Gateway Bank in Mendota Heights, Minnesota (MN)
| Gateway Bank | |
|---|---|
| General | FDIC Certificate #: 57644 Status: Active Federal Reserve ID: 3223417 Bank Holding Company (Regulatory Top Holder): Gateway Bancorporation, Inc. (RSSDID: 3223396, Location: Mendota Heights, MN) Date Established: January 20, 2004 WWW: http://www.gateway-banking.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 419003 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 20, 2004 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 745 Market Street, Mendota Heights, MN 55118