Gateway Business Bank

Headquarters

18000 Studebaker Road, Suite 550
Cerritos, CA 90703
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 Business Bank is an FDIC insured institution located in Cerritos, CA. It was founded in 1997 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34250
Date Established 1997
Assets $ 181.44 million
Loans $ 125.01 million
Deposits $ 151.03 million
Capital $ 22.95 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gateway Business Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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

Branches

Gateway Business 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:
Fairfield,Connecticut


Gateway Business Bank Locations


Financial Details

Gateway Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Business 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 Business Bank U.S. Bank Average
27.54% 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 Business Bank had $6,299,000 in non-current loans and $805,000 in owned real estate. To cover these potential losses it had $22,946,000 in equity and $2,852,000 in loans loss reserves. That gives it a Texas Ratio of 27.54%.

Return on Equity
Gateway Business Bank U.S. Bank Average
12.72% 7.80%

Gateway Business Bank has a Return on Equity of 12.72% 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 Business Bank U.S. Bank Average
12.65% 12.68%

Gateway Business Bank has a Capitalization of 12.65% 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 Business Bank Balance Sheet Analysis

As of June 30, 2012, Gateway Business Bank had assets of $181,440,000, loans of $125,008,000, and deposits of $151,025,000. 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 $ 125.01 million
Loan loss allowance $ 2.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.81 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 151.03 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 $ 181.44 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 Business Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Gateway Business Bank’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 Business Bank

Branches and Savings

Is Gateway Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34250.

Why does Gateway Business 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 Business Bank CD rates not competitive?

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

Is Gateway Business Bank a commercial bank?

Yes

Where are Gateway Business Bank locations?

See branch locations nearby.

Is Gateway Business Bank open on Saturdays?

Is Gateway Business Bank open on Sundays?

What time does Gateway Business Bank open?

What time does Gateway Business Bank close?

Are Gateway Business Bank ATMs Open 24/7?

Do Gateway Business Bank ATMs accept cash deposits?

Can Gateway Business Bank customers use other ATMs?

Do Gateway Business Bank branches have notaries?

Will Gateway Business Bank notarize my document?

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

Will the Gateway Business Bank branch print checks?

Do Gateway Business Bank checks expire?

Does Gateway Business Bank require US citizenship to open account?

Can Gateway Business Bank close my account?

Does Gateway Business Bank Report to credit bureaus?

Does Gateway Business Bank Use Equifax?

What is Gateway Business Bank's ACH Routing Number?

What is Gateway Business Bank's SWIFT code?

Products

Does Gateway Business Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Gateway Business Bank offer personal loans?

Compare personal loan rates here.

Does Gateway Business Bank offer student loans?

Will Gateway Business Bank cash a check?

Will Gateway Business Bank redeem a savings bond?

Does Gateway Business Bank cash savings bonds?

Will Gateway Business Bank cash money orders?

Can Gateway Business Bank issue a money order?

Does Gateway Business Bank do currency exchange?

Background on The Bank

Who owns Gateway Business Bank?

How long has Gateway Business Bank been around?

Can Gateway Business Bank transfer to other banks?

Does Gateway Business Bank have quick pay?

Does Gateway Business Bank accept rolled coins?

Will Gateway Business Bank accept loose change?

Where is Gateway Business Bank headquarters?

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