Gateway Commercial Bank in Mesa, Arizona (AZ)
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| Gateway Commercial Bank | |
|---|---|
| General | FDIC Certificate #: 58678 Status: Active Federal Reserve ID: 3667132 Date Established: December 03, 2007 WWW: http://www.gcbaz.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 462762 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: December 03, 2007 Last Structure Change Effective Date: January 20, 2010 Last Structure Change Process Date: January 20, 2010 Last Data Update: January 20, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 6860 East Warner Road, Mesa, AZ 85212 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $78.9 mil Equity capital: $12.3 mil Deposits held in domestic offices: $66.5 mil Return on assets (ROA): 0.83% ($0.7 mil) Quarterly return on assets: 0.54% ($0.4 mil) Return on Equity (ROE): 5.40% ($0.6 mil) Quarterly return on equity: 3.39% ($0.4 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.83% ($654.9 mil) Quarterly Pretax return on assets: 0.54% ($426.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 12 |
| Total assets | $78,904 |
| Cash and due from depository institutions | $8,208 |
| Interest-bearing balances | $1,229 |
| Securities | $26,771 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $39,060 |
| Loan loss allowance | $368 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,417 |
| Other real estate owned | $1,462 |
| Goodwill and other intangibles | $0 |
| All other assets | $986 |
| Life insurance assets | $78,904 |
| Total liabilities and capital | $66,629 |
| Total liabilities | $66,507 |
| Total deposits | $58,909 |
| Interest-bearing deposits | $66,507 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $122 |
| All other liabilities | $12,275 |
| Total equity capital | $12,275 |
| Total bank equity capital | $12,275 |
| Perpetual preferred stock | $0 |
| Common stock | $12,361 |
| Surplus | $443 |
| Undivided profits | $-529 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $104 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $248 |
| Average Assets, year-to-date | $67,060 |
| Average Assets, quarterly | $39,900 |
| Volatile liabilities | $75,005 |
| Insider loans | $77,137 |
| FHLB advances | $50,430 |
| Loans and leases held for sale | $77,254 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,781 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,506 |
| Derivatives | $691 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,958 |
| Total interest expense | $586 |
| Net interest income | $2,372 |
| Provision for loan and lease losses | $103 |
| Total noninterest income | $48 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $21 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $27 |
| Total noninterest expense | $1,753 |
| Salaries and employee benefits | $962 |
| Premises and equipment expense | $239 |
| Additional noninterest expense | $552 |
| Pre-tax net operating income | $564 |
| Securities gains (losses) | $60 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $624 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $624 |
| Net charge-offs | $0 |
| Cash dividends | $624 |
| Sale, conversion, retirement of capital stock, net | $36 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.56% |
| Cost of funding earning assets | 0.90% |
| Net interest margin | 3.66% |
| Noninterest income to earning assets | 0.07% |
| Noninterest expense to earning assets | 2.70% |
| Net operating income to assets | 0.75% |
| Return on assets (ROA) | 0.83% |
| Pretax return on assets | 0.83% |
| Return on equity (ROE) | 5.40% |
| Retained earnings to average equity (YTD only) | 5.40% |
| Net charge-offs to loans | 0.10% |
| Credit loss provision to net charge-offs | 286.11% |
| Efficiency ratio | 18.53% |
| Assets per employee | $72,438 |
| Cash dividends to net income (YTD only) | 6.58% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.93% |
| Noncurrent assets plus other real estate owned to assets | 353.85% |
| Noncurrent loans to loans | 1.98% |
| Net loans and leases to deposits | 0.26% |
| Net loans and leases to core deposits | 58.73% |
| Equity capital to assets | 60.68% |
| Core capital (leverage) ratio | 15.56% |
| Tier 1 risk-based capital ratio | 15.25% |
| Total risk-based capital ratio | 23.36% |
| Memoranda | |
| Average assets | $24 |
| Average earning assets | $75,005 |
| Average equity | $11,556 |
| Average loans | $64,806 |
| 1 Arizona Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 462762 | Gateway Commercial Bank | 6860 East Warner Road, Mesa, AZ 85212 | December 03, 2007 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.