# CHOICE FINANCIAL GROUP
FARGO, ND · FDIC certificate 9423 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $6.38B | |
| Deposits | $5.13B | |
| Loans and leases | $3.22B | |
| Total equity | $718.7M | |
| Loans / deposits | 61.98% (p9 of band) | 87.10% |
| Liquid assets / assets | 45.04% (p93 of band) | |
| Uninsured deposits / deposits | 26.47% (p35 of band) | 30.76% |
| Brokered deposits | 21.43% | |
| Wholesale funding | 28.73% (p95 of band) | |
| FHLB advances / assets | 6.64% | |
| Tier 1 leverage | 10.84% (p57 of band) | 10.50% |
| Unrealized securities loss / equity | -1.85% (p82 of band) | -7.75% |
| AOCI / equity | -0.73% (p26 of band) | |
| ROA (annualized) | 1.30% (p55 of band) | 1.26% |
| Net interest margin | 3.28% (p25 of band) | 3.70% |
| Efficiency ratio | 54.93% (p38 of band) | |
| Noncurrent loans | 0.68% (p62 of band) | 0.51% |
| Net charge-offs (annualized) | 0.16% (p82 of band) | |
| Reserve coverage of noncurrent | 170.43% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 27.27% (p27 of band) | |
| Auto loans | $5.3M (0.17% of loans; DQ 0.45%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 4.5% | |
| Employees | 449 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 1 |  | brokered >10%, wholesale funding >15% |
| 2012-06 | 3 | brokered >10%, wholesale funding >15% |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 | capital falling | wholesale funding >15% |
| 2013-06 | 3 | wholesale funding >15% | capital falling |
| 2013-09 | 2 |  | reserve under noncurrent |
| 2013-12 | 1 |  | wholesale funding >15% |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 0 |  | brokered >10%, capital falling |
| 2014-09 | 1 | brokered >10% |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | capital falling |  |
| 2015-06 | 3 | loans exceed deposits, liquid assets <10% | capital falling |
| 2015-09 | 3 | wholesale funding >15% | loans exceed deposits |
| 2015-12 | 1 |  | brokered >10%, wholesale funding >15% |
| 2016-03 | 1 |  |  |
| 2016-06 | 3 | loans exceed deposits, brokered >10% |  |
| 2016-09 | 4 | wholesale funding >15% |  |
| 2016-12 | 0 |  | liquid assets <10%, loans exceed deposits, brokered >10%, wholesale funding >15% |
| 2017-03 | 1 | liquid assets <10% |  |
| 2017-06 | 2 | loans exceed deposits |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 0 |  | liquid assets <10%, loans exceed deposits |
| 2018-03 | 1 | reserve under noncurrent |  |
| 2018-06 | 0 |  | reserve under noncurrent |
| 2018-09 | 1 | liquid assets <10% |  |
| 2018-12 | 1 | reserve under noncurrent | liquid assets <10% |
| 2019-03 | 0 |  | reserve under noncurrent |
| 2019-06 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 3 | liquid assets <10%, reserve under noncurrent |  |
| 2020-09 | 2 | loans exceed deposits | capital falling, reserve under noncurrent |
| 2020-12 | 2 | uninsured deposits >50%, run vulnerability | liquid assets <10%, loans exceed deposits |
| 2021-03 | 0 |  | uninsured deposits >50%, run vulnerability |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | capital falling |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | capital falling |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 2 | brokered >10%, wholesale funding >15% |  |
| 2025-03 | 3 | capital falling |  |
| 2025-06 | 2 |  | capital falling |
