Forest Commercial Bank

Headquarters

1127 Hendersonville Road
Asheville, NC 28803
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Forest Commercial Bank is an FDIC insured institution located in Asheville, NC. It was founded in 2008 and has approximately $0.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58693
Date Established 2008
Assets $ 157.12 million
Loans $ 122.41 million
Deposits $ 129.56 million
Capital $ 19.15 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Forest Commercial Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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4.000 %
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Note to Forest Commercial Bank
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Branches

Forest Commercial Bank 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:
Fairfield,Connecticut


Forest Commercial Bank Locations


Financial Details

Forest Commercial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Forest Commercial Bank. 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
Forest Commercial Bank U.S. Bank Average
6.62% 6.94%

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 March 31, 2020, Forest Commercial Bank had $135,000 in non-current loans and $1,245,000 in owned real estate. To cover these potential losses it had $19,154,000 in equity and $1,702,000 in loans loss reserves. That gives it a Texas Ratio of 6.62%.

Return on Equity
Forest Commercial Bank U.S. Bank Average
-3.65% 7.80%

Forest Commercial Bank has a Return on Equity of -3.65% versus the BestCashCow average of 7.80%. 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
Forest Commercial Bank U.S. Bank Average
12.19% 12.68%

Forest Commercial Bank has a Capitalization of 12.19% versus the BestCashCow average of 12.68. 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.

Forest Commercial Bank Balance Sheet Analysis

As of March 31, 2014, Forest Commercial Bank had assets of $157,120,000, loans of $122,407,000, and deposits of $129,557,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 122.41 million
Loan loss allowance $ 1.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.25 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 129.56 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 157.12 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in North Carolina, Forest Commercial Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 20.61
Multifamily
Mortgages
1.81
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 32.72
Construction and Development Loans 7.15
Commercial Real Estate 55.55
Commercial and Industrial Loans 7.21
Farm Loans 0.00

Frequently Asked Questions About Forest Commercial Bank

Branches and Savings

Is Forest Commercial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58693.

Why does Forest Commercial Bank pay such low interest on savings accounts?

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

Why are Forest Commercial Bank CD rates not competitive?

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

Is Forest Commercial Bank a commercial bank?

Yes

Where are Forest Commercial Bank locations?

See branch locations nearby.

Is Forest Commercial Bank open on Saturdays?

Is Forest Commercial Bank open on Sundays?

What time does Forest Commercial Bank open?

What time does Forest Commercial Bank close?

Are Forest Commercial Bank ATMs Open 24/7?

Do Forest Commercial Bank ATMs accept cash deposits?

Can Forest Commercial Bank customers use other ATMs?

Do Forest Commercial Bank branches have notaries?

Will Forest Commercial Bank notarize my document?

What address for Forest Commercial Bank should I put for incoming ACH transfers?

Will the Forest Commercial Bank branch print checks?

Do Forest Commercial Bank checks expire?

Does Forest Commercial Bank require US citizenship to open account?

Can Forest Commercial Bank close my account?

Does Forest Commercial Bank Report to credit bureaus?

Does Forest Commercial Bank Use Equifax?

What is Forest Commercial Bank's ACH Routing Number?

What is Forest Commercial Bank's SWIFT code?

Products

Does Forest Commercial Bank offer mortgages?

Compare mortgage rates here.

Does Forest Commercial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Forest Commercial Bank offer personal loans?

Compare personal loan rates here.

Does Forest Commercial Bank offer student loans?

Will Forest Commercial Bank cash a check?

Will Forest Commercial Bank redeem a savings bond?

Does Forest Commercial Bank cash savings bonds?

Will Forest Commercial Bank cash money orders?

Can Forest Commercial Bank issue a money order?

Does Forest Commercial Bank do currency exchange?

Background on The Bank

Who owns Forest Commercial Bank?

How long has Forest Commercial Bank been around?

Can Forest Commercial Bank transfer to other banks?

Does Forest Commercial Bank have quick pay?

Does Forest Commercial Bank accept rolled coins?

Will Forest Commercial Bank accept loose change?

Where is Forest Commercial Bank headquarters?

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