SELECT * FROM `stock_list` WHERE `symbol` = "COFS" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
SELECT * FROM `stock_list` where symbol='COFS' AND exchange = 'NAS' limit 0,1
SELECT * FROM `stock_list` WHERE `symbol` = "COFS" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1 COFS (ChoiceOne Financial Services) Efficiency Overhead Rat
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Efficiency Overhead Ratio %

ChoiceOne Financial Services (ChoiceOne Financial Services) Efficiency Overhead Ratio % : 0.00% (As of Sep. 2023)


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What is ChoiceOne Financial Services Efficiency Overhead Ratio %?

Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.

The historical rank and industry rank for ChoiceOne Financial Services's Efficiency Overhead Ratio % or its related term are showing as below:

COFS's Efficiency Overhead Ratio % is not ranked *
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Efficiency Overhead Ratio % only.

ChoiceOne Financial Services Efficiency Overhead Ratio % Historical Data

The historical data trend for ChoiceOne Financial Services's Efficiency Overhead Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ChoiceOne Financial Services Efficiency Overhead Ratio % Chart

ChoiceOne Financial Services Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Efficiency Overhead Ratio %
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Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Net Charge Offs to Average Loans %
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ChoiceOne Financial ServicesQuarterly Data
Trend Sep19 Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
Efficiency Overhead Ratio %
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Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Competitive Comparison of ChoiceOne Financial Services's Efficiency Overhead Ratio %

For the Banks - Regional subindustry, ChoiceOne Financial Services's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ChoiceOne Financial Services  (NAS:COFS) Efficiency Overhead Ratio % Calculation

Efficiency Overhead Ratio % is calculated as

Efficiency Overhead Ratio %=Non-interest Expenses / Revenue

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ChoiceOne Financial Services  (NAS:COFS) Efficiency Overhead Ratio % Explanation

Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.

An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.


ChoiceOne Financial Services Efficiency Overhead Ratio % Related Terms

Thank you for viewing the detailed overview of ChoiceOne Financial Services's Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
109 East Division Street, Sparta, MI, USA, 49345
ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.
Executives
Greg L. Armock director 109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter director 109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr director, officer: President 109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr director 109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell director 109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis director 109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon director 109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough director 109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling director 109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill director 109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes officer: V.P. - ChoiceOne Insur. (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford officer: VP-ChoiceOne Bank (Subsidiary) 109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula officer: S.V.P. - ChoiceOne Bank (Sub) 109 EAST DIVISION STREET, SPARTA MI 49345

ChoiceOne Financial Services (ChoiceOne Financial Services) Headlines

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