Gateway Bank of Florida in Daytona Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gateway Bank of Florida in Daytona Beach, Florida (FL)
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Gateway Bank of Florida - Overview

  • General
  • FDIC Certificate #: 58176
    Status: Active
    Federal Reserve ID: 3367085
    Bank Holding Company (Regulatory Top Holder): Gateway Financial Holdings Of Florida, Inc. (RSSDID: 3367094, Location: Daytona Beach, FL)
    Date Established: January 26, 2006
    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 #: 441339
    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: January 26, 2006
    Last Structure Change Effective Date: Febuary 14, 2007
    Last Structure Change Process Date: March 19, 2007
    Last Data Update: March 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1950 West International Speedway Boulevard, Daytona Beach, FL 32114
    County: Volusia
    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): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $192.3 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $147.7 mil
    Return on assets (ROA): 0.93% ($1.8 mil)
    Quarterly return on assets: 1.20% ($2.3 mil)
    Return on Equity (ROE): 9.76% ($2.0 mil)
    Quarterly return on equity: 11.68% ($2.3 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.34% ($2,576.4 mil)
    Quarterly Pretax return on assets: 1.82% ($3,499.3 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
  • 31Total employees (full-time equivalent)
  • $192,270Total assets
  • $12,475Cash and due from depository institutions
  • $10,321Interest-bearing balances
  • $81,885Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,238Net loans & leases
  • $3,267Loan loss allowance
  • $0Trading account assets
  • $7,492Bank premises and fixed assets
  • $920Other real estate owned
  • $0Goodwill and other intangibles
  • $192,270Life insurance assets
  • $5,260All other assets
  • $172,234Total liabilities and capital
  • $147,698Total liabilities
  • $134,497Total deposits
  • $147,698Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,200Trading liabilities
  • $0Other borrowed funds
  • $336Subordinated debt
  • $20,036All other liabilities
  • $20,036Total equity capital
  • $20,036Total bank equity capital
  • $0Perpetual preferred stock
  • $7,650Common stock
  • $13,003Surplus
  • $-617Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,469Income earned, not collected on loans
  • $0Earning assets
  • $1,036Long-term assets (5+ years)
  • $176,444Average Assets, year-to-date
  • $69,290Average Assets, quarterly
  • $191,677Volatile liabilities
  • $192,544Insider loans
  • $107,006FHLB advances
  • $197,148Loans and leases held for sale
  • $1,094Unused loan commitments
  • $1,094Tier 1 (core) risk-based capital
  • $18,648Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,945Restructured Loans and leases
  • $10,002Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,637Total interest income
  • $1,640Total interest expense
  • $6,997Net interest income
  • $695Provision for loan and lease losses
  • -$597Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$652Additional noninterest income
  • $4,439Total noninterest expense
  • $2,334Salaries and employee benefits
  • $592Premises and equipment expense
  • $1,513Additional noninterest expense
  • $1,266Pre-tax net operating income
  • $1,311Securities gains (losses)
  • $787Applicable income taxes
  • $1,790Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,790Net income attributable to bank
  • $0Net charge-offs
  • $1,790Cash dividends
  • $2,536Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.98%Net interest margin
  • -0.34%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 9.76%Return on equity (ROE)
  • 9.76%Retained earnings to average equity (YTD only)
  • 2.76%Net charge-offs to loans
  • 27.41%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 69,359Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.73%Loss allowance to noncurrent loans
  • 222.40%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 57.03%Net loans and leases to core deposits
  • 68.34%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 17.43%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $191,677Average earning assets
  • $18,336Average equity
  • $175,851Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441339Gateway Bank Of Florida1950 West International Speedway Boulevard, Daytona Beach, FL 32114January 26, 2006Full Service Brick and Mortar
    1461384Messenger Service112 North Nova Road, Ormond Beach, FL 32174January 26, 2006Limited Service Messenger
    2461385Ormond Beach Branch112 North Nova Road, Ormond Beach, FL 32174Febuary 14, 2007Full Service Brick and Mortar
    3473863Port Orange Central Branch3741 South Nova Road, Port Orange, FL 32129April 07, 2008Full Service Brick and Mortar

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