Gateway First Bank

Headquarters

244 South Gateway Place
Jenks, OK 74037
See all branch locations →

Phone 1-800-329-3317

Gateway First Bank
Notable Rates APY Vs.Others
Savings 0.55% 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Gateway First Bank is an FDIC insured institution located in Jenks, OK. It was founded in 1935 and has approximately $1.99 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15118
Date Established 1935
Assets $ 1,990.62 million
Loans $ 1,476.34 million
Deposits $ 973.55 million
Capital $ 323.60 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 - December 3, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
High-Yield Savings
0.55% $10 - Learn More


Online Only CD Rates of Gateway First Bank

Online CD Rates APY MIN MAX
6 Month Online CD
0.35% $25,000 - Learn More
24 Month Online CD
0.70% $25,000 - Learn More
36 Month Online CD
0.75% $25,000 - Learn More
48 Month Online CD
0.80% $25,000 - Learn More

Bank Online Offers

 

Loan Rates - December 3, 2021

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CIT Bank
NMLS ID: 541760
3.075% 3.000%
1.00 points
$2,420 fees
$1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$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:
Ashburn,Virginia


Gateway First Bank Locations



Climate 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.

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
115.31% 4.78%

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 June 30, 2021, Gateway First Bank had $379,490,000 in non-current loans and $234,000 in owned real estate. To cover these potential losses it had $323,604,000 in equity and $5,710,000 in loans loss reserves. That gives it a Texas Ratio of 115.31%.

Return on Equity
Gateway First Bank U.S. Bank Average
36.05% 11.29%

Gateway First Bank has a Return on Equity of 36.05% versus the BestCashCow average of 11.29%. 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
16.26% 11.72%

Gateway First Bank has a Capitalization of 16.26% versus the BestCashCow average of 11.72. 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 June 30, 2021, Gateway First Bank had assets of $1,990,624,000, loans of $1,476,338,000, and deposits of $973,553,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 216.96 million
Interest-bearing balances $ 200.88 million
Total securities $ 51.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,476.34 million
Loan loss allowance $ 5.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles $ 142.68 million
All other assets $ 92.27 million
     Total Assets $ 1,667.02 million
LIABILITIES
Total deposits $ 973.55 million
      Interest-bearing deposits $ 624.47 million
      Deposits held in domestic offices $ 973.55 million
      % insured (estimated) 45.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 615.60 million
Subordinated debt N.A.
All other liabilities $ 77.87 million
      Total Liabilities $ 1,667.02 million
      Shareholders’ Equity $ 323.60 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 19.68 million
Total Interest Expense $ 3.34 million
Net interest income $ 16.34 million
Provision for loan and lease losses N.A.
Total non interest income $ 159.08 million
Total non interest expense $ 102.97 million
Pre-tax Net Operating Income $ 72.45 million

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 80.13
Multifamily
Mortgages
0.01
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.49
Construction and Development Loans 6.87
Commercial Real Estate 4.92
Commercial and Industrial Loans 7.10
Farm Loans 0.35

Customer Reviews for Gateway First Bank


  • 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.

  • 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.

  • March 26, 2020 |

    Online CDs 12 Month Rates

    Easy! Great rate!

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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.