Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
645 Hill Avenue
Grafton, ND 58237

Choice Financial is headquartered in Grafton and is the 12st largest bank in the state of North Dakota. It is also the 1,054th largest bank in the nation. It was established in 1906 and as of March of 2014, it had grown to 150 employees at 10 locations. Choice Financial has a A health rating.

Related Posts

No reviews have been left for this bank yet. Be the first to review.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Choice Financial had $7.27 million in non-current loans and owned real-estate with $67.96 million in equity and loan loss allowances on hand to cover it. This gives Choice Financial a Texas Ratio of 10.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Choice Financial decreased slightly from 13.76% as of March 31, 2013 to 10.70% as of March 31, 2014, resulting in a positive change of 22.24%.This indicates that the balance sheet and financial strength for Choice Financial has improved slightly in recent periods.

Deposit Growth


In the past year, Choice Financial has increased its total deposits by $35.56 million, resulting in 6.47% 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 Financial has shown is excellent.



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 Financial has $648.71 million in assets with $67.96 million in equity, resulting in a capitalization level of 10.48%, which is above average.

Institution Statistics

FDIC Certificate #9423
Year Established1906
Primary RegulatorFDIC
Assets and Liabilities
Assets$648.71 million
Loans$549.23 million
Deposits$585.45 million
Equity Capital$59.24 million
Loan Loss Allowance$8.72 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$5.56 million
Historic Data - March 2013
Assets$630.68 million
Equity Capital$64.69 million
Loan Loss Allowance$6.31 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$3.03 million
Profit Margin - Quarterly
Net Interest Margin4.23%
Return on Assets2.35%
Return on Equity24.96%
Interest Income$7.09 million
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Choice Financial, we are a rate comparison website and can not provide official rates or promotions.

Choice Financial Savings Account Rates

0.55%$15k-Health Savings Account
0.55%$15k-Business Health Savings Account

Choice Financial Locations
Choice Financial Savings Bank Branch101 Brown Street WestComfrey, MN 56019
Goodrich Branch123 Clark AvenueGoodrich, ND 58444
Grand Forks Branch1697 South 42nd StreetGrand Forks, ND 58201
Petersburg Branch202 South Fifth StreetPetersburg, ND 58272
First State Bank Langdon Branch210 Eighth AvenueLangdon, ND 58249
First Capital Bank Of North Dakota Branch210 Sheyenne StreetWest Fargo, ND 58078
Walhalla State Bank Branch407 12th StWalhalla, ND 58282
South Fargo Office4501 23rd Avenue SouthFargo, ND 58103
Grand Forks Branch4501 South Washington Street, Unit TGrand Forks, ND 58201
Choice Financial Group645 Hill AvenueGrafton, ND 58237