Fort Worth National Bank in Fort Worth, Texas (TX)



Show street view No street view available for this location
Table of contents:
Fort Worth National Bank
GeneralFDIC Certificate #: 34990
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Southside Bank (#18297)
Federal Reserve ID: 2736349
Date Established: April 12, 1999
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 73812
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: April 12, 1999
Last Structure Change Effective Date: September 29, 2008
Last Structure Change Process Date: October 01, 2008
Last Data Update: October 01, 2008
Data Source Date: April 05, 2012
LocationAddress: 701 West Magnolia, Fort Worth, TX 76104
County: Tarrant
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
Financial SummaryTotal assets: $165.6 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)29
Total assets$156,098
Cash and due from depository institutions$4,409
Interest-bearing balances$794
Securities$13,619
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$105,992
Loan loss allowance $1,048
Trading account assets$0
Bank premises and fixed assets$5,262
Other real estate owned$0
Goodwill and other intangibles$21,379
All other assets$5,437
Life insurance assets$3,383
Total liabilities and capital$156,098
Total liabilities$118,988
Total deposits$110,935
Interest-bearing deposits$88,175
Deposits held in domestic offices$110,935
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $7,023
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,030
Total equity capital$37,110
Total bank equity capital$37,110
Perpetual preferred stock$37,110
Common stock$0
Surplus$3,528
Undivided profits $33,428
Memoranda
Noncurrent loans and leases $154
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $19,834
Income earned, not collected on loans $0
Earning assets $44
Long-term assets (5+ years) $0
Average Assets, year-to-date $561
Average Assets, quarterly $120,405
Volatile liabilities $11,646
Insider loans $132,931
FHLB advances $140,399
Loans and leases held for sale $43,150
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $19,834
Restructured Loans and leases $22
Derivatives$1,048
Back to page top, Back to table top

Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $2,285
Total interest expense $981
Net interest income $1,304
Provision for loan and lease losses $152
Total noninterest income $149
Fiduciary activities $0
Service charges on deposit accounts $93
Trading account gains & fees $0
Additional noninterest income $56
Total noninterest expense $1,058
Salaries and employee benefits $576
Premises and equipment expense $119
Additional noninterest expense $363
Pre-tax net operating income $243
Securities gains (losses) $0
Applicable income taxes $123
Income before extraordinary items $120
Extraordinary gains - net $0
Net income attributable to bank $120
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $13
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets1.98%
Cost of funding earning assets 0.85%
Net interest margin 1.13%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 0.92%
Net operating income to assets 0.09%
Return on assets (ROA) 0.09%
Pretax return on assets 0.18%
Return on equity (ROE) 0.62%
Retained earnings to average equity (YTD only) 0.62%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1169.23%
Efficiency ratio30.38%
Assets per employee$64,418
Cash dividends to net income (YTD only)5.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.98%
Noncurrent assets plus other real estate owned to assets 2381.82%
Noncurrent loans to loans 0.03%
Net loans and leases to deposits0.04%
Net loans and leases to core deposits 95.54%
Equity capital to assets 141.69%
Core capital (leverage) ratio 23.77%
Tier 1 risk-based capital ratio 13.13%
Total risk-based capital ratio 14.54%
Memoranda
Average assets$16
Average earning assets$132,931
Average equity $19,227
Average loans $115,350
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fort Worth National Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.