Overview / Commentary
859-244-1961
2404 Sir Barton Way
Lexington, KY 40509

Forcht Bank is headquartered in Lexington and is the 11th largest bank in the state of Kentucky. It is also the 729th largest bank in the nation. It was established in 2002 and as of March of 2018, it had grown to 294 employees at 26 locations. Forcht Bank has an A health rating.

Reviews (1)

Checking Account Disaster

When signing up for a checking account with Forcht Bank, I was NOT told there was a minimum for the amount that could remain in the account. I was told in the beginning it took $200 to start up the account so I happily placed my hard earned money into the account to get a local bank account set up. Within a month which was before starting my new job (which would be direct deposit) I started noticing $6 coming out of my account each week. I had used my new bank card for gas and the account had $150 before the fees starting coming out. I had no way of putting money back in there until my first paycheck and before I knew it, my account was down to below $100 and I barely had enough money to fill up my tank to get to work. I called the bank, they explained this should have been told with the type of account I had and they could put me in a "free" account if I wanted to do so. By this point, I had lost too much money and pulled the funds out. The next month I received an "overdraft" notice of $6 and $30 (fee) because the lady I spoke with did not close the account like she was supposed to. Needless to say I finally got it figured out but I was not a happy camper.



Health

Health Grade Components

Overall
FDIC Certificate #57415
Year Established2002
Employees294
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.66%
Annual Interest Income$9.6MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.05B$1.03B
LoansQ1 2018vs Q1 2017$581.9MM$569.2MM
DepositsQ1 2018vs Q1 2017$872.5MM$853.6MM
Equity CapitalQ1 2018vs Q1 2017$131.3MM$131.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$8.9MM$8.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$3.2MM$3.4MM
Real Estate OwnedQ1 2018vs Q1 2017$524.00K$324.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Forcht Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Forcht Friend Savings
OTHER TIERS: 0.05% Up to $10k
0.05%--Simple Savings

Forcht Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Performance Money Market
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $100k

Forcht Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Forcht Friend Checking
0.05%--55 Advantage Checking
Locations

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