Overview / Commentary
Choice Bank (ND) is headquartered in Fargo and is the 4th largest bank in the state of North Dakota. It is also the 378th largest bank in the nation. It was established in 1906 and as of December of 2019, it had grown to 365 employees at 20 locations. Choice Bank (ND) has an A health rating.
Related Posts
View all posts from:
Health
A
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9423 |
| Year Established | 1906 |
| Employees | 365 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.61% |
| Return on Equity - YTD | 12.86% |
| Annual Interest Income | $116.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.38B$2.14B |
| Loans | Q4 2019vs Q4 2018 | $1.96B$1.78B |
| Deposits | Q4 2019vs Q4 2018 | $2.03B$1.86B |
| Equity Capital | Q4 2019vs Q4 2018 | $288.9MM$266.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $16.8MM$11.9MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $15.7MM$12.1MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $1.4MM$1.0MM |
