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 N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

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 $1.71 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15118
Date Established 1935
Assets $ 1,498.33 million
Loans $ 1,041.52 million
Deposits $ 630.84 million
Capital $ 206.78 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 - July 9, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Online 6-Month CD
0.65% $25,000 - Learn More

Online Only Savings Rates of Gateway First Bank

Online Savings Rates APY MIN MAX
Online Savings Account
1.16% $100,000 - Learn More

Online Only CD Rates of Gateway First Bank

Online CD Rates APY MIN MAX
Online 1-Year CD
1.05% $25,000 - Learn More
24 Month Online CD
1.05% $25,000 - Learn More
36 Month Online CD
1.05% $25,000 - Learn More
48 Month Online CD
1.05% $25,000 - Learn More
5-Year Online CD
1.05% $25,000 - Learn More

Bank Online Offers


Loan Rates - July 9, 2020

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 2020

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Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
2.716% 2.625% 0.75 $2,997 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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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


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
62.56% 6.51%

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, 2019, Gateway First Bank had $129,386,000 in non-current loans and $792,000 in owned real estate. To cover these potential losses it had $206,777,000 in equity and $1,300,000 in loans loss reserves. That gives it a Texas Ratio of 62.56%.

Return on Equity
Gateway First Bank U.S. Bank Average
-10.61% 9.41%

Gateway First Bank has a Return on Equity of -10.61% versus the BestCashCow average of 9.41%. 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
13.8% 12.82%

Gateway First Bank has a Capitalization of 13.8% versus the BestCashCow average of 12.82. 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, 2019, Gateway First Bank had assets of $1,706,335,000, loans of $1,041,519,000, and deposits of $630,842,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 149.02 million
Interest-bearing balances $ 132.34 million
Total securities $ 52.74 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,041.52 million
Loan loss allowance $ 1.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.79 million
Goodwill and other intangibles $ 136.86 million
All other assets $ 110.35 million
     Total Assets $ 1,291.55 million
LIABILITIES
Total deposits $ 630.84 million
      Interest-bearing deposits $ 321.00 million
      Deposits held in domestic offices $ 630.84 million
      % insured (estimated) 33.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 591.07 million
Subordinated debt N.A.
All other liabilities $ 69.64 million
      Total Liabilities $ 1,291.55 million
      Shareholders’ Equity $ 206.78 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 66.99 million
Total Interest Expense $ 15.28 million
Net interest income $ 51.70 million
Provision for loan and lease losses $ 0.83 million
Total non interest income $ 201.26 million
Total non interest expense $ 226.44 million
Pre-tax Net Operating Income $ 25.70 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 76.50
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 0.98
Construction and Development Loans 5.95
Commercial Real Estate 2.99
Commercial and Industrial Loans 10.11
Farm Loans 1.42

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?

Customer Reviews for Gateway First Bank


  • 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.