Fort Worth National Bank in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 29, 2008

  • Fort Worth National Bank in Fort Worth, Texas (TX)
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Fort Worth National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 29Total employees (full-time equivalent)
  • $156,098Total assets
  • $4,409Cash and due from depository institutions
  • $794Interest-bearing balances
  • $13,619Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $105,992Net loans & leases
  • $1,048Loan loss allowance
  • $0Trading account assets
  • $5,262Bank premises and fixed assets
  • $0Other real estate owned
  • $21,379Goodwill and other intangibles
  • $3,383Life insurance assets
  • $5,437All other assets
  • $156,098Total liabilities and capital
  • $118,988Total liabilities
  • $110,935Total deposits
  • $88,175Interest-bearing deposits
  • $110,935Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,023Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,030All other liabilities
  • $37,110Total equity capital
  • $37,110Total bank equity capital
  • $37,110Perpetual preferred stock
  • $0Common stock
  • $3,528Surplus
  • $33,428Undivided profits
  • Memoranda
  • $154Noncurrent loans and leases
  • $19,834Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $44Earning assets
  • $0Long-term assets (5+ years)
  • $561Average Assets, year-to-date
  • $120,405Average Assets, quarterly
  • $11,646Volatile liabilities
  • $132,931Insider loans
  • $140,399FHLB advances
  • $43,150Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,834Total unused commitments
  • $22Restructured Loans and leases
  • $1,048Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,285Total interest income
  • $981Total interest expense
  • $1,304Net interest income
  • $152Provision for loan and lease losses
  • $149Total noninterest income
  • $0Fiduciary activities
  • $93Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $1,058Total noninterest expense
  • $576Salaries and employee benefits
  • $119Premises and equipment expense
  • $363Additional noninterest expense
  • $243Pre-tax net operating income
  • $0Securities gains (losses)
  • $123Applicable income taxes
  • $120Income before extraordinary items
  • $0Extraordinary gains - net
  • $120Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.98%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 1.13%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 0.92%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 0.62%Return on equity (ROE)
  • 0.62%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1169.23%Credit loss provision to net charge-offs
  • 30.38%Efficiency ratio
  • 64,418Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 2381.82%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 95.54%Net loans and leases to core deposits
  • 141.69%Equity capital to assets
  • 23.77%Core capital (leverage) ratio
  • 13.13%Tier 1 risk-based capital ratio
  • 14.54%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $132,931Average earning assets
  • $19,227Average equity
  • $115,350Average loans

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