# CHOICE BANK
OSHKOSH, WI · FDIC certificate 58244 · asset band $300M-1B · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $436.4M | |
| Deposits | $307.7M | |
| Loans and leases | $352.1M | |
| Total equity | $44.2M | |
| Loans / deposits | 112.95% (p97 of band) | 85.55% |
| Liquid assets / assets | 15.23% (p23 of band) | |
| Uninsured deposits / deposits | 11.56% (p11 of band) | 22.02% |
| Brokered deposits | 11.21% | |
| Wholesale funding | 30.02% (p98 of band) | |
| FHLB advances / assets | 18.79% | |
| Tier 1 leverage | 10.04% (p37 of band) | 10.66% |
| Unrealized securities loss / equity | 0.20% (p27 of band) | 0.93% |
| AOCI / equity | 0.61% (p21 of band) | |
| ROA (annualized) | 1.15% (p51 of band) | 1.13% |
| Net interest margin | 3.01% (p12 of band) | 3.75% |
| Efficiency ratio | 50.54% (p11 of band) | |
| Noncurrent loans | 0.05% (p12 of band) | 0.53% |
| Net charge-offs (annualized) | -0.08% (p4 of band) | |
| Reserve coverage of noncurrent | 2846.58% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 107.51% (p94 of band) | |
| Auto loans | $409,000 (0.12% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 8.9% | |
| Employees | 36 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

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

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

- 2026-01-30 [Empowering youth: BIO Girls builds confidence while Choice Bank expands access through scholarships - thedickinsonpress.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPOFRtOWg1X1NsSDBfTlE2T1JnWklSeWp3cHZ4OVUwTHZoMnNJSTk5OFVlMUMyUmZ6NngxTzNRYm5Dd21QMFFMdXQ1VU93VzMxNkNiQWwtWnBIelozTUoweXZjRmtvbEJvdkdaejRHaThDU0FqNjFoN2l5WU00dVc3c24wNW9vUlhyeGZuWkgxMS1tYWtkeFlpOEZjbGZwb29WY0gzMjZObTFQV25mcGRyV2dsYVdwX1BKQWNTeXFZUG83NzdqRFBwR3VqR3ZSWjVLS0lXVWh1ZkQwZmc?oc=5) · thedickinsonpress.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2019-06-28 [Nicolet Bank to acquire Choice Bank, further expanding presence in Oshkosh - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMizAFBVV95cUxPNVg0UlV2SWJnRmxEUzVwaFlUMlQ5YUpxMzI4aEIyeWNTTWJpNzBTcXB3eDdod1RndnZuNHpYU1EzTlNHaVc3WWdqNWxiTEtjY2V3a2FpM0xhcDZpRXFtYXBlTEY2S0M1VGtqaE1weGRNYzlTcnVKSkg4Uk1rMFNyb0ZkM3BhTGxPN25WZlIxVmp6ODJrSlFaYkdhd1NTa3drVHpPSWZ6Q3dCcGRpcG5ITWwzZVhIdG9icnd5OE5yMXJjMWZfZXFNRXZIM3I?oc=5) · Green Bay Press-Gazette
- 2025-10-23 [Wisconsin bank to buy Iowa City's MidWestOne Bank in 'transformational' $864M deal - Iowa City Press-Citizen](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQdzlSRk50LUxKQ3hlVF9vMmV5ZDJIM2xqOEJVRUhwNHpqa3Z1Qlhkdlh2MFFGOFota0NLd1ozSGVYZ19iWkx1R3NKVTJkQ1ZoWnVpTUtHQkR0Tm0yR0FVYkN6RnFqM29yVFZvZmljcWxfbDJneXEtclFqUS1tTlJwMG5XS2ZjR19hdlV0WGVTNHQwYUdQZ0ZwYXl0V0xOVnR1alFlWG0zZ1BSZ0xiSXFOUmFRVjNvR1RiT3RYZkVzZkxtdw?oc=5) · Iowa City Press-Citizen
- 2023-03-27 [Richard "Dick" Gabert Obituary - Oshkosh Northwestern](https://news.google.com/rss/articles/CBMiYkFVX3lxTE81Z1pQbHNLRTdCb01NeE1xdk5RUmY5OUJpNndBLUNvY3I5cEEyYjBYMFZpdV9pdDdaYXpHQWdWTThjTEQ5NGUyTHdLd2RPN19BYzdBOUVWWm85VEF2X0NEa0x3?oc=5) · Oshkosh Northwestern
- 2017-06-08 [New hires, promotions at Wisconsin companies - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMirAFBVV95cUxPLVFjejA3bTZQMFhrMUx0b2lVRHpsOUFwdmE4SVJySTc5V21OQTZmeFUxa080SlBmUVU5bEROcjVfeEVRNjdHNmZGS1hBVjA0ekJBRGtCN2xEbkRvQ2hBWUh4RUVmOWtaMFZEVEJuWjNSRndkbnFha29BMml1SmpuMFdlQU84VGc3MHdObm9xOG5zYmRib1Z1X3A1OU9CLWd6QkJoWURseWNNN3RF?oc=5) · Milwaukee Journal Sentinel
- 2022-03-30 [Nicolet Bank expands into Eau Claire and Minnesota with acquisition of Charter Bank - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOTzFhLUNRS3VJbm9nY2c2X2l6LWRWT1lxZTlQTWRiVzJMQ3BaZWJENkRqLWlucUcybk5UOEktQ01mc2pQSnVOc255bHppVWRVN1A4YldQeTJwYS1CbTdpQTZHQ2Q5Mko5S3QySlpTNFlnZHNxemdocktYTTZ5WV9CUmhjQXQtb1lZaG9IZVdBNWZRSXRrWFBma2hHYnk5NWVUMjcxcmdYclJPcmtXaGItSEpudUt5U2NRcWthU2ViUmV2VDRydmhUc1hwTG80WU5WM1ltSg?oc=5) · Green Bay Press-Gazette
- 2020-02-17 [Nicolet Bank to expand south to Milwaukee suburbs with acquisition of Commerce State Bank - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPekhsLXFyWEtvSDBzdndwd3ZtOWdHTnNrMFd3TUxSSG8yOVlMZ0R4TlFHZmg3X1IzZ3JybzZwTG5kSTFNbDZUWWxxSV9PaDlTTG1vMGZ3dWlwUHpHOGdrazRFNDQtMXNmT1Q5RGJGZFd0WW02NlYwMVMyc0c2UExUR1NBVkdBR0RKbllWbzY0NkhVaTZjSnVHVTd3QmhKdGpoQm1Ub0lnbV9BM1JGV3gwRjB3VVhpa3FXcUctOFNDTGFKem5iVnlxWGlsUWg1SmNtbm5XTjlR?oc=5) · Green Bay Press-Gazette

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58244 (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/4.json (key "58244", 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