Choice Financial Group
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Data as of · sourced from FFIEC call reports. How we update
Choice Financial Group is an FDIC-insured commercial bank headquartered in Fargo, ND, established in 1906 (FDIC certificate 9423), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $6.38B, up 10.8% from Q2 2025, the 2nd largest of 60 banks headquartered in North Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.84% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9423
- Headquarters
- Fargo, ND
- Established
- 1906
- Total assets, Q2 2026
- $6.38B
- Assets vs Q2 2025
- +10.8%
- Tier 1 leverage ratio, Q2 2026
- 10.84%
- Domestic offices
- 18 FDIC institution directory, current count
- Routing number
- 091302966
- Latest call report
- Q2 2026, FFIEC 041 · Choice Financial Group call report
- Holding company
- CHOICE FINANCIAL HOLDINGS, INC.
- Asset rank in state
- 2nd of 60 in North Dakota
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 0.68% and a Texas ratio of 2.85%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Choice Financial Group is the 2nd largest of the 60 banks headquartered in North Dakota. Between Q1 2026 and Q2 2026, its total assets rose 4.1% to $6.38B, loans rose 3.8% and deposits rose 2.2%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 21.7% of total loans, ahead of commercial and industrial loans at 15.1%. The FDIC Summary of Deposits lists 18 offices for it, in 17 cities across 2 states; its Golden Valley office books 46% of its branch deposits. On its Q2 2026 call report, Choice Financial Group meets the community bank leverage ratio test for well capitalized.
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)
- Domestic offices
- 18 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Choice Financial Group reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Choice Financial Group's total assets moved between a low of $4.80B (Q1 2024) and a high of $6.38B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$6.38B total assets against $5.76B; $5.66B total liabilities against $5.12B.
$3.18B net loans and leases against $3.16B; $5.13B total deposits against $4.91B.
$2.48B securities against $1.86B; $397.5M cash and balances due against $443.9M.
$82.1M total interest income against $77.6M; $33.6M total interest expense against $35.9M.
$48.5M net interest income against $41.7M.
$14.9M total noninterest income against $12.2M; $33.5M total noninterest expense against $29.5M.
$5.2M provision for credit losses against $1.1M.
$20.5M net income against $17.7M.
1.32% return on assets against 1.25%; 3.18% net interest margin against 3.12%.
10.84% tier 1 leverage ratio against 10.64%.
Inside the full Choice Financial Group terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeChoice Financial Group rankings
Its closest position to the top of a national ranking is 233 of 4,196, for total assets; its furthest is 659 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.97% (Q4 2024) to 4.46% (Q3 2024) and its net interest margin ran from 2.89% (Q3 2024) to 3.26% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.84% | 1.32% | 0.68% | 2.85% | 3.18% |
| Q1 2026 | 10.83% | 1.29% | 1.03% | 4.46% | 3.24% |
| Q4 2025 | 10.71% | 1.19% | 1.21% | 5.56% | 3.26% |
| Q3 2025 | 10.66% | 1.20% | 1.53% | 7.41% | 3.12% |
| Q2 2025 | 10.64% | 1.25% | 0.40% | 2.32% | 3.12% |
| Q1 2025 | 10.41% | 1.22% | 0.35% | 2.13% | 3.00% |
| Q4 2024 | 10.77% | 0.97% | 0.38% | 2.41% | 3.02% |
| Q3 2024 | 11.23% | 4.46% | 0.62% | 3.66% | 2.89% |
Swipe the table sideways to see every column.
Branch Network
View all 18 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Choice Financial Group headquartered?
It is headquartered in Fargo, ND, United States.
When was Choice Financial Group founded?
It was established in 1906, per the FDIC institution directory.
Is Choice Financial Group FDIC-insured?
Yes. It 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.
How many branches does Choice Financial Group operate?
It 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?
Its Texas Ratio is 2.85% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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