The Bank of Forest

211 West Third Street
Forest, MS 39074

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 898
Date Established 1900
Assets $0.20 billion
Loans $0.11 billion
Deposits $0.17 billion
Capital $0.03 billion

The Bank of Forest is an FDIC insured institution located in Forest, MS. It was founded in 1900 and has approximately $0.2 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of The Bank of Forest'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 The Bank of Forest’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Mississippi, The Bank of Forest has a significantly higher percent of Construction and Development 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.21
Multifamily
Mortgages
0.46
Credit Card Loans 0.29
Consumer Auto Loans 2.55
Small Business Loans 18.53
Construction and Development Loans 17.13
Commercial Real Estate 31.91
Commercial and Industrial Loans 8.48
Farm Loans 2.15

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $500 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $19,999 Learn MoreShow Less
Money Market
0.25% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $2,500 - Learn MoreShow Less
6 Mo CD
0.50% $2,500 - Learn MoreShow Less
12 Mo CD
1.00% $500 - Learn MoreShow Less
18 Mo CD
1.10% $500 - Learn MoreShow Less
24 Mo CD
1.35% $500 - Learn MoreShow Less
30 Mo CD
1.40% $500 - Learn MoreShow Less
36 Mo CD
1.75% $500 - Learn MoreShow Less
48 Mo CD
2.00% $500 - Learn MoreShow Less
60 Mo CD
2.25% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $4,999 Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Bank of Forest

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to The Bank of Forest
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Branches

The Bank of Forest 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


The Bank of Forest Locations


Financial Details

The Bank of Forest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Forest. 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
The Bank of Forest U.S. Bank Average
3.31% 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, The Bank of Forest had $873,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,164,000 in equity and $1,172,000 in loans loss reserves. That gives it a Texas Ratio of 3.31%.

Return on Equity
The Bank of Forest U.S. Bank Average
9.62% 8.80%

The Bank of Forest has a Return on Equity of 9.62% 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
The Bank of Forest U.S. Bank Average
12.86% 12.29%

The Bank of Forest has a Capitalization of 12.86% 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.

The Bank of Forest Balance Sheet Analysis

As of December 31, 2018, The Bank of Forest had assets of $195,698,000, loans of $113,559,000, and deposits of $168,853,000. 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 $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.11 billion
Loan loss allowance $0.00 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 $0.00 billion
All other assets $0.01 billion
     Total Assets $0.17 billion
LIABILITIES
Total deposits $0.17 billion
      Interest-bearing deposits $0.14 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 84.12%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.17 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

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

Frequently Asked Questions About The Bank Of Forest

Branches and Savings

Is The Bank Of Forest FDIC insured?

Yes. It is covered under FDIC Certificate #898.

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

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

Why are The Bank Of Forest CD rates not competitive?

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

Is The Bank Of Forest a commercial bank?

Yes

Where are The Bank Of Forest locations?

See branch locations nearby.

Is The Bank Of Forest open on Saturdays?

Is The Bank Of Forest open on Sundays?

What time does The Bank Of Forest open?

What time does The Bank Of Forest close?

Are The Bank Of Forest ATMs Open 24/7?

Do The Bank Of Forest ATMs accept cash deposits?

Can The Bank Of Forest customers use other ATMs?

Do The Bank Of Forest branches have notaries?

Will The Bank Of Forest notarize my document?

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

Will the The Bank Of Forest branch print checks?

Do The Bank Of Forest checks expire?

Does The Bank Of Forest require US citizenship to open account?

Can The Bank Of Forest close my account?

Does The Bank Of Forest Report to credit bureaus?

Does The Bank Of Forest Use Equifax?

What is The Bank Of Forest's ACH Routing Number?

What is The Bank Of Forest's SWIFT code?

Products

Does The Bank Of Forest offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Bank Of Forest offer personal loans?

Compare personal loan rates here.

Does The Bank Of Forest offer student loans?

Will The Bank Of Forest cash a check?

Will The Bank Of Forest redeem a savings bond?

Does The Bank Of Forest cash savings bonds?

Will The Bank Of Forest cash money orders?

Can The Bank Of Forest issue a money order?

Does The Bank Of Forest do currency exchange?

Background on The Bank

Who owns The Bank Of Forest?

How long has The Bank Of Forest been around?

Can The Bank Of Forest transfer to other banks?

Does The Bank Of Forest have quick pay?

Does The Bank Of Forest accept rolled coins?

Will The Bank Of Forest accept loose change?

Where is The Bank Of Forest headquarters?

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