ChoiceOne Financial Services Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net income of $1,104,000 or $0.33 per diluted share compared to $1,019,000 or $0.31 per diluted share in the same quarter in 2011. The increase in net income in both the fourth quarter and the year of 2012 compared to the same periods in 2011 was due to a lower provision for loan losses and higher noninterest income. These were partially offset by lower net interest income and higher noninterest expense in the fourth quarter and the year of 2012 compared to the same periods in 2011. Net interest income was $4,454,000 compared to $4,582,000 for the same period a year ago. Income before income tax was $1,498,000 compared to $1,355,000 for the same period a year ago.

For the full year, the company reported net income of $4,262,000 or $1.29 per diluted share, compared to $3,513,000 or $0.07 per diluted share in the same quarter in 2011. Net interest income was $17,675,000 compared to $17,992,000 for the same period a year ago. Income before income tax was $5,605,000 compared to $4,573,000 for the same period a year ago. Return on average assets (annualized) was 0.85% compared to 0.72% for the same period a year ago. Return on average equity (annualized) was 7.21% compared to 6.26% for the same period a year ago.

Net charge-offs were $461,000 in the fourth quarter of 2012, compared to $521,000 for the same period a year ago.