Gateway Commercial Bank

Headquarters

6860 E Warner Rd
Mesa, AZ 85212
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Gateway Commercial Bank is an FDIC insured institution located in Mesa, AZ. It was founded in 2007 and has approximately $0.2 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58678
Date Established 2007
Assets $ 198.62 million
Loans $ 116.03 million
Deposits $ 161.61 million
Capital $ 19.96 million
 

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

Deposit Rates - July 19, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - July 19, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Gateway Commercial 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 2024

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6.644% 6.500%
0.50 points
$4,803 fees
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6.711% 6.625%
0.63 points
$2,850 fees
$2,049 Learn More
Rocket Mortgage
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7.076% 6.990%
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Neighbors Bank
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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Gateway Commercial Bank
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Branches

Gateway Commercial 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 Commercial Bank Locations around zip code 20146


BranchDistance Map View Lobby Hours

Gateway Commercial Bank

1854.60 A View Lobby Hours


Climate Policy and Initiatives

Gateway Commercial Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Gateway Commercial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Commercial 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 Commercial Bank U.S. Bank Average
0% 4.29%

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, 2024, Gateway Commercial Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,957,000 in equity and $1,255,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Gateway Commercial Bank U.S. Bank Average
7.24% 10.46%

Gateway Commercial Bank has a Return on Equity of 7.24% versus the BestCashCow average of 10.46%. 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 Commercial Bank U.S. Bank Average
10.05% 10.73%

Gateway Commercial Bank has a Capitalization of 10.05% versus the BestCashCow average of 10.73. 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 Commercial Bank Balance Sheet Analysis

As of March 31, 2024, Gateway Commercial Bank had assets of $198,623,000, loans of $116,032,000, and deposits of $161,609,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 7.67 million
Interest-bearing balances $ 5.65 million
Total securities $ 65.33 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 116.03 million
Loan loss allowance $ 1.26 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 $ 5.02 million
     Total Assets $ 178.67 million
LIABILITIES
Total deposits $ 161.61 million
      Interest-bearing deposits $ 106.88 million
      Deposits held in domestic offices $ 161.61 million
      % insured (estimated) 60.26%
Federal funds purchased and repurchase agreements $ 8.56 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.42 million
      Total Liabilities $ 178.67 million
      Shareholders’ Equity $ 19.96 million

Summary Income Statement

March 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 2.20 million
Total Interest Expense $ 0.92 million
Net interest income $ 1.28 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.89 million
Pre-tax Net Operating Income $ 1.63 million

Bank Loan Profile?

The top three loan types in Gateway Commercial Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Arizona, Gateway Commercial Bank has a significantly higher percent of Construction and Development 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 5.87
Multifamily
Mortgages
1.72
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 11.74
Commercial Real Estate 50.15
Commercial and Industrial Loans 26.47
Farm Loans 0.00

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