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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 88th largest bank in the state of Florida. It is also the 2,473rd largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 32 employees at 4 locations. Gateway Bank of Florida has a A health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Gateway Bank of Florida had $501,000 in non-current loans and owned real-estate with $22.58 million in equity and loan loss allowances on hand to cover it. This gives Gateway Bank of Florida a Texas Ratio of 2.22% 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 2.73% as of December 31, 2012 to 2.22% as of December 31, 2013, resulting in a positive change of 18.78%.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 $53.38 million, resulting in 29.14% 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 $257.79 million in assets with $22.58 million in equity, resulting in a capitalization level of 8.76%, which is average.

Institution Statistics

FDIC Certificate #58176
Year Established2006
Primary RegulatorFDIC
Assets and Liabilities
Assets$257.79 million
Loans$78.84 million
Deposits$236.55 million
Equity Capital$20.49 million
Loan Loss Allowance$2.09 million
Unbacked Noncurrent Loans$242,000
Real Estate Owned$259,000
Historic Data - December 2012
Assets$230.70 million
Equity Capital$23.53 million
Loan Loss Allowance$2.21 million
Unbacked Noncurrent Loans$242,000
Real Estate Owned$260,000
Profit Margin - Quarterly
Net Interest Margin2.58%
Return on Assets1%
Return on Equity11.54%
Interest Income$8.31 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