Gateway Bank in Mendota Heights, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gateway Bank in Mendota Heights, Minnesota (MN)
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Gateway Bank - Overview

  • General
  • FDIC Certificate #: 57644
    Status: Active
    Federal Reserve ID: 3223417
    Bank Holding Company (Regulatory Top Holder): Gateway Bancorporation, Inc. (RSSDID: 3223396, Location: Mendota Heights, MN)
    Date Established: January 20, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 419003
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 20, 2004
    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: 745 Market Street, Mendota Heights, MN 55118
    County: Dakota
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $95.1 mil
    Equity capital: $9.5 mil
    Deposits held in domestic offices: $77.0 mil
    Return on assets (ROA): 1.80% ($1.7 mil)
    Quarterly return on assets: 1.48% ($1.4 mil)
    Return on Equity (ROE): 19.01% ($1.9 mil)
    Quarterly return on equity: 15.07% ($1.5 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.83% ($1,739.6 mil)
    Quarterly Pretax return on assets: 1.60% ($1,520.9 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
  • 18Total employees (full-time equivalent)
  • $95,059Total assets
  • $15,883Cash and due from depository institutions
  • $13,043Interest-bearing balances
  • $3,188Securities
  • $505Federal funds sold & reverse repurchase agreements
  • $74,221Net loans & leases
  • $1,068Loan loss allowance
  • $0Trading account assets
  • $259Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $95,059Life insurance assets
  • $1,003All other assets
  • $85,543Total liabilities and capital
  • $76,983Total liabilities
  • $60,213Total deposits
  • $76,983Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,250Trading liabilities
  • $0Other borrowed funds
  • $310Subordinated debt
  • $9,516All other liabilities
  • $9,516Total equity capital
  • $9,516Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,200Surplus
  • $2,216Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $771Income earned, not collected on loans
  • $0Earning assets
  • $255Long-term assets (5+ years)
  • $90,957Average Assets, year-to-date
  • $957Average Assets, quarterly
  • $94,976Volatile liabilities
  • $94,816Insider loans
  • $76,918FHLB advances
  • $94,864Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,212Restructured Loans and leases
  • $290Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,613Total interest income
  • $615Total interest expense
  • $3,998Net interest income
  • $155Provision for loan and lease losses
  • $301Total noninterest income
  • $0Fiduciary activities
  • $176Service charges on deposit accounts
  • $0Trading account gains & fees
  • $125Additional noninterest income
  • $2,403Total noninterest expense
  • $1,346Salaries and employee benefits
  • $351Premises and equipment expense
  • $706Additional noninterest expense
  • $1,741Pre-tax net operating income
  • $0Securities gains (losses)
  • $29Applicable income taxes
  • $1,712Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,712Net income attributable to bank
  • $0Net charge-offs
  • $1,712Cash dividends
  • $201Sale, conversion, retirement of capital stock, net
  • $798Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.83%Pretax return on assets
  • 19.01%Return on equity (ROE)
  • 10.15%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 77.11%Credit loss provision to net charge-offs
  • 9.43%Efficiency ratio
  • 55,897Assets per employee
  • 5.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.61%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 138.52%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 96.41%Net loans and leases to core deposits
  • 104.20%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 12.37%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $94,976Average earning assets
  • $9,004Average equity
  • $90,776Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0419003Gateway Bank745 Market Street, Mendota Heights, MN 55118January 20, 2004Full Service Brick and Mortar

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