Notification That Annual Report Will Be Submitted Late (nt 10-k)
01 April 2021 - 9:05PM
Edgar (US Regulatory)
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OMB APPROVAL
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB Number:
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3235-0058
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Expires:
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February 28, 2022
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Estimated average burden hours per
response.
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2.50
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FORM 12b-25
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SEC FILE NUMBER
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0000803164
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CUSIP NUMBER
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NOTIFICATION OF LATE FILING
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170386106
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(Check one):
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[X] Form 10-K [_] Form
20-F [_] Form
11-K [_] Form
10-Q [_] Form
10-D
[_] Form
N-CEN [_] Form
N-CSR
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For Period Ended: December 31, 2020
[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
For the Transition Period Ended: ____________________
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Read Instruction
(on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
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ChoiceOne Financial Services, Inc.
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Full Name of Registrant
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1st Community Bancorp Inc.
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Former Name if Applicable
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109 East Division Street
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Address of Principal Executive Office (Street and Number)
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Sparta, Michigan 49345
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City, State and Zip Code
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PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
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[X]
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(a)
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The
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form
10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day
following the prescribed due date; and
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(c)
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The accountant’s
statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)
ChoiceOne Financial Services, Inc. (the “Corporation”) was
unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 within the prescribed time period because the
Corporation requires additional time to work with its auditors and legal counsel to prepare and finalize the Form 10-K and to prepare
and finalize the XBRL (eXtensible Business Reporting Language) Interactive Data Files for the financial statements and notes. The Corporation
anticipates that it will file the Form 10-K no later than the fifteenth calendar day following the prescribed filing date.
PART IV — OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this notification
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Thomas L. Lampen
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616
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887-7366
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange
Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify
report(s).
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Yes [X] NO [_]
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding
period for the last fiscal year will be reflected by the earnings statements to be included in the subject
report or portion thereof?
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Yes [X] NO [_]
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If so, attach an explanation of the anticipated change, both narratively and quantitatively,
and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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On October 1, 2019, the Corporation completed its merger with County
Bank Corp. On July 1, 2020, the Corporation completed its merger with Community Shores Bank Corporation. As a result, the financial statements
as of and for the year ended December 31, 2020 will reflect the impact of the County Bank Corp. merger for the full fiscal year and the
impact of the Community Shores Bank Corporation since the completion date of the merger.
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On January 30, 2021, the Corporation reported net income of $4.1 million
for the fourth quarter of 2020 and net income of $15.6 million for the year ended December 31, 2020, compared to $3.0 million for the
fourth quarter of 2019 and $7.2 million for the year ended December 31, 2019. The Corporation also reported total assets of $1.9 billion
as of December 31, 2020, compared to total assets of $1.4 billion as of December 31, 2019.
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ChoiceOne Financial Services, Inc.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly
authorized.
Date:
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March 31, 2021
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By: /s/
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Thomas L. Lampen
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Name:
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Thomas L. Lampen
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Title:
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Senior Vice President, Chief Financial Officer
and Treasurer
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INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed
beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an
executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with
the form.
ATTENTION
Intentional misstatements
or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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