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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheets |
Condensed Balance Sheets |
(Dollars in thousands) |  | December 31, |
|  | 2019 |  |  | 2018 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 991 |  |  | $ | 1,400 |
Equity securities at fair value |  |  | 1,840 |  |  |  | 1,960 |
Securities available for sale |  |  | 959 |  |  |  | 1,692 |
Other assets |  |  | 468 |  |  |  | 122 |
Investment in Bank subsidiaries |  |  | 189,578 |  |  |  | 75,313 |
Total assets |  | $ | 193,836 |  |  | $ | 80,487 |
Liabilities |  |  |  |  |  |  |  |
Other liabilities |  | $ | 1,697 |  |  | $ | 10 |
Total liabilities |  |  | 1,697 |  |  |  | 10 |
Shareholders’ equity |  |  | 192,139 |  |  |  | 80,477 |
Total liabilities and shareholders’ equity |  | $ | 193,836 |  |  | $ | 80,487 |
Schedule of condensed statements of income |
Condensed Statements of Income |
(Dollars in thousands) |  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Interest and dividends from ChoiceOne Bank |  | $ | 4,011 |  |  | $ | 2,800 |  |  | $ | 3,042 |
Interest and dividends from other securities |  |  | 50 |  |  |  | 47 |  |  |  | 55 |
Gains on sales of securities |  |  | 8 |  |  |  | 9 |  |  |  | 1 |
Change in market value of equity securities |  |  | (114 | ) |  |  | 184 |  |  |  | — |
Total income |  |  | 3,955 |  |  |  | 3,040 |  |  |  | 3,098 |
Other expenses |  |  | 2,348 |  |  |  | 144 |  |  |  | 123 |
Income before income tax and equity in undistributed net income of subsidiaries |  |  | 1,607 |  |  |  | 2,896 |  |  |  | 2,975 |
Income tax (expense)/benefit |  |  | 261 |  |  |  | (14 | ) |  |  | 73 |
Income before equity in undistributed net income of subsidiaries |  |  | 1,868 |  |  |  | 2,882 |  |  |  | 3,048 |
Equity in undistributed net income of subsidiaries |  |  | 5,303 |  |  |  | 4,451 |  |  |  | 3,120 |
Net income |  | $ | 7,171 |  |  | $ | 7,333 |  |  | $ | 6,168 |
Schedule of condensed statements of cash flows |
Condensed Statements of Cash Flows |
(Dollars in thousands) |  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,171 |  |  | $ | 7,333 |  |  | $ | 6,168 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (5,303 | ) |  |  | (4,451 | ) |  |  | (3,120 | )
Amortization |  |  | 14 |  |  |  | 18 |  |  |  | 19 |
Compensation expense on employee and director stock purchases, stock options, and restricted stock units |  |  | 359 |  |  |  | 331 |  |  |  | 304 |
Net gain on sale of securities |  |  | (8 | ) |  |  | (9 | ) |  |  | (1 | )
Change in market value of equity securities |  |  | 114 |  |  |  | (184 | ) |  |  | — |
Changes in other assets |  |  | (344 | ) |  |  | 66 |  |  |  | (37 | )
Changes in other liabilities |  |  | 1,485 |  |  |  | (19 | ) |  |  | (39 | )
Net cash from operating activities |  |  | 3,488 |  |  |  | 3,085 |  |  |  | 3,294 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Sales of securities |  |  | 1,102 |  |  |  | 91 |  |  |  | 334 |
Purchases of securities |  |  | — |  |  |  | — |  |  |  | (466 | )
Cash acquired from merger with County Bank Corp |  |  | 1,038 |  |  |  | — |  |  |  | — |
Net cash from investing activities |  |  | 2,140 |  |  |  | 91 |  |  |  | (132 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock |  |  | 142 |  |  |  | 77 |  |  |  | 98 |
Repurchase of common stock |  |  | (67 | ) |  |  | (523 | ) |  |  | (203 | )
Cash used as part of equity issuance for merger |  |  | (297 | ) |  |  | — |  |  |  | — |
Cash dividends and fractional shares from stock dividend and merger |  |  | (5,815 | ) |  |  | (2,579 | ) |  |  | (2,324 | )
Net cash from financing activities |  |  | (6,037 | ) |  |  | (3,025 | ) |  |  | (2,429 | )
Net change in cash |  |  | (409 | ) |  |  | 151 |  |  |  | 733 |
Beginning cash |  |  | 1,400 |  |  |  | 1,249 |  |  |  | 516 |
Ending cash |  | $ | 991 |  |  | $ | 1,400 |  |  | $ | 1,249

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