Gateway Bank & Trust in Ringgold, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Gateway Bank & Trust in Ringgold, Georgia (GA)
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Gateway Bank & Trust routing number info

Gateway Bank & Trust - Overview

  • General
  • FDIC Certificate #: 34239
    Status: Active
    Federal Reserve ID: 2388784
    Bank Holding Company (Regulatory Top Holder): Gateway Bancshares, Inc. (RSSDID: 2388775, Location: Ringgold, GA)
    Date Established: April 21, 1997
    WWW: http://www.gwbt.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 56998
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 21, 1997
    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: 5102 Alabama Highway, Ringgold, GA 30736
    County: Catoosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Chattanooga, TN-GA (#1560)
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
    CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $253.1 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $225.4 mil
    Return on assets (ROA): -0.92% (-$2.3 mil)
    Quarterly return on assets: -2.39% (-$6.0 mil)
    Return on Equity (ROE): -9.92% (-$2.3 mil)
    Quarterly return on equity: -26.31% (-$6.1 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$1.6 mil
    Pretax return on assets: -1.04% (-$2,632.4 mil)
    Quarterly Pretax return on assets: -1.72% (-$4,353.5 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
  • 65Total employees (full-time equivalent)
  • $253,112Total assets
  • $43,044Cash and due from depository institutions
  • $962Interest-bearing balances
  • $41,955Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $150,509Net loans & leases
  • $5,712Loan loss allowance
  • $0Trading account assets
  • $4,915Bank premises and fixed assets
  • $4,958Other real estate owned
  • $0Goodwill and other intangibles
  • $253,112Life insurance assets
  • $7,731All other assets
  • $230,499Total liabilities and capital
  • $225,352Total liabilities
  • $201,334Total deposits
  • $225,352Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1235.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $1,912Subordinated debt
  • $22,613All other liabilities
  • $22,613Total equity capital
  • $22,613Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $10,000Surplus
  • $9,613Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,700Income earned, not collected on loans
  • $0Earning assets
  • $877Long-term assets (5+ years)
  • $193,426Average Assets, year-to-date
  • $44,139Average Assets, quarterly
  • $265,694Volatile liabilities
  • $259,902Insider loans
  • $164,873FHLB advances
  • $256,336Loans and leases held for sale
  • $3,603Unused loan commitments
  • $1,207Tier 1 (core) risk-based capital
  • $21,612Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,396Total unused commitments
  • $11,543Restructured Loans and leases
  • $645Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,032Total interest income
  • $2,499Total interest expense
  • $9,533Net interest income
  • $7,150Provision for loan and lease losses
  • $932Total noninterest income
  • $0Fiduciary activities
  • $1,114Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$182Additional noninterest income
  • $7,296Total noninterest expense
  • $3,619Salaries and employee benefits
  • $752Premises and equipment expense
  • $2,925Additional noninterest expense
  • -$3,981Pre-tax net operating income
  • $1,222Securities gains (losses)
  • -$315Applicable income taxes
  • -$2,444Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,444Net income attributable to bank
  • $0Net charge-offs
  • -$2,444Cash dividends
  • $5,784Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • -1.33%Net operating income to assets
  • -0.92%Return on assets (ROA)
  • -1.04%Pretax return on assets
  • -9.92%Return on equity (ROE)
  • -9.92%Retained earnings to average equity (YTD only)
  • 3.30%Net charge-offs to loans
  • 123.62%Credit loss provision to net charge-offs
  • 0.55%Efficiency ratio
  • 69,718Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.66%Loss allowance to noncurrent loans
  • 74.18%Noncurrent assets plus other real estate owned to assets
  • 5.00%Noncurrent loans to loans
  • 4.93%Net loans and leases to deposits
  • 66.79%Net loans and leases to core deposits
  • 68.48%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 13.11%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $265,694Average earning assets
  • $24,649Average equity
  • $238,771Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    056998Gateway Bank & Trust5102 Alabama Highway, Ringgold, GA 30736April 21, 1997Full Service Brick and Mortar
    1364113Fort Oglethorpe Branch769 Battlefield Parkway, Fort Oglethorpe, GA 30742November 16, 2001Full Service Brick and Mortar
    2467488Lafayette Branch2329 N. Main St, La Fayette, GA 30728June 01, 2007Full Service Brick and Mortar

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