ChoiceOne Financial Services, Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0M | $28.4M | $27.2M | $26.1M | $24.7M | $23.8M | $24.6M | $24.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $10.9M | $10.0M | $9.2M | $8.7M | $8.9M | $8.3M | $8.1M | $8.1M |
| Operating Margin | 37.8% | 35.4% | 33.9% | 33.3% | 36.2% | 34.8% | 33.2% | 33.8% |
| Interest Expense | $2.5M | $1.5M | $969.0K | $990.0K | $1.2M | $1.4M | $2.5M | $3.6M |
| Pretax Income | $8.5M | $8.6M | $8.3M | $7.7M | $7.8M | $6.9M | $5.6M | $4.6M |
| Income Tax Expense | $1.2M | $2.4M | $2.2M | $1.9M | $2.1M | $1.8M | $1.3M | $1.1M |
| Net Income | $7.3M | $6.2M | $6.1M | $5.7M | $5.7M | $5.1M | $4.3M | $3.5M |
| Net Margin | 25.3% | 21.7% | 22.4% | 22.0% | 23.1% | 21.4% | 17.4% | 14.6% |
| EPS (Basic) | $2.03 | $1.70 | $1.68 | $1.67 | $1.73 | $1.55 | $1.29 | $1.07 |
| EPS (Diluted) | $2.02 | $1.70 | $1.68 | $1.66 | $1.72 | $1.54 | $1.29 | $1.07 |
| Shares Outstanding (Basic) | 3.6M | 3.6M | 3.6M | 3.5M | 3.3M | 3.3M | 3.3M | 3.3M |
| Shares Outstanding (Diluted) | 3.6M | 3.6M | 3.6M | 3.5M | 3.3M | 3.3M | 3.3M | 3.3M |
| Dividends Per Share | $0.71 | $0.64 | $0.62 | $0.63 | $0.59 | $0.54 | $0.50 | $0.48 |