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Choice Financial Group

Fargo, ND · Cert 9423 · Choice Financial Holdings Inc.

State charter, non-member · FDIC · 18 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

27

Q2 2024Q2 2026peer median (50)

Asset Quality

28

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

64

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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 Financial Group

Fargo, ND · Cert 9423 · Choice Financial Holdings Inc.

State charter, non-member · FDIC · 18 branches

Q2 2026

$6.4BAssets
$3.2BLoans
$5.1BDeposits
$718.7MEquity
Loan mix
81%RE $2.2B18%C&I $0.5B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $4.3B15%Noninterest $0.8BQ2 2025Q2 2026

NIM

5.74%Q2 ’245.43%Q2 ’255.16%Q2 ’26+4%+5%

Non-interest income vs. expense

2.14%Q2 ’241.98%Q2 ’252.14%Q2 ’26+21%+14%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 1.2% share · #11 of 125 inst. · $3.0B of $253.2B

1.8% Hennepin
8.9% Cass
8.6% Grand Forks
2.3% Dakota

Executive Summary

  • Earnings: ROA of 1.30%, up 6 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.68% of loans (+28 bps YoY), with net charge-offs at 0.30%.
  • Capital: tier 1 leverage ratio of 10.84%, up 20 bps from a year ago.
  • Funding: loans stand at 62.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.30%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.07%+15 bps YoY

Efficiency Ratio (YTD, annualized)

54.93%+232 bps YoY

Tier 1 Leverage Ratio

10.84%+20 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.23%1.22%1.29%1.30%+6 bps
Return on Equity11.23%11.06%10.92%11.26%11.42%+19 bps
Net Interest Margin2.92%2.90%2.90%3.10%3.07%+15 bps
Efficiency Ratio52.61%54.26%54.16%57.56%54.93%+232 bps
Non-Interest Burden1.15%1.20%1.18%1.47%1.31%+16 bps
Growth
Asset Growth (YoY)16.71%9.04%10.22%8.96%10.82%-589 bps
Loan Growth (YoY)1.62%0.29%0.12%-1.22%0.35%-126 bps
Deposit Growth (YoY)12.42%8.80%8.95%1.12%4.46%-796 bps
Asset Quality
Nonperforming Loans / Loans0.40%1.53%1.21%1.03%0.68%+28 bps
Net Charge-Offs / Loans0.01%0.09%0.23%0.09%0.30%+30 bps
Allowance / Loans1.27%1.20%1.17%1.18%1.17%-11 bps
Allowance Coverage of NPLs3.2x0.8x1.0x1.1x1.7x-1.5x
Capital
Tier 1 Leverage Ratio10.64%10.66%10.71%10.83%10.84%+20 bps
Total Risk-Based Capital10.64%10.66%10.71%10.83%10.84%+20 bps
Equity / Assets11.07%11.47%11.47%11.41%11.26%+19 bps
Liquidity & Funding
Loans / Deposits65.28%63.56%61.96%61.73%62.71%-257 bps
Liquid Assets / Assets6.91%5.24%4.65%4.95%5.00%-191 bps
CRE / Total Capitaln/a244%242%231%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Choice Financial Group

Fargo, ND · Cert 9423 · Peer group: banks $1B-$10B in assets (n=322-328) · Choice Financial Holdings Inc.

State charter, non-member · FDIC · 18 branches

Q2 2026

$6.4BAssets
$3.2BLoans
$5.1BDeposits
$718.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 64% of banks $1B-$10B in assets (rank 119 of 328).
  • Widest gap: total risk-based capital ratio trails 93% of banks $1B-$10B in assets (rank 305 of 328).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.25%

Rank 154 of 328

Net Interest Margin

3.07%

Rank 240 of 328

Efficiency Ratio

55.29%

Rank 119 of 328

Equity / Assets

11.26%

Rank 120 of 328

Non-interest income vs. expense

$51.8M$133.6MINCOMEEXPENSE
Unfavorable gap of $81.8M · efficiency ratio beats 64% of banks $1B-$10B in assets
Bank 55.29%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.25%0.91%1.22%1.52%Beats 53%154 / 328
Return on Equity11.13%8.43%11.45%14.43%Beats 46%176 / 328
Net Interest Margin3.07%3.03%3.45%3.83%Beats 27%240 / 328
Efficiency Ratio55.29%51.61%59.56%67.53%Beats 64%119 / 328
Asset Quality
Nonperforming Loans / Loans0.68%0.24%0.51%1.03%Beats 38%200 / 322
Net Charge-Offs / Loans0.17%0.01%0.03%0.10%Beats 17%269 / 322
Capital
Tier 1 Capital Ratio10.84%11.75%13.15%15.47%Beats 11%291 / 328
Total Risk-Based Capital Ratio10.84%12.63%14.15%16.46%Beats 7%305 / 328
Equity / Assets11.26%9.15%10.33%12.01%Beats 63%120 / 328
Liquidity & Funding
Loans / Deposits62.71%76.63%87.92%95.36%8th pctl296 / 323
Loans / Assets50.38%65.18%74.15%79.98%8th pctl301 / 328
Brokered Deposits / Depositsn/aNot reported for this institution