Gateway First Bank
Headquarters
244 S Gateway Pl
Jenks, OK 74037
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Phone 1-800-329-3317
2024 Overview
General Bank Information
Gateway First Bank is an FDIC insured institution located in Jenks, OK. It was founded in 1935 and has approximately $2.11 billion in assets. Customers can open an account at one of its 7 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 15118 |
| Date Established | 1935 |
| Assets | $ 2.11 billion |
| Loans | $ 1,498.52 million |
| Deposits | $ 1,065.43 million |
| Capital | $ 271.42 million |
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 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
2.50% | $10 | - |
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|
|
Money Market
|
3.00% | $0 | $24,999 |
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|
|
Money Market
|
3.50% | $25,000 | - |
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|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
1.00% | $500 | $24,999 |
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|
| 7 Mo CD 25K
|
5.25% | $500 | - |
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|
| 12 Mo CD
|
1.25% | $500 | $24,999 |
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|
| 13 Mo CD 25K
|
5.00% | $500 | - |
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|
| 24 Mo CD
|
1.55% | $500 | $24,999 |
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|
| 36 Mo CD
|
1.70% | $500 | $24,999 |
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|
| 48 Mo CD
|
1.90% | $500 | $24,999 |
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|
| 60 Mo CD
|
2.05% | $500 | $24,999 |
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|
Online Only Savings Rates of Gateway First Bank
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
2.50% | $0 | - |
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|
Online Only CD Rates of Gateway First Bank
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month Online CD
|
3.45% | $500 | - |
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|
| 7-Month CD Special
|
5.00% | $500 | - |
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|
| 12 Month Online CD
|
1.25% | $500 | - |
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|
| 13-Month CD Special
|
4.75% | $500 | - |
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|
| 24 Month Online CD
|
1.55% | $500 | - |
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|
| 36 Month Online CD
|
1.70% | $500 | - |
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|
| 48 Month Online CD
|
1.90% | $25,000 | - |
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|
Bank Online Offers
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Gateway First Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% |
6.750% 0.38 points $1,203 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
7.004% |
6.875% 0.63 points $4,192 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to 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:
Columbus,Ohio
Climate Policy and Initiatives
Gateway First 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 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 |
|---|---|
| 60.96% | 3.96% |
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 December 31, 2024, Gateway First Bank had $175,191,000 in non-current loans and $966,000 in owned real estate. To cover these potential losses it had $271,418,000 in equity and $17,573,000 in loans loss reserves. That gives it a Texas Ratio of 60.96%.
Return on Equity
| Gateway First Bank | U.S. Bank Average |
|---|---|
| -3.67% | 12.20% |
Gateway First Bank has a Return on Equity of -3.67% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 12.84% | 10.76% |
Gateway First Bank has a Capitalization of 12.84% versus the BestCashCow average of 10.76. 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 December 31, 2023, Gateway First Bank had assets of $2,113,468,000, loans of $1,498,517,000, and deposits of $1,065,432,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 231.35 million |
| Interest-bearing balances | $ 223.79 million |
| Total securities | $ 91.73 million |
| Federal funds sold and reverse repurchase | $ 0.16 million |
| Net loans and leases | $ 1,498.52 million |
| Loan loss allowance | $ 17.57 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.97 million |
| Goodwill and other intangibles | $ 149.82 million |
| All other assets | $ 90.08 million |
| Total Assets | $ 1,842.05 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,065.43 million |
| Interest-bearing deposits | $ 762.49 million |
| Deposits held in domestic offices | $ 1,065.43 million |
| % insured (estimated) | 76.58% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 470.03 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 146.81 million |
| Total Liabilities | $ 1,842.05 million |
| Shareholders’ Equity | $ 271.42 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 94.32 million |
| Total Interest Expense | $ 45.40 million |
| Net interest income | $ 48.92 million |
| Provision for loan and lease losses | $ 2.60 million |
| Total non interest income | $ 90.32 million |
| Total non interest expense | $ 150.36 million |
| Pre-tax Net Operating Income | $ 13.72 million |
Bank Loan Profile?
The top three loan types in Gateway First Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.
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 | 52.45 | ✓ | ||
| Multifamily Mortgages |
0.11 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.03 | ✓ | ||
| Small Business Loans | 0.93 | ✓ | ||
| Construction and Development Loans | 13.97 | ✓ | ||
| Commercial Real Estate | 8.88 | ✓ | ||
| Commercial and Industrial Loans | 5.16 | ✓ | ||
| Farm Loans | 0.59 | ✓ | ||
*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.
Customer Reviews for Gateway First Bank
JohnC
October 11, 2020
You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pages of documentation and even this page of customer reviews.
I dealt with three of the bank's employees who were aware of the existence of this material and, after ten hours of filling in forms and submitting data to Guardian First I was told that the bank was not responsible for the material on these pages and that all this material was a responsility of BestCashCow. The bank would not honor the CD rate that appeared in two (or more) places on these pages.
While this may sound like the old "bait and switch" fraud - you see an ad for something you dearly want at a very good price but after you drive 20 miles to pick up the product you are told that price results from a mistake - I am not accusing Guardian of Bait and Switch. I am saying that a responsible bank should monitor and correct what they know others are saying about it and in my opinion Guardian is not a very responsible bank. In my opinion there are many more responsible banks and you should think twice of dealing with Guardian.
I am thinking of submitting a negative yelp on Guardian.
Is this review helpful? Yes:3 / No: 0
rob2900
May 11, 2020 |
Online transfer limit is $2000 per transfer. If you have a lot of money to move in or out, don't use this bank.
Is this review helpful? Yes:9 / No: 0
Jayson B
March 26, 2020 |
Easy! Great rate!
Is this review helpful? Yes:2 / No: 4
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