XML 29 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Schedule of activity in the allowance for loan losses and balances in the loan portfolio

Activity in the allowance for loan losses and balances in the loan portfolio were as follows:

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses Three Months Ended June 30, 2018
Beginning balance		$	350			$	1,005			$	245			$	1,786			$	18			$	625			$	680			$	4,709
Charge-offs			—				(57	)			(50	)			—				—				(9	)			—				(116	)
Recoveries			—				—				15				3				—				48				—				66
Provision			9				22				(5	)			122				(2	)			(44	)			(102	)			—
Ending balance		$	359			$	970			$	205			$	1,911			$	16			$	620			$	578			$	4,659
Six Months Ended June 30, 2018
Beginning balance		$	506			$	1,001			$	262			$	1,761			$	35			$	726			$	286			$	4,577
Charge-offs			—				(58	)			(118	)			—				—				(13	)			—				(188	)
Recoveries			—				53				51				59				—				73				—				236
Provision			(147	)			(26	)			10				91				(19	)			(166	)			292				35
Ending balance		$	359			$	970			$	205			$	1,911			$	16			$	620			$	578			$	4,659
Individually evaluated for
impairment		$	—			$	76			$	1			$	28			$	—			$	221			$	—			$	326
Collectively evaluated for
impairment		$	359			$	894			$	204			$	1,883			$	16			$	399			$	577			$	4,333
Three Months Ended June 30, 2017
Beginning balance		$	406			$	745			$	286			$	1,414			$	23			$	727			$	724			$	4,325
Charge-offs			—				(352	)			(57	)			—				—				—				—				(409	)
Recoveries			—				—				39				49				40				29				—				157
Provision			(11	)			511				26				88				(39	)			(7	)			(543	)			25
Ending balance		$	395			$	904			$	294			$	1,551			$	24			$	749			$	181			$	4,098
Six Months Ended June 30, 2017
Beginning balance		$	433			$	688			$	305			$	1,438			$	62			$	1,014			$	337			$	4,277
Charge-offs			—				(362	)			(137	)			—				—				(34	)			—				(533	)
Recoveries			—				—				91				161				40				37				—				329
Provision			(38	)			578				35				(48	)			(78	)			(268	)			(156	)			25
Ending balance		$	395			$	904			$	294			$	1,551			$	24			$	749			$	181			$	4,098
Individually evaluated for
impairment		$	—			$	27			$	4			$	65			$	—			$	271			$	—			$	367
Collectively evaluated for
impairment		$	395			$	877			$	290			$	1,486			$	24			$	478			$	181			$	3,731
Loans June 30, 2018
Individually evaluated for
impairment		$	421			$	292			$	58			$	815			$	—			$	2,692							$	4,278
Collectively evaluated for
impairment			38,951				96,746				24,122				135,394				3,682				92,725								391,620
Ending balance		$	39,372			$	97,038			$	24,180			$	136,209			$	3,682			$	95,417							$	395,898
December 31, 2017
Individually evaluated for
impairment		$	423			$	124			$	36			$	778			$	—			$	2,779							$	4,140
Collectively evaluated for
impairment			48,041				104,262				24,477				122,709				6,613				88,543								394,645
Ending balance		$	48,464			$	104,386			$	24,513			$	123,487			$	6,613			$	91,322							$	398,785

Schedule of the bank's credit exposure

Information regarding the Bank’s credit exposure is as follows:

Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category

		Agricultural								Commercial and Industrial								Commercial Real Estate
(Dollars in thousands)		June 30,				December 31,				June 30,				December 31,				June 30,				December 31,
		2018				2017				2018				2017				2018				2017
Risk ratings 1 and 2		$	11,449			$	14,813			$	12,253			$	13,491			$	8,392			$	8,227
Risk rating 3			17,983				22,721				60,172				63,366				91,126				78,868
Risk rating 4			9,108				10,199				23,292				26,943				33,074				33,429
Risk rating 5			411				308				1,188				491				2,269				1,533
Risk rating 6			421				423				133				95				1,348				1,430
		$	39,372			$	48,464			$	97,038			$	104,386			$	136,209			$	123,487

Corporate Credit Exposure - Credit Risk Profile Based On Payment Activity

		Consumer								Construction Real Estate								Residential Real Estate
(Dollars in thousands)		June 30,				December 31,				June 30,				December 31,				June 30,				December 31,
		2018				2017				2018				2017				2018				2017
Performing		$	24,180			$	24,497			$	3,682			$	6,613			$	94,875			$	90,629
Nonperforming			—				1				—				—				—				257
Nonaccrual			—				15				—				—				542				436
		$	24,180			$	24,513			$	3,682			$	6,613			$	95,417			$	91,322

Schedule of information on TDRs

The following schedule provides information on loans that were considered troubled debt restructurings (“TDRs”) that were modified during the three and six months periods ended June 30, 2018. There were no loans that were considered TDRs that were modified during the three and six months periods ended June 30, 2017:

Three Months Ended June 30, 2018

Six Months Ended June 30, 2018

Pre-

Post-

Pre-

Post-

Modification

Modification

Modification

Modification

Outstanding

Outstanding

Outstanding

Outstanding

(Dollars in thousands)

Number of

Recorded

Recorded

Number of

Recorded

Recorded

Loans

Investment

Investment

Loans

Investment

Investment

Commercial and industrial

—

$

—

$

—

1

$

39

$

39

The following schedule provides information on TDRs as of June 30, 2018 where the borrower was past due with respect to principal and/or interest for 30 days or more during the three month and six months ended June 30, 2018 that had been modified during the year prior to the default:

Three Months Ended June 30, 2018

Six Months Ended June 30, 2018

(Dollars in thousands)

