Choice bank in Oshkosh, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Choice bank - Overview

  • General
  • FDIC Certificate #: 58244
    Status: Active
    Federal Reserve ID: 3455236
    Bank Holding Company (Regulatory Top Holder): Choice Bancorp, Inc. (RSSDID: 4131153, Location: Oshkosh, WI)
    Date Established: July 24, 2006
    WWW: http://www.choicebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 444374
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 24, 2006
    Last Structure Change Effective Date: April 30, 2007
    Last Structure Change Process Date: June 20, 2007
    Last Data Update: June 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2450 Witzel Avenue, Oshkosh, WI 54904
    County: Winnebago
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Appleton-Oshkosh-Neenah, WI (#460)
    Combined Statistical Area (CSA): Appleton-Oshkosh-Neenah, WI (#118)
    Core Based Statistical Area (CBSA): Oshkosh-Neenah, WI (#36780)
    CBSA Metro Statistical Area: Oshkosh-Neenah, WI (#36780)
  • Financial Summary
  • Total assets: $175.0 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $158.3 mil
    Return on assets (ROA): 2.05% ($3.6 mil)
    Quarterly return on assets: 4.00% ($7.0 mil)
    Return on Equity (ROE): 25.38% ($4.1 mil)
    Quarterly return on equity: 46.95% ($7.5 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.34% ($2,345.1 mil)
    Quarterly Pretax return on assets: 1.26% ($2,205.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $175,010Total assets
  • $1,541Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,218Securities
  • $409Federal funds sold & reverse repurchase agreements
  • $159,041Net loans & leases
  • $4,145Loan loss allowance
  • $0Trading account assets
  • $1,491Bank premises and fixed assets
  • $1,020Other real estate owned
  • $0Goodwill and other intangibles
  • $175,010Life insurance assets
  • $2,290All other assets
  • $159,144Total liabilities and capital
  • $158,332Total liabilities
  • $149,705Total deposits
  • $158,332Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $812Subordinated debt
  • $15,866All other liabilities
  • $15,866Total equity capital
  • $15,866Total bank equity capital
  • $0Perpetual preferred stock
  • $2,161Common stock
  • $20,580Surplus
  • $-6,875Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,464Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,096Income earned, not collected on loans
  • $0Earning assets
  • $594Long-term assets (5+ years)
  • $168,668Average Assets, year-to-date
  • $17,539Average Assets, quarterly
  • $168,233Volatile liabilities
  • $175,090Insider loans
  • $138,183FHLB advances
  • $176,595Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,662Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,326Restructured Loans and leases
  • $13,455Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,229Total interest income
  • $2,262Total interest expense
  • $6,967Net interest income
  • $1,200Provision for loan and lease losses
  • $547Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $450Additional noninterest income
  • $4,058Total noninterest expense
  • $2,295Salaries and employee benefits
  • $343Premises and equipment expense
  • $1,420Additional noninterest expense
  • $2,256Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,200Applicable income taxes
  • $3,456Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,456Net income attributable to bank
  • $0Net charge-offs
  • $3,456Cash dividends
  • $101Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 2.05%Net operating income to assets
  • 2.05%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 25.38%Return on equity (ROE)
  • 25.38%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 1188.12%Credit loss provision to net charge-offs
  • 34.22%Efficiency ratio
  • 54,006Assets per employee
  • 7.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 378.19%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 100.45%Net loans and leases to core deposits
  • 128.17%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.87%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $168,233Average earning assets
  • $13,620Average equity
  • $162,455Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444374Choice Bank2450 Witzel Avenue, Oshkosh, WI 54904July 24, 2006Full Service Brick and Mortar
    1461005Jackson Street Branch2201 Jackson Street, Oshkosh, WI 54903January 22, 2007Full Service Brick and Mortar

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