The following represents the contractual maturities of Federal Home Loan Bank Advances:


(Dollars in thousands)	March 31, 2026		December 31, 2025

Maturity of January 2026 with fixed interest rate of 4.35%	$	-	$	10,000
Maturity of March 2026 with Variable-fed fund Callable rate of 3.79%		-		180,000
Maturity of March 2026 with Variable-fed fund Callable rate of 3.79%		-		35,000
Maturity of May 2026 with Variable-fed fund Callable rate of 3.79%		80,000		-
Maturity of June 2026 with Variable-fed fund Callable rate of 3.79%		25,000		-
Maturity of June 2026 with Variable-fed fund Callable rate of 3.79%		40,000		-
Maturity of December 2026 with fixed interest rate of 4.20%		10,000		10,000
Maturity of December 2026 with fixed interest rate of 3.88%		10,000		10,000
Maturity of December 2027 with fixed interest rate of 3.76%		20,000		20,000
Total contractual advances outstanding at period end	$	185,000	$	265,000

As of March 31, 2026, ChoiceOne had no borrowings from the Federal Reserve Bank, and had securities pledged with a carrying value of approximately $348.4 million and loans pledged with a carrying value of approximately $774.6 million. At December 31, 2025, ChoiceOne had securities pledged with a carrying value of approximately $351.8 million and loans pledged with a carrying value of approximately $773.7 million. Based on this collateral, the Bank was eligible to borrow an additional $930.1 million at quarter end March 31, 2026.

Advances from the FHLB were secured by residential real estate loans with a carrying value of approximately $614.7 million and no securities at March 31, 2026 and by residential real estate loans with a carrying value of approximately $610.9 million and no securities at December 31, 2025. Based on this collateral, the Bank was eligible to borrow an additional $228.5 million at March 31, 2026, compared to an additional $145.7 million at year-end 2025.

In June 2021, ChoiceOne obtained a $20 million line of credit with an annual renewal. The line carries a floating rate of prime rate with a floor of 3.25% and a rate of 6.75% at March 31, 2026 and December 31, 2025. The credit agreement includes certain financial covenants, including minimum capital ratios, asset quality ratios, and the requirements of achieving certain profitability thresholds. ChoiceOne was in compliance with all covenants as of March 31, 2026 and December 31, 2025. The line of credit had no outstanding balance at March 31, 2026 and December 31, 2025, respectively.

In February 2026, ChoiceOne obtained a $25 million FHLB overdraft line of credit with an annual renewal. Interest on overdrafts will be calculated using the FHLB variable advance rate and is accrued for outstanding advances on a daily basis, paid monthly. The overdraft line of credit had no outstanding balance at March 31, 2026.