Worthington National Bank in Arlington, Texas (TX)



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Worthington National Bank routing number info

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Worthington National Bank
GeneralFDIC Certificate #: 57414
Status: Active
Federal Reserve ID: 3150205
Date Established: November 21, 2002
WWW: http://www.worthingtonbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 363318
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 21, 2002
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 200 West Main Street, Arlington, TX 76010
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)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $182.9 mil
Equity capital: $20.2 mil
Deposits held in domestic offices: $161.3 mil
Return on assets (ROA): 0.23% ($0.4 mil)
Quarterly return on assets: -0.05% (-$0.1 mil)
Return on Equity (ROE): 2.01% ($0.4 mil)
Quarterly return on equity: -0.42% (-$0.1 mil)
Net income: $0.4 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.23% ($420.6 mil)
Quarterly Pretax return on assets: -0.05% (-$91.4 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)39
Total assets$182,857
Cash and due from depository institutions$38,874
Interest-bearing balances$36,649
Securities$0
Federal funds sold & reverse repurchase agreements$2,905
Net loans & leases$128,431
Loan loss allowance $2,996
Trading account assets$0
Bank premises and fixed assets$6,993
Other real estate owned$2,825
Goodwill and other intangibles$0
All other assets$2,829
Life insurance assets$182,857
Total liabilities and capital$162,681
Total liabilities$161,333
Total deposits$107,500
Interest-bearing deposits$161,333
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,100
Other borrowed funds $0
Subordinated debt $248
All other liabilities $20,176
Total equity capital$20,176
Total bank equity capital$20,176
Perpetual preferred stock$0
Common stock$10,105
Surplus$13,399
Undivided profits $-3,328
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,592
Earning assets $0
Long-term assets (5+ years) $532
Average Assets, year-to-date $167,985
Average Assets, quarterly $25,311
Volatile liabilities $177,302
Insider loans $180,815
FHLB advances $136,162
Loans and leases held for sale $181,851
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,176
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,258
Derivatives$7,948
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,597
Total interest expense $695
Net interest income $7,902
Provision for loan and lease losses $296
Total noninterest income $550
Fiduciary activities $0
Service charges on deposit accounts $251
Trading account gains & fees $0
Additional noninterest income $299
Total noninterest expense $7,754
Salaries and employee benefits $3,669
Premises and equipment expense $982
Additional noninterest expense $3,103
Pre-tax net operating income $402
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $402
Extraordinary gains - net $0
Net income attributable to bank $402
Net charge-offs $0
Cash dividends $402
Sale, conversion, retirement of capital stock, net $191
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.31%
Cost of funding earning assets 0.43%
Net interest margin 4.88%
Noninterest income to earning assets 0.34%
Noninterest expense to earning assets 4.79%
Net operating income to assets 0.23%
Return on assets (ROA) 0.23%
Pretax return on assets 0.23%
Return on equity (ROE) 2.01%
Retained earnings to average equity (YTD only) 2.01%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 154.97%
Efficiency ratio3.65%
Assets per employee$91,742
Cash dividends to net income (YTD only)4.69%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.28%
Noncurrent assets plus other real estate owned to assets 115.59%
Noncurrent loans to loans 2.96%
Net loans and leases to deposits1.97%
Net loans and leases to core deposits 79.61%
Equity capital to assets 89.95%
Core capital (leverage) ratio 11.03%
Tier 1 risk-based capital ratio 11.09%
Total risk-based capital ratio 14.82%
Memoranda
Average assets$16
Average earning assets$177,302
Average equity $20,010
Average loans $161,882
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3 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0363318Worthington National Bank200 West Main Street, Arlington, TX 76010November 21, 2002Full Service Brick and Mortar
1446979Downtown Fort Worth Branch500 Main Street, Fort Worth, TX 76102December 19, 2005Full Service Brick and Mortar
2476055Colleyville Branch4814 Colleyville Boulevard, Colleyville, TX 76034July 23, 2007Full Service Brick and Mortar
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