ChoiceOne Financial Services(COFS) - 2024 Q1 - Quarterly Report

Revenue includes charges and fees to provide account maintenance, overdraft services, wire transfers, funds transfer, and other deposit-related services. Account maintenance fees such as monthly service charges are recognized over the period of time that the service is provided. Transaction fees such as wire transfer charges are recognized when the service is provided to the customer. Revenue includes fees from the investment management advisory services and revenue is recognized when services are rendered. ...