Gateway Bank & Trust Company in Elizabeth City, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 09, 2009

  • Gateway Bank & Trust Company in Elizabeth City, North Carolina (NC)
  • Show street view No street view available for this location

Gateway Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 34861
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Hampton Roads (#27125)
    Federal Reserve ID: 2748650
    Date Established: December 01, 1998
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 36 (Interstate: No)
    FDIC's unique #: 61824
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 01, 1998
    Last Structure Change Effective Date: May 09, 2009
    Last Structure Change Process Date: May 20, 2009
    Last Data Update: May 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1143 North Road Street, Elizabeth City, NC 27906
    County: Pasquotank
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Elizabeth City, NC (#21020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $2,209.2 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, 2008)

  • Dollar figures in thousands
  • 511Total employees (full-time equivalent)
  • $2,212,813Total assets
  • $22,856Cash and due from depository institutions
  • $313Interest-bearing balances
  • $115,895Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,782,912Net loans & leases
  • $42,060Loan loss allowance
  • $0Trading account assets
  • $75,913Bank premises and fixed assets
  • $3,719Other real estate owned
  • $68,669Goodwill and other intangibles
  • $41,829Life insurance assets
  • $142,849All other assets
  • $2,212,813Total liabilities and capital
  • $1,952,191Total liabilities
  • $1,668,735Total deposits
  • $1,387,798Interest-bearing deposits
  • $1,668,735Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $54,800Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $191,500Other borrowed funds
  • $0Subordinated debt
  • $37,156All other liabilities
  • $260,622Total equity capital
  • $260,622Total bank equity capital
  • $260,622Perpetual preferred stock
  • $0Common stock
  • $13,664Surplus
  • $246,958Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $376,595Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $31,302Earning assets
  • $0Long-term assets (5+ years)
  • $8,822Average Assets, year-to-date
  • $1,899,120Average Assets, quarterly
  • $237,168Volatile liabilities
  • $2,090,092Insider loans
  • $2,242,602FHLB advances
  • $360,478Loans and leases held for sale
  • $61,309Unused loan commitments
  • $191,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,064Total risk weighted assets
  • $376,595Total unused commitments
  • $0Restructured Loans and leases
  • $24,462Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $120,237Total interest income
  • $59,092Total interest expense
  • $61,145Net interest income
  • $48,200Provision for loan and lease losses
  • $17,241Total noninterest income
  • $0Fiduciary activities
  • $4,616Service charges on deposit accounts
  • -$16Trading account gains & fees
  • $12,641Additional noninterest income
  • $62,982Total noninterest expense
  • $32,287Salaries and employee benefits
  • $10,267Premises and equipment expense
  • $20,428Additional noninterest expense
  • -$32,796Pre-tax net operating income
  • -$38,599Securities gains (losses)
  • -$25,915Applicable income taxes
  • -$45,480Income before extraordinary items
  • $0Extraordinary gains - net
  • -$45,480Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10,417Sale, conversion, retirement of capital stock, net
  • $3,500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.59%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • -0.99%Net operating income to assets
  • -2.18%Return on assets (ROA)
  • -3.42%Pretax return on assets
  • -19.52%Return on equity (ROE)
  • -21.03%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 462.71%Credit loss provision to net charge-offs
  • 1.48%Efficiency ratio
  • 79,560Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -7.70%Loss allowance to loans
  • 2.30%Loss allowance to noncurrent loans
  • 134.37%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 106.84%Net loans and leases to core deposits
  • 128.68%Equity capital to assets
  • 11.78%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 8.79%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $2,090,092Average earning assets
  • $232,945Average equity
  • $1,825,757Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Gateway Bank & Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents