It is the 'Pick Line' function which makes your VI so slow. I attach a modified version of your VI, where the large multi-line sting read from the *.txt file is converted to an array of lines first. This array then controls a FOR loop (which replaces your while loop). The VI "statistic tester report11.vi" runs in less than a second.
First I hadn't thought about the 'Pick Line' function and therefore had tried to simplify your source code in order to make the VI faster. You may want to have a look at that attempt, too, since it does the same job, but the source code is a factor of 8 smaller. It is "statistic tester report10.vi".
-Franz