Choice Financial Group Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300BB4LSE4JRRGV15

Tax ID: 45-0117790

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Choice Financial Group is a smaller mortgage company specializing in Refi and Home Purchase loans. Choice Financial Group has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fargo, Minneapolis, Bismarck, Grand Forks, and Dickinson among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Choice Financial Group has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Choice Financial Group is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 11/21/24
    30 Year Conventional Refi 6.62% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year USDA Purchase 6.69% 11/21/24
    15 Year Conventional Purchase 6.02% 11/21/24
    15 Year Conventional Refi 6.05% 11/21/24
    15 Year Cash-out Refi 6.05% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Choice Financial Group Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Choice Financial Group. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    876

    Origination Dollar Volume (All Markets)

    $337,210,000

    Employee count

    369 Show all (6) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    FARGO, ND-MN (FHA|USDA|VA) 178 $92,270,000 $518,371 $4,172 3.30%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 184 $83,360,000 $453,043 $5,204 2.98%
    BISMARCK, ND (FHA|USDA|VA) 160 $48,050,000 $300,313 $5,637 3.10%
    Outside of Metro Areas 146 $32,720,000 $224,110 $4,338 3.37%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 83 $21,795,000 $262,590 $5,288 3.07%
    Dickinson, ND (FHA|USDA|VA) 33 $21,255,000 $644,091 $4,946 3.54%
    DULUTH, MN-WI (FHA|USDA|VA) 19 $10,575,000 $556,579 $5,580 3.09%
    RAPID CITY, SD (FHA|USDA|VA) 2 $4,380,000 $2,190,000 $4,111 3.60%
    Fergus Falls, MN (FHA|USDA|VA) 11 $2,685,000 $244,091 $4,134 2.65%
    Wahpeton, ND-MN (FHA|USDA|VA) 3 $2,685,000 $895,000 $4,857 2.76%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $2,420,000 $242,000 $4,888 2.91%
    Brainerd, MN (FHA|USDA|VA) 5 $1,965,000 $393,000 $5,075 3.08%
    Bemidji, MN (FHA|USDA|VA) 3 $1,865,000 $621,667 $5,090 3.73%
    Gillette, WY (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $0 4.25%
    Jamestown, ND (FHA|USDA|VA) 7 $1,095,000 $156,429 $2,530 4.21%
    Alexandria, MN (FHA|USDA|VA) 3 $815,000 $271,667 $5,658 3.19%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $730,000 $365,000 $6,618 3.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,202 2.56%
    New Ulm, MN (FHA|USDA|VA) 2 $540,000 $270,000 $5,893 2.69%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $475,000 $475,000 $8,533 3.25%
    LINCOLN, NE (FHA|USDA|VA) 1 $475,000 $475,000 $7,443 3.25%
    Grand Rapids, MN (FHA|USDA|VA) 1 $425,000 $425,000 $7,425 2.50%
    Helena, MT (FHA|USDA|VA) 2 $410,000 $205,000 $3,984 3.87%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $6,803 2.63%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $345,000 $345,000 $5,225 2.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $345,000 $345,000 $8,067 4.61%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $325,000 $325,000 $5,940 2.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $3,902 2.50%
    Mitchell, SD (FHA|USDA|VA) 1 $285,000 $285,000 $5,181 2.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,804 4.76%
    Spearfish, SD (FHA|USDA|VA) 1 $235,000 $235,000 $4,832 2.63%
    Manitowoc, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,877 3.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $205,000 $205,000 $5,000 3.25%
    Juneau, AK (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.95%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $175,000 $175,000 $1,950 2.75%
    MANKATO, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
    ROCHESTER, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,446 3.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,598 2.38%
    BILLINGS, MT (FHA|USDA|VA) 1 $115,000 $115,000 $3,048 3.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,149 2.63%
    Choice Financial Group's top markets include Fargo, Minneapolis, Bismarck, Grand Forks, and Dickinson among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Choice Financial Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 20
    Western National Bank
    Similarity Rank: 120
    NORTHWOODS
    Similarity Rank: 156
    Dacotah Bank
    Similarity Rank: 165
    SUPERIOR CHOICE
    Similarity Rank: 198
    The Miners National Bank of Eveleth
    Similarity Rank: 400
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 455
    Peoples Bank Midwest
    Similarity Rank: 608
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 874
    Liberty Bank Minnesota
    Similarity Rank: 882

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 871 $336,595,000 $386,447 $4,952 3.18%
    USDA 5 $615,000 $123,000 $4,895 3.44%

    For 2020, Choice Financial Group's most frequently originated type of loan was Conventional, with 871 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 532 $180,910,000 $340,056 $4,748 3.03%
    Home Purchase 317 $147,235,000 $464,464 $5,332 3.35%
    Cash Out Refi 15 $5,745,000 $383,000 $0 4.37%
    Other 7 $2,665,000 $380,714 $6,649 3.13%
    Home Improvement 5 $655,000 $131,000 $2,760 4.00%

    For 2020, Choice Financial Group's most frequently cited loan purpose was Refi, with 532 originations. The 2nd most popular reason was Home Purchase, with 317 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 503 $143,785,000 $285,855 $5,261 3.02%
    15 Year 151 $33,885,000 $224,404 $4,458 2.54%
    Other 82 $40,430,000 $493,049 $3,912 4.47%
    5 Year 65 $96,805,000 $1,489,308 $0 4.24%
    20 Year 46 $11,180,000 $243,043 $4,387 2.76%
    10 Year 15 $7,635,000 $509,000 $4,212 3.44%
    3 Year 10 $3,050,000 $305,000 $0 4.08%
    1 Year 4 $440,000 $110,000 $0 4.53%

    For 2020, Choice Financial Group's most frequently cited loan duration was 30 Year, with 503 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 173 $36,565,000 $211,358
    $3k-4k 170 $44,200,000 $260,000
    $1k-2k 154 $28,940,000 $187,922
    $4k-5k 103 $35,785,000 $347,427
    $<1k 88 $25,140,000 $285,682
    $5k+ 59 $29,855,000 $506,017

    Choice Financial Group's average total fees were $5,261, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 173 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 320 $108,250,000 $338,281
    3-4% 272 $137,750,000 $506,434
    <2.5% 162 $40,720,000 $251,358
    4-5% 103 $47,655,000 $462,670
    5-6% 15 $2,655,000 $177,000
    6-7% 3 $175,000 $58,333
    Over 8% 1 $5,000 $5,000

    During 2020, Choice Financial Group's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 416 $116,800,000 $280,769 $5,346 3.01%
    $100k-200k 227 $35,405,000 $155,969 $3,705 3.17%
    $400k-600k 119 $56,445,000 $474,328 $6,162 3.10%
    $100,000 or less 82 $5,440,000 $66,341 $2,820 3.87%
    $1MM+ 21 $113,695,000 $5,414,048 $19,017 3.81%
    $600k-1MM 11 $9,425,000 $856,818 $8,581 4.18%

    2020 saw Choice Financial Group place emphasis on $200k-400k loans with 416 originations, totaling $116,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $40,810,000 $275,743 $5,005 2.98%
    $50k-75k 130 $26,850,000 $206,538 $4,614 3.13%
    $150k-250k 117 $38,325,000 $327,564 $5,392 2.95%
    $75k-100k 115 $26,355,000 $229,174 $4,808 3.04%
    $250k+ 85 $34,715,000 $408,412 $6,179 3.12%
    $50k or less 71 $9,245,000 $130,211 $3,672 3.33%

    Choice Financial Group lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $50k-75k, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 229 $61,605,000 $269,017 $4,716 2.92%
    30-36% 131 $34,035,000 $259,809 $4,857 3.08%
    <20% 91 $25,665,000 $282,033 $4,945 2.90%
    36% 33 $8,365,000 $253,485 $4,553 3.08%
    40% 27 $7,515,000 $278,333 $5,382 2.92%
    41% 27 $6,765,000 $250,556 $4,779 3.13%
    45% 25 $6,635,000 $265,400 $4,939 2.97%
    42% 24 $6,360,000 $265,000 $5,588 3.12%
    38% 23 $6,165,000 $268,043 $5,262 3.19%
    44% 22 $5,270,000 $239,545 $5,045 2.97%
    43% 17 $3,715,000 $218,529 $4,025 3.09%
    49% 17 $3,905,000 $229,706 $5,387 3.04%
    37% 17 $4,305,000 $253,235 $4,481 2.65%
    39% 15 $5,285,000 $352,333 $7,606 3.15%
    46% 15 $5,095,000 $339,667 $6,303 2.92%
    47% 15 $3,605,000 $240,333 $4,683 3.12%
    48% 12 $4,200,000 $350,000 $6,063 3.22%
    50-60% 7 $1,605,000 $229,286 $4,645 4.32%
    >60% 3 $595,000 $198,333 $4,028 4.56%

