Gateway Bank

Gateway Bank Locations
745 Market Street
Mendota Heights, MN 55118
www.gateway-banking.com

Gateway Bank is headquartered in Mendota Heights and is the 172nd largest bank in the state of Minnesota. It is also the 4,972nd largest bank in the nation. It was established in 2004 and as of March of 2012, it had grown to 18 employees at 1 location. Gateway Bank has a 4-star health rating.

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Data for Q1 2012


Institution Statistics


Gateway Bank
FDIC Certificate #57644
BankRate ReportView
Year Established2004
Employees18
Primary RegulatorFDIC

Assets and Liabilities

Assets$98.93 million
Loans$75.63 million
Deposits$82.48 million
Equity Capital$9.78 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$771,000

Historic Data - March 2011

Assets$99.26 million
Equity Capital$8.84 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$7,000
Real Estate Owned$118,000

Profit Margin - Quarterly

Net Interest Margin4.3%
Return on Assets1.69%
Return on Equity17%
Interest Income$1.13 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
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 March 31, 2012 Gateway Bank had $771,000 in non-current loans and owned real-estate with $10.89 million in equity and loan loss allowances on hand to cover it. This gives Gateway Bank a Texas Ratio of 7.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Gateway Bank increased slightly from 1.25% as of March 31, 2011 to 7.08% as of March 31, 2012, resulting in a negative change of 464.13%. This indicates that the balance sheet and financial strength for Gateway Bank has declined slightly in recent periods.
Deposit Growth3
In the past year, Gateway Bank has decreased its total deposits by $-246,000, resulting in -0.3% 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 has shown is average.
Capitalization4
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 has $98.93 million in assets with $10.89 million in equity, resulting in a capitalization level of 11.01%, which is above average.
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