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)
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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

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