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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