Number

Recorded

Number

Recorded

of Loans

Investment

of Loans

Investment

Commercial and industrial

1

$

39

1

$

39

The following schedule provides information on TDRs as of June 30, 2017 where the borrower was past due with respect to principal and/or interest for 30 days or more during the three month and six months ended June 30, 2017 that had been modified during the year prior to the default:

Three Months Ended June 30, 2017

Six Months Ended June 30, 2017

(Dollars in thousands)

Number

Recorded

Number

Recorded

of Loans

Investment

of Loans

Investment

Commercial real estate

—

$

—

1

$

128

Schedule of impaired loans

Impaired loans by loan category follow:

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
June 30, 2018
With no related allowance recorded
Agricultural		$	421			$	455			$	—
Commercial and industrial			61				61				—
Consumer			—				—				—
Commercial real estate			53				55				—
Residential real estate			110				122				—
Subtotal			645				693				—
With an allowance recorded
Agricultural			—				—				—
Commercial and industrial			231				266				76
Consumer			58				59				1
Commercial real estate			762				849				28
Residential real estate			2,582				2,616				221
Subtotal			3,633				3,790				326
Total
Agricultural			421				455				—
Commercial and industrial			292				327				76
Consumer			58				59				1
Commercial real estate			815				904				28
Residential real estate			2,692				2,738				221
Total		$	4,278			$	4,483			$	326
December 31, 2017
With no related allowance recorded
Agricultural		$	423			$	455			$	—
Commercial and industrial			—				—				—
Consumer			—				—				—
Commercial real estate			127				258				—
Residential real estate			115				126				—
Subtotal			665				839				—
With an allowance recorded
Agricultural			—				—				—
Commercial and industrial			124				124				26
Consumer			36				36				3
Commercial real estate			651				734				49
Residential real estate			2,664				2,690				224
Subtotal			3,475				3,584				302
Total
Agricultural			423				455				—
Commercial and industrial			124				124				26
Consumer			36				36				3
Commercial real estate			778				992				49
Residential real estate			2,779				2,816				224
Total		$	4,140			$	4,423			$	302

Schedule of average balances of impaired loans and interest recognized on impaired loans

The following schedule provides information regarding average balances of impaired loans and interest recognized on impaired loans for the six months ended June 30, 2018 and 2017:

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
June 30, 2018
With no related allowance recorded
Agricultural		$	423			$	—
Commercial and industrial			20				2
Consumer			3				—
Commercial real estate			79				—
Residential real estate			137				1
Subtotal			662				3
With an allowance recorded
Agricultural			—				—
Commercial and industrial			215				8
Consumer			43				1
Commercial real estate			733				22
Residential real estate			2,633				63
Subtotal			3,624				94
Agricultural			423				—
Commercial and industrial			235				10
Consumer			46				1
Commercial real estate			812				22
Residential real estate			2,770				64
Total		$	4,286			$	97
June 30, 2017
With no related allowance recorded
Agricultural		$	308			$	—
Commercial and industrial			186				—
Consumer			—				—
Commercial real estate			181				—
Residential real estate			158				2
Subtotal			833				2
With an allowance recorded
Agricultural			175				—
Commercial and industrial			182				1
Consumer			31				1
Commercial real estate			853				17
Residential real estate			2,590				56
Subtotal			3,831				75
Agricultural			483				—
Commercial and industrial			368				1
Consumer			31				1
Commercial real estate			1,034				17
Residential real estate			2,748				58
Total		$	4,664			$	77

Schedule of aging analysis of loans by loan category

An aging analysis of loans by loan category follows:

										Greater																90 Days Past
(Dollars in thousands)		30 to 59				60 to 89				Than 90								Loans Not								Due and
		Days				Days				Days (1)				Total				Past Due				Total Loans				Accruing
June 30, 2018
Agricultural		$	—			$	—			$	421			$	421			$	38,951			$	39,372			$	—
Commercial and industrial			—				—				39				39				96,999				97,038				—
Consumer			93				—				—				93				24,087				24,180				—
Commercial real estate			84				79				—				163				136,046				136,209				—
Construction real estate			268				—				—				268				3,414				3,682				—
Residential real estate			694				475				66				1,235				94,182				95,417				—
		$	1,139			$	554			$	526			$	2,219			$	393,679			$	395,898			$	—
December 31, 2017
Agricultural		$	—			$	—			$	83			$	83			$	48,381			$	48,464			$	—
Commercial and industrial			20				—				—				20				104,366				104,386				—
Consumer			142				38				1				181				24,332				24,513				—
Commercial real estate			95				58				69				222				123,265				123,487				—
Construction real estate			—				—				—				—				6,613				6,613				—
Residential real estate			585				272				296				1,153				90,169				91,322				258
		$	842			$	368			$	449			$	1,659			$	397,126			$	398,785			$	258

(1) Includes nonaccrual loans.

Schedule of nonaccrual loans by loan category

Nonaccrual loans by loan category follow:

(Dollars in thousands)		June 30,				December 31,
		2018				2017
Agricultural		$	421			$	423
Commercial and industrial			39				—
Consumer			—				15
Commercial real estate			138				222
Construction real estate			—				—
Residential real estate			542				436
		$	1,140			$	1,096

X

- Definition

Tabulur disclosure of information on TDRs.

+ References

No definition available.

+ Details

Name:	cofs_ScheduleOfInformationOnTdrsTextBlock
Namespace Prefix:	cofs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure related to average balances of impaired loans and interest recognized on impaired loans.

+ References

No definition available.

+ Details

Name:	cofs_ScheduleOfaverageBalancesOfImpairedLoansAndInterestRecognizedOnImpairedLoans
Namespace Prefix:	cofs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration