Forcht Bank, National Association

2404 Sir Barton Way
Lexington, KY 40509

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57415
Date Established 2002
Assets $1.24 billion
Loans $0.79 billion
Deposits $0.93 billion
Capital $0.15 billion

Forcht Bank, National Association is an FDIC insured institution located in Lexington, KY. It was founded in 2002 and has approximately $1.24 billion in assets. Customers can open an account at one of its 30 branches.

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

Bank Loan Profile?

The top three loan types in Forcht Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kentucky, Forcht Bank, National Association has a significantly higher percent of Multifamily Mortgages 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 46.85
Multifamily
Mortgages
6.66
Credit Card Loans 0.21
Consumer Auto Loans 0.69
Small Business Loans 11.23
Construction and Development Loans 4.63
Commercial Real Estate 30.71
Commercial and Industrial Loans 5.79
Farm Loans 0.18

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn MoreShow Less
6 Mo CD
0.30% $500 - Learn MoreShow Less
12 Mo CD
0.50% $500 - Learn MoreShow Less
18 Mo CD
0.65% $500 - Learn MoreShow Less
24 Mo CD
1.51% $500 - Learn MoreShow Less
30 Mo CD
2.01% $500 - Learn MoreShow Less
36 Mo CD
2.26% $500 - Learn MoreShow Less
48 Mo CD
2.52% $500 - Learn MoreShow Less
60 Mo CD
2.77% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 5.07% 4.25% $463.24
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

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

Your Location:
Ashburn,Virginia


Forcht Bank, National Association Locations


Financial Details

Forcht Bank, National Association Ratio Analysis

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

Texas Ratio
Forcht Bank, National Association U.S. Bank Average
2.31% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Forcht Bank, National Association had $3,150,000 in non-current loans and $505,000 in owned real estate. To cover these potential losses it had $149,334,000 in equity and $8,573,000 in loans loss reserves. That gives it a Texas Ratio of 2.31%.

Return on Equity
Forcht Bank, National Association U.S. Bank Average
5.13% 8.80%

Forcht Bank, National Association has a Return on Equity of 5.13% versus the BestCashCow average of 8.80%. 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.

Capitalization
Forcht Bank, National Association U.S. Bank Average
12.04% 12.29%

Forcht Bank, National Association has a Capitalization of 12.04% versus the BestCashCow average of 12.29. 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.

Forcht Bank, National Association Balance Sheet Analysis

As of December 31, 2018, Forcht Bank, National Association had assets of $1,240,722,000, loans of $793,124,000, and deposits of $929,878,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.02 billion
Total securities $0.30 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.79 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.04 billion
All other assets $0.03 billion
     Total Assets $1.09 billion
LIABILITIES
Total deposits $0.93 billion
      Interest-bearing deposits $0.76 billion
      Deposits held in domestic offices $0.93 billion
      % insured (estimated) 87.17%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.15 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $1.09 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.00 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Forcht Bank, National Association

Branches and Savings

Is Forcht Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #57415.

Why does Forcht Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Forcht Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Forcht Bank, National Association a commercial bank?

Yes

Where are Forcht Bank, National Association locations?

See branch locations nearby.

Is Forcht Bank, National Association open on Saturdays?

Is Forcht Bank, National Association open on Sundays?

What time does Forcht Bank, National Association open?

What time does Forcht Bank, National Association close?

Are Forcht Bank, National Association ATMs Open 24/7?

Do Forcht Bank, National Association ATMs accept cash deposits?

Can Forcht Bank, National Association customers use other ATMs?

Do Forcht Bank, National Association branches have notaries?

Will Forcht Bank, National Association notarize my document?

What address for Forcht Bank, National Association should I put for incoming ACH transfers?

Will the Forcht Bank, National Association branch print checks?

Do Forcht Bank, National Association checks expire?

Does Forcht Bank, National Association require US citizenship to open account?

Can Forcht Bank, National Association close my account?

Does Forcht Bank, National Association Report to credit bureaus?

Does Forcht Bank, National Association Use Equifax?

What is Forcht Bank, National Association's ACH Routing Number?

What is Forcht Bank, National Association's SWIFT code?

Products

Does Forcht Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Forcht Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Forcht Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Forcht Bank, National Association offer student loans?

Will Forcht Bank, National Association cash a check?

Will Forcht Bank, National Association redeem a savings bond?

Does Forcht Bank, National Association cash savings bonds?

Will Forcht Bank, National Association cash money orders?

Can Forcht Bank, National Association issue a money order?

Does Forcht Bank, National Association do currency exchange?

Background on The Bank

Who owns Forcht Bank, National Association?

How long has Forcht Bank, National Association been around?

Can Forcht Bank, National Association transfer to other banks?

Does Forcht Bank, National Association have quick pay?

Does Forcht Bank, National Association accept rolled coins?

Will Forcht Bank, National Association accept loose change?

Where is Forcht Bank, National Association headquarters?

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