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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · North Dakota, the state note

Choice Financial Group

Fargo, North Dakota · $6.38B in assets · beside the 11 other the Plains states banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

62.7%
Loans / deposits
1st of 12
173.7%
CRE / capital
2nd of 12
+0.4%
Loans, year over year
10th of 12, largest first

Choice Financial Group is the sixth largest of the 12 the Plains states banks nearest its size between $3B and $10B, with $6.38B in assets at 30 June 2026. Loans are 62.7% of deposits, the lowest in the cohort against a median of 90.5%, and equity is 11.3% of assets, 4th of 12. Loans grew +0.4% in the year, 10th of 12, and deposits grew 4.5%; the cohort's median loan growth is +6.9%.

Noncurrent loans are 0.68% of the book, 8th of 12 against a median of 0.62%; 0.25% is 30 to 89 days past due, and the allowance covers them 1.7 times. Net charge-offs are 0.30% of loans, 10th of 12. Commercial real estate is 36.2% of loans, 7th of 12 against a median of 35.8%, and 174% of capital, below the 300% screen, with construction at 29% against the 100% screen.

Return on assets is 1.28%, 7th of 12 against a median of 1.30%, on an efficiency ratio of 55.3%, 3rd of 12. Five years ago it was 1.55%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsPlains states banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 90.5% CF Choice Financial Group 62.7% FB First Bank 73.0% IB Intrust Bank National Association 73.2% EB Equity Bank 85.4% PN Pathward National Association 87.4% BT Bankers Trust Co. 89.7% FI First International Bank & Trust 91.3% DB Dacotah Bank 93.9% AF Alerus Financial N.A. 95.8% SB Southern Bank 99.4% GS Great Southern Bank 100.1% BB Bridgewater Bank 101.3%
Loans, year over yearPlains states banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +6.9% EB Equity Bank +50.2% FI First International Bank & Trust +9.4% PN Pathward National Association +8.6% DB Dacotah Bank +8.2% FB First Bank +7.8% SB Southern Bank +7.1% BB Bridgewater Bank +6.8% IB Intrust Bank National Association +3.6% BT Bankers Trust Co. +1.5% CF Choice Financial Group +0.4% AF Alerus Financial N.A. -1.3% GS Great Southern Bank -4.9%

SBA 7(a), FY2008 to FY2026

Choice Financial Group is the 5th largest 7(a) lender into Minnesota of 444, with $349M across 744 loans, 3.5% of everything approved in the state (Old National Bank leads with $1.05B). 34 of its 58 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Minnesota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hennepin, MN$194M4th of 2286.7%-0.3 pts
Ramsey, MN$36M6th of 1393.8%-4.3 pts
Dakota, MN$30M5th of 1603.6%+1.4 pts
Washington, MN$16M6th of 1093.7%-0.5 pts
Scott, MN$15M3rd of 966.4%-1.8 pts
Anoka, MN$15M11th of 1362.0%-4.5 pts
Cass, ND$13M8th of 814.1%+7.3 pts
Burleigh, ND$8M4th of 446.7%+4.2 pts
Wright, MN$7M7th of 953.0%thin
Saint Croix, WI$6M9th of 633.0%thin
Polk, MN$6M3rd of 237.6%quiet FY2020
Grand Forks, ND$5M5th of 345.2%thin
Sherburne, MN$5M12th of 842.5%thin
45 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Wholesale trade90$64M15.5%0.25%72nd of 1,651
Manufacturing132$63M15.2%0.16%114th of 2,246
Accommodation & food services103$48M11.6%0.06%228th of 2,596
Construction101$47M11.5%0.15%106th of 2,063
Professional & technical services125$42M10.2%0.13%105th of 1,955
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and Choice Financial Group
ON Old National Bank 10.7% $1.05B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 1 CBLR filer, Choice Financial Group among them; owner-occupied excluded; bold marks a screen met
Choice Financial GroupRankCohort median
Total CRE against capital, the 300% screen174%2nd of 12249%
Construction against capital, the 100% screen29%4th of 1248%
Construction and land development, share of loans6.1%5th of 127.1%
Non-owner-occupied nonfarm nonresidential, share of loans21.7%8th of 1221.0%
Total CRE, the guidance definition, share of loans36.2%7th of 1235.8%
CRE growth over 36 months, the third prong+39.1%10th of 12+27.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Bankers Trust Co.$7.83B1.0%58.5%0.31%0.07%1.4%89.7%9.5%
Equity Bank$7.71B1.4%58.5%1.18%0.11%1.2%85.4%11.6%
Pathward National Association$7.31B2.7%58.3%5.28%0.84%2.1%87.4%12.1%
Intrust Bank National Association$6.76B1.3%59.3%0.60%0.04%1.2%73.2%7.4%
First Bank$6.65B0.7%73.7%0.27%0.17%1.0%73.0%8.4%
Choice Financial Group$6.38B1.3%55.3%0.68%0.30%1.2%62.7%11.3%
First International Bank & Trust$6.18B1.2%71.0%1.54%0.20%1.0%91.3%8.4%
Great Southern Bank$5.53B1.3%63.2%0.02%0.04%1.5%100.1%11.0%
Bridgewater Bank$5.38B1.3%51.6%0.49%0.04%1.3%101.3%11.7%
Alerus Financial N.A.$5.28B1.8%63.9%0.26%0.47%1.2%95.8%11.0%
Southern Bank$5.19B1.5%51.2%0.63%0.21%1.2%99.4%10.5%
Dacotah Bank$4.92B1.1%62.2%1.52%0.22%1.2%93.9%9.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Choice Financial GroupCohort median
20212026Change20212026Change
Loans$2.26B$3.22B+42%$2.94B$4.39B+49%
Deposits$2.79B$5.13B+84%$3.77B$5.29B+40%
NPA / loans0.47%0.68%+0.21 pts0.42%0.62%+0.20 pts
Efficiency50.2%55.3%+5.1 pts59.1%58.9%-0.2 pts
ROA1.55%1.28%-0.27 pts1.56%1.30%-0.26 pts

This read was prepared for Choice Financial Group's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Choice Financial Group is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Plains states banks $3B to $10B
Institution HTTP://WWW.BANKWITHCHOICE.COM

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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