Vitals
  • Total Assets
    1.2B 5.3 %
  • Total Deposits
    1.0B 5.8 %
  • Total Net Loans
    998.1M 3.6 %
  • Net Income
    26.3M 4.0 %
  • Book Value
    126.8M 7.7 %
  • Book Value x2
    253.6M 7.7 %
  • Book Value x3
    380.4M 7.7 %
ROAA

2.339

ROAE

21.58

Efficiency Ratio

55.379

Net Interest Margin

4.45

Balance Sheet Highlights
Financial Highlights Choice Financial Group All Insured Commercial Banks in North Dakota
Balance Sheet $(000)
Total Assets 1,174,850 232,076
Total Net Loans 998,055 156,713
Total Deposits 1,036,997 198,811
Total Equity 126,803 23,476
Profitability
Net Income 26,314 3,002
Return on Average Assets 2.339 1.206
Return on Average Equity 21.58 11.39
Net Interest Margin 4.45 3.951
Efficiency Ratio 55.379 62.572
Noninterest Income/Revenue 19.675 15.037
Balance Sheet Ratios
Loan-to-Deposit 96.245 75.896
Securities/Assets .056 .19
Total Equity/Total Assets .108 .101
Tangible Equity/Tangible Assets .099 .097
Capital Adequacy
Tier 1 Common Capital 117,547 22,730
Tier 1 Capital 117,547 22,737
Tier 2 Capital 9,768 2,012
Total Capital 127,315 24,749
Total Risk Weighted Assets 1,019,690 176,189
Leverage Ratio 10.3 10.101
Common Equity Tier 1 Capital Ratio 11.53 13.897
Tier 1 Capital Ratio 11.53 13.902
Total Capital Ratio 12.49 14.995

Timeline for Choice Financial Group

Northland Financial

Acquisition: Choice Financial Group acquired a new subsidiary, Northland Financial, 8 years

View Profile Oct 24 2015

Midwest Leasing, Inc.

Midwest Leasing, Inc. became a new subsidiary organization for Choice Financial Group.

View Profile Oct 24 2015

Northland Financial Insurance Company

Northland Financial Insurance Company became a new subsidiary organization for Choice Financial Group.

View Profile Aug 31 2015

Great Plains National Bank

Acquisition: Choice Financial Group acquired a new subsidiary, Great Plains National Bank, 10 years

View Profile Apr 26 2014

Belfield First National Insurance, Inc.

Belfield First National Insurance, Inc. became a new subsidiary organization for Choice Financial Group.

View Profile Apr 26 2014

Want to see more?

Complete timeline for Choice Financial Group is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Northland Financial Seller 196,855 Pooling of Interests Discontinued 10/24/2015
Great Plains National Bank Seller 217,138 Pooling of Interests Discontinued 4/26/2014
Choice Financial Savings Bank Seller 15,936 Pooling of Interests Discontinued 4/20/2013
First Capital Bank Of North Dakota Seller 19,625 Acquisition Discontinued 11/3/2001
First State Bank Langdon Seller 69,121 Acquisition Discontinued 11/3/2001
Walhalla State Bank Seller 36,615 Acquisition Discontinued 11/3/2001
Relationships Role Relationship Start Relationship End
Choice Financial Holdings, Inc. Parent 12/31/1986
Choice Financial Holdings, Inc. Parent 2/25/1980 12/30/1986
Belfield First National Insurance, Inc. Subsidary 4/26/2014
Northland Financial Insurance Company Subsidary 8/31/2015
Midwest Leasing, Inc. Subsidary 10/24/2015
Great Plains National Insurance Agency, Llc Subsidary 12/31/2013
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