Choice Bank (ND)

Overview / Commentary
4501 23rd Avenue South
Fargo, ND 58104

Choice Bank (ND) is headquartered in Fargo and is the 5th largest bank in the state of North Dakota. It is also the 371st largest bank in the nation. It was established in 1906 and as of June of 2022, it had grown to 398 employees at 19 locations. Choice Bank (ND) has an A+ health rating.


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Health Grade Components

FDIC Certificate #9423
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD16.02%
Annual Interest Income$59.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.10B$3.20B
LoansQ2 2022vs Q2 2021$2.58B$2.24B
DepositsQ2 2022vs Q2 2021$2.68B$2.79B
Equity CapitalQ2 2022vs Q2 2021$365.5MM$342.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$25.1MM$21.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$13.2MM$10.7MM
Real Estate OwnedQ2 2022vs Q2 2021$554.00K$1.7MM

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