Forbright Bank

logo for Forbright Bank

7963 Tuckerman Ln
Potomac, MD 20854
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD 5.65% 5.77% →
2-Year CD 3.00% 5.30% →
5-Year CD 3.00% 4.90% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

Forbright Bank is an FDIC insured institution located in Potomac, MD. It was founded in 2003 and has approximately $6.61 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 57614
Date Established 2003
Assets $ 6.61 billion
Loans $ 4.57 billion
Deposits $ 5.69 billion
Capital $ 711.78 million

For a more detailed analysis of Forbright Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 9, 2023

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
4.25% $2,500 - Learn More
6 Month CD
3.00% $1,000 - Learn More
9-Month CD
5.75% $1,000 - Learn More
12 Month CD
5.65% $1,000 - Learn More
18 Month CD
3.00% $1,000 - Learn More
24 Month CD
3.00% $1,000 - Learn More
36 Month CD
3.00% $1,000 - Learn More
48 Month CD
3.00% $1,000 - Learn More
60 Month CD
3.00% $1,000 - Learn More

Bank Offers

Forbright Bank raises 1-year CD rate to 5.65% APY
Sep 5, 2023

Forbright raised its 1-year CD rate from 5.50% to 5.65% this morning.

Compare all 1-year CD rates here.


Forbright Bank introduces a 9-Month CD @ 5.75% APY
Oct 18, 2023

Forbright Bank has introduced a 9-month CD at 5.75% APY.

The bank continues to offer a 1-year CD at 5.65% APY.

Both of these products are very compelling for anyone seeking to lock in rates for the short-term and to invest in a bank that is pursuing a carbon-free future.



Loan Rates - December 9, 2023

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Forbright Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2023

Lender APR Rate (%) Monthly
Learn More
PenFed Credit Union
NMLS ID: 401822
6.415% 6.250%
0.75 points
$5,600 fees
$1,971 Learn More
NMLS ID: 1907
7.181% 6.990%
1.00 points
$6,202 fees
$2,127 Learn More
NMLS ID: Not a Lender

Learn More
Neighbors Bank
NMLS ID: 491986

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More

Note to Forbright Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Forbright Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Forbright Bank Locations

Climate Initiatives

Forbright is a full-service bank and lender taking action to decarbonize the economy. We recognize that the need to build a more resilient and low-carbon economy is growing increasingly urgent.

  • We are proactively dedicating capital to the sustainable businesses and clean energy projects driving progress.
  • Today, we finance millions in residential solar loans, wind turbine repairs, and electrifying the nation's largest school bus company. Each project we finance is vetted according to our rigorous Responsible Investing Policy to ensure it is both aligned with our values and financially viable.
  • We believe our approach reduces credit risk, presents enhanced lending opportunities, and prioritizes the markets of the future, serving the interest of all our stakeholders - our investors, customers, partners, employees, and communities.
  • During 2022, we released our inaugural Green Bond Impact Report that demonstrated how proceeds of a $125 million Green Bond resulted in nearly 12,000 metric tons of estimated annual GHG emissions avoided.
  • Forbright is carbon neutral in its operational footprint and provides incentives to its team members for environmentally responsible activities.

Forbright's complete sustainability report is available here:

Updated November 3, 2023

BestCashCow has labeled Forbright Bank a sustainable bank based on the bank's focus on financing projects in the wind, water, solar and energy storage areas that lessen our dependence on fossil fuels. Read about Forbright's climate initiatives.

Financial Details

Forbright Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Forbright Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Forbright Bank U.S. Bank Average
14.29% 3.82%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2023, Forbright Bank had $114,229,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $711,780,000 in equity and $87,739,000 in loans loss reserves. That gives it a Texas Ratio of 14.29%.

Return on Equity
Forbright Bank U.S. Bank Average
10.97% 13.18%

Forbright Bank has a Return on Equity of 10.97% versus the BestCashCow average of 13.18%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Forbright Bank U.S. Bank Average
10.76% 10.43%

Forbright Bank has a Capitalization of 10.76% versus the BestCashCow average of 10.43. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Forbright Bank Balance Sheet Analysis

As of June 30, 2023, Forbright Bank had assets of $6,612,085,000, loans of $4,574,001,000, and deposits of $5,694,472,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2023
Cash & Balances due from depository institutions $ 961.77 million
Interest-bearing balances $ 916.87 million
Total securities $ 884.40 million
Federal funds sold and reverse repurchase $ 0.12 million
Net loans and leases $ 4.57 billion
Loan loss allowance $ 87.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 35.09 million
All other assets $ 88.27 million
     Total Assets $ 5.90 billion
Total deposits $ 5.69 billion
      Interest-bearing deposits $ 5.32 billion
      Deposits held in domestic offices $ 5.69 billion
      % insured (estimated) 89.95%
Federal funds purchased and repurchase agreements $ 95.00 million
Trading liabilities N.A.
Other borrowed funds $ 82.16 million
Subordinated debt N.A.
All other liabilities $ 58.52 million
      Total Liabilities $ 5.90 billion
      Shareholders’ Equity $ 711.78 million

Summary Income Statement

June 30, 2023
Total Interest Income $ 269.24 million
Total Interest Expense $ 112.15 million
Net interest income $ 157.09 million
Provision for loan and lease losses $ 18.57 million
Total non interest income $ 18.19 million
Total non interest expense $ 105.05 million
Pre-tax Net Operating Income $ 49.05 million

Bank Loan Profile?

The top three loan types in Forbright Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Maryland, Forbright Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 2.48
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.21
Construction and Development Loans 6.11
Commercial Real Estate 27.04
Commercial and Industrial Loans 26.44
Farm Loans 0.00

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*Should any logos, images or public notes appear on this page,they do so courtesy of Forbright Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.