Exact Name of Registrant as Specified in its Charter) Michigan(State or Other Jurisdiction of Incorporation or Organization)38-2659066(I.R.S. Employer Identification No.) 109 East DivisionSparta, Michigan(Address of Principal Executive Offices)49345(Zip Code) (616) 887-7366(Registrant’s Telephone Number, including Area Code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐ Accelerated filer☒ Non-accelerated filer☐ Smaller reporting company☐ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: As of July 31, 2026, the Registrant had 14,955,520 shares of common stock outstanding. Table of Contents PART I.FINANCIAL INFORMATION3Item 1.Financial Statements3Consolidated Balance Sheets3Consolidated Statements Of Income4Consolidated Statements Of Comprehensive Income (Loss)5Consolidated Statements Of Changes In Shareholders’ Equity6Consolidated Statements Of Cash Flows8Notes To Interim Consolidated Financial Statements10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item 4.Controls and Procedures53PART II.OTHER INFORMATION54Item 1.Legal Proceedings54Item 1A.Risk Factors54Item 2.Unregistered Sales of Equity Securities and Use of Proceeds54Item 5.Other Information54Item 6.Exhibits55Signatures57 PART I. FINANCIAL INFORMATION ChoiceOne Financial Services, Inc.CONSOLIDATED BALANCE SHEETS(June 30, 2026 Unaudited) NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include ChoiceOne Financial Services, Inc. (“ChoiceOne”), its wholly-owned subsidiaries,ChoiceOne Bank (the “Bank”) and 109 Technologies, LLC, and ChoiceOne Bank’s wholly-owned subsidiary, ChoiceOneInsurance Agencies, Inc. (the “Insurance Agency”). Intercompany transactions and balances have been eliminated in consolidation. ChoiceOne owns all of the common securities of Community Shores Capital Trust I, Fentura Capital Trust I, and Fentura CapitalTrust II (collectively, the “Capital Trusts”). Under U.S. generally accepted accounting principles (“GAAP”), the Capital Trusts arenot consolidated because each is a variable interest entity and ChoiceOne is not the primary beneficiary. On March 1, 2025, ChoiceOne completed the merger (the “Merger”) of Fentura Financial, Inc. (“Fentura”), the former parentcompany of The State Bank, with and into ChoiceOne with ChoiceOne surviving the merger.On March 14, 2025, ChoiceOneBank completed the consolidation of The State Bank with and into ChoiceOne Bank with ChoiceOne Bank surviving theconsolidation. The accompanying unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurringadjustments, which, in the opinion of management, are necessary for a fair presentation of the interim financial statements.Operating results for the six months ended June 30, 2026, are not necessarily indicative of the results that may be expected for theyear ending December 31, 2026. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financialstatements and footnotes thereto included in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2025. Use of Estimates To prepare financial stat