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Choice Bank

Oshkosh, WI · Cert 58244

FDIC · 2 branches

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Choice Bank

Oshkosh, WI · Cert 58244

FDIC · 2 branches

Q3 2019

$436.4MAssets
$352.1MLoans
$307.7MDeposits
$44.2MEquity
Loan mix
80%RE $232.1M20%C&I $56.6M0%Consumer $0.7MQ3 2018Q3 2019
Deposit mix
92%Interest-bearing $282.3M8%Noninterest $25.3MQ3 2018Q3 2019

NIM

4.07%Q3 ’174.10%Q3 ’184.43%Q3 ’19-10%+2%

Non-interest income vs. expense

1.55%Q3 ’171.58%Q3 ’181.57%Q3 ’19-2%-5%

Market Position · Oshkosh-Neenah, WI · 2019 SOD (annual) · 13.5% share · #2 of 16 inst. · $0.3B of $2.3B

Executive Summary

  • Earnings: ROA of 1.15%, up 18 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.05% of loans (-7 bps YoY), with net recoveries of 0.10%.
  • Capital: tier 1 leverage ratio of 10.04%, up 47 bps from a year ago.
  • Funding: loans stand at 114.44% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.15%+18 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+5 bps YoY

Efficiency Ratio (YTD, annualized)

50.54%-202 bps YoY

Tier 1 Leverage Ratio

10.04%+47 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.97%1.15%1.17%1.06%1.15%+18 bps
Return on Equity10.22%12.02%12.09%10.97%11.78%+156 bps
Net Interest Margin2.76%2.75%2.82%2.76%2.81%+5 bps
Efficiency Ratio52.56%50.17%50.92%53.70%50.54%-202 bps
Non-Interest Burden1.33%1.25%1.23%1.34%1.27%-6 bps
Growth
Asset Growth (YoY)15.78%5.28%8.79%11.39%1.60%-1,417 bps
Loan Growth (YoY)7.31%-0.27%0.34%8.41%6.16%-115 bps
Deposit Growth (YoY)23.30%8.46%19.80%24.34%8.87%-1,442 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.04%0.16%0.05%0.05%-7 bps
Net Charge-Offs / Loans0.00%-0.16%-0.32%-0.16%-0.10%-10 bps
Allowance / Loans1.27%1.27%1.35%1.31%1.30%+3 bps
Allowance Coverage of NPLs10.6x29.1x8.7x28.0x28.5x+17.8x
Capital
Tier 1 Leverage Ratio9.57%9.77%9.68%9.71%10.04%+47 bps
Total Risk-Based Capital14.42%14.79%14.81%14.50%15.25%+83 bps
Equity / Assets9.28%9.88%9.44%9.62%10.13%+85 bps
Liquidity & Funding
Loans / Deposits117.36%124.25%108.88%111.18%114.44%-292 bps
Liquid Assets / Assets7.48%5.73%11.24%9.07%7.04%-44 bps
CRE / Total Capitaln/an/an/an/an/an/an/a