Gateway Bank in South Norwalk, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 27, 1994

  • Gateway Bank in South Norwalk, Connecticut (CT)
  • Show street view No street view available for this location

Gateway Bank - Overview

  • General
  • FDIC Certificate #: 18241
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2499)
    Federal Reserve ID: 698500
    Date Established: June 23, 1860
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 29 (Interstate: No)
    OTS Docket #: 7480
    FDIC's unique #: 12157
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: June 27, 1994
    Last Structure Change Process Date: July 11, 1994
    Last Data Update: July 11, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 North Main Street, South Norwalk, CT 6856
    County: Fairfield
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $1,270.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $461Total assets
  • $1,287,035Cash and due from depository institutions
  • $44,924Interest-bearing balances
  • $354Securities
  • $235,291Federal funds sold & reverse repurchase agreements
  • $40,000Net loans & leases
  • $888,197Loan loss allowance
  • $18,265Trading account assets
  • $0Bank premises and fixed assets
  • $10,212Other real estate owned
  • $17,844Goodwill and other intangibles
  • $48,306Life insurance assets
  • $2,261All other assets
  • $0Total liabilities and capital
  • $1,287,035Total liabilities
  • $1,193,104Total deposits
  • $1,179,586Interest-bearing deposits
  • $1,112,689Deposits held in domestic offices
  • 1179586.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,437Subordinated debt
  • $0All other liabilities
  • $2,081Total equity capital
  • $2,081Total bank equity capital
  • $93,931Perpetual preferred stock
  • $0Common stock
  • $8,007Surplus
  • $75,971Undivided profits
  • Memoranda
  • $9,953Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46,873Income earned, not collected on loans
  • $5,274Earning assets
  • $1,163,842Long-term assets (5+ years)
  • $356,428Average Assets, year-to-date
  • $1,292,685Average Assets, quarterly
  • $1,284,376Volatile liabilities
  • $55,146Insider loans
  • $547FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $47,151Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $90,378Total risk weighted assets
  • $777,151Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $86,544Total interest expense
  • $39,951Net interest income
  • $46,593Provision for loan and lease losses
  • $6,395Total noninterest income
  • $8,642Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,891Trading account gains & fees
  • $0Additional noninterest income
  • $6,751Total noninterest expense
  • $45,791Salaries and employee benefits
  • $17,012Premises and equipment expense
  • $5,746Additional noninterest expense
  • $23,033Pre-tax net operating income
  • $3,049Securities gains (losses)
  • $1,135Applicable income taxes
  • -$4,885Income before extraordinary items
  • $9,069Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,069Net charge-offs
  • $15,506Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.49%Cost of funding earning assets
  • 3.46%Net interest margin
  • 4.03%Noninterest income to earning assets
  • 0.75%Noninterest expense to earning assets
  • 3.96%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 0.32%Return on equity (ROE)
  • 13.03%Retained earnings to average equity (YTD only)
  • 13.03%Net charge-offs to loans
  • 1.65%Credit loss provision to net charge-offs
  • 41.24%Efficiency ratio
  • 82,529Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 38.97%Noncurrent assets plus other real estate owned to assets
  • 5.03%Noncurrent loans to loans
  • 5.17%Net loans and leases to deposits
  • 75.30%Net loans and leases to core deposits
  • 78.19%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.07%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,292,685Average earning assets
  • $69,590Average equity
  • $1,155,846Average loans
1
Susan Price
I recently found an old savings passbook from when I lived and worked in Ct. There is a remaining balance in this account. I am trying to find out about this money. Please advise me. Thank you

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