XML 122 R109.htm IDEA: XBRL DOCUMENT v3.21.1
Note 16 - Condensed Financial Statements of Parent Company - Condensed Statements of Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Total interest income $ 15,040 $ 15,150 $ 12,863 $ 12,662 $ 12,881 $ 6,561 $ 6,554 $ 6,477 $ 55,715 $ 32,473 $ 24,525
Net interest income 13,992 14,062 11,879 11,138 11,206 5,570 5,501 5,496 51,071 27,773 22,064
Gains on sales of securities                 1,308 22 34
Net gains and losses recognized during the period                 (155) 0 71
Total noninterest income                 22,698 9,168 6,920
Salaries and benefits (Note 13 and 14)                 26,539 14,401 10,997
Professional fees                 3,716 3,112 1,349
Other                 4,701 2,863 2,287
Total noninterest expense                 50,884 28,476 20,461
Income tax (expense)/benefit                 (3,272) (1,294) (1,155)
Net income $ 4,100 $ 3,829 $ 4,430 $ 3,254 $ 3,027 $ 1,021 $ 1,486 $ 1,637 15,613 7,171 7,333
Parent Company [Member]                      
Interest and dividends from ChoiceOne Bank                 12,942 4,011 2,800
Interest and dividends from other securities                 13 50 47
Total interest income                 12,955 4,061 2,847
Borrowings                 239 0 0
Net interest income                 12,716 4,061 2,847
Gains on sales of securities                 26 8 9
Net gains and losses recognized during the period                 (155) (114) 184
Total noninterest income                 (129) (106) 193
Salaries and benefits (Note 13 and 14)                 1,201 339 0
Professional fees                 1,093 1,517 0
Other                 217 492 144
Total noninterest expense                 2,511 2,348 144
Income before income tax and equity in undistributed net income of subsidiary                 10,076 1,607 2,896
Income tax (expense)/benefit                 431 261 (14)
Income before equity in undistributed net income of subsidiary                 10,507 1,868 2,882
Equity in undistributed net income of subsidiary                 5,106 5,303 4,451
Net income                 $ 15,613 $ 7,171 $ 7,333