Gateway Community Bank in Roscoe, Illinois (IL), WI



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Gateway Community Bank
GeneralFDIC Certificate #: 57275
Status: Active
Federal Reserve ID: 3145162
Bank Holding Company (Regulatory Top Holder): Gateway Banc Corp. (RSSDID: 3438800, Location: Roscoe, IL)
Date Established: October 29, 2002
WWW: http://www.gatewaycb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: Yes)
FDIC's unique #: 360578
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: October 29, 2002
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
LocationAddress: 5390 Williams Drive, Roscoe, IL 61073
County: Winnebago
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Rockford, IL (#40420)
CBSA Metro Statistical Area: Rockford, IL (#40420)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $87.4 mil
Equity capital: $8.8 mil
Deposits held in domestic offices: $78.2 mil
Return on assets (ROA): 0.45% ($0.4 mil)
Quarterly return on assets: -0.31% (-$0.3 mil)
Return on Equity (ROE): 4.51% ($0.4 mil)
Quarterly return on equity: -3.02% (-$0.3 mil)
Net income: $0.4 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.55% ($480.6 mil)
Quarterly Pretax return on assets: -0.12% (-$104.9 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)
Total employees (full-time equivalent)27
Total assets$87,388
Cash and due from depository institutions$1,401
Interest-bearing balances$350
Securities$22,283
Federal funds sold & reverse repurchase agreements$2,265
Net loans & leases$58,745
Loan loss allowance $976
Trading account assets$0
Bank premises and fixed assets$424
Other real estate owned$1,328
Goodwill and other intangibles$0
All other assets$942
Life insurance assets$87,388
Total liabilities and capital$78,577
Total liabilities$78,181
Total deposits$69,210
Interest-bearing deposits$78,181
Deposits held in domestic offices$64
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $396
All other liabilities $8,811
Total equity capital$8,811
Total bank equity capital$8,811
Perpetual preferred stock$0
Common stock$360
Surplus$8,134
Undivided profits $317
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 $1,858
Earning assets $0
Long-term assets (5+ years) $371
Average Assets, year-to-date $83,643
Average Assets, quarterly $13,057
Volatile liabilities $86,714
Insider loans $86,889
FHLB advances $62,673
Loans and leases held for sale $87,433
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,519
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,829
Derivatives$1,395
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,279
Total interest expense $595
Net interest income $3,684
Provision for loan and lease losses $470
Total noninterest income $174
Fiduciary activities $0
Service charges on deposit accounts $82
Trading account gains & fees $0
Additional noninterest income $92
Total noninterest expense $2,915
Salaries and employee benefits $1,468
Premises and equipment expense $446
Additional noninterest expense $1,001
Pre-tax net operating income $473
Securities gains (losses) $6
Applicable income taxes $89
Income before extraordinary items $390
Extraordinary gains - net $0
Net income attributable to bank $390
Net charge-offs $0
Cash dividends $390
Sale, conversion, retirement of capital stock, net $224
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.12%
Cost of funding earning assets 0.71%
Net interest margin 4.41%
Noninterest income to earning assets 0.21%
Noninterest expense to earning assets 3.49%
Net operating income to assets 0.44%
Return on assets (ROA) 0.45%
Pretax return on assets 0.55%
Return on equity (ROE) 4.51%
Retained earnings to average equity (YTD only) 4.51%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 209.82%
Efficiency ratio4.21%
Assets per employee$75,557
Cash dividends to net income (YTD only)3.24%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 52.53%
Noncurrent loans to loans 3.65%
Net loans and leases to deposits3.11%
Net loans and leases to core deposits 75.14%
Equity capital to assets 85.09%
Core capital (leverage) ratio 10.08%
Tier 1 risk-based capital ratio 9.74%
Total risk-based capital ratio 13.59%
Memoranda
Average assets$15
Average earning assets$86,714
Average equity $8,645
Average loans $83,577
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2 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0360578Gateway Community Bank5390 Williams Drive, Roscoe, IL 61073October 29, 2002Full Service Brick and Mortar
1466971Messenger Service5390 Williams Drive, Roscoe, IL 61073August 06, 2007Limited Service Messenger
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1 Wisconsin Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
2487507Beloit Wi Branch2215 Cranston Road, Beloit, WI 53511Febuary 16, 2009Full Service Brick and Mortar
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