Gateway Bank of Central Florida

Headquarters

1632 East Silver Springs Boulevard
Ocala, FL 34470
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 of Central Florida is an FDIC insured institution located in Ocala, FL. It was founded in 2007 and has approximately $0.28 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58506
Date Established 2007
Assets $ 277.72 million
Loans $ 199.27 million
Deposits $ 226.50 million
Capital $ 24.91 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Gateway Bank of Central Florida

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
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 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 of Central Florida
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Gateway Bank of Central Florida 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 of Central Florida Locations


Financial Details

Gateway Bank of Central Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Bank of Central Florida. 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 of Central Florida U.S. Bank Average
2.86% 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 of Central Florida had $581,000 in non-current loans and $194,000 in owned real estate. To cover these potential losses it had $24,908,000 in equity and $2,214,000 in loans loss reserves. That gives it a Texas Ratio of 2.86%.

Return on Equity
Gateway Bank of Central Florida U.S. Bank Average
10.82% 7.80%

Gateway Bank of Central Florida has a Return on Equity of 10.82% 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 of Central Florida U.S. Bank Average
8.97% 12.68%

Gateway Bank of Central Florida has a Capitalization of 8.97% 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 of Central Florida Balance Sheet Analysis

As of March 31, 2017, Gateway Bank of Central Florida had assets of $276,559,000, loans of $199,271,000, and deposits of $226,496,000. 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 $ 199.27 million
Loan loss allowance $ 2.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 226.50 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 $ 277.72 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 of Central Florida’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Gateway Bank of Central Florida has a significantly higher percent of Small Business 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 21.88
Multifamily
Mortgages
4.89
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 23.44
Construction and Development Loans 10.42
Commercial Real Estate 43.97
Commercial and Industrial Loans 11.55
Farm Loans 0.51

Frequently Asked Questions About Gateway Bank Of Central Florida

Branches and Savings

Is Gateway Bank Of Central Florida FDIC insured?

Yes. It is covered under FDIC Certificate #58506.

Why does Gateway Bank Of Central Florida 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 Of Central Florida CD rates not competitive?

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

Is Gateway Bank Of Central Florida a commercial bank?

Yes

Where are Gateway Bank Of Central Florida locations?

See branch locations nearby.

Is Gateway Bank Of Central Florida open on Saturdays?

Is Gateway Bank Of Central Florida open on Sundays?

What time does Gateway Bank Of Central Florida open?

What time does Gateway Bank Of Central Florida close?

Are Gateway Bank Of Central Florida ATMs Open 24/7?

Do Gateway Bank Of Central Florida ATMs accept cash deposits?

Can Gateway Bank Of Central Florida customers use other ATMs?

Do Gateway Bank Of Central Florida branches have notaries?

Will Gateway Bank Of Central Florida notarize my document?

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

Will the Gateway Bank Of Central Florida branch print checks?

Do Gateway Bank Of Central Florida checks expire?

Does Gateway Bank Of Central Florida require US citizenship to open account?

Can Gateway Bank Of Central Florida close my account?

Does Gateway Bank Of Central Florida Report to credit bureaus?

Does Gateway Bank Of Central Florida Use Equifax?

What is Gateway Bank Of Central Florida's ACH Routing Number?

What is Gateway Bank Of Central Florida's SWIFT code?

Products

Does Gateway Bank Of Central Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Gateway Bank Of Central Florida offer personal loans?

Compare personal loan rates here.

Does Gateway Bank Of Central Florida offer student loans?

Will Gateway Bank Of Central Florida cash a check?

Will Gateway Bank Of Central Florida redeem a savings bond?

Does Gateway Bank Of Central Florida cash savings bonds?

Will Gateway Bank Of Central Florida cash money orders?

Can Gateway Bank Of Central Florida issue a money order?

Does Gateway Bank Of Central Florida do currency exchange?

Background on The Bank

Who owns Gateway Bank Of Central Florida?

How long has Gateway Bank Of Central Florida been around?

Can Gateway Bank Of Central Florida transfer to other banks?

Does Gateway Bank Of Central Florida have quick pay?

Does Gateway Bank Of Central Florida accept rolled coins?

Will Gateway Bank Of Central Florida accept loose change?

Where is Gateway Bank Of Central Florida headquarters?

Customer Reviews for Gateway Bank of Central Florida

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

Add Your Review

Rate it here →