Worthington National Bank

Worthington National Bank is headquartered in Arlington and is the 262^nd largest bank in the state of Texas. It is also the 3,319^st largest bank in the nation. It was established in 2002 and as of March of 2012, it had grown to 41 employees at 3 locations. Worthington National Bank has a 4-star health rating.

Worthington National Bank Routing Number: 111924622

Data for Q1 2012

Institution Statistics Worthington National Bank FDIC Certificate # 57414 BankRate Report View Year Established 2002 Employees 41 Primary Regulator OCC Assets and Liabilities Assets $184.50 million Loans $121.39 million Deposits $162.67 million Equity Capital $20.60 million Loan Loss Allowance $3.01 million Unbacked Noncurrent Loans $2.58 million Real Estate Owned $2.62 million Historic Data - March 2011 Assets $175.02 million Equity Capital $19.87 million Loan Loss Allowance $2.79 million Unbacked Noncurrent Loans $3.03 million Real Estate Owned $3.10 million Profit Margin - Quarterly Net Interest Margin 4.45% Return on Assets 0.88% Return on Equity 7.93% Interest Income $1.99 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Worthington National Bank had $5.2 million in non-current loans and owned real-estate with $23.6 million in equity and loan loss allowances on hand to cover it. This gives Worthington National Bank a Texas Ratio of 22.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Worthington National Bank decreased slightly from 27.07% as of March 31, 2011 to 22.02% as of March 31, 2012, resulting in a positive change of 18.64%.This indicates that the balance sheet and financial strength for Worthington National Bank has improved slightly in recent periods. Deposit Growth In the past year, Worthington National Bank has increased its total deposits by $10.06 million, resulting in 6.59% 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 National Bank has shown is excellent. Capitalization 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 National Bank has $184.5 million in assets with $23.6 million in equity, resulting in a capitalization level of 12.79%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.