Bank of Forest
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Data as of · sourced from FFIEC call reports. How we update
Bank of Forest is an FDIC-insured commercial bank headquartered in Forest, MS, established in 1900 (FDIC certificate 898), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $296.3M, up 11.7% from Q2 2025, the 41st largest of 57 banks headquartered in Mississippi. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.91% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 898
- Headquarters
- Forest, MS
- Established
- 1900
- Total assets, Q2 2026
- $296.3M
- Assets vs Q2 2025
- +11.7%
- Tier 1 leverage ratio, Q2 2026
- 10.91%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 065302183
- Latest call report
- Q2 2026, FFIEC 041 · Bank of Forest call report
- Holding company
- FIRST FOREST CORPORATION
- Asset rank in state
- 41st of 57 in Mississippi
Problem loans are rising at Bank of Forest. It reported $296 million in assets at June 30, 2026, up 11.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.30% of loans from 0.74% a year earlier. It grew deposits 13.9% over the year, 3.4 times the median of 4.0% for the 2,660 banks with $100 million to $1 billion in assets. It also returns 17.9% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.5%).
Earnings jumped: net income for the quarter was $1.1 million, 41% above the same quarter a year earlier. Over the same year, loans grew 4.5% and deposits grew 13.9%. Credit is the area to watch: it carries problem assets equal to 8.0% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Bank of Forest reported a return on assets of 1.54%, a nonperforming-loan ratio of 1.30% and a Texas ratio of 7.98%. The figures come from its call report filed with the FFIEC.
Bank of Forest ranks as the 41st largest of the 57 banks based in Mississippi, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.6% to $296.3M, loans fell 2.4% and deposits fell 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 26.6% of total loans, ahead of non-owner-occupied commercial real estate loans at 15.8%. The FDIC Summary of Deposits lists 3 offices for it, in Forest, MS, Walnut Grove, MS and Flowood, MS; its Forest office books 78% of its branch deposits. Judged on its Q2 2026 call report, Bank of Forest meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 211 W Third St, Forest, MS 39074
- County
- Scott
- Metro Area
- Jackson, MS
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- March 27, 1900
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 53
- Domestic deposits
- $269.0M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $31K
- Average total assets
- $298.0M
- Average total loans
- $169.6M
- Average interest-bearing deposits
- $202.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 898
- Fed RSSD
- 642437
- Website
- www.bkforest.com →
- Parent Holding Company
- FIRST FOREST CORPORATION (RSSD 1085518)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Bank of Forest reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bank of Forest's total assets ran between $244.9M (Q3 2023) and $298.1M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$296.3M total assets against $265.2M; $270.6M total liabilities against $243.8M.
$164.4M net loans and leases against $157.4M; $269.0M total deposits against $236.2M.
$93.4M securities against $78.6M; $22.0M cash and balances due against $13.5M.
$3.9M total interest income against $3.5M; $1.3M total interest expense against $1.2M.
$2.6M net interest income against $2.3M.
$466K total noninterest income against $439K; $1.9M total noninterest expense against $1.7M.
$80K provision for credit losses against $45K.
$1.1M net income against $810K.
1.54% return on assets against 1.22%; 3.76% net interest margin against 3.69%.
10.91% tier 1 leverage ratio against 11.52%.
Inside the full Bank of Forest terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBank of Forest rankings
Its closest position to the top of a national ranking is 838 of 3,640, for Texas Ratio; its furthest is 2,479 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.38% (Q1 2025) to 1.54% (Q2 2026) and its net interest margin ran from 3.02% (Q4 2024) to 3.90% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.91% | 1.54% | 1.30% | 7.98% | 3.76% |
| Q1 2026 | 10.93% | 1.22% | 1.36% | 8.62% | 3.57% |
| Q4 2025 | 11.45% | 1.22% | 1.58% | 10.08% | 3.90% |
| Q3 2025 | 11.71% | 1.28% | 1.56% | 9.90% | 3.75% |
| Q2 2025 | 11.52% | 1.22% | 0.74% | 5.21% | 3.69% |
| Q1 2025 | 11.61% | 0.38% | 0.59% | 4.07% | 3.18% |
| Q4 2024 | 11.60% | 0.43% | 0.68% | 4.76% | 3.02% |
| Q3 2024 | 11.77% | 1.00% | 0.60% | 3.65% | 3.46% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Bank of Forest | Forest , MS | 39074 | $210.6M |
| Bank of Walnut Grove Branch | Walnut Grove , MS | 39189 | $47.7M |
| Flowood Branch | Flowood , MS | 39232 | $10.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2017 | Structure Change | Acquired Bank of Walnut Grove Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 29, 1990 | Structure Change | Acquired Central SVG BK Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 28, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 1 against individuals associated with it
- June 17, 1992, Federal Reserve: Written Agreement: Bank of Forest, Forest, MS
- Period: Most recent institution action June 17, 1992. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in MS, rank 47 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $325K approved, $163K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2007 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bank of Forest
What are Bank of Forest's total assets?
As of the Q2 2026 filing, Bank of Forest reported total assets of $296.3 million in its FFIEC call report.
Where is Bank of Forest headquartered?
It is headquartered in Forest, MS, United States.
When was Bank of Forest founded?
It was established in 1900, per the FDIC institution directory.
Is Bank of Forest FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #898). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank of Forest?
Bank of Forest's primary federal regulator is the FDIC.
How many branches does Bank of Forest operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank of Forest's Texas Ratio?
Its Texas Ratio is 7.98% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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