Worthington State Bank
Worthington, IN · Owner: Worthington Bancshares Inc
$36.6M
total assets, September 30, 1991
$36.6M
total assets, September 30, 1991
Worthington State Bank was a state nonmember bank in Worthington, IN, owned by Worthington Bancshares Inc. It failed on Nov 14, 1991, and First Farmers State Bank took over its deposits. At its last report it held $36.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Nov 14, 1991
- Assets
- $36.6M
- Deposits
- $34.2M
- Estimated cost
- $1.4M
- Deposits went to
- First Farmers State Bank, Sullivan, IN
Total assets
$36.6M
-21.9% in a year · -4.1% in a quarter
Deposits
$34.2M
-20.5% in a year · -4.3% in a quarter
Loans
$12.7M
-26.7% in a year · -9.2% in a quarter
Profit so far
-$177K
Jan 1 to Sep 30, 1991 · -152.1% in a year
Capital ratio
5.50%
-1.81 pts in a year
Return on assets
-0.56%
-1.51 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 210 East Main, Worthington, IN, 47471
- County
- Greene
- Holding company
- Worthington Bancshares Inc
- Established
- Jan 1, 1933
- Failed
- Nov 14, 1991
- Employees
- 12
- Id
- b12124
Quarter by quarter
March 31, 1984 to September 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Worthington State Bank?
$36.6 million in total assets and $34.2 million in deposits as of September 30, 1991, with assets down 21.9% from a year before. Its loans were $12.7 million.
Is Worthington State Bank profitable?
No: it lost $177,000 from January 1 to September 30, 1991. Its return on assets was -0.56% a year; about 1% is typical.
Who owns Worthington State Bank?
Worthington State Bank is owned by Worthington Bancshares Inc, its holding company.
When did Worthington State Bank fail?
Nov 14, 1991. First Farmers State Bank of Sullivan, IN took over its deposits. The estimated cost of the failure was $1.43 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.