Gateway State Bank in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 21, 1995

  • Gateway State Bank in New York City, New York (NY)
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Gateway State Bank - Overview

  • General
  • FDIC Certificate #: 22590
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SI Bank & Trust (#15986)
    Federal Reserve ID: 238700
    Date Established: December 03, 1977
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 15756
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 03, 1977
    Last Structure Change Effective Date: August 21, 1995
    Last Structure Change Process Date: October 02, 1995
    Last Data Update: October 02, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1630 Richmond Road, New York City, NY 10304
    County: Richmond
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $312.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $183Total assets
  • $308,564Cash and due from depository institutions
  • $24,380Interest-bearing balances
  • $0Securities
  • $125,875Federal funds sold & reverse repurchase agreements
  • $20,120Net loans & leases
  • $126,001Loan loss allowance
  • $5,845Trading account assets
  • $0Bank premises and fixed assets
  • $2,496Other real estate owned
  • $593Goodwill and other intangibles
  • $9,099Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $308,564Total liabilities
  • $273,192Total deposits
  • $270,552Interest-bearing deposits
  • $152,770Deposits held in domestic offices
  • 270552.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $100Subordinated debt
  • $0All other liabilities
  • $2,540Total equity capital
  • $2,540Total bank equity capital
  • $35,372Perpetual preferred stock
  • $0Common stock
  • $926Surplus
  • $2,800Undivided profits
  • Memoranda
  • $31,646Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,043Income earned, not collected on loans
  • $889Earning assets
  • $271,996Long-term assets (5+ years)
  • $22,112Average Assets, year-to-date
  • $292,286Average Assets, quarterly
  • $303,052Volatile liabilities
  • $15,657Insider loans
  • $955FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,072Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $35,513Total risk weighted assets
  • $142,882Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,308Total interest expense
  • $3,284Net interest income
  • $17,024Provision for loan and lease losses
  • $842Total noninterest income
  • $4,035Fiduciary activities
  • $185Service charges on deposit accounts
  • $2,641Trading account gains & fees
  • $0Additional noninterest income
  • $1,209Total noninterest expense
  • $13,491Salaries and employee benefits
  • $5,700Premises and equipment expense
  • $1,859Additional noninterest expense
  • $5,932Pre-tax net operating income
  • $6,726Securities gains (losses)
  • $0Applicable income taxes
  • $2,959Income before extraordinary items
  • $3,767Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,767Net charge-offs
  • $1,348Cash dividends
  • $608Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.91%Cost of funding earning assets
  • 1.28%Net interest margin
  • 6.63%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 5.26%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 2.30%Return on equity (ROE)
  • 11.15%Retained earnings to average equity (YTD only)
  • 9.35%Net charge-offs to loans
  • 0.95%Credit loss provision to net charge-offs
  • 62.46%Efficiency ratio
  • 64,063Assets per employee
  • 1.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.14%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 38.86%Noncurrent assets plus other real estate owned to assets
  • 5.07%Noncurrent loans to loans
  • 11.41%Net loans and leases to deposits
  • 46.57%Net loans and leases to core deposits
  • 49.41%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 11.72%Tier 1 risk-based capital ratio
  • 24.85%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $292,286Average earning assets
  • $33,793Average equity
  • $256,618Average loans

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