Gates Banking and Trust Company

Headquarters

Wardlaw And Third Streets
Gates, TN 38037
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Gates Banking and Trust Company is an FDIC insured institution located in Gates, TN. It was founded in 1904 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10306
Date Established 1904
Assets $ 54.38 million
Loans $ 14.00 million
Deposits $ 47.86 million
Capital $ 6.07 million
 

For a more detailed analysis of Gates Banking and Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Gates Banking and Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.359% 3.250%
0.88 points
$3,438 fees
$1,089 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Gates Banking and Trust Company
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Branches

Gates Banking and Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Gates Banking and Trust Company Locations


Financial Details

Gates Banking and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gates Banking and Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Gates Banking and Trust Company U.S. Bank Average
0.28% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Gates Banking and Trust Company had $18,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,070,000 in equity and $306,000 in loans loss reserves. That gives it a Texas Ratio of 0.28%.

Return on Equity
Gates Banking and Trust Company U.S. Bank Average
6.06% 11.43%

Gates Banking and Trust Company has a Return on Equity of 6.06% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Gates Banking and Trust Company U.S. Bank Average
11.16% 11.51%

Gates Banking and Trust Company has a Capitalization of 11.16% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Gates Banking and Trust Company Balance Sheet Analysis

As of March 31, 2021, Gates Banking and Trust Company had assets of $54,384,000, loans of $14,003,000, and deposits of $47,859,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 1.37 million
Interest-bearing balances $ 0.03 million
Total securities $ 34.28 million
Federal funds sold and reverse repurchase $ 1.99 million
Net loans and leases $ 14.00 million
Loan loss allowance $ 0.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.62 million
     Total Assets $ 48.31 million
LIABILITIES
Total deposits $ 47.86 million
      Interest-bearing deposits $ 40.44 million
      Deposits held in domestic offices $ 47.86 million
      % insured (estimated) 72.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.46 million
      Total Liabilities $ 48.31 million
      Shareholders’ Equity $ 6.07 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.34 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.01 million
Total non interest expense $ 0.23 million
Pre-tax Net Operating Income $ 0.09 million

Bank Loan Profile?

The top three loan types in Gates Banking and Trust Company’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Tennessee, Gates Banking and Trust Company has a significantly higher percent of Commercial and Industrial Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.54
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.41
Small Business Loans 0.00
Construction and Development Loans 7.28
Commercial Real Estate 15.60
Commercial and Industrial Loans 27.39
Farm Loans 6.22

Frequently Asked Questions About Gates Banking And Trust Company

Branches and Savings

Is Gates Banking And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #10306.

Why does Gates Banking And Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Gates Banking And Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Gates Banking And Trust Company a commercial bank?

Yes

Where are Gates Banking And Trust Company locations?

See branch locations nearby.

Is Gates Banking And Trust Company open on Saturdays?

Is Gates Banking And Trust Company open on Sundays?

What time does Gates Banking And Trust Company open?

What time does Gates Banking And Trust Company close?

Are Gates Banking And Trust Company ATMs Open 24/7?

Do Gates Banking And Trust Company ATMs accept cash deposits?

Can Gates Banking And Trust Company customers use other ATMs?

Do Gates Banking And Trust Company branches have notaries?

Will Gates Banking And Trust Company notarize my document?

What address for Gates Banking And Trust Company should I put for incoming ACH transfers?

Will the Gates Banking And Trust Company branch print checks?

Do Gates Banking And Trust Company checks expire?

Does Gates Banking And Trust Company require US citizenship to open account?

Can Gates Banking And Trust Company close my account?

Does Gates Banking And Trust Company Report to credit bureaus?

Does Gates Banking And Trust Company Use Equifax?

What is Gates Banking And Trust Company's ACH Routing Number?

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Products

Does Gates Banking And Trust Company offer mortgages?

Compare mortgage rates here.

Does Gates Banking And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gates Banking And Trust Company offer personal loans?

Compare personal loan rates here.

Does Gates Banking And Trust Company offer student loans?

Will Gates Banking And Trust Company cash a check?

Will Gates Banking And Trust Company redeem a savings bond?

Does Gates Banking And Trust Company cash savings bonds?

Will Gates Banking And Trust Company cash money orders?

Can Gates Banking And Trust Company issue a money order?

Does Gates Banking And Trust Company do currency exchange?

Background on The Bank

Who owns Gates Banking And Trust Company?

How long has Gates Banking And Trust Company been around?

Can Gates Banking And Trust Company transfer to other banks?

Does Gates Banking And Trust Company have quick pay?

Does Gates Banking And Trust Company accept rolled coins?

Will Gates Banking And Trust Company accept loose change?

Where is Gates Banking And Trust Company headquarters?

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