Worthington Federal Savings Bank, F.S.B.

Problem loans are rising at Worthington Federal Savings Bank, F.S.B.. Based in Worthington, Minnesota, it had $135 million in assets at June 30, 2026, up 27.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.65% of loans from 0.31% a year earlier. It keeps 2.90 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 3.96 cents). On the other hand, it holds common equity equal to 31.06% of its risk-weighted assets, about double the median of 15.11% for banks its size.

Earnings jumped: net income for the quarter was $209,000, 179% above the same quarter a year earlier. Over the same year, loans grew 20.1% and deposits grew 30.0%. Profitability lags: it returns 4.2% a year on shareholders' equity, about a third the median of 12.6% for banks its size.

As of June 30, 2026, Worthington Federal Savings Bank, F.S.B. reported a CET1 capital ratio of 31.06%, a return on assets of 0.62%, a nonperforming-loan ratio of 0.65% and a Texas ratio of 2.89%. The figures come from its call report filed with the FFIEC.