Vitals
  • Total Assets
    1.1B -4.5 %
  • Total Deposits
    885.2M -5.5 %
  • Total Net Loans
    570.1M 2.9 %
  • Net Income
    9.0M 144.2 %
  • Book Value
    112.9M 8.7 %
  • Book Value x2
    225.8M 8.7 %
  • Book Value x3
    338.8M 8.7 %
ROAA

1.08

ROAE

11.247

Efficiency Ratio

82.51

Net Interest Margin

2.611

Balance Sheet Highlights
Financial Highlights First Choice Bank All Insured Commercial Banks in New Jersey
Balance Sheet $(000)
Total Assets 1,105,484 935,533
Total Net Loans 570,116 648,830
Total Deposits 885,178 779,742
Total Equity 112,917 101,564
Profitability
Net Income 9,032 5,859
Return on Average Assets 1.08 .64
Return on Average Equity 11.247 6.416
Net Interest Margin 2.611 3.409
Efficiency Ratio 82.51 75.092
Noninterest Income/Revenue 70.517 21.783
Balance Sheet Ratios
Loan-to-Deposit 64.407 84.757
Securities/Assets .418 .117
Total Equity/Total Assets .102 .109
Tangible Equity/Tangible Assets .056 .099
Capital Adequacy
Tier 1 Common Capital 58,330 90,646
Tier 1 Capital 109,113 92,187
Tier 2 Capital 7,713 8,241
Total Capital 116,826 100,470
Total Risk Weighted Assets 609,659 713,760
Leverage Ratio 9.85 9.637
Common Equity Tier 1 Capital Ratio 9.57 12.823
Tier 1 Capital Ratio 17.9 13.107
Total Capital Ratio 19.16 14.322

Timeline for First Choice Bank

Berkshire Bank

First Choice Bank was acquired by Berkshire Bank 7 years

View Profile Dec 03 2016

Vantage Point Bank

Acquisition: First Choice Bank acquired a new subsidiary, Vantage Point Bank, 10 years

View Profile Mar 01 2014

First Choice Bank

First Choice Bank was established 17 years ago and is currently headquartered in Lawrenceville, NJ.

Mar 23 2007
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Berkshire Bank Buyer 7,893,906 Acquisition Discontinued 12/3/2016
Vantage Point Bank Seller 63,453 Failure 3/1/2014
Relationships Role Relationship Start Relationship End
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