Gateway State Bank in Clinton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gateway State Bank - Overview

  • General
  • FDIC Certificate #: 9293
    Status: Active
    Federal Reserve ID: 475046
    Bank Holding Company (Regulatory Top Holder): Ohnward Bancshares, Inc. (RSSDID: 1200311, Location: Maquoketa, IA)
    Date Established: January 01, 1907
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15821
    FDIC's unique #: 5948
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 1427 North Second Street, Clinton, IA 52732
    County: Clinton
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Clinton, IA (#17540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $122.0 mil
    Equity capital: $11.2 mil
    Deposits held in domestic offices: $98.2 mil
    Return on assets (ROA): 0.57% ($0.7 mil)
    Quarterly return on assets: 0.59% ($0.7 mil)
    Return on Equity (ROE): 6.31% ($0.7 mil)
    Quarterly return on equity: 6.40% ($0.7 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.75% ($915.0 mil)
    Quarterly Pretax return on assets: 0.75% ($915.0 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
  • 33Total employees (full-time equivalent)
  • $121,997Total assets
  • $5,409Cash and due from depository institutions
  • $4,779Interest-bearing balances
  • $30,200Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $79,668Net loans & leases
  • $741Loan loss allowance
  • $0Trading account assets
  • $2,551Bank premises and fixed assets
  • $98Other real estate owned
  • $1,721Goodwill and other intangibles
  • $121,996Life insurance assets
  • $2,350All other assets
  • $110,778Total liabilities and capital
  • $98,194Total liabilities
  • $85,824Total deposits
  • $98,194Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 4945.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,641Trading liabilities
  • $0Other borrowed funds
  • $998Subordinated debt
  • $11,218All other liabilities
  • $11,218Total equity capital
  • $11,218Total bank equity capital
  • $0Perpetual preferred stock
  • $278Common stock
  • $4,875Surplus
  • $6,065Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $38Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $734Income earned, not collected on loans
  • $410Earning assets
  • $719Long-term assets (5+ years)
  • $114,647Average Assets, year-to-date
  • $13,179Average Assets, quarterly
  • $119,156Volatile liabilities
  • $121,242Insider loans
  • $78,383FHLB advances
  • $119,886Loans and leases held for sale
  • $519Unused loan commitments
  • $519Tier 1 (core) risk-based capital
  • $8,995Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,937Restructured Loans and leases
  • $1,789Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,233Total interest income
  • $1,640Total interest expense
  • $3,593Net interest income
  • $128Provision for loan and lease losses
  • $675Total noninterest income
  • $5Fiduciary activities
  • $346Service charges on deposit accounts
  • $0Trading account gains & fees
  • $324Additional noninterest income
  • $3,247Total noninterest expense
  • $1,759Salaries and employee benefits
  • $440Premises and equipment expense
  • $1,048Additional noninterest expense
  • $893Pre-tax net operating income
  • $0Securities gains (losses)
  • $218Applicable income taxes
  • $675Income before extraordinary items
  • $0Extraordinary gains - net
  • $675Net income attributable to bank
  • $0Net charge-offs
  • $675Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 6.31%Return on equity (ROE)
  • 6.31%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 131.96%Credit loss provision to net charge-offs
  • 10.53%Efficiency ratio
  • 76,078Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 100.95%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 81.13%Net loans and leases to core deposits
  • 85.48%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 7.50%Tier 1 risk-based capital ratio
  • 11.48%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $119,156Average earning assets
  • $10,705Average equity
  • $111,682Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $8,359Managed Assets
  • 1Number of Accounts
  • $4,791Personal trust and agency accounts
  • $652Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,752Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,387Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 26Number of Accounts
  • $0Personal trust and agency accounts
  • $1,752Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,568Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,556Other fiduciary accounts
  • $12Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05948Gateway State Bank1427 North Second Street, Clinton, IA 52732January 01, 1907Full Service Brick and Mortar
    1219847Charlotte Branch117 Broadway, Charlotte, IA 52731July 18, 1938Full Service Brick and Mortar
    2219848Goose Lake Branch223 Main Street, Goose Lake, IA 52750October 13, 1980Full Service Brick and Mortar
    3219849Downtown Branch614 South 2nd Street, Clinton, IA 52732October 13, 1980Limited Service Facility
    4492980Westside Branch2600 Lincolnway, Clinton, IA 52732August 25, 2008Full Service Brick and Mortar

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