Gateway Bank of Central Florida in Ocala, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gateway Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 58506
    Status: Active
    Federal Reserve ID: 3590016
    Bank Holding Company (Regulatory Top Holder): Gateway Financial Holdings Of Florida, Inc. (RSSDID: 3367094, Location: Daytona Beach, FL)
    Date Established: May 29, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 454890
    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: May 29, 2007
    Last Structure Change Effective Date: December 05, 2008
    Last Structure Change Process Date: December 05, 2008
    Last Data Update: December 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1632 East Silver Springs Boulevard, Ocala, FL 34470
    County: Marion
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Ocala, FL (#5790)
    Core Based Statistical Area (CBSA): Ocala, FL (#36100)
    CBSA Metro Statistical Area: Ocala, FL (#36100)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $184.1 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $147.2 mil
    Return on assets (ROA): -0.73% (-$1.3 mil)
    Quarterly return on assets: -0.82% (-$1.5 mil)
    Return on Equity (ROE): -8.08% (-$1.4 mil)
    Quarterly return on equity: -8.72% (-$1.5 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -1.25% (-$2,301.6 mil)
    Quarterly Pretax return on assets: -1.54% (-$2,835.5 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
  • 37Total employees (full-time equivalent)
  • $184,125Total assets
  • $16,077Cash and due from depository institutions
  • $11,405Interest-bearing balances
  • $25,002Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,817Net loans & leases
  • $3,864Loan loss allowance
  • $0Trading account assets
  • $9,665Bank premises and fixed assets
  • $669Other real estate owned
  • $0Goodwill and other intangibles
  • $184,125Life insurance assets
  • $5,895All other assets
  • $166,795Total liabilities and capital
  • $147,178Total liabilities
  • $119,220Total deposits
  • $147,178Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1774.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,500Trading liabilities
  • $0Other borrowed funds
  • $343Subordinated debt
  • $17,330All other liabilities
  • $17,330Total equity capital
  • $17,330Total bank equity capital
  • $0Perpetual preferred stock
  • $7,750Common stock
  • $12,217Surplus
  • $-2,637Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,076Income earned, not collected on loans
  • $0Earning assets
  • $594Long-term assets (5+ years)
  • $163,224Average Assets, year-to-date
  • $31,612Average Assets, quarterly
  • $191,304Volatile liabilities
  • $184,795Insider loans
  • $139,007FHLB advances
  • $183,006Loans and leases held for sale
  • $1,961Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,751Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,961Total unused commitments
  • $14,411Restructured Loans and leases
  • $6,169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,694Total interest income
  • $1,919Total interest expense
  • $6,775Net interest income
  • $5,036Provision for loan and lease losses
  • $492Total noninterest income
  • $0Fiduciary activities
  • $146Service charges on deposit accounts
  • $0Trading account gains & fees
  • $346Additional noninterest income
  • $5,383Total noninterest expense
  • $2,838Salaries and employee benefits
  • $784Premises and equipment expense
  • $1,761Additional noninterest expense
  • -$3,152Pre-tax net operating income
  • $759Securities gains (losses)
  • -$991Applicable income taxes
  • -$1,402Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,402Net income attributable to bank
  • $0Net charge-offs
  • -$1,402Cash dividends
  • $4,478Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • -0.99%Net operating income to assets
  • -0.73%Return on assets (ROA)
  • -1.25%Pretax return on assets
  • -8.08%Return on equity (ROE)
  • -8.08%Retained earnings to average equity (YTD only)
  • 3.20%Net charge-offs to loans
  • 112.46%Credit loss provision to net charge-offs
  • 0.42%Efficiency ratio
  • 74,075Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.96%Loss allowance to noncurrent loans
  • 42.57%Noncurrent assets plus other real estate owned to assets
  • 5.29%Noncurrent loans to loans
  • 6.95%Net loans and leases to deposits
  • 86.17%Net loans and leases to core deposits
  • 94.77%Equity capital to assets
  • 9.41%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $191,304Average earning assets
  • $17,360Average equity
  • $170,975Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0454890Gateway Bank Of Central Florida1632 East Silver Springs Boulevard, Ocala, FL 34470May 29, 2007Full Service Brick and Mortar
    1464977Messenger Service1632 East Silver Springs Boulevard, Ocala, FL 34470June 20, 2007Limited Service Messenger
    2478929Gainesville Branch4100 Nw 37th Place, Gainesville, FL 32606July 22, 2008Full Service Brick and Mortar
    3485247Alachua Branch15652 Nw Highway 441, Alachua, FL 32615January 22, 2009Full Service Brick and Mortar

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