Gateway Community Bank

5206 Elevator Road
Roscoe, IL 61073

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57275
Date Established 2002
Assets $0.09 billion
Loans $0.07 billion
Deposits $0.07 billion
Capital $0.01 billion

Gateway Community Bank is an FDIC insured institution located in Roscoe, IL. It was founded in 2002 and has approximately $0.09 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - August 24, 2019

Your Current Location: Washington, WA 98101

There are currently no rates available for Gateway Community Bank, but see these great savings and CD rates:

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Loan Rates - August 24, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Gateway Community Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
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Branches

Gateway Community 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:
Seattle,Washington


Gateway Community Bank Locations


Financial Details

Gateway Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway Community 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 Community Bank U.S. Bank Average
2.57% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Gateway Community Bank had $39,000 in non-current loans and $227,000 in owned real estate. To cover these potential losses it had $9,896,000 in equity and $458,000 in loans loss reserves. That gives it a Texas Ratio of 2.57%.

Return on Equity
Gateway Community Bank U.S. Bank Average
4.25% 9.47%

Gateway Community Bank has a Return on Equity of 4.25% versus the BestCashCow average of 9.47%. 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 Community Bank U.S. Bank Average
11.14% 12.49%

Gateway Community Bank has a Capitalization of 11.14% versus the BestCashCow average of 12.49. 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 Community Bank Balance Sheet Analysis

As of March 31, 2019, Gateway Community Bank had assets of $89,922,000, loans of $69,389,000, and deposits of $67,757,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.08 billion
LIABILITIES
Total deposits $0.07 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.07 billion
      % insured (estimated) 77.59%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.08 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Bank Loan Profile?

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

Compared to other banks, Gateway Community 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 23.54
Multifamily
Mortgages
1.10
Credit Card Loans 0.00
Consumer Auto Loans 2.21
Small Business Loans 0.00
Construction and Development Loans 6.11
Commercial Real Estate 29.38
Commercial and Industrial Loans 19.00
Farm Loans 7.16

Frequently Asked Questions About Gateway Community Bank

Branches and Savings

Is Gateway Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57275.

Why does Gateway Community 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 Community Bank CD rates not competitive?

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

Is Gateway Community Bank a commercial bank?

Yes

Where are Gateway Community Bank locations?

See branch locations nearby.

Is Gateway Community Bank open on Saturdays?

Is Gateway Community Bank open on Sundays?

What time does Gateway Community Bank open?

What time does Gateway Community Bank close?

Are Gateway Community Bank ATMs Open 24/7?

Do Gateway Community Bank ATMs accept cash deposits?

Can Gateway Community Bank customers use other ATMs?

Do Gateway Community Bank branches have notaries?

Will Gateway Community Bank notarize my document?

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

Will the Gateway Community Bank branch print checks?

Do Gateway Community Bank checks expire?

Does Gateway Community Bank require US citizenship to open account?

Can Gateway Community Bank close my account?

Does Gateway Community Bank Report to credit bureaus?

Does Gateway Community Bank Use Equifax?

What is Gateway Community Bank's ACH Routing Number?

What is Gateway Community Bank's SWIFT code?

Products

Does Gateway Community Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Gateway Community Bank offer personal loans?

Compare personal loan rates here.

Does Gateway Community Bank offer student loans?

Will Gateway Community Bank cash a check?

Will Gateway Community Bank redeem a savings bond?

Does Gateway Community Bank cash savings bonds?

Will Gateway Community Bank cash money orders?

Can Gateway Community Bank issue a money order?

Does Gateway Community Bank do currency exchange?

Background on The Bank

Who owns Gateway Community Bank?

How long has Gateway Community Bank been around?

Can Gateway Community Bank transfer to other banks?

Does Gateway Community Bank have quick pay?

Does Gateway Community Bank accept rolled coins?

Will Gateway Community Bank accept loose change?

Where is Gateway Community Bank headquarters?

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