Institution Statistics
| Choice bank | | FDIC Certificate # | 58244 | | BankRate Report | View | | Year Established | 2006 | | Employees | 26 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $180.87 million | | Loans | $157.71 million | | Deposits | $163.19 million | | Equity Capital | $17.11 million | | Loan Loss Allowance | $4.44 million | | Unbacked Noncurrent Loans | $1.28 million | | Real Estate Owned | $1.02 million |
Historic Data - March 2011 | | Assets | $159.44 million | | Equity Capital | $12.68 million | | Loan Loss Allowance | $3.30 million | | Unbacked Noncurrent Loans | $1.06 million | | Real Estate Owned | $1.04 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.41% | | Return on Assets | 2.73% | | Return on Equity | 29.48% | | Interest Income | $2.43 million |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Choice bank had $2.3 million in non-current loans and owned real-estate with $21.55 million in equity and loan loss allowances on hand to cover it. This gives Choice bank a Texas Ratio of 10.69% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Choice bank decreased slightly from 13.17% as of March 31, 2011 to 10.69% as of March 31, 2012, resulting in a positive change of 18.79%.This indicates that the balance sheet and financial strength for Choice bank has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Choice bank has increased its total deposits by $18.74 million, resulting in 12.97% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Choice bank has shown is excellent. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Choice bank has $180.86 million in assets with $21.55 million in equity, resulting in a capitalization level of 11.91%, which is above average. |
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