Institution Statistics
| FIRST CHOICE | | NCUA # | 8229 | | BankRate Report | View | | Year Chartered | 1952 | | Employees | 7 | | Primary Regulator | |
Assets and Liabilities | | Assets | $34.78 million | | Loans | $16.49 million | | Deposits | $31.46 million | | Equity Capital | $3.27 million | | Loan Loss Allowance | $87,000 | | Unbacked Noncurrent Loans | $60,000 |
Historic Data - December 2010 | | Assets | $30.45 million | | Equity Capital | $3.20 million | | Loan Loss Allowance | $105,000 | | Unbacked Noncurrent Loans | $67,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.22% | | Return on Assets | 0.2% | | Return on Equity | 2.11% | | Interest Income | $1.09 million | | Non-Interest Income | $188,000 |
|
|
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 December 31, 2011 First Choice Credit Union had $60,000 in non-current loans and owned real-estate with $3.35 million in equity and loan loss allowances on hand to cover it. This gives First Choice Credit Union a Texas Ratio of 1.79% 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 Credit Union held steady from 2.03% as of December 31, 2010 to 1.79% as of December 31, 2011, resulting in a positive change of 11.84%.This indicates that the balance sheet and financial strength for First Choice Credit Union has held steady in recent periods. | | Deposit Growth |  | | In the past year, First Choice Credit Union has increased its total deposits by $4.33 million, resulting in 15.98% 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 Credit Union 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 Credit Union has $34.78 million in assets with $3.35 million in equity, resulting in a capitalization level of 9.64%, which is average. |
|