XML 125 R111.htm IDEA: XBRL DOCUMENT v3.23.1
Note 17 - Condensed Financial Statements of Parent Company - Condensed Statements of Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total interest income $ 75,060 $ 64,618 $ 55,715
Net interest income 67,314 60,641 51,071
Gains on sales of securities (809) (40) 1,308
Change in market value of equity securities (955) 479 (155)
Other 1,219 981 941
Total noninterest income 14,072 19,194 22,698
Salaries and benefits (Note 14 and 15) 30,391 29,300 26,539
Professional fees 2,175 3,009 3,716
Other 4,636 4,682 4,701
Total noninterest expense 53,478 52,921 50,884
Income before income tax 27,658 26,498 18,885
Income tax (expense)/benefit (4,018) (4,456) (3,272)
Net income 23,640 22,042 15,613
Parent Company [Member]      
Interest and dividends from ChoiceOne Bank 0 6,125 12,942
Interest and dividends from other securities 27 10 13
Total interest income 27 6,135 12,955
Borrowings 1,491 645 239
Net interest income (1,464) 5,490 12,716
Gains on sales of securities 0 0 26
Change in market value of equity securities (385) 554 (155)
Other 2 4 0
Total noninterest income (383) 558 (129)
Salaries and benefits (Note 14 and 15) 0 0 1,201
Professional fees 40 15 1,093
Other 174 203 217
Total noninterest expense 214 218 2,511
Income before income tax (2,061) 5,830 10,076
Income tax (expense)/benefit 433 64 431
Income before equity in undistributed net income of subsidiary (1,628) 5,894 10,507
Equity in undistributed net income of subsidiary 25,268 16,148 5,106
Net income $ 23,640 $ 22,042 $ 15,613