| 2025-09 | 3 | reserve under noncurrent |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | reserve under noncurrent |
| 2026-06 | 2 |  |  |

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

- 2026-01-05 [Returning to the Office? Here’s the Top Fintech News You Missed - Finovate](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPTHVxeG9QNUl2dnJvaFdvRk91c1QyUFJrT2pJMGNZM2JiVzQ4bzJYY0xZUkszZ2M2M0NuN2I1a1NKaGh1RFFNdHcwanFWdG9nMXdtckMxdjZ3Zk11ZWhfbExlVi05MndnLTRBcWUyOUdaZ1EzSDJEUEtFYWVwSDZFU3NDblZzUER0ZUo4?oc=5) · Finovate
- 2026-05-21 [Mercury Raises $200M Series D to Push Boundaries of Banking - citybiz](https://news.google.com/rss/articles/CBMingFBVV95cUxQS0d0cUZ2QVQxbnZTb0NDeElHNUMyRU9MX05nRXQ3SFhIeTZwQnQ0MkZIeTRCeGhhODJjSHNKTEpBZE9vb1JyOHNUOF9GX3U4ZDRqeUJjT3JPdHNDOWJCZ0lia2ZGT2E3ZGlKM2YyY0pQdFlSY3BfaTM4Ym52ME1JUWRXSy1xb2F5RGpyVm56U2JNUi1XWlJ4dWRrcFlxZw?oc=5) · citybiz
- 2025-12-19 [Mercury Applies for OCC National Bank Charter to Become the Bank for Builders - Business Wire](https://news.google.com/rss/articles/CBMizwFBVV95cUxQRzcxX2xLRk1KbHFzZ21YUEs2emxWR1hfTTJvT2ZmN0xQbUhfY0M3RS15WWxmYmFLS0FvODdXX211ME1GN0U5T2JjOUhmS3FpVklPaFZJeUgyUVpCdHpreDdFZl9JMWdNbkRhQUEzbmoyVWwwLXlhUWpLQmd1ME9jcXhZOWE2NzFFZEN5Nk9UUUVoUERqTmtsUmlSYmNhWTdSY2tLclZ5aklLS1g4M1B4OFVWVXJEekpYWVBUX0tidnBZZ04yV3dsZU4yX1NZWHM?oc=5) · Business Wire
- 2025-03-26 [Partnering with Mercury: The Business Banking Platform of the Future - Sequoia Capital](https://news.google.com/rss/articles/CBMinwFBVV95cUxPTE9maGNXY3ZwRVpBNm03c3AxR25QVGplOG5Ya0pWMms4OE9MZEo5aWFtdVJTb0czbEFrVjJZdkxtSHg0ZVl6MTJXT0N5NWc2NUllODd0U3hTa1dXTkhqSkdyVnAxaTlTYkNRU1lFaklWc2ZiYmtidlo1QWExdHJJcF9EMU5nZG91SW1Ucng4TDEyaUF5RDFhQVNiNVpMNVE?oc=5) · Sequoia Capital
- 2025-07-03 [Deep Dive: Current - Tearsheet](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9MSGFxQkUyT1hYc1ZGRS02Ullma0lZT2tLeWVqa2RzVm9tbkEwVVZRRmxzRjE5NFZHWXhjdVc2SEhnOFVmWEFLVDlfWnNuT2FKV3pCdEJ0dGE3SjJLcGxmQVVSYw?oc=5) · Tearsheet
- 2025-05-22 [Choice Financial Group Welcomes Joe Harrow as Executive Vice President - Mid-Atlantic - PR Newswire](https://news.google.com/rss/articles/CBMi1wFBVV95cUxNSm56azBuVng4dl9ocFFkWHZRNVFpRDdqQnc4LS1VMnJGb2VwLWQ1RWt1NF9xS0dwVXhxNUx2T2Z6RFRkZzA3b1J0QUFBb0VNMWx5cnZfdnRIOGRqc2xtcmtjVzRTa0JTMGhDSklNeFRhQXNSZzl4VzNZenhlZUxFRXpwcWM1M0thWExFeUg4QUswWEF0TWJnS2hUaHVlX3pDTzZUT3VVTHllU3MtRS1CZl9RVnlUSmpEMTlZR1g5XzNMMENCd1BhRW9UR24tdmdiRlZsUERrdw?oc=5) · PR Newswire
- 2024-11-12 [5 things to keep in mind when choosing a bank account for your startup - Microsoft](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPd1lMcGotRTd2S1pfU1NiX0Q2YUJsMjhLT0VlZDU1RUZVY1N4NTYyQU9UaXVKY1BYTU43SEFyRVF5aEh4UFJsVWo3Tm53aXJLSnhXWXJMU2hHLTUwTnRzVW5ucldRbkZOZG9UT21mWjRJWTJBcDZnWWtvN0piS01IUHFQUUNvUjZTeWpjUDFOZGd2U21OY1RRWTFNbnQwdmtGMHpLclRuX1c3a01lY3ZzTUEwMi1pXzlD?oc=5) · Microsoft
- 2024-11-04 [Regulators crack down on Minnesota community banks over fintech partnerships - startribune.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxPdjl0SmZzcEF0Q3paZ1J2bDRfdWpscC1XOTZMNUhmaUxCUDlkY0UzcUF2bllnNExfZERuYmU5NzFWbENfX0RTM2dPcEVnclNrSnJFMXVrc0d0Sk9vSm5OT0g3T0dUTGZUSktKZG96TDFMNVpaRXNOcjlqLU5OTHFBRHcxZnlNazRWZXFWRGRhbzFZQXRCQkdsUDJIQ0s?oc=5) · startribune.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9423 (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/15.json (key "9423", 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