Gateway Bank & Trust

Headquarters

5102 Alabama Highway
Ringgold, GA 30736
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 & Trust is an FDIC insured institution located in Ringgold, GA. It was founded in 1997 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34239
Date Established 1997
Assets $ 249.03 million
Loans $ 139.46 million
Deposits $ 217.14 million
Capital $ 23.95 million
 

For a more detailed analysis of Gateway Bank & Trust'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 & Trust

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
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $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 & Trust
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Branches

Gateway Bank & Trust 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 & Trust Locations


Financial Details

Gateway Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Bank & Trust. 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 & Trust U.S. Bank Average
31.02% 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 & Trust had $3,533,000 in non-current loans and $4,155,000 in owned real estate. To cover these potential losses it had $23,949,000 in equity and $837,000 in loans loss reserves. That gives it a Texas Ratio of 31.02%.

Return on Equity
Gateway Bank & Trust U.S. Bank Average
4.77% 7.80%

Gateway Bank & Trust has a Return on Equity of 4.77% 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 & Trust U.S. Bank Average
9.62% 12.68%

Gateway Bank & Trust has a Capitalization of 9.62% 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 & Trust Balance Sheet Analysis

As of June 30, 2012, Gateway Bank & Trust had assets of $249,029,000, loans of $139,463,000, and deposits of $217,136,000. 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 $ 139.46 million
Loan loss allowance $ 0.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.16 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 217.14 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 $ 249.03 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 & Trust’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Gateway Bank & Trust’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Gateway Bank & Trust

Branches and Savings

Is Gateway Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #34239.

Why does Gateway Bank & Trust 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 & Trust CD rates not competitive?

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

Is Gateway Bank & Trust a commercial bank?

Yes

Where are Gateway Bank & Trust locations?

See branch locations nearby.

Is Gateway Bank & Trust open on Saturdays?

Is Gateway Bank & Trust open on Sundays?

What time does Gateway Bank & Trust open?

What time does Gateway Bank & Trust close?

Are Gateway Bank & Trust ATMs Open 24/7?

Do Gateway Bank & Trust ATMs accept cash deposits?

Can Gateway Bank & Trust customers use other ATMs?

Do Gateway Bank & Trust branches have notaries?

Will Gateway Bank & Trust notarize my document?

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

Will the Gateway Bank & Trust branch print checks?

Do Gateway Bank & Trust checks expire?

Does Gateway Bank & Trust require US citizenship to open account?

Can Gateway Bank & Trust close my account?

Does Gateway Bank & Trust Report to credit bureaus?

Does Gateway Bank & Trust Use Equifax?

What is Gateway Bank & Trust's ACH Routing Number?

What is Gateway Bank & Trust's SWIFT code?

Products

Does Gateway Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Gateway Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Gateway Bank & Trust offer student loans?

Will Gateway Bank & Trust cash a check?

Will Gateway Bank & Trust redeem a savings bond?

Does Gateway Bank & Trust cash savings bonds?

Will Gateway Bank & Trust cash money orders?

Can Gateway Bank & Trust issue a money order?

Does Gateway Bank & Trust do currency exchange?

Background on The Bank

Who owns Gateway Bank & Trust?

How long has Gateway Bank & Trust been around?

Can Gateway Bank & Trust transfer to other banks?

Does Gateway Bank & Trust have quick pay?

Does Gateway Bank & Trust accept rolled coins?

Will Gateway Bank & Trust accept loose change?

Where is Gateway Bank & Trust headquarters?

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