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Overview / Commentary
480-358-1000
6860 East Warner Road
Mesa, AZ 85212

Gateway Commercial Bank is headquartered in Mesa and is the 16st largest bank in the state of Arizona. It is also the 4,816st largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 14 employees at 1 location. Gateway Commercial Bank's money market rates are 48% higher than the national average, and it has a A health rating.

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Health

Data for Q2 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Gateway Commercial Bank has a relatively low asset base.

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 June 30, 2014 Gateway Commercial Bank had $416,000 in non-current loans and owned real-estate with $13.84 million in equity and loan loss allowances on hand to cover it. This gives Gateway Commercial Bank a Texas Ratio of 3.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Gateway Commercial Bank experienced no significant changes from 3.05% as of June 30, 2013 to 3.01% as of June 30, 2014, resulting in a positive change of 1.58%.This indicates that the balance sheet and financial strength for Gateway Commercial Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Gateway Commercial Bank has increased its total deposits by $9.64 million, resulting in 13.64% 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 Commercial Bank has shown is excellent.

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 Commercial Bank has $94.52 million in assets with $13.84 million in equity, resulting in a capitalization level of 14.64%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58678
Year Established2007
Employees14
Primary RegulatorFDIC
Assets and Liabilities
Assets$94.52 million
Loans$52.39 million
Deposits$80.28 million
Equity Capital$13.33 million
Loan Loss Allowance$509,000
Unbacked Noncurrent Loans$24,000
Real Estate Owned$392,000
Historic Data - June 2013
Assets$83.90 million
Equity Capital$12.43 million
Loan Loss Allowance$405,000
Real Estate Owned$392,000
Profit Margin - Quarterly
Return on Assets0.83%
Return on Equity5.83%
Interest Income$1.72 million
Rates
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Gateway Commercial Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Traditional Savings Account
0.20%--Business Traditional Savings Account

Gateway Commercial Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$100k-Personal Money Market
0.65%$100k-Business Money Market

Gateway Commercial Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$1k-36 Month Maximizer CD
0.80%$1k-24 Month Maximizer CD
0.50%$1k-12 Month Maximizer CD
0.40%$1k-6 Month CD
0.20%$1k-90 Day CD

Gateway Commercial Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$1k-36 Month Maximizer IRA
0.80%$1k-24 Month Maximizer IRA
0.50%$1k-12 Month Maximizer IRA
0.40%$1k-6 Month IRA
Locations


Gateway Commercial Bank Locations
Gateway Commercial Bank6860 East Warner RoadMesa, AZ 85212