    Choice Financial Group lent most frequently to those with DTI ratios of 20-30%, with 229 originations. The next most common DTI ratio? 30-36%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 730 $195,360,000 $267,616 $4,958 3.04%
    Not applicable 112 $133,660,000 $1,193,393 $0 4.09%
    Not provided 13 $3,215,000 $247,308 $4,319 3.31%
    Asian 11 $2,785,000 $253,182 $4,736 2.83%
    Black 6 $1,200,000 $200,000 $4,554 3.42%
    American Indian 2 $670,000 $335,000 $10,675 2.81%
    Asian Indian 1 $205,000 $205,000 $3,573 2.75%
    Native Hawaiian or Islander 1 $115,000 $115,000 $3,023 2.25%

    Approval Rates

    Total approvals of all applications
    93.95%

    Choice Financial Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.56%

    Choice Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 876 $337,210,000 $384,943

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 33 $115,575,000 $3,502,273
    Single Family (1-4 Units):Manufactured 6 $680,000 $113,333
    Single Family (1-4 Units):Site-Built 837 $220,955,000 $263,984

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $8,650,000 $216,250 $4,026 3.44%
    40-60% 165 $46,385,000 $281,121 $4,382 2.97%
    60-80% 411 $162,425,000 $395,195 $4,862 3.19%
    80-100% 244 $83,050,000 $340,369 $5,683 3.17%
    Over 100% 4 $34,870,000 $8,717,500 $6,406 3.87%
    Under 20% 12 $1,830,000 $152,500 $1,690 4.51%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Choice Financial Group 101 Second Avenue Nw Medina, ND 58467 Full Service B&M $13,479
    Choice Financial Group 115 Broadway East Steele, ND 58482 Full Service B&M $70,470
    Choice Financial Group 119 Main Street South East Lamoure, ND 58458 Full Service B&M $14,203
    Choice Financial Group 1313 Skyline Boulevard Bismarck, ND 58503 Full Service B&M $11,721
    Choice Financial Group 1697 South 42nd Street Grand Forks, ND 58201 Full Service B&M $194,066
    Choice Financial Group 207 Front Avenue Bismarck, ND 58501 Full Service B&M $229,571
    Choice Financial Group 210 Eighth Avenue Langdon, ND 58249 Full Service B&M $138,613
    Choice Financial Group 210 Sheyenne Street West Fargo, ND 58078 Full Service B&M $67,404
    Choice Financial Group 2100 West County Road C Roseville, MN 55113 Full Service B&M $122,820
    Choice Financial Group 227 North Main Street Belfield, ND 58622 Full Service B&M $77,101
    Choice Financial Group 2640 Eagan Woods Drive Eagan, MN 55121 Full Service B&M $236,407
    Choice Financial Group 323 18th Street West Dickinson, ND 58602 Full Service B&M $90,671
    Choice Financial Group 407 12th St Walhalla, ND 58282 Full Service B&M $57,919
    Choice Financial Group 4470 West 78th Street Circle, Suite 100 Bloomington, MN 55435 Full Service B&M $275,745
    Choice Financial Group 4501 23rd Avenue South Fargo, ND 58104 Full Service B&M $344,452
    Choice Financial Group 4501 South Washington Street, Unit T Grand Forks, ND 58201 Full Service B&M $12,154
    Choice Financial Group 6210 Wayzata Boulevard Golden Valley, MN 55416 Full Service B&M $229,947
    Choice Financial Group 645 Hill Avenue Grafton, ND 58237 Full Service B&M $127,008
    Choice Financial Group 801 Main Avenue, Suite 103 Moorhead, MN 56560 Full Service B&M $18,277
    Choice Financial Group 83 Main Street Ellendale, ND 58436 Full Service B&M $34,558

    For 2020, Choice Financial Group had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $117,312
    Net interest income $102,186
    Total noninterest income $26,940
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $6,254
    Trading account gains and fees $339
    Additional Noninterest Income $20,347
    Pre-tax net operating income $62,671
    Securities gains (or losses, -) $406
    Income before extraordinary items $47,882
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $47,882
    Minority interest net income $0
    Net income $47,882
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $47,561

    Choice Financial Group's gross interest income from loans was $117,312,000.
    Choice Financial Group's net interest income from loans was $102,186,000.
    Choice Financial Group's fee based income from loans was $6,254,000.
    Choice Financial Group's net income from loans was $47,882,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,126
    Provision for credit losses $6,934
    Total noninterest expense $59,521
    Salaries and employee benefits $40,830
    Premises and equipment expense $5,225
    Additional noninterest expense $13,466
    Applicable income taxes $15,195
    Net charge-offs $3,505
    Cash dividends $12,200

    Choice Financial Group's interest expense for loans was $15,126,000.
    Choice Financial Group's payroll and benefits expense were $40,830,000.
    Choice Financial Group's property, plant and equipment expenses $5,225,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,439,018
    Deposits held in domestic offices $2,439,018
    Deposits by Individuals, partnerships, and corporations $2,306,188
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $125,616
    Deposits by Commercial banks and other depository institutions in U.S. $7,214
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,914
    Demand deposits $75,914
    Nontransaction accounts $2,363,104
    Money market deposit accounts (MMDAs) $717,349
    Other savings deposits (excluding MMDAs) $1,282,239
    Total time deposits $363,516
    Total time and savings deposits $2,363,104
    Noninterest-bearing deposits $613,415
    Interest-bearing deposits $1,825,602
    Retail deposits $2,115,503
    IRAs and Keogh plan accounts $19,141
    Brokered deposits $196,019
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,825,624
    Cash & Balances due from depository institutions $322,704
    Interest-bearing balances $282,460
    Total securities $86,922
    Federal funds sold & reverse repurchase $275
    Net loans and leases $2,287,276
    Loan and leases loss allowance $20,240
    Trading account assets $339
    Bank premises and fixed assets $20,260
    Other real estate owned $1,743
    Goodwill and other intangibles $66,886
    All other assets $39,219

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,825,624
    Total Liabilities $2,499,957
    Total deposits $2,439,018
    Interest-bearing deposits $1,825,602
    Deposits held in domestic offices $2,439,018
    % insured (estimated) $48
    Federal funds purchased and repurchase agreements $900
    Trading liabilities $0
    Other borrowed funds $50,000
    Subordinated debt $0
    All other liabilities $10,039

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,287,276
    Loan and leases loss allowance $20,240
    Total loans and leases (domestic) $2,307,516
    All real estate loans $1,156,925
    Real estate loans in domestic offices $1,156,925
    Construction and development loans $128,813
    Residential 1-4 family construction $33,363
    Other construction, all land development and other land $95,450
    Loans secured by nonfarm nonresidential properties $552,413
    Nonfarm nonresidential secured by owner-occupied properties $316,701
    Commercial real estate & other non-farm, non-residential $235,712
    Multifamily residential real estate $83,099
    1-4 family residential loans $168,622
    Farmland loans $223,978
    Loans held in foreign offices $0
    Farm loans $276,294
    Commercial and industrial loans $803,494
    To non-U.S. addressees $0
    Loans to individuals $12,005
    Credit card loans $0
    Related Plans $659
    Consumer Auto Loans $6,145
    Other loans to individuals $5,201
    All other loans & leases $66,969
    Loans to foreign governments and official institutions $0
    Other loans $2,242
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $109,020
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,586
    Non 1-4 family restructured loans & leases $4,586
    Total loans and leases (foreign) $0

    Choice Financial Group had $2,287,276,000 of loans outstanding in 2020. $1,156,925,000 of loans were in real estate loans. $128,813,000 of loans were in development loans. $83,099,000 of loans were in multifamily mortgage loans. $168,622,000 of loans were in 1-4 family mortgage loans. $276,294,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,145,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 549 $150,416 $273,982
    Nonfarm, nonresidential loans - <$100k 95 $3,703 $38,979
    Nonfarm, nonresidential loans - $100-250k 147 $18,185 $123,707
    Nonfarm, nonresidential loans - $250k-1MM 307 $128,528 $418,658
    Commercial & Industrial, US addressed loans - <$1MM 3,706 $344,755 $93,026
    Commercial & Industrial, US addressed loans - <$100k 2,369 $59,623 $25,168
    Commercial & Industrial, US addressed loans - $100-250k 669 $71,688 $107,157
    Commercial & Industrial, US addressed loans - $250k-1MM 668 $213,444 $319,527
    Farmland loans - <$1MM 515 $68,384 $132,784
    Farmland loans - <$100k 161 $6,201 $38,516
    Farmland loans - $100-250k 207 $24,407 $117,908
    Farmland loans - $250k-1MM 147 $37,776 $256,980
    Agriculture operations loans - <$1MM 1,949 $120,436 $61,794
    Agriculture operations loans - <$100k 1,259 $30,058 $23,875
    Agriculture operations loans - $100-250k 430 $39,928 $92,856
    Agriculture operations loans - $250k-1MM 260 $50,450 $194,038