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3301 Memorial Parkway, Sw
Huntsville, AL 35801

Worthington Federal Bank is headquartered in Huntsville and is the 77th largest bank in the state of Alabama. It is also the 3,971st largest bank in the nation. It was established in 1920 and as of June of 2014, it had grown to 33 employees at 1 location. Worthington Federal Bank has a C- health rating.

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Reviews (5)

If I Could Give 0 Stars I Would.

Worthington Federal is the absolute worse bank I have ever had the displeasure of being with. They have ignorant tellers that speak about things without truly knowing the answers, and it is run by obviously incompetent management that doesn't communicate with anyone but each other. I, my family, and the business we own fully plan on transferring immediately. I would rather trust my money with a gambler than this institution. They might care a little more about their clientele.

Like This Bank!

Great community bank with a regional presence...I love the high interest checking account and ease of use. Worthington has all the advantages of the BIG mega banks with a hometown culture. Employees remember my name and are very friendly....ATM fees refunded from other banks automatically. Like it.

Best Online Banking I've Seen

Worthington Federal Bank has the easiest online banking to use Ive seen yet....and they pay 3% on my checking account? At first I thought it was too good to be true, but these guys are for real and EASY to deal with. I have referred many of my friends. I have no idea who the other blogger is who said their lobby staff was unprofessional and uninformed? I found just the OPPOSITE to be the fact....everyone is very accommodating and was probably some deadbeat that owed WFB money....keep up the great work Worthington....I am not surpirsed you guys are now in the top 10 in deposits....and we LUV our Kasasa account.

Thank You Worthington

We heard your radio ads on 'Rick and Bubba' Radio Show and thought it would be a good place for our daughter to come for her 1st home purchase.  I have been with the same bank for 45 years...we have several accounts with the local credit union...but after our experience with your bank and seeing your account package...everything free plus high interest on checking and savings...we switched!

Some people might be put off because of limited locations...but your customer care provided everything we needed to conduct our transactions smoothly and quickly.  It is worth it!  I love being able to call and talk to someone that I actually met in your bank.  And I was impressed when Mr. Worthington came out in the lobby and took time to speak to me as he went to a meeting.

In the days of less service...I can count on more at Worthington.


The Glenns

LOCAL Bank In Huntsville

It's so refreshing to have a competitive, LOCAL bank that is focused on taking care of its customers. Your banker actually KNOWS you and wants to help you! Local decision-making here in Huntsville instead of waiting for an answer from the out-of-town corporate HQ!!


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Worthington Federal Bank had $6.82 million in non-current loans and owned real-estate with $13.04 million in equity and loan loss allowances on hand to cover it. This gives Worthington Federal Bank a Texas Ratio of 52.30% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Worthington Federal Bank increased slightly from 37.78% as of June 30, 2013 to 52.30% as of June 30, 2014, resulting in a negative change of 38.44%. This indicates that the balance sheet and financial strength for Worthington Federal Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Worthington Federal Bank has decreased its total deposits by -$14.14 million, resulting in -11.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Worthington Federal Bank has shown is poor.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Worthington Federal Bank has $133.65 million in assets with $13.04 million in equity, resulting in a capitalization level of 9.76%, which is above average.

Institution Statistics

FDIC Certificate #32649
Year Established1920
Primary RegulatorOCC
Assets and Liabilities
Assets$133.65 million
Loans$103.75 million
Deposits$109.23 million
Equity Capital$11.22 million
Loan Loss Allowance$1.82 million
Unbacked Noncurrent Loans$3.10 million
Real Estate Owned$3.72 million
Historic Data - June 2013
Assets$154.70 million
Equity Capital$17.26 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$3.10 million
Real Estate Owned$2.94 million
Profit Margin - Quarterly
Return on Assets-0.12%
Return on Equity-1.43%
Interest Income$3.12 million

Always verify rates and promotions with the bank or credit union. We are not Worthington Federal Bank, we are a rate comparison website and can not provide official rates or promotions.

Worthington Federal Bank Savings Account Rates

0.25%--Kasasa Saver - Qualifying
0.05%$1k-Simple Savings
0.05%--Kasasa Saver - Non Qualifying

Worthington Federal Bank Money Market Rates

0.17%$100k-Money Market Account

Worthington Federal Bank Checking Account Rates

0.99%-$15kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying

Worthington Federal Bank CD Rates

1.20%$1k-60 Month CD
1.10%$1k-18 Month CD
1.00%$1k-36 Month CD
1.00%$1k-48 Month CD
0.55%$1k-12 Month CD
0.40%$1k-30 Month CD
0.35%$1k-24 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

Worthington Federal Bank IRA Rates

1.20%$1k-60 Month IRA
1.10%$1k-18 Month IRA
1.00%$1k-36 Month IRA
1.00%$1k-48 Month IRA
0.55%$1k-12 Month IRA
0.40%$1k-30 Month IRA
0.35%$1k-24 Month IRA
0.15%$1k-6 Month IRA
0.10%$1k-3 Month IRA

Worthington Federal Bank Locations
Worthington Federal Bank3301 Memorial Parkway, SwHuntsville, AL 35801