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

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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
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
Undivided profits $33,428
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
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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
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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%
Average assets$16
Average earning assets$132,931
Average equity $19,227
Average loans $115,350
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