Forest Commercial Bank

One North Pack Square, Suite 301
Asheville, NC 28801
828-255-5711
www.forestcommercialbank.com

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Forest Commercial Bank is headquartered in Asheville and is the 71^st largest bank in the state of North Carolina. It is also the 4,366^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 24 employees at 2 locations. Forest Commercial Bank's savings rates are 73% higher than the national average, and it boasts a 5-star health rating.

Forest Commercial Bank Routing Number: 053112796

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See Rates for: Checking | Savings | Money Market | CD | IRA

Forest Commercial Bank Checking Account Rates

Apy	Min	Max	Product
0.75%	$1k	-	Interest on Lawyer Trust Account (IOLTA)
0.15%	$1k	-	Founders Checking Account
0.10%	$1k	-	Partners Checking Account
0.05%	$1k	-	Business Interest Checking Account
0.05%	$1k	-	Affiliate Checking Account

Forest Commercial Bank Savings Account Rates

Apy	Min	Max	Product
0.90%	$5k	-	Performance Savings Account
0.25%	$100	-	Health Savings Account
0.20%	$1k	-	IRA Savings Account
0.20%	$1k	-	Roth IRA Savings Account
0.20%	$1k	-	SEP IRA Savings Account
0.20%	$1k	-	Coverdell Education Savings Account
0.05%	$1k	-	Public Fund Account

Forest Commercial Bank Money Market Rates

Apy	Min	Max	Product
0.75%	$100k	-	Founders Commercial Signature Money Market Account
0.75%	$100k	-	Founders Personal Signature Money Market Account
0.70%	$100k	-	Commercial Signature Money Market Account
0.70%	$100k	-	Personal Signature Money Market Account
0.50%	$100k	-	Public Fund Commercial Signature Money Market Account

Forest Commercial Bank CD Rates

Apy	Min	Max	Product
1.77%	$10k	-	60 Month CD
1.61%	$10k	-	48 Month CD
1.26%	$10k	-	36 Month CD
1.16%	$10k	-	30 Month CD
1.06%	$10k	-	24 Month CD
0.70%	$10k	-	18 Month CD
0.60%	$10k	-	12 Month CD
0.45%	$10k	-	9 Month CD
0.35%	$10k	-	6 Month CD
0.25%	$10k	-	3 Month CD
0.20%	$10k	-	1 Month CD

Forest Commercial Bank IRA Rates

Apy	Min	Max	Product
1.77%	$1k	-	60 Month IRA
1.77%	$1k	-	60 Month Roth IRA
1.77%	$1k	-	60 Month SEP IRA
1.77%	$1k	-	60 Month Coverdell ESA
1.61%	$1k	-	48 Month IRA
1.61%	$1k	-	48 Month Roth IRA
1.61%	$1k	-	48 Month SEP IRA
1.61%	$1k	-	48 Month Coverdell ESA
1.26%	$1k	-	36 Month IRA
1.26%	$1k	-	36 Month Roth IRA
1.26%	$1k	-	36 Month SEP IRA
1.26%	$1k	-	36 Month Coverdell ESA
1.16%	$1k	-	30 Month IRA
1.16%	$1k	-	30 Month Roth IRA
1.16%	$1k	-	30 Month SEP IRA
1.16%	$1k	-	30 Month Coverdell ESA
1.06%	$1k	-	24 Month IRA
1.06%	$1k	-	24 Month Roth IRA
1.06%	$1k	-	24 Month SEP IRA
1.06%	$1k	-	24 Month Coverdell ESA
0.70%	$1k	-	18 Month IRA
0.70%	$1k	-	18 Month Roth IRA
0.70%	$1k	-	18 Month SEP IRA
0.70%	$1k	-	18 Month Coverdell ESA
0.60%	$1k	-	12 Month IRA
0.60%	$1k	-	12 Month Roth IRA
0.60%	$1k	-	12 Month SEP IRA
0.60%	$1k	-	12 Month Coverdell ESA
0.45%	$1k	-	9 Month IRA
0.45%	$1k	-	9 Month Roth IRA
0.45%	$1k	-	9 Month SEP IRA
0.45%	$1k	-	9 Month Coverdell ESA
0.35%	$1k	-	6 Month IRA
0.35%	$1k	-	6 Month Roth IRA
0.35%	$1k	-	6 Month SEP IRA
0.35%	$1k	-	6 Month Coverdell ESA
0.25%	$1k	-	3 Month IRA
0.25%	$1k	-	3 Month Roth IRA
0.25%	$1k	-	3 Month SEP IRA
0.25%	$1k	-	3 Month Coverdell ESA
0.20%	$1k	-	1 Month IRA
0.20%	$1k	-	1 Month Roth IRA
0.20%	$1k	-	1 Month SEP IRA
0.20%	$1k	-	1 Month Coverdell ESA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Forest Commercial Bank
FDIC Certificate #	58693
BankRate Report	View
Year Established	2008
Employees	24
Primary Regulator	FDIC
Assets and Liabilities
Assets	$124.22 million
Loans	$95.92 million
Deposits	$103.58 million
Equity Capital	$18.41 million
Loan Loss Allowance	$1.41 million
Unbacked Noncurrent Loans	$45,000
Historic Data - March 2011
Assets	$108.20 million
Equity Capital	$17.68 million
Loan Loss Allowance	$1.10 million
Profit Margin - Quarterly
Net Interest Margin	3.96%
Return on Assets	0.08%
Return on Equity	0.54%
Interest Income	$1.44 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Forest Commercial Bank had $45,000 in non-current loans and owned real-estate with $19.82 million in equity and loan loss allowances on hand to cover it. This gives Forest Commercial Bank a Texas Ratio of 0.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth
In the past year, Forest Commercial Bank has increased its total deposits by $17.01 million, resulting in 19.65% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Forest Commercial Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Forest Commercial Bank has $124.22 million in assets with $19.82 million in equity, resulting in a capitalization level of 15.95%, which is excellent.

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