Forbright Bank


Overview / Commentary
301-299-8810
4445 Willard Ave, Suite 1000
Chevy Chase, MD 20815

Forbright Bank is headquartered in Potomac and is the 3rd largest bank in the state of Maryland. It is also the 222nd largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 360 employees at 6 locations. Forbright Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57614
Year Established2003
Employees360
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD11.86%
Annual Interest Income$135.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$6.44B$2.46B
LoansQ2 2022vs Q2 2021$4.53B$1.93B
DepositsQ2 2022vs Q2 2021$5.66B$1.73B
Equity CapitalQ2 2022vs Q2 2021$637.1MM$451.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$37.9MM$17.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$46.1MM$38.1MM
Real Estate OwnedQ2 2022vs Q2 2021$279.00K$0
Rates

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Locations


Forbright Bank Locations
Herndon Branch150 Elden Street Suite 170Herndon, VA 20170
Congressional Bank7963 Tuckerman LnPotomac, MD 20854
Montgomery Lane Branch4801-A Montgomery LaneBethesda, MD 20814
American Bank Branch1700 Rockville PikeRockville, MD 20852

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