Gateway Business Bank in Cerritos, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Gateway Business Bank - Overview

  • General
  • FDIC Certificate #: 34250
    Status: Active
    Federal Reserve ID: 2550095
    Bank Holding Company (Regulatory Top Holder): Gateway Bancorp (RSSDID: 2963190, Location: Santa Ana, CA)
    Date Established: March 10, 1997
    WWW: http://www.gbbanker.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 57009
    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: March 10, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 18000 Studebaker Road, Suite 550, Cerritos, CA 90703
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $201.3 mil
    Equity capital: $21.5 mil
    Deposits held in domestic offices: $173.3 mil
    Return on assets (ROA): -4.03% (-$8.1 mil)
    Quarterly return on assets: -3.45% (-$6.9 mil)
    Return on Equity (ROE): -30.38% (-$6.7 mil)
    Quarterly return on equity: -29.75% (-$6.5 mil)
    Net income: -$7.6 mil
    Quarterly Net income: -$1.7 mil
    Pretax return on assets: -2.36% (-$4,749.9 mil)
    Quarterly Pretax return on assets: -3.45% (-$6,943.7 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, 2011)

  • Dollar figures in thousands
  • 352Total employees (full-time equivalent)
  • $201,266Total assets
  • $51,094Cash and due from depository institutions
  • $49,218Interest-bearing balances
  • $78Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,967Net loans & leases
  • $2,908Loan loss allowance
  • $0Trading account assets
  • $847Bank premises and fixed assets
  • $2,831Other real estate owned
  • $758Goodwill and other intangibles
  • $201,266Life insurance assets
  • $4,691All other assets
  • $179,724Total liabilities and capital
  • $173,339Total liabilities
  • $150,596Total deposits
  • $173,339Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12Trading liabilities
  • $0Other borrowed funds
  • $6,373Subordinated debt
  • $21,542All other liabilities
  • $21,542Total equity capital
  • $21,542Total bank equity capital
  • $0Perpetual preferred stock
  • $19,046Common stock
  • $0Surplus
  • $2,496Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $73,267Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,353Income earned, not collected on loans
  • $2,792Earning assets
  • $371Long-term assets (5+ years)
  • $190,263Average Assets, year-to-date
  • $75,952Average Assets, quarterly
  • $189,329Volatile liabilities
  • $192,920Insider loans
  • $99,148FHLB advances
  • $180,568Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,466Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,151Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,714Total interest income
  • $1,636Total interest expense
  • $5,078Net interest income
  • -$819Provision for loan and lease losses
  • $28,756Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • $28,666Additional noninterest income
  • $39,117Total noninterest expense
  • $22,941Salaries and employee benefits
  • $3,098Premises and equipment expense
  • $13,078Additional noninterest expense
  • -$4,464Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,164Applicable income taxes
  • -$7,628Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,628Net income attributable to bank
  • $0Net charge-offs
  • -$7,628Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.81%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 2.88%Net interest margin
  • 16.31%Noninterest income to earning assets
  • 22.18%Noninterest expense to earning assets
  • -4.03%Net operating income to assets
  • -4.03%Return on assets (ROA)
  • -2.36%Pretax return on assets
  • -30.38%Return on equity (ROE)
  • -30.38%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • -13650.00%Credit loss provision to net charge-offs
  • -880.50%Efficiency ratio
  • 114,060Assets per employee
  • 0.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 39.55%Noncurrent assets plus other real estate owned to assets
  • 5.06%Noncurrent loans to loans
  • 5.11%Net loans and leases to deposits
  • 81.32%Net loans and leases to core deposits
  • 82.83%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 11.89%Tier 1 risk-based capital ratio
  • 21.65%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $189,329Average earning assets
  • $25,106Average equity
  • $176,353Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057009Gateway Business Bank18000 Studebaker Road, Suite 550, Cerritos, CA 90703March 10, 1997Full Service Brick and Mortar
    1366260Lakewood Branch4146 Woodruff Avenue, Lakewood, CA 90713October 21, 2002Full Service Brick and Mortar
    2419155Laguna Hills Branch23601 Moulton Parkway, Suite E, Laguna Hills, CA 92653September 13, 2002Full Service Brick and Mortar

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