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Gateway Bank of Central Florida

Based on 1 review
Gateway Bank of Central Florida
Overview / Commentary
1632 East Silver Springs Boulevard
Ocala, FL 34470

Gateway Bank of Central Florida is headquartered in Ocala and is the 126th largest bank in the state of Florida. It is also the 3,227th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 38 employees at 4 locations. Gateway Bank of Central Florida has a A health rating.

Reviews (1)

Best, Most Customer-Service Oriented Bank We Have Ever Encountered

Gateway Bank of Central Florida is the best bank we have ever encountered in every way: superior customer service, consistent courtesy and friendliness, excellent website, and efficient financial operations. For that reason, we have moved all our liquid assets to Gateway, including all our IRA's. When our long-term CD's mature, we'll be moving those as well. The knowledgeable staff and the superior service make it very easy to be Gateway customers.  Thank you to Gateway...you have earned our loyalty!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Gateway Bank of Central Florida had $2.19 million in non-current loans and owned real-estate with $21.41 million in equity and loan loss allowances on hand to cover it. This gives Gateway Bank of Central Florida a Texas Ratio of 10.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Gateway Bank of Central Florida decreased dramatically from 16.22% as of March 31, 2013 to 10.24% as of March 31, 2014, resulting in a positive change of 36.85%.This indicates that the balance sheet and financial strength for Gateway Bank of Central Florida has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Gateway Bank of Central Florida has increased its total deposits by $782,000, resulting in 0.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Gateway Bank of Central Florida has shown is above average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Gateway Bank of Central Florida has $185.64 million in assets with $21.41 million in equity, resulting in a capitalization level of 11.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58506
Year Established2007
Employees38
Primary RegulatorFDIC
Assets and Liabilities
Assets$185.64 million
Loans$125.33 million
Deposits$145.49 million
Equity Capital$18.69 million
Loan Loss Allowance$2.72 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$565,000
Historic Data - March 2013
Assets$181.08 million
Equity Capital$18.21 million
Loan Loss Allowance$3.31 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$1.72 million
Profit Margin - Quarterly
Net Interest Margin3.96%
Return on Assets0.63%
Return on Equity6.22%
Interest Income$1.84 million
Rates

Sorry, we do not have rate data for Gateway Bank of Central Florida

Locations


Gateway Bank of Central Florida Locations
Alachua Branch15652 NW Highway 441Alachua, FL 32615
Gateway Bank Of Central Florida1632 East Silver Springs BoulevardOcala, FL 34470
Gainesville Branch4100 NW 37th PlaceGainesville, FL 32606