# BANK OF CHOICE
GREELEY, CO · FDIC certificate 2994 · asset band $300M-1B · latest filing 2011-06 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 10 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $954.1M | |
| Deposits | $818.7M | |
| Loans and leases | $583.3M | |
| Total equity | $18.1M | |
| Loans / deposits | 67.32% (p25 of band) | 78.35% |
| Liquid assets / assets | 29.64% (p55 of band) | |
| Uninsured deposits / deposits | 3.01% (p8 of band) | 11.83% |
| Brokered deposits | 5.16% | |
| Wholesale funding | 17.01% (p82 of band) | |
| FHLB advances / assets | 11.20% | |
| Tier 1 leverage | 1.76% (p1 of band) | 9.34% |
| Unrealized securities loss / equity | -0.67% (p9 of band) | 2.85% |
| AOCI / equity | 12.05% (p99 of band) | |
| ROA (annualized) | -2.82% (p3 of band) | 0.66% |
| Net interest margin | 2.59% (p5 of band) | 3.72% |
| Efficiency ratio | 135.95% (p98 of band) | |
| Noncurrent loans | 15.87% (p98 of band) | 2.17% |
| Net charge-offs (annualized) | 2.33% (p96 of band) | |
| Reserve coverage of noncurrent | 34.79% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 760.43% (p100 of band) | |
| Auto loans | $934,000 (0.16% of loans; DQ 1.50%, NCO 0.01%) | |
| Loans to nondepository financials | $1.9M (11% of equity) (p98 of band) | |
| Deposits YoY | – | |
| Employees | 210 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 10 | wholesale funding >15%, leverage <7%, leverage <5%, losing money, expense ratio p90, NIM <2.5%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 10 | charge-offs p90 | NIM <2.5% |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-04-06 [Huntington Bank Named Official Consumer Bank of the University of Michigan - Huntington Bancshares Incorporated (HBAN)](https://news.google.com/rss/articles/CBMi3gFBVV95cUxPVktSR2t5OHVEVW85UmhQRTJqQzh5c0RSa0RaTFlsUGFndlprc09iNlJVZGdQRkJBUUprM3VBLV90LXhkVGxPQk5kUi1qQmJIWUJBVGxtcHF3VUhhYVJyczQ2cXBsaTF4bjJMbkZBOW5hY0RCTWtCalp2N0gxS2Rld0V6WEE5QThTWk1VSjMzcHQxSUZHOVROVmMzclpldEQ4a284UEstSUVBYzU5eHktZmR0ajR5eHBVUEh5QWdsa0VkM0FsUGVBYmVUeldUOHV5M3Ryc3dMZHhHeFNsQUE?oc=5) · Huntington Bancshares Incorporated (HBAN)
- 2023-03-10 [SVB, biotech’s bank of choice, just failed. It could have ripple effects - STAT](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQeWZySjFlc0RnZFBIX3cyeVJBSFgxa3c0cFI0M2ZubklYdzlfVm9ITEZqekhpMXMybi04ZUItSlB2NjFic2JOQnU0Rlp6dThTUzQxaG1GM1gyeHl5M2lGMFFBbTNhbVNQN0JOb0ZKU3lvaTVzZmFMY2lPcW91VzBNa2R3SWFKckhleFY4aXdpeFJDbGJxaHNlODlaekVGYXVISXZiR0wyamk?oc=5) · STAT
- 2023-02-27 [JPMorgan says little-known West Virginia fintech is positioned as 'bank of choice' for online gaming - CNBC](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdWNGeE5fd2l1NXZsYkQyS0tQQkFNQlRmWDl5UU1CdnRBUFdmQVplS01NUkVZd0xjZXFZdlZBWkEzb2xjUHoyY0tKT2VVVDdobkUyTFkxT0FxMXpmaHVnTWpDaFczWURpOHFSNFgxc2h4VTlxY2lvYzZYUF8zOWR6R2VTWUQ2Y2FoaEpYcjgzSmRRZzR1Ykh5VFJFazBzRDBRd3pFTDdWNWI?oc=5) · CNBC
- 2011-07-23 [Bank Of Choice In Greeley Reopens Under Name Bank Midwest - CBS News](https://news.google.com/rss/articles/CBMinAFBVV95cUxNWWFaUmNBMXZHbl9jWWlHV19VZFJwU0U5UzU4QmdYenJJcUI3SGI0SVNzSkF2R0Z0ckpaemVmN0dFNjhfWjhBYVl4RjVlV1YwTHlreUU3NGk2Y0F5S3B1UzAwOEo4WVB6cWI3WUJUVTNRb3U2Uk5icDBWbkxBT3I2bmE5NE9hLVVmcm9naHFseXdrQzBCV2hpdFhZZmU?oc=5) · CBS News
- 2023-03-14 [Investors told Latin American startups to bank with SVB. Then it collapsed - Rest of World](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9WRW4yRWlaMEdtZGtuZXBiLWVrOURoMVE4X25DZGdqampFdFh1THpDVjZNNU9Fa29lUlhfZk9GRDdZZVZac1BWbGRnVnNhb0pnOTFmajJkT2JralZJcTNyMGE2cFIxams?oc=5) · Rest of World
- 2017-03-20 [The digital reinvention of an Asian bank - McKinsey & Company](https://news.google.com/rss/articles/CBMipgFBVV95cUxPOUx6Vy1iTE03MXdSMUpXeGgyTW5UVUlMdk9xRXZwRGotTUphUGJFVTB6TGMzc1lVck5UeVlmNXZqU3BocVAtNFZzdlF4aW1oUXZCLVppcUhuSUZrMmstSU0wZzdLWWNCVjAxS1FnamFqaFlTMG1uWWszMVhLaG5LaFJaZlo3V0NyQkdGaF9md3hYdmloSnVNRVBpMXRlbmVhQWhjN0hR?oc=5) · McKinsey &amp; Company
- 2021-09-13 [JPMorgan becoming bank of choice for European SPACs - TheBanker.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE5pNTU3TDN1RkpNWjdOb2tXeWhUTnZTZDlPNUZ2dUk4RW1vTEFtdGN2MWlrdWVBcWZsWktfTXp0Vk8temdXUHZUMzRjSXFabXBCbmZSVG51OTBKME5lNFJGcTF1OFV6WFpZM3lDN2U3ZDcxQzFzSjNvQUVR?oc=5) · TheBanker.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2994 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/50.json (key "2994", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide