FDIC Certificate #: 35282 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northwest Bank (#32647) Federal Reserve ID: 2814096 Date Established: Febuary 04, 2000 WWW:http://www.gatewaysavingsbank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 16132 FDIC's unique #: 77671 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 04, 2000 Last Structure Change Effective Date: August 25, 2006 Last Structure Change Process Date: November 01, 2006 Last Data Update: November 01, 2006 Data Source Date: April 05, 2012
Location
Address: 911 North Ankeny Boulevard, Ankeny, IA 50021 County: Polk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Des Moines, IA (#2120) Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780) CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
Financial Summary
Total assets: $82.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
26Total employees (full-time equivalent)
$82,965Total assets
$1,934Cash and due from depository institutions
$0Interest-bearing balances
$11,264Securities
$1,326Federal funds sold & reverse repurchase agreements
$64,032Net loans & leases
$710Loan loss allowance
$0Trading account assets
$3,636Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$773All other assets
$82,965Total liabilities and capital
$76,315Total liabilities
$75,270Total deposits
$69,586Interest-bearing deposits
$75,270Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,045All other liabilities
$6,650Total equity capital
$6,650Total bank equity capital
$6,650Perpetual preferred stock
$0Common stock
$300Surplus
$4,050Undivided profits
Memoranda
$2,300Noncurrent loans and leases
$17,340Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$441Average Assets, year-to-date
$76,622Average Assets, quarterly
$0Volatile liabilities
$78,588Insider loans
$80,922FHLB advances
$24,421Loans and leases held for sale
$4,133Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,139Total unused commitments
$0Restructured Loans and leases
$710Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,438Total interest income
$1,898Total interest expense
$2,540Net interest income
$107Provision for loan and lease losses
$653Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$653Additional noninterest income
$2,576Total noninterest expense
$1,545Salaries and employee benefits
$471Premises and equipment expense
$560Additional noninterest expense
$510Pre-tax net operating income
$85Securities gains (losses)
$195Applicable income taxes
$400Income before extraordinary items
$0Extraordinary gains - net
$400Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
2.59%Cost of funding earning assets
3.47%Net interest margin
0.89%Noninterest income to earning assets
3.52%Noninterest expense to earning assets
0.44%Net operating income to assets
0.51%Return on assets (ROA)
0.76%Pretax return on assets
6.19%Return on equity (ROE)
6.19%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
2140.00%Credit loss provision to net charge-offs
123.40%Efficiency ratio
80,676Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
85.07%Net loans and leases to core deposits
125.93%Equity capital to assets
8.02%Core capital (leverage) ratio
8.11%Tier 1 risk-based capital ratio
10.57%Total risk-based capital ratio
Memoranda
$12Average assets
$78,588Average earning assets
$6,463Average equity
$73,182Average loans
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