Gates Banking and Trust Company in Gates, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gates Banking and Trust Company in Gates, Tennessee (TN)
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Gates Banking and Trust Company - Overview

  • General
  • FDIC Certificate #: 10306
    Status: Active
    Federal Reserve ID: 136459
    Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN)
    Date Established: September 01, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13807
    FDIC's unique #: 6600
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Wardlaw And Third Streets, Gates, TN 38037
    County: Lauderdale
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $42.8 mil
    Equity capital: $4.7 mil
    Deposits held in domestic offices: $36.5 mil
    Return on assets (ROA): 1.16% ($0.5 mil)
    Quarterly return on assets: 1.05% ($0.5 mil)
    Return on Equity (ROE): 10.91% ($0.5 mil)
    Quarterly return on equity: 9.30% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.36% ($581.7 mil)
    Quarterly Pretax return on assets: 1.18% ($504.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $42,769Total assets
  • $1,012Cash and due from depository institutions
  • $60Interest-bearing balances
  • $25,017Securities
  • $2,760Federal funds sold & reverse repurchase agreements
  • $11,825Net loans & leases
  • $308Loan loss allowance
  • $0Trading account assets
  • $127Bank premises and fixed assets
  • $171Other real estate owned
  • $0Goodwill and other intangibles
  • $42,769Life insurance assets
  • $1,857All other assets
  • $38,041Total liabilities and capital
  • $36,483Total liabilities
  • $32,811Total deposits
  • $36,483Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $558Subordinated debt
  • $4,728All other liabilities
  • $4,728Total equity capital
  • $4,728Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $200Surplus
  • $4,328Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $127Income earned, not collected on loans
  • $0Earning assets
  • $275Long-term assets (5+ years)
  • $39,662Average Assets, year-to-date
  • $22,366Average Assets, quarterly
  • $42,558Volatile liabilities
  • $42,719Insider loans
  • $22,021FHLB advances
  • $43,033Loans and leases held for sale
  • $1,238Unused loan commitments
  • $1,238Tier 1 (core) risk-based capital
  • $4,035Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,096Restructured Loans and leases
  • $1,242Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,616Total interest income
  • $306Total interest expense
  • $1,310Net interest income
  • $0Provision for loan and lease losses
  • $107Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $842Total noninterest expense
  • $448Salaries and employee benefits
  • $81Premises and equipment expense
  • $313Additional noninterest expense
  • $575Pre-tax net operating income
  • $2Securities gains (losses)
  • $83Applicable income taxes
  • $494Income before extraordinary items
  • $0Extraordinary gains - net
  • $494Net income attributable to bank
  • $0Net charge-offs
  • $494Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.11%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 10.91%Return on equity (ROE)
  • 4.28%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,421Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.73%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 242.52%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 32.41%Net loans and leases to core deposits
  • 40.67%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 9.38%Tier 1 risk-based capital ratio
  • 18.32%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $42,558Average earning assets
  • $4,530Average equity
  • $39,304Average loans

List of branches

  • 1 Tennessee Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06600Gates Banking And Trust CompanyWardlaw And Third Streets, Gates, TN 38037September 01, 1904Full Service Brick and Mortar

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