Published in Breaking News

ChoiceOne sees slight bump in earnings for second quarter

BY MiBiz Staff Wednesday, July 27, 2016 05:05pm

SPARTA — ChoiceOne Financial Services Inc., the parent company for Sparta-based ChoiceOne Bank, today reported slightly higher earnings for the second quarter.

Net income for the April-to-June period totaled $1.44 million, or 43 cents per share, versus $1.43 million, or 43 cents per share, a year earlier. ChoiceOne (OTC:COFS) reported midyear net income of $3.0 million, or 93 cents per share, which compares to $2.7 million, or 82 cents per share, for the first six months of 2015.

ChoiceOne ended the quarter with assets of $590.4 million, up from $546.9 million a year earlier.

The bank has 12 banking offices in Kent, Ottawa. Muskegon and Newaygo counties and opened a lending office in downtown Grand Rapids during the second quarter.

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