# FIRST CHOICE BANK
LAWRENCEVILLE, NJ · FDIC certificate 58471 · asset band $1-10B · latest filing 2016-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $1.11B | |
| Deposits | $885.2M | |
| Loans and leases | $584.5M | |
| Total equity | $112.9M | |
| Loans / deposits | 64.41% (p11 of band) | 88.75% |
| Liquid assets / assets | 43.64% (p91 of band) | |
| Uninsured deposits / deposits | 17.78% (p27 of band) | 25.63% |
| Brokered deposits | 5.68% | |
| Wholesale funding | 13.72% (p66 of band) | |
| FHLB advances / assets | 7.87% | |
| Tier 1 leverage | 9.85% (p52 of band) | 9.74% |
| Unrealized securities loss / equity | 4.56% (p81 of band) | 2.06% |
| AOCI / equity | 3.46% (p94 of band) | |
| ROA (annualized) | 1.08% (p63 of band) | 0.96% |
| Net interest margin | 2.55% (p9 of band) | 3.47% |
| Efficiency ratio | 83.20% (p94 of band) | |
| Noncurrent loans | 4.41% (p98 of band) | 0.62% |
| Net charge-offs (annualized) | -0.02% (p11 of band) | |
| Reserve coverage of noncurrent | 55.97% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 11.15% (p15 of band) | |
| Auto loans | $39,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p36 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 493 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 | capital falling | reserve under noncurrent |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 | reserve under noncurrent | capital falling |
| 2012-12 | 1 | wholesale funding >15% | reserve under noncurrent |
| 2013-03 | 1 | reserve under noncurrent | wholesale funding >15% |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2013-12 | 3 | capital falling |  |
| 2014-03 | 2 |  | charge-offs p90 |
| 2014-06 | 4 | noncurrent p90, uninsured deposits leaving |  |
| 2014-09 | 4 | wholesale funding >15% | capital falling |
| 2014-12 | 5 | charge-offs p90 |  |
| 2015-03 | 6 | expense ratio p90, NIM <2.5% | uninsured deposits leaving |
| 2015-06 | 6 |  |  |
| 2015-09 | 5 |  | NIM <2.5% |
| 2015-12 | 6 | assets shrinking |  |
| 2016-03 | 6 | NIM <2.5% | assets shrinking |
| 2016-06 | 6 | deposits shrinking, assets shrinking | charge-offs p90, NIM <2.5% |
| 2016-09 | 4 |  | wholesale funding >15%, assets shrinking |

## 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
- 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
- 2019-05-20 [Montco bank adds first South Jersey lending team - The Business Journals](https://news.google.com/rss/articles/CBMisAFBVV95cUxQVnRyOWEzTUszckZPTlRjV1RJX25PY2pMdkNUNFRaRmhuaEJ5ajA5b09pMnBlRi1aZzRkajE5WHFLNm1wYlZPdDFoV2h5elhFU1llWXJWR0Z3Q3ZPa3RleHdRb2RQakpLRmdjM2R0Y0RKNnVtUTNKMnlZY2ZDWDBVaU40T0VELVc2aHgzVndNUThJcU9ET2RlLWJ4dDlGNUJXdzRyOF9JNUFQLXZnM0p6Xw?oc=5) · The Business Journals
- 2025-05-12 [Jeannine Cimino Named Regional President at Mid Penn Bank - VISTA.Today](https://news.google.com/rss/articles/CBMiakFVX3lxTE51YUtYcmhzSEtNdXZsaFE2T1lLc1I2WUU0bkxVVHNaWVdBd0I3aWcwaERFZ3hWbzlIRHE5cVNVWTl2bHJYTWlNdS1icTR3NmVrMXYtZW9Bd2ZDVGZBMDZSb0xucUQ2UnhFd0E?oc=5) · VISTA.Today
- 2026-08-17 [Mid Penn Bank Turns to Jeannine Cimino to Lead Government Banking Strategy - BUCKSCO.Today](https://news.google.com/rss/articles/CBMif0FVX3lxTE5FdVBHc2Rlb3RUM183Mi1OSlZCTHhKZ1YwNFA0V3VQVUFybEhDd3dMQTFNeHhrdy11QWIwQWVXbUViR2lSLUxWcXFJM2VDYUdlUzdfUWVMWDc1azdLZWViMlZLZ1U5alJJelM4SGFnam9EWEd4cVo4MzQ3VWtoenc?oc=5) · BUCKSCO.Today
- 2020-08-05 [VA Home Loan Assistance, Plus Charity - Military.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNYlgyUVlINzU4MXBwT2lnTy1BMjRFWFJPQkhHb0pOSmEwaVFqYm45SlVQX2ZHbkVUS2pLanlneTcweV9IWUhqb3RjVElwbDFWNnNVVWplcEJpTkw5TENxZENQcFJqVnZLZFJFdHVmcnlKLXo5ajBaMm54WUF5Q1pPZTJR?oc=5) · Military.com
- 2021-12-01 [Ex-Chief Lending Officer Of NJ Bank Gets 18 Months In Fed Pen For Lying On SBA Loan - DailyVoice.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxPVjdDanhMbjJ1bHRpWFZnTzNVb055VGNOOF9FdnNfSkVTX2xWdy00RkNvNWM5b2VlQWNMTEp1OWJaZW1WRFl2VkFCQVJBUnIxU0Fac3FHeDFWWGtJTTJLbWFMdWRENnZJYVFqU0xtWjlrWXFvYVY3R2pXRkZXQ2tkNGd4ZEg4MlI3ek81dEtJa2R1eHZkd1NndUY5d3FWM05yOGFzb3h1QWVVdGN1QVJEVGJFcF9zZw?oc=5) · DailyVoice.com
- 2020-01-09 [N.J. banker admits lying to federal agency so they’d OK business loans - NJ.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOSFVCaGhWcDU3SXVUWFEtTTdfcnVlUEZMVkRySlgzdWlXTTJjX0k2NnBoeVozMU9qRnY0c09odC14NGROWkZtckN6aVJtY3dpZzB2YmFsOTAzTXg5SmZXTktHUmp3emY4eFU4bHVVVjV4dW5ZNVVheHdJLTlzZEpBQjFCTENsdGUyNUhXYVI0Y203eE96OHJ3Rms5UjlIZ2xvWFp0b09XbEFkZw?oc=5) · NJ.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58471 (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/39.json (key "58471", 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