Choice Financial Group: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Choice Financial Group, based in Fargo, North Dakota, reported $6.4 billion in assets at June 30, 2026, up 10.8% from a year earlier. It grew its loan book 0.4% over the year, a small fraction of the median of 5.9% for the 895 banks with $1 billion to $10 billion in assets. It also keeps 3.18 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.71 cents).
Net income for the quarter rose 16% from a year earlier, to $21 million. Over the same year, loans grew 0.4% and deposits grew 4.5%. Funding is the softer spot: it pays an average of 2.50% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
As of June 30, 2026, Choice Financial Group reported a return on assets of 1.32%, a nonperforming-loan ratio of 1.37% and a Texas ratio of 2.85%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 4501 23rd Ave S, Fargo, ND 58104
- County
- Cass
- Metro Area
- Fargo, ND-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1906
- Former names
- Citizens State Bank Grafton-Petersburg (1995-2001)
- Offices
- 18 domestic
- Employees (FTE)
- 449
- Domestic deposits
- $5.13B
- Allowance for credit losses
- $37.5M
- Net charge-offs (YTD)
- $4.9M
- Average total assets
- $6.24B
- Average total loans
- $3.13B
- Average interest-bearing deposits
- $4.45B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9423
- Fed RSSD
- 826956
- SEC CIK
- 1479959 → filed by CHOICE FINANCIAL HOLDINGS, INC.
- Website
- HTTP://WWW.BANKWITHCHOICE.COM →
- Parent Holding Company
- CHOICE FINANCIAL HOLDINGS, INC. (RSSD 1125030)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Choice Financial Group terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Choice Financial Group, freeChoice Financial Group rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.84% | 1.32% | 1.37% | 2.85% | 3.18% |
| Q1 2026 | 10.83% | 1.29% | 1.78% | 4.46% | 3.24% |
| Q4 2025 | 10.71% | 1.19% | 1.62% | 5.56% | 3.26% |
| Q3 2025 | 10.66% | 1.20% | 1.40% | 7.41% | 3.12% |
| Q2 2025 | 10.64% | 1.25% | 0.94% | 2.32% | 3.12% |
| Q1 2025 | 10.41% | 1.22% | 0.89% | 2.13% | 3.00% |
| Q4 2024 | 10.77% | 0.97% | 0.93% | 2.41% | 3.02% |
| Q3 2024 | 11.23% | 4.46% | 1.30% | 3.66% | 2.89% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 18 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Golden Valley Branch | Golden Valley , MN | 55416 | $2.34B |
| Choice Financial Group (main office) | Fargo , ND | 58104 | $958.8M |
| Venture Bank Branch | Bloomington , MN | 55435 | $244.2M |
| Grand Forks Branch | Grand Forks , ND | 58201 | $237.3M |
| Eagan Branch | Eagan , MN | 55121 | $224.9M |
| Choice Financial Group - Bismarck Branch | Bismarck , ND | 58501 | $180.9M |
| Roseville Branch | Roseville , MN | 55113 | $153.5M |
| First State Bank Langdon Branch | Langdon , ND | 58249 | $153.1M |
| Grafton Branch | Grafton , ND | 58237 | $146.8M |
| Prairie Hills Mall Branch | Dickinson , ND | 58601 | $100.6M |
| Great Plains National Bank Branch | Belfield , ND | 58622 | $95.7M |
| Northern Financial Branch | Steele , ND | 58482 | $81.5M |
| Walhalla State Bank Branch | Walhalla , ND | 58282 | $73.1M |
| Ellendale Branch | Ellendale , ND | 58436 | $45.2M |
| First Capital Bank of North Dakota Branch | West Fargo , ND | 58078 | $41.6M |
| Moorhead Branch | Moorhead , MN | 56560 | $27.4M |
| Grand Forks Branch | Grand Forks , ND | 58201 | $11.0M |
| Lamoure Branch | Lamoure , ND | 58458 | $9.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 15, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 15, 2018 | Structure Change | Acquired Venture Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 24, 2015 | Structure Change | Acquired Northland Financial Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 23, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 26, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 26, 2014 | Structure Change | Acquired Great Plains National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 20, 2013 | Structure Change | Acquired Choice Financial Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 19, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 3, 2001 | Structure Change | Acquired Walhalla State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 2, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
What the public regulatory sources show for Choice Financial Group, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 5.0% of deposits in ND, rank 5 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 346 applications, 275 loans originated, $147.1M originated, across 17 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 24 loans, $12.8M approved, $532K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Choice Financial Group
What are Choice Financial Group's total assets?
As of the Q2 2026 filing, Choice Financial Group reported total assets of $6.38 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Choice Financial Group headquartered?
Choice Financial Group is headquartered in Fargo, ND, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Choice Financial Group founded?
Choice Financial Group was established in 1906, per the FDIC institution directory.
Is Choice Financial Group FDIC-insured?
Yes. Choice Financial Group is an FDIC-insured commercial bank (FDIC Certificate #9423). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Choice Financial Group?
Choice Financial Group's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does Choice Financial Group operate?
Choice Financial Group operates 18 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Choice Financial Group's Texas Ratio?
Choice Financial Group's Texas Ratio is 2.85% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Choice Financial Group previously called?
The charter now named Choice Financial Group has also operated as Citizens State Bank Grafton-Petersburg (1995-2001), per FDIC structure-change records.
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