Gateway Bank

Headquarters

3402 Washington Road
Mc Murray, PA 15317
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Gateway Bank is an FDIC insured institution located in Mc Murray, PA. It was founded in 2004 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57615
Date Established 2004
Assets $ 127.59 million
Loans $ 95.79 million
Deposits $ 103.51 million
Capital $ 20.16 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Gateway Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Gateway Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Gateway Bank 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:
Ashburn,Virginia


Gateway Bank Locations


Financial Details

Gateway Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Bank. 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
Gateway Bank U.S. Bank Average
3.02% 6.94%

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, 2020, Gateway Bank had $608,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,164,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Return on Equity
Gateway Bank U.S. Bank Average
0.24% 7.80%

Gateway Bank has a Return on Equity of 0.24% versus the BestCashCow average of 7.80%. 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
Gateway Bank U.S. Bank Average
15.8% 12.68%

Gateway Bank has a Capitalization of 15.8% versus the BestCashCow average of 12.68. 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.

Gateway Bank Balance Sheet Analysis

As of December 31, 2012, Gateway Bank had assets of $127,591,000, loans of $95,789,000, and deposits of $103,508,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 95.79 million
Loan loss allowance N.A.
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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 103.51 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 127.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Gateway Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Pennsylvania, Gateway Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial 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 30.67
Multifamily
Mortgages
4.59
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 21.18
Construction and Development Loans 3.46
Commercial Real Estate 38.16
Commercial and Industrial Loans 22.59
Farm Loans 0.00

Frequently Asked Questions About Gateway Bank

Branches and Savings

Is Gateway Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57615.

Why does Gateway Bank pay such low interest on savings accounts?

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

Why are Gateway Bank CD rates not competitive?

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

Is Gateway Bank a commercial bank?

Yes

Where are Gateway Bank locations?

See branch locations nearby.

Is Gateway Bank open on Saturdays?

Is Gateway Bank open on Sundays?

What time does Gateway Bank open?

What time does Gateway Bank close?

Are Gateway Bank ATMs Open 24/7?

Do Gateway Bank ATMs accept cash deposits?

Can Gateway Bank customers use other ATMs?

Do Gateway Bank branches have notaries?

Will Gateway Bank notarize my document?

What address for Gateway Bank should I put for incoming ACH transfers?

Will the Gateway Bank branch print checks?

Do Gateway Bank checks expire?

Does Gateway Bank require US citizenship to open account?

Can Gateway Bank close my account?

Does Gateway Bank Report to credit bureaus?

Does Gateway Bank Use Equifax?

What is Gateway Bank's ACH Routing Number?

What is Gateway Bank's SWIFT code?

Products

Does Gateway Bank offer mortgages?

Compare mortgage rates here.

Does Gateway Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gateway Bank offer personal loans?

Compare personal loan rates here.

Does Gateway Bank offer student loans?

Will Gateway Bank cash a check?

Will Gateway Bank redeem a savings bond?

Does Gateway Bank cash savings bonds?

Will Gateway Bank cash money orders?

Can Gateway Bank issue a money order?

Does Gateway Bank do currency exchange?

Background on The Bank

Who owns Gateway Bank?

How long has Gateway Bank been around?

Can Gateway Bank transfer to other banks?

Does Gateway Bank have quick pay?

Does Gateway Bank accept rolled coins?

Will Gateway Bank accept loose change?

Where is Gateway Bank headquarters?

Customer Reviews for Gateway Bank

There are currently no comments for Gateway Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →