# FOREST COMMERCIAL BANK
ASHEVILLE, NC · FDIC certificate 58693 · asset band <$300M · latest filing 2014-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $157.1M | |
| Deposits | $129.6M | |
| Loans and leases | $124.1M | |
| Total equity | $19.2M | |
| Loans / deposits | 94.48% (p92 of band) | 68.03% |
| Liquid assets / assets | 17.34% (p11 of band) | |
| Uninsured deposits / deposits | 25.36% (p88 of band) | 12.24% |
| Brokered deposits | 7.36% | |
| Wholesale funding | 12.45% (p90 of band) | |
| FHLB advances / assets | 5.09% | |
| Tier 1 leverage | 11.48% (p67 of band) | 10.34% |
| Unrealized securities loss / equity | -0.85% (p39 of band) | -0.15% |
| AOCI / equity | 2.02% (p77 of band) | |
| ROA (annualized) | -0.42% (p6 of band) | 0.74% |
| Net interest margin | 3.37% (p37 of band) | 3.59% |
| Efficiency ratio | 110.14% (p95 of band) | |
| Noncurrent loans | 0.11% (p19 of band) | 0.94% |
| Net charge-offs (annualized) | 0.00% (p42 of band) | |
| Reserve coverage of noncurrent | 1260.74% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 45.69% (p79 of band) | |
| Auto loans | $62,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 15.7% | |
| Employees | 23 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | brokered >10% |  |
| 2011-06 | 2 | wholesale funding >15% |  |
| 2011-09 | 1 |  | wholesale funding >15% |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 2 | reserve under noncurrent | brokered >10% |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 | brokered >10% | capital falling |
| 2013-06 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2013-09 | 1 | capital falling | brokered >10%, wholesale funding >15% |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | losing money, expense ratio p90 | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2014-02-15 [Buy Local, Bank Local - The Asheville Citizen Times](https://news.google.com/rss/articles/CBMikgFBVV95cUxNN056b1RyN0dubVBNcTNrYzRVdzlzR0pINGV5UDFPcXdUdDZhb0I0U2V1MFBzN29LRUpRUFEzTTAwMDVBODNDYVFxSWExNW11VWJXbHB4SUNRTkxBWl81X1BhbTJ5aTRhNWV4WFdaZDRoUjhtRVltRHZMZU1BMG0zTXp1bURqUG9KZENpM21KY2FTUQ?oc=5) · The Asheville Citizen Times
- 2026-08-31 [BNC 125: Vannoy Construction links with Europe’s largest building companies. - Business North Carolina](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOVlJnU21rajlyZDVMcEhxcFRvalhDSHZSV0h3clVHSWtxOU1saW9hUE1temh6MGVsSGFBUDNZX3JjNjlDOVBMOHhUQWJOdllINm5nX1lkLTdJUjMwbUhtVy0zZ1g0bDNkVWV0aXVlU0lEZUlBVnFCeHU4aks4Vk56dTZMV3hqQjNLREp1eGJLQU5tVXZnT0VqRVM2Wi11Q2h3MVNURXhjQkhpZlE?oc=5) · Business North Carolina
- 2013-07-28 [NC father, son convicted of robbing bank - FOX8 WGHP](https://news.google.com/rss/articles/CBMickFVX3lxTFBaaXFUTUdSUE1Ta1ZreVU5VzNCemxYZklLNUcxZGRac3k4NS1WYjFFU09xLVVwRkpJNHpwQ3lBanh4THppeUkyZk5RUUJOT0VsbTN0cWxvY3hwOGdCRGNJUDNQTU1JVmd1bkxRVzg2Y2pSUdIBd0FVX3lxTE5XaS0tMFhDU3BjRTBwYzBOdzZjVGNsbmg4NHZnRnNtTUZ3SXdzYnF2dVZ1MUNEUUt0bkozSlVUSDhjRFhwMUtTSUxIeEg3Q2JHcHd0SEpWNU5IOU9NblhybjA1WjVfci1BNllIMXRwakxOYjJBZG5N?oc=5) · FOX8 WGHP
- 2014-04-12 [Former FBI agent speaks about financial crimes - BlueRidgeNow.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxOV21mZGdrMnk3cy1KbjRGM041YWxpRHhNZmRSc0N6MUstbzhWN1kxMTlWU1dLRmliM3ZWSEVhajJGVUdSMmtRR2tnLWJUbE9xQWxTaEIzSkRyeG5fcUVrTmRNV1VpTjhFYXQ3VnkwRElHWmkzRkRzbTBVd0dFbkw1ejhOWGE4VUNGT3hVNU1Tdi1qNTNneHZGSXE5UFZXMVdRVWYzcnZyU0d3MEdZR0NN?oc=5) · BlueRidgeNow.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58693 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/5.json (key "58693", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide