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1950 West International Speedway Boulevard
Daytona Beach, FL 32114

Gateway Bank of Florida is headquartered in Daytona Beach and is the 92nd largest bank in the state of Florida. It is also the 2,567th largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 32 employees at 4 locations. Gateway Bank of Florida has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Florida had $501,000 in non-current loans and owned real-estate with $24.93 million in equity and loan loss allowances on hand to cover it. This gives Gateway Bank of Florida a Texas Ratio of 2.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Gateway Bank of Florida decreased slightly from 2.43% as of March 31, 2013 to 2.01% as of March 31, 2014, resulting in a positive change of 17.25%.This indicates that the balance sheet and financial strength for Gateway Bank of Florida has improved slightly in recent periods.

Deposit Growth


In the past year, Gateway Bank of Florida has increased its total deposits by $19.01 million, resulting in 9.2% 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 Florida has shown is excellent.



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 Florida has $249.16 million in assets with $24.93 million in equity, resulting in a capitalization level of 10.01%, which is above average.

Institution Statistics

FDIC Certificate #58176
Year Established2006
Primary RegulatorFDIC
Assets and Liabilities
Assets$249.16 million
Loans$78.84 million
Deposits$225.68 million
Equity Capital$22.84 million
Loan Loss Allowance$2.09 million
Unbacked Noncurrent Loans$242,000
Real Estate Owned$259,000
Historic Data - March 2013
Assets$245.39 million
Equity Capital$23.12 million
Loan Loss Allowance$2.21 million
Unbacked Noncurrent Loans$242,000
Real Estate Owned$260,000
Profit Margin - Quarterly
Net Interest Margin2.28%
Return on Assets0.5%
Return on Equity5.83%
Interest Income$2.15 million

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Gateway Bank of Florida Locations
Ormond Beach Branch112 North Nova RoadOrmond Beach, FL 32174
Gateway Bank Of Florida1950 West International Speedway BoulevardDaytona Beach, FL 32114
Port Orange Central Branch3741 South Nova RoadPort Orange, FL 32129