Choice Bank

Headquarters

1041 N. Westhaven Dr
Oshkosh, WI 54904
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Choice Bank is an FDIC insured institution located in Oshkosh, WI. It was founded in 2006 and has approximately $0.44 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58244
Date Established 2006
Assets $ 444.12 million
Loans $ 347.50 million
Deposits $ 307.65 million
Capital $ 44.22 million
 

For a more detailed analysis of Choice Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 26, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - February 26, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Choice Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
3.154% 3.125% 0.38 $928 $1,071 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Choice Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Choice Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Choice Bank Locations


Financial Details

Choice Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Choice Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Choice Bank U.S. Bank Average
0.33% 6.14%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2020, Choice Bank had $161,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,217,000 in equity and $4,583,000 in loans loss reserves. That gives it a Texas Ratio of 0.33%.

Return on Equity
Choice Bank U.S. Bank Average
10.97% 9.23%

Choice Bank has a Return on Equity of 10.97% versus the BestCashCow average of 9.23%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Choice Bank U.S. Bank Average
9.96% 12.07%

Choice Bank has a Capitalization of 9.96% versus the BestCashCow average of 12.07. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Choice Bank Balance Sheet Analysis

As of September 30, 2019, Choice Bank had assets of $436,390,000, loans of $347,495,000, and deposits of $307,652,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 33.73 million
Interest-bearing balances $ 30.73 million
Total securities $ 20.15 million
Federal funds sold and reverse repurchase $ 12.60 million
Net loans and leases $ 347.50 million
Loan loss allowance $ 4.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.16 million
All other assets $ 12.01 million
     Total Assets $ 392.17 million
LIABILITIES
Total deposits $ 307.65 million
      Interest-bearing deposits $ 282.34 million
      Deposits held in domestic offices $ 307.65 million
      % insured (estimated) 88.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.11 million
Subordinated debt N.A.
All other liabilities $ 2.42 million
      Total Liabilities $ 392.17 million
      Shareholders’ Equity $ 51.94 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.62 million
Total Interest Expense $ 5.35 million
Net interest income $ 9.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.01 million
Total non interest expense $ 5.20 million
Pre-tax Net Operating Income $ 5.09 million

Bank Loan Profile?

The top three loan types in Choice Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Wisconsin, Choice Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.50
Multifamily
Mortgages
10.36
Credit Card Loans 0.05
Consumer Auto Loans 0.12
Small Business Loans 10.45
Construction and Development Loans 13.68
Commercial Real Estate 27.81
Commercial and Industrial Loans 16.30
Farm Loans 0.05

Frequently Asked Questions About Choice Bank

Branches and Savings

Is Choice Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58244.

Why does Choice Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Choice Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Choice Bank a commercial bank?

Yes

Where are Choice Bank locations?

See branch locations nearby.

Is Choice Bank open on Saturdays?

Is Choice Bank open on Sundays?

What time does Choice Bank open?

What time does Choice Bank close?

Are Choice Bank ATMs Open 24/7?

Do Choice Bank ATMs accept cash deposits?

Can Choice Bank customers use other ATMs?

Do Choice Bank branches have notaries?

Will Choice Bank notarize my document?

What address for Choice Bank should I put for incoming ACH transfers?

Will the Choice Bank branch print checks?

Do Choice Bank checks expire?

Does Choice Bank require US citizenship to open account?

Can Choice Bank close my account?

Does Choice Bank Report to credit bureaus?

Does Choice Bank Use Equifax?

What is Choice Bank's ACH Routing Number?

What is Choice Bank's SWIFT code?

Products

Does Choice Bank offer mortgages?

Compare mortgage rates here.

Does Choice Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Choice Bank offer personal loans?

Compare personal loan rates here.

Does Choice Bank offer student loans?

Will Choice Bank cash a check?

Will Choice Bank redeem a savings bond?

Does Choice Bank cash savings bonds?

Will Choice Bank cash money orders?

Can Choice Bank issue a money order?

Does Choice Bank do currency exchange?

Background on The Bank

Who owns Choice Bank?

How long has Choice Bank been around?

Can Choice Bank transfer to other banks?

Does Choice Bank have quick pay?

Does Choice Bank accept rolled coins?

Will Choice Bank accept loose change?

Where is Choice Bank headquarters?

Customer Reviews for Choice Bank

There are currently no comments for Choice Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →