This institution is no longer active

Operations ceased on April 1, 2008. CRA examination history below reflects the period it was active.

CHOICE BANK

SCOTTSDALE, AZ · Supervised by FDIC

Est. 2003FDIC #57,469RSSD: FDIC-57469

Part ofSILVER STATE BCORP→ View all charters

Satisfactory

Current rating · Exam: March 2005

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.56%

Is this bank safe?

CHOICE BANK holds a Satisfactory CRA rating (2005), shows financial metrics that merit closer review (ROA -0.56%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

15190 North Hayden Road, SCOTTSDALE, AZ

County

Maricopa County

Established

January 21, 2003

Total Assets

$288M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

March 1, 2005

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 21 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2008Call Report / FDIC

Total Assets

$288M

Total Deposits

$211M

Net Loans

$226M

Net Income

$-385K

ROA

-0.56%

Below avg for Small banks. Peer avg: 0.44%

ROE

-3.89%

Risk-Based Capital

10.36%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-0.56%Peer avg: 0.44%▼ Below avg

Risk-Based Capital10.36%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate3.46%Peer avg: 6.90%▼ Fewer than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2019	376	91.76%	3.46%
2018	457	89.28%	4.38%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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