# FIRST CHOICE BANK
CERRITOS, CA · FDIC certificate 57966 · asset band $1-10B · latest filing 2021-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (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 | $2.45B | |
| Deposits | $1.87B | |
| Loans and leases | $1.95B | |
| Total equity | $293.9M | |
| Loans / deposits | 103.46% (p95 of band) | 77.14% |
| Liquid assets / assets | 15.67% (p11 of band) | |
| Uninsured deposits / deposits | 60.01% (p93 of band) | 31.23% |
| Brokered deposits | 9.72% | |
| Wholesale funding | 20.97% (p94 of band) | |
| FHLB advances / assets | 5.93% | |
| Tier 1 leverage | 10.00% (p61 of band) | 9.50% |
| Unrealized securities loss / equity | -0.82% (p17 of band) | 0.85% |
| AOCI / equity | -0.12% (p78 of band) | |
| ROA (annualized) | 1.69% (p81 of band) | 1.25% |
| Net interest margin | 4.30% (p95 of band) | 3.24% |
| Efficiency ratio | 42.31% (p9 of band) | |
| Noncurrent loans | 0.38% (p46 of band) | 0.42% |
| Net charge-offs (annualized) | -0.01% (p18 of band) | |
| Reserve coverage of noncurrent | 269.42% | |
| Real estate % of loans | 68% | |
| Construction % of loans | 73.95% (p82 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $38.5M (13% of equity) (p93 of band) | |
| Deposits YoY | 16.2% | |
| Employees | 187 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits >50%** (`liq_uninsured`)
- **wholesale funding >15%** (`liq_wholesale`)
- **run vulnerability** (`liq_runrisk`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | capital falling |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 2 | capital falling, construction >100% equity |  |
| 2014-12 | 1 |  | capital falling |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | charge-offs p90 |  |
| 2016-12 | 3 | uninsured deposits >50%, run vulnerability | charge-offs p90 |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | charge-offs p90 |  |
| 2017-12 | 3 |  | charge-offs p90 |
| 2018-03 | 5 | loans exceed deposits, charge-offs p90 |  |
| 2018-06 | 3 |  | loans exceed deposits, charge-offs p90 |
| 2018-09 | 2 |  | construction >100% equity |
| 2018-12 | 3 | loans exceed deposits |  |
| 2019-03 | 4 | wholesale funding >15% |  |
| 2019-06 | 3 | brokered >10% | uninsured deposits >50%, run vulnerability |
| 2019-09 | 2 | uninsured deposits >50%, run vulnerability | loans exceed deposits, wholesale funding >15%, brokered >10% |
| 2019-12 | 3 | loans exceed deposits |  |
| 2020-03 | 5 | wholesale funding >15%, capital falling |  |
| 2020-06 | 5 |  |  |
| 2020-09 | 6 | liquid assets <10% |  |
| 2020-12 | 5 |  | liquid assets <10% |
| 2021-03 | 6 | brokered >10% |  |
| 2021-06 | 4 |  | capital falling, brokered >10% |

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

- 2021-04-26 [Enterprise Financial Services Corp to Acquire First Choice Bancorp - Business Wire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQVXRhNW1kVzd3MzlPUnVsLW5lYkUtaTlUWFBYUHdxSFVOOE1nYS1pcjRYRTRKZVp1bDdNa2lGZXppcHB1MTZSa2hrU0Y5VlpWU1VHYlhlS2NNM19IVUVRNzRYa05NLS1YbWhlc3pwdFpfdkRSNk1tRHRxZFpxNFN0djRpbXctQ3BFNzZmVHFsR2dEOF8zQzVfNjg1a2h4VmZBTEFMZ3BMUlZzSHZLeHVLNENTblBOQm9WTXBfVXdEbEY?oc=5) · Business Wire
- 2021-05-09 [First Choice Bancorp Is Acquired for $400 Million - Los Angeles Business Journal](https://news.google.com/rss/articles/CBMihwFBVV95cUxNVTREQU1BaTBXVzY5RndTMmhsYl9WczJLWnpZdU1xSjA3TjFWYlRzdXk5aHp3cEZnNVAyRFVkRkczdmd0ZDhzT3FrRDJkTGt6Y2VoMFRrNG5HdkFRX2hrWGpIUVBReDBzLUNPLVZ4UXJtX2J0VFlHTDdMR2ZjVEhoU01SZ2tCYXM?oc=5) · Los Angeles Business Journal
- 2022-02-04 [First Choice Bank Heads to the Metaverse with Disastrously Funny Results - Little Black Book | LBBOnline](https://news.google.com/rss/articles/CBMioAFBVV95cUxQN1ljZUF6NW9jbzl1VjNjUW56ekhjdGo1VDMyWHFUbDdtZUNiWW1fRFJPdWNZSFhpeEVwcTVtaG4yUlVqdzRNVFN1ZjQyY19vU0xLekpiZWVfSUhaZkxIS3JzY3hmLXRuZEF4Q3BjdVRSY1dNanl0NEdDMWR0bTJyeHJMLVdmczFuek5lUmF2MDVHQ2JGZ1U4Y0ZhenNPWU93?oc=5) · Little Black Book | LBBOnline
- 2015-06-27 [First National Bank changes name to First Choice Bank - djournal.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQZHlSTlV2NWlteFZIeWtYaHJ0cDFORXJfdU03X2FlUmYtaW1xSnFYVGNHVkJWMFN3bmpZY20tbWtXT3pwREdZQ2xObzQyTWlKazVLWXh4U0Q0U0ktNXM4a0N2Szc4VnZXVy1QVEdyUThrbkZGbFdqMzZjRVFZLXpKU1cxSmJUSkxRWWQ1bWNJSGhpejBPWDNhZEd1Y0hUcnpjT1NzZ2ZYQXVFYjZLLVBKNEViVVFjOFhrZHRqbzdja1NxelBOMEhBVTJ3U2hQLXRxRk1aSm1mZEZtSmlDXzRCaA?oc=5) · djournal.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2021-09-08 [Bank of Southern California Appoints Nicole Swain as President - citybiz](https://news.google.com/rss/articles/CBMiowFBVV95cUxNazhiYXhINlBCTzI3cHlfT3M4MlloRkZESXl2VnpISU9GcWMyQURXT08zN1BmOWdmZE1wSmEzaGh3VFZmNDR3dkxLWHFGdS1Pb256djV2YUdjVHF1T2V2WEJ1MVRlcUVhQ09wQ1phSHhsSk92NW9RZlpxS3VQSnJoV3QtM2M1QTAyN0ZTZUJTV0VrSWo1ejFVVmtsYUgxN3NCNE1N?oc=5) · citybiz
- 2011-08-19 [First Southern Bank shuttered - Statesboro Herald](https://news.google.com/rss/articles/CBMieEFVX3lxTE9UbTNaclpsM2NZOGdDb0E2dmcwWHB5NHFjRWlmVFRWNDMwcGgwMDdpdV9Tb09nZXNLaUt3VGlxbHBVNmlrb0VEVEVQbmxXeERoaGNXNDYxZXZVRnEzTnNVajgyRll0d2NfYXhFQm5vdFlhVUZRdVBnbQ?oc=5) · Statesboro Herald
- 2022-03-01 [Top Women in Banking in Los Angeles - Los Angeles Business Journal](https://news.google.com/rss/articles/CBMiYkFVX3lxTE5YeW1TdFk2T3ljQVhoaWJZNmtQcUhrWG4tcE5SSzNxcDJNTHpobloyZkl0ZW1vRjFSOVRibnhvWXQweHFBZjZxMlR3TzFEdXl5a2tLdlZPbXRUYlRsTVBvbnVB?oc=5) · Los Angeles Business Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57966 (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/46.json (key "57966", 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