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669 Whitehead Road
Lawrenceville, NJ 08648

First Choice Bank (NJ) is headquartered in Lawrenceville and is the 22nd largest bank in the state of New Jersey. It is also the 608th largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 570 employees at 8 locations. First Choice Bank (NJ)'s money market rates are 70% higher than the national average, and it has a C+ health rating.

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Reviews (1)

Not Even Worth The Star

I was in the process of getting my home refinanced. It all sounded great in the beginning, but this bank decided to start running up fees. I have excellent credit and they tried to charge for points. Closing costs came out over $6000. Reading through the documents they had sent by email (they won't spend a dime on standard mail). There were sooo many extra's. When I questioned them on it they said it was standard fee's. I have since then found a reputable agent that cost me zero fees, and got me in the 3 % range.


Data for Q2 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 June 30, 2014 First Choice Bank (NJ) had $23.07 million in non-current loans and owned real-estate with $97.88 million in equity and loan loss allowances on hand to cover it. This gives First Choice Bank (NJ) a Texas Ratio of 23.57% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Choice Bank (NJ) increased slightly from 6.76% as of June 30, 2013 to 23.57% as of June 30, 2014, resulting in a negative change of 248.57%. This indicates that the balance sheet and financial strength for First Choice Bank (NJ) has declined slightly in recent periods.

Deposit Growth


In the past year, First Choice Bank (NJ) has increased its total deposits by $131.51 million, resulting in 17.29% 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 First Choice Bank (NJ) 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. First Choice Bank (NJ) has $1.11 billion in assets with $97.88 million in equity, resulting in a capitalization level of 8.85%, which is average.

Institution Statistics

FDIC Certificate #58471
Year Established2007
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.11 billion
Loans$597.00 million
Deposits$892.19 million
Equity Capital$90.16 million
Loan Loss Allowance$7.73 million
Unbacked Noncurrent Loans$22.64 million
Real Estate Owned$431,000
Historic Data - June 2013
Assets$886.35 million
Equity Capital$84.59 million
Loan Loss Allowance$5.84 million
Unbacked Noncurrent Loans$22.64 million
Real Estate Owned$1.19 million
Profit Margin - Quarterly
Return on Assets0.95%
Return on Equity11.18%
Interest Income$17.10 million

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First Choice Bank (NJ) Savings Account Rates

0.50%--Statement Savings

First Choice Bank (NJ) Money Market Rates

0.75%$250k-Money Market Account

First Choice Bank (NJ) Checking Account Rates

0.50%--First Choice Platinum Checking
0.50%--Choice Interest Checking
0.50%--Senior Interest Checking

First Choice Bank (NJ) CD Rates

1.70%$1k-60 Month CD
1.35%$1k-48 Month CD
1.20%$1k-36 Month CD
1.05%$1k-18 Month CD
1.00%$1k-12 Month CD
1.00%$1k-24 Month CD
0.40%$1k-6 - 9 Month CD
0.35%$1k-Under 6 Months CD

First Choice Bank (NJ) IRA Rates

1.70%$1k-60 Month IRA
1.35%$1k-48 Month IRA
1.20%$1k-36 Month IRA
1.05%$1k-18 Month IRA
1.00%$1k-12 Month IRA
1.00%$1k-24 Month IRA
0.40%$1k-6 - 9 Month IRA

First Choice Bank (NJ) Locations
Carduner Shopping Center18 Princeton Hightstown RoadEast Windsor, NJ 8520
Robbinsville Branch2344 Route 33Robbinsville, NJ 8691
Kingston Branch4422 Route 27, Building BKingston, NJ 8528
The Shoppes At Hamilton Branch537 Route 130Hamilton, NJ 8691
First Choice Bank669 Whitehead RoadLawrenceville, NJ 8648
Mercerville Township Branch840 Route 33Mercerville, NJ 8619