ChoiceOne Financial Services (COFS) Debt/Equity Ratio: History & Chart

ChoiceOne Financial Services, Inc.(COFS)

Banks - Regional · Sparta, MI

$33.03-0.02 (-0.08%)

Delayed quote: Oct 6, 2026, 9:39 AM EDT

About ChoiceOne Financial Services, Inc.

ChoiceOne Financial Services, Inc. functions as the holding company for ChoiceOne Bank, which delivers a comprehensive range of community banking services to businesses (corporations and partnerships) and individual clients across Michigan. The institution offers diverse deposit solutions, including time, savings, and demand accounts, alongside access to safe deposit boxes and automated teller machine (ATM) facilities. Its lending portfolio is extensive, providing commercial loans for various purposes such such as business operations, industrial endeavors, agriculture, construction projects, inventory financing, and real estate purchases. For consumers, ChoiceOne extends both direct and indirect loans, catering to personal needs and residential property acquisition. Beyond traditional banking, the company also provides alternative investment products, such as annuities and mutual funds, and offers life and health insurance policies to both its commercial and individual clientele. ChoiceOne maintains a substantial operational footprint with 32 full-service branch offices situated in Michigan's Kent, Muskegon, Newaygo, Ottawa, Lapeer, Macomb, and St. Clair counties. Additionally, it operates three specialized loan production offices. Established in 1898, ChoiceOne Financial Services, Inc. is headquartered in Sparta, Michigan.

Sparta, MI

577 employees

www.choiceone.bank

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Kelly J. Potes

View full financials

COFS Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.71

DEBT TO EQUITY RATIO AVG TTM

0.60

DEBT TO EQUITY RATIO AVG 3Y

0.85

DEBT TO EQUITY RATIO AVG 5Y

0.64

DEBT TO EQUITY RATIO AVG 10Y

0.45

DEBT TO EQUITY RATIO AVG 15Y

0.43

DEBT TO EQUITY RATIO AVG 20Y

0.56

CURRENT VS TTM AVG

+18.56%

CURRENT VS 3Y AVG

-16.30%

CURRENT VS 5Y AVG

+10.73%

CURRENT VS 10Y AVG

+57.88%

CURRENT VS 15Y AVG

+65.29%

CURRENT VS 20Y AVG

+28.13%

SECTOR MEDIAN · FINANCIAL SERVICES

0.34

median of 433 covered companies

CURRENT VS SECTOR MEDIAN

+109.31%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
ChoiceOne Financial Services, Inc. (COFS)	$493.74M	0.71	0.60	0.85	0.64
Farmers & Merchants Bancorp, Inc. (FMAO)vs ›	$490.01M	0.57	0.86	0.88	0.69
Greenlight Capital Re, Ltd. (GLRE)vs ›	$493.18M	0.01	0.06	0.10	0.13
Churchill Capital Corp XI (CCXI)vs ›	$507.53M	0.00	0.00	0.00	0.00
Sierra Bancorp (BSRR)vs ›	$518.39M	0.57	1.09	1.29	1.06
Crane Harbor Acquisition Corp. II Class A Ordinary Shares (CRAN)vs ›	$474.86M	0.00	0.00	0.00	0.00
Cantor Equity Partners IV, Inc. Class A Ordinary Shares (CEPF)vs ›	$471.62M	0.00	0.00	0.00	0.00
Gores Holdings X, Inc. (GTEN)vs ›	$471.94M	N/A	0.00	0.00	0.00
Bankwell Financial Group, Inc. (BWFG)vs ›	$525.91M	0.31	0.59	0.61	0.67
Home Bancorp, Inc. (HBCP)vs ›	$529.92M	0.12	0.36	0.53	0.39

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

ChoiceOne Financial Services, Inc. (COFS)

$493.74M

0.71

0.60

0.85

0.64

Farmers & Merchants Bancorp, Inc. (FMAO)vs ›

$490.01M

0.57

0.86

0.88

0.69

Greenlight Capital Re, Ltd. (GLRE)vs ›

$493.18M

0.01

0.06

0.10

0.13

Churchill Capital Corp XI (CCXI)vs ›

$507.53M

0.00

Sierra Bancorp (BSRR)vs ›

$518.39M

0.57

1.09

1.29

1.06

Crane Harbor Acquisition Corp. II Class A Ordinary Shares (CRAN)vs ›

$474.86M

0.00

Cantor Equity Partners IV, Inc. Class A Ordinary Shares (CEPF)vs ›

$471.62M

0.00

Gores Holdings X, Inc. (GTEN)vs ›

$471.94M

N/A

0.00

Bankwell Financial Group, Inc. (BWFG)vs ›

$525.91M

0.31

0.59

0.61

0.67

Home Bancorp, Inc. (HBCP)vs ›

$529.92M

0.12

0.36

0.53

0.39

Debt to Equity Ratio FAQ

What is the debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The debt to equity ratio for COFS stock is 0.71.

Is ChoiceOne Financial Services, Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 0.71 is 11% above its 5-year average of 0.64, around the middle of its 5-year range (0.03–1.20).

What is the TTM average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The TTM average debt to equity ratio for COFS stock is 0.60.

What is the 3Y average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The 3Y average debt to equity ratio for COFS stock is 0.85.

What is the 5Y average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The 5Y average debt to equity ratio for COFS stock is 0.64.

What is the 10Y average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The 10Y average debt to equity ratio for COFS stock is 0.45.

What is the 15Y average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The 15Y average debt to equity ratio for COFS stock is 0.43.

What is the 20Y average debt to equity ratio for ChoiceOne Financial Services, Inc. (COFS)?

The 20Y average debt to equity ratio for COFS stock is 0.56.

DATE	DEBT TO EQUITY RATIO
2026-06-30	0.71
2026-03-31	0.50
2025-12-31	0.67
2025-09-30	0.55
2025-06-30	0.57
2025-03-31	0.43
2024-12-31	0.81
2024-09-30	0.99
2024-06-30	1.15
2024-03-31	1.19
2023-12-31	1.20
2023-09-30	1.19
2023-06-30	1.09
2023-03-31	0.71
2022-12-31	0.50
2022-09-30	0.22
2022-06-30	0.25
2022-03-31	0.18
2021-12-31	0.38
2021-09-30	0.16
2021-06-30	0.03
2021-03-31	0.03
2020-12-31	0.05
2020-09-30	0.06
2020-06-30	0.05
2020-03-31	0.12
2019-12-31	0.17
2019-09-30	0.00
2019-06-30	0.08
2019-03-31	0.24
2018-12-31	0.12
2018-09-30	0.33
2018-06-30	0.32
2018-03-31	0.17
2017-12-31	0.36
2017-09-30	0.48
2017-06-30	0.35
2017-03-31	0.45
2016-12-31	0.28
2016-09-30	0.60
2016-06-30	0.70
2016-03-31	0.35
2015-12-31	0.30
2015-09-30	0.22
2015-06-30	0.78
2015-03-31	0.62
2014-12-31	0.68
2014-09-30	0.65
2014-06-30	0.57
2014-03-31	0.43
2013-12-31	0.53
2013-09-30	0.47
2013-06-30	0.52
2013-03-31	0.31
2012-12-31	0.33
2012-09-30	0.43
2012-06-30	0.51
2012-03-31	0.47
2011-12-31	0.90
2011-09-30	0.49
2011-06-30	0.54
2011-03-31	0.15
2010-12-31	0.57
2010-09-30	0.64
2010-06-30	0.64
2010-03-31	0.67
2009-12-31	0.81
2009-09-30	0.73
2009-06-30	0.90
2009-03-31	0.83
2008-12-31	1.49
2008-09-30	1.20
2008-06-30	1.15
2008-03-31	1.05
2007-12-31	1.08
2007-09-30	0.95
2007-06-30	1.01
2007-03-31	0.78
2006-12-31	0.76
2006-09-30	1.40
2006-06-30	1.75
2006-03-31	1.49
2005-12-31	1.95
2005-09-30	1.93
2005-06-30	2.10
2005-03-31	2.08
2004-12-31	1.99
2004-09-30	1.96
2004-06-30	2.31
2004-03-31	2.06
2003-12-31	2.28
2003-09-30	1.76
2003-06-30	1.80
2003-03-31	1.88
2002-12-31	2.00
2002-09-30	2.62

DATE

DEBT TO EQUITY RATIO

2026-06-30

0.71

2026-03-31

0.50

2025-12-31

0.67

2025-09-30

0.55

2025-06-30

0.57

2025-03-31

0.43

2024-12-31

0.81

2024-09-30

0.99

2024-06-30

1.15

2024-03-31

1.19

2023-12-31

1.20

2023-09-30

1.19

2023-06-30

1.09

2023-03-31

0.71

2022-12-31

0.50

2022-09-30

0.22

2022-06-30

0.25

2022-03-31

0.18

2021-12-31

0.38

2021-09-30

0.16

2021-06-30

0.03

2021-03-31

0.03

2020-12-31

0.05

2020-09-30

0.06

2020-06-30

0.05

2020-03-31

0.12

2019-12-31

0.17

2019-09-30

0.00

2019-06-30

0.08

2019-03-31

0.24

2018-12-31

0.12

2018-09-30

0.33

2018-06-30

0.32

2018-03-31

0.17

2017-12-31

0.36

2017-09-30

0.48

2017-06-30

0.35

2017-03-31

0.45

2016-12-31

0.28

2016-09-30

0.60

2016-06-30

0.70

2016-03-31

0.35

2015-12-31

0.30

2015-09-30

0.22

2015-06-30

0.78

2015-03-31

0.62

2014-12-31

0.68

2014-09-30

0.65

2014-06-30

0.57

2014-03-31

0.43

2013-12-31

0.53

2013-09-30

0.47

2013-06-30

0.52

2013-03-31

0.31

2012-12-31

0.33

2012-09-30

0.43

2012-06-30

0.51

2012-03-31

0.47

2011-12-31

0.90

2011-09-30

0.49

2011-06-30

0.54

2011-03-31

0.15

2010-12-31

0.57

2010-09-30

0.64

2010-06-30

0.64

2010-03-31

0.67

2009-12-31

0.81

2009-09-30

0.73

2009-06-30

0.90

2009-03-31

0.83

2008-12-31

1.49

2008-09-30

1.20

2008-06-30

1.15

2008-03-31

1.05

2007-12-31

1.08

2007-09-30

0.95

2007-06-30

1.01

2007-03-31

0.78

2006-12-31

0.76

2006-09-30

1.40

2006-06-30

1.75

2006-03-31

1.49

2005-12-31

1.95

2005-09-30

1.93

2005-06-30

2.10

2005-03-31

2.08

2004-12-31

1.99

2004-09-30

1.96

2004-06-30

2.31

2004-03-31

2.06

2003-12-31

2.28

2003-09-30

1.76

2003-06-30

1.80

2003-03-31

1.88

2002-12-31

2.00

2002-09-30

2.62

Debt to Equity Ratio: 0.71

COFS Debt to Equity Ratio

COFS Average Debt to Equity Ratio Chart

COFS Current vs Average Debt to Equity Ratio Chart

COFS Debt to Equity Ratio Metrics

COFS Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

COFS Debt to Equity Ratio History

Related Metrics