Gateway Bank of Southwest Florida in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gateway Bank of Southwest Florida in Sarasota, Florida (FL)
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Gateway Bank of Southwest Florida - Overview

  • General
  • FDIC Certificate #: 58725
    Status: Active
    Federal Reserve ID: 3717167
    Bank Holding Company (Regulatory Top Holder): Gateway Financial Holdings Of Florida, Inc. (RSSDID: 3367094, Location: Daytona Beach, FL)
    Date Established: May 19, 2008
    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 #: 464167
    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 19, 2008
    Last Structure Change Effective Date: October 26, 2009
    Last Structure Change Process Date: October 28, 2009
    Last Data Update: October 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 S. Tamiami Trail, Sarasota, FL 34236
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $183.0 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $154.0 mil
    Return on assets (ROA): 0.46% ($0.8 mil)
    Quarterly return on assets: 0.71% ($1.3 mil)
    Return on Equity (ROE): 4.90% ($0.8 mil)
    Quarterly return on equity: 7.42% ($1.3 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.68% ($1,244.2 mil)
    Quarterly Pretax return on assets: 0.95% ($1,738.2 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
  • 40Total employees (full-time equivalent)
  • $182,973Total assets
  • $5,842Cash and due from depository institutions
  • $2,881Interest-bearing balances
  • $76,435Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,969Net loans & leases
  • $1,824Loan loss allowance
  • $0Trading account assets
  • $8,337Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $182,973Life insurance assets
  • $5,390All other assets
  • $165,631Total liabilities and capital
  • $153,996Total liabilities
  • $130,608Total deposits
  • $153,996Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $635Subordinated debt
  • $17,342All other liabilities
  • $17,342Total equity capital
  • $17,342Total bank equity capital
  • $0Perpetual preferred stock
  • $9,750Common stock
  • $10,151Surplus
  • $-2,559Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,135Income earned, not collected on loans
  • $0Earning assets
  • $942Long-term assets (5+ years)
  • $166,285Average Assets, year-to-date
  • $78,404Average Assets, quarterly
  • $172,730Volatile liabilities
  • $178,819Insider loans
  • $103,158FHLB advances
  • $179,082Loans and leases held for sale
  • $1,511Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,382Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,511Total unused commitments
  • $11,477Restructured Loans and leases
  • $4,988Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,417Total interest income
  • $1,574Total interest expense
  • $5,843Net interest income
  • $414Provision for loan and lease losses
  • $1,075Total noninterest income
  • $0Fiduciary activities
  • $40Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,035Additional noninterest income
  • $5,959Total noninterest expense
  • $3,564Salaries and employee benefits
  • $991Premises and equipment expense
  • $1,404Additional noninterest expense
  • $545Pre-tax net operating income
  • $632Securities gains (losses)
  • $391Applicable income taxes
  • $786Income before extraordinary items
  • $0Extraordinary gains - net
  • $786Net income attributable to bank
  • $0Net charge-offs
  • $786Cash dividends
  • -$14Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 4.90%Return on equity (ROE)
  • 4.90%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -2957.14%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,138Assets per employee
  • 4.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 160.70%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 56.47%Net loans and leases to core deposits
  • 56.87%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 8.59%Tier 1 risk-based capital ratio
  • 14.91%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $172,730Average earning assets
  • $16,057Average equity
  • $155,927Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0464167Gateway Bank Of Southwest Florida1100 S. Tamiami Trail, Sarasota, FL 34236May 19, 2008Full Service Brick and Mortar
    1474342Messenger Service2033 Main Street, Suite 200, Sarasota, FL 34237May 19, 2008Limited Service Messenger
    2489585University Parkway Branch6204 North Lockwood Ridge Road, Sarasota, FL 34243March 12, 2009Full Service Brick and Mortar
    3490954Manatee Avenue Branch2100 Manatee Avenue West, Bradenton, FL 34205August 27, 2008Full Service Brick and Mortar

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