Worthington National Bank in Arlington, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Worthington National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 39Total employees (full-time equivalent)
  • $182,857Total assets
  • $38,874Cash and due from depository institutions
  • $36,649Interest-bearing balances
  • $0Securities
  • $2,905Federal funds sold & reverse repurchase agreements
  • $128,431Net loans & leases
  • $2,996Loan loss allowance
  • $0Trading account assets
  • $6,993Bank premises and fixed assets
  • $2,825Other real estate owned
  • $0Goodwill and other intangibles
  • $182,857Life insurance assets
  • $2,829All other assets
  • $162,681Total liabilities and capital
  • $161,333Total liabilities
  • $107,500Total deposits
  • $161,333Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,100Trading liabilities
  • $0Other borrowed funds
  • $248Subordinated debt
  • $20,176All other liabilities
  • $20,176Total equity capital
  • $20,176Total bank equity capital
  • $0Perpetual preferred stock
  • $10,105Common stock
  • $13,399Surplus
  • $-3,328Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,592Income earned, not collected on loans
  • $0Earning assets
  • $532Long-term assets (5+ years)
  • $167,985Average Assets, year-to-date
  • $25,311Average Assets, quarterly
  • $177,302Volatile liabilities
  • $180,815Insider loans
  • $136,162FHLB advances
  • $181,851Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,258Restructured Loans and leases
  • $7,948Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,597Total interest income
  • $695Total interest expense
  • $7,902Net interest income
  • $296Provision for loan and lease losses
  • $550Total noninterest income
  • $0Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $299Additional noninterest income
  • $7,754Total noninterest expense
  • $3,669Salaries and employee benefits
  • $982Premises and equipment expense
  • $3,103Additional noninterest expense
  • $402Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $402Income before extraordinary items
  • $0Extraordinary gains - net
  • $402Net income attributable to bank
  • $0Net charge-offs
  • $402Cash dividends
  • $191Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 4.88%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 4.79%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 154.97%Credit loss provision to net charge-offs
  • 3.65%Efficiency ratio
  • 91,742Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 115.59%Noncurrent assets plus other real estate owned to assets
  • 2.96%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 79.61%Net loans and leases to core deposits
  • 89.95%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 11.09%Tier 1 risk-based capital ratio
  • 14.82%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $177,302Average earning assets
  • $20,010Average equity
  • $161,882Average loans

List of branches

  • 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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