Choice Financial Group
Choice Financial Group reported total assets of $6.4 bn at Q2 2026, up 10.8% on a year earlier, the 236th largest of 497 banks in our US coverage. Choice Financial Group uses the community bank leverage ratio framework, with a leverage ratio of 10.84%, and the uninsured share of Choice Financial Group was 26.47%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, Choice Financial Group slipped from 190th to 276th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Choice Financial Group reports one of the lowest loan-to-deposit ratio readings among banks of $1 bn to $10 bn: 61.98% at , where the median of the 339 banks is 88.61% (FDIC Call Reports).
- Since , Choice Financial Group has taken over one institution; the latest was Venture Bank on (FDIC Call Reports).
What sets Choice Financial Group apart
How large is Choice Financial Group?
The balance sheet of Choice Financial Group at : assets $6.4 bn, deposits $5.1 bn, net loans $3.2 bn (loans equal to 61.98% of deposits). Securities make up 38.8% of total assets at Choice Financial Group. Since , when Choice Financial Group held $1.1 bn, its assets grew 482.8%. In the year to , deposits at Choice Financial Group rose 4.5% while its total assets rose 10.8%. At , Choice Financial Group employed 449 full-time equivalent staff across 18 offices, about $14.2 mn of assets per employee and $284.9 mn of deposits per office.
How much funding at Choice Financial Group is uninsured?
At Choice Financial Group, uninsured deposits (above the FDIC limit) made up 26.47% of domestic deposits at (+5.75 pp on a year earlier); Choice Financial Group ranks 357th of 500 on this measure. In dollars, Choice Financial Group estimated $1.4 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.1 bn | +4.5% | 243rd of 499 |
| Net loans and leases | $3.2 bn | +0.5% | 302nd of 500 |
| Loan-to-deposit ratio | 61.98% | -2.47 pp | 453rd of 500 |
| Net interest margin | 3.28% | +0.18 pp | 354th of 500 |
| Return on assets (ROA) | 1.30% | +0.06 pp | 251st of 500 |
| Efficiency ratio | 54.93% | +2.32 pp | 229th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $11.9 mn | Narrowed by $5.9 mn | |
| Noncurrent loans to total loans | 0.68% | +0.28 pp | 276th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.31% | +0.30 pp | 401st of 500 (1 = lowest) |
US rank of Choice Financial Group: 1 = highest unless marked 1 = lowest.
Balance sheet
Choice Financial Group: assets, deposits and loans
- Total assets $6.4bn
- Deposits $5.1bn
- Net loans $3.2bn
Capital and securities
Choice Financial Group uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 10.84% in . Equity capital of Choice Financial Group at : $718.7 mn, or 11.3% of total assets.
The available-for-sale portfolio of Choice Financial Group showed an unrealized loss of $11.9 mn at ; the loss narrowed by $5.9 mn over the year.
Choice Financial Group: capital ratios
- Total capital 11%
- CET1 11%
- Tier 1 leverage 11%
Choice Financial Group: unrealized securities gains and losses
- Available for sale -$12mn
- Held to maturity $0
Profitability and loan quality
For the year to , Choice Financial Group earned a return on equity of 11.42%; return on assets: 1.30%. Net interest margin at Choice Financial Group: 3.28%, +0.18 pp in a year. Choice Financial Group net income: $40.0 mn, up 15.6% year on year. The efficiency ratio of Choice Financial Group was 54.93%: about 55 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.68% of total loans at Choice Financial Group; net charge-offs: 0.31% of average loans. Gross loans and leases at Choice Financial Group: $3.2 bn, up 0.4% in a year.
Choice Financial Group: profitability
- Return on equity 11%
- Net interest margin 3.3%
- Return on assets 1.3%
Peer group of Choice Financial Group
The peer group of Choice Financial Group is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Choice Financial Group (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in North Dakota. Against them, Choice Financial Group shows return on equity 11.42% against a peer median of 13.59% and uninsured deposit share 26.47% against a peer median of 32.96%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Horizon Bank | State nonmember bank | IN | $6.5 bn | 12.60% | 14.53% | 26.21% | |
| TrustCo Bank | Federal savings bank | NY | $6.5 bn | 14.48% | 12.45% | 21.99% | |
| United Fidelity Bank, fsb | Federal savings bank | IN | $6.5 bn | 11.08% | -0.86% | 18.30% | |
| Choice Financial Group | State nonmember bank | ND | $6.4 bn | not reported | 11.42% | 26.47% | |
| Northbrook Bank and Trust Company | National bank | IL | $6.4 bn | 11.16% | 17.31% | 39.70% | |
| Five Star Bank | State member bank | NY | $6.3 bn | 12.72% | 13.29% | 46.41% | |
| Mercantile Bank | State nonmember bank | MI | $6.2 bn | 12.59% | 13.90% | 57.50% | |
. FDIC Call Reports.
Last eight quarters
Two years at Choice Financial Group, to : assets +21.1%, deposits +11.2%, equity +20.2%. Staff 470 to 449.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.3 bn | $5.4 bn | $5.6 bn | $5.8 bn | $5.7 bn | $6.0 bn | $6.1 bn | $6.4 bn |
| Total deposits | $4.6 bn | $4.7 bn | $5.0 bn | $4.9 bn | $5.0 bn | $5.1 bn | $5.0 bn | $5.1 bn |
| Bank equity capital | $597.7 mn | $592.9 mn | $619.4 mn | $637.4 mn | $659.1 mn | $683.2 mn | $700.0 mn | $718.7 mn |
| Return on equity (ROE) | 21.45% | 18.08% | 11.20% | 11.23% | 11.06% | 10.92% | 11.26% | 11.42% |
| Uninsured share of domestic deposits | 23.80% | 21.98% | 22.48% | 20.72% | 22.46% | 28.07% | 24.23% | 26.47% |
| Full-time equivalent employees | 470 | 431 | 431 | 432 | 430 | 445 | 444 | 449 |
| Number of offices | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Choice Financial Group, oldest first; figures before and after each event are not like for like.
- . Absorbed Northland Financial (FDIC certificate 13202).
- . Absorbed Venture Bank (FDIC certificate 57249).
Large one-quarter moves at Choice Financial Group
- Total assets at Choice Financial Group changed by +62.0% in the quarter to 2018-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Venture Bank.
- Total assets at Choice Financial Group changed by +26.0% in the quarter to 2022-12-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Choice Financial Group?
Choice Financial Group reported $6.4 bn at in its Call Report. That makes Choice Financial Group the 236th largest of 497 banks in our US coverage.
Is Choice Financial Group the same as its holding company?
No. This page covers Choice Financial Group, FDIC certificate 9423; CHOICE FINANCIAL HOLDINGS INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Choice Financial Group profitable?
Choice Financial Group reported net income of $40.0 mn for the year to ; annualized return on equity: 11.42%. So yes: Choice Financial Group made a profit over these months.
When is data for Choice Financial Group next updated?
Figures from Choice Financial Group for are due after .
Where can I check the figures for Choice Financial Group?
In the FDIC BankFind Suite record for certificate 9423, and in the Call Reports of Choice Financial Group (RSSD ID 826956) at the FFIEC Central Data Repository.