Gateway First Bank

244 South Gateway Place
Jenks, OK 74037

Phone 1-800-329-3317

Gateway First Bank
Notable Rates APY Vs.Others
Savings 1.75% 1.90% →
1-Year CD N.A. 1.90% →
2-Year CD N.A. 1.95% →
5-Year CD N.A. 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Gateway First Bank is an FDIC insured institution located in Jenks, OK. It was founded in 1935 and has approximately $1.5 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15118
Date Established 1935
Assets $1.48 billion
Loans $1.03 billion
Deposits $0.66 billion
Capital $0.20 billion
 

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

Deposit Rates - April 6, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
Online 6-Month CD
1.20% $25,000 - Learn MoreShow Less

Online Only CD Rates of Gateway First Bank

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Bank Online Offers


Loan Rates - April 6, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gateway First Bank

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Branches

Gateway First 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 First Bank Locations


Financial Details

Gateway First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gateway First 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 First Bank U.S. Bank Average
53.92% 6.70%

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 September 30, 2019, Gateway First Bank had $110,337,000 in non-current loans and $281,000 in owned real estate. To cover these potential losses it had $204,571,000 in equity and $591,000 in loans loss reserves. That gives it a Texas Ratio of 53.92%.

Return on Equity
Gateway First Bank U.S. Bank Average
19.19% 9.72%

Gateway First Bank has a Return on Equity of 19.19% versus the BestCashCow average of 9.72%. 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 First Bank U.S. Bank Average
13.85% 12.89%

Gateway First Bank has a Capitalization of 13.85% versus the BestCashCow average of 12.89. 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 First Bank Balance Sheet Analysis

As of September 30, 2019, Gateway First Bank had assets of $1,498,327,000, loans of $1,028,454,000, and deposits of $659,336,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.15 billion
Interest-bearing balances $0.14 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.03 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 $0.15 billion
All other assets $0.09 billion
     Total Assets $1.27 billion
LIABILITIES
Total deposits $0.66 billion
      Interest-bearing deposits $0.25 billion
      Deposits held in domestic offices $0.66 billion
      % insured (estimated) 30.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.54 billion
Subordinated debt $0.00 billion
All other liabilities $0.08 billion
      Total Liabilities $1.27 billion
      Shareholders’ Equity $0.20 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.09 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in Gateway First Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Oklahoma, Gateway First Bank has a significantly higher percent of 1-4 Family Residential 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 78.09
Multifamily
Mortgages
0.09
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 0.99
Construction and Development Loans 5.60
Commercial Real Estate 3.04
Commercial and Industrial Loans 8.47
Farm Loans 1.46

Frequently Asked Questions About Gateway First Bank

Branches and Savings

Is Gateway First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15118.

Why does Gateway First 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 First Bank CD rates not competitive?

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

Is Gateway First Bank a commercial bank?

Yes

Where are Gateway First Bank locations?

See branch locations nearby.

Is Gateway First Bank open on Saturdays?

Is Gateway First Bank open on Sundays?

What time does Gateway First Bank open?

What time does Gateway First Bank close?

Are Gateway First Bank ATMs Open 24/7?

Do Gateway First Bank ATMs accept cash deposits?

Can Gateway First Bank customers use other ATMs?

Do Gateway First Bank branches have notaries?

Will Gateway First Bank notarize my document?

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

Will the Gateway First Bank branch print checks?

Do Gateway First Bank checks expire?

Does Gateway First Bank require US citizenship to open account?

Can Gateway First Bank close my account?

Does Gateway First Bank Report to credit bureaus?

Does Gateway First Bank Use Equifax?

What is Gateway First Bank's ACH Routing Number?

What is Gateway First Bank's SWIFT code?

Products

Does Gateway First Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Gateway First Bank offer personal loans?

Compare personal loan rates here.

Does Gateway First Bank offer student loans?

Will Gateway First Bank cash a check?

Will Gateway First Bank redeem a savings bond?

Does Gateway First Bank cash savings bonds?

Will Gateway First Bank cash money orders?

Can Gateway First Bank issue a money order?

Does Gateway First Bank do currency exchange?

Background on The Bank

Who owns Gateway First Bank?

How long has Gateway First Bank been around?

Can Gateway First Bank transfer to other banks?

Does Gateway First Bank have quick pay?

Does Gateway First Bank accept rolled coins?

Will Gateway First Bank accept loose change?

Where is Gateway First Bank headquarters?

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*Should any logos, images or public notes appear on this page,they do so courtesy of Gateway First Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.dd