First Choice Bank (NJ)

First Choice Bank (NJ) is headquartered in Lawrenceville and is the 34^th largest bank in the state of New Jersey. It is also the 951^st largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 614 employees at 5 locations. First Choice Bank (NJ)'s money market rates are 93% higher than the national average, and it boasts a 5-star health rating.

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Data for Q1 2012

Institution Statistics First Choice Bank FDIC Certificate # 58471 BankRate Report View Year Established 2007 Employees 614 Primary Regulator FDIC Assets and Liabilities Assets $698.66 million Loans $429.89 million Deposits $610.10 million Equity Capital $65.07 million Loan Loss Allowance $5.21 million Unbacked Noncurrent Loans $4.04 million Real Estate Owned $678,000 Historic Data - March 2011 Assets $480.27 million Equity Capital $51.25 million Loan Loss Allowance $3.87 million Unbacked Noncurrent Loans $5.01 million Real Estate Owned $2.55 million Profit Margin - Quarterly Net Interest Margin 2.8% Return on Assets 1.14% Return on Equity 12.2% Interest Income $6.73 million

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 First Choice Bank (NJ) had $4.72 million in non-current loans and owned real-estate with $70.27 million in equity and loan loss allowances on hand to cover it. This gives First Choice Bank (NJ) a Texas Ratio of 6.71% 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 First Choice Bank (NJ) decreased significantly from 13.71% as of March 31, 2011 to 6.71% as of March 31, 2012, resulting in a positive change of 51.05%.This indicates that the balance sheet and financial strength for First Choice Bank (NJ) has improved significantly in recent periods. Deposit Growth In the past year, First Choice Bank (NJ) has increased its total deposits by $194.08 million, resulting in 46.65% 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. 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. First Choice Bank (NJ) has $698.66 million in assets with $70.27 million in equity, resulting in a capitalization level of 10.06%, which is above average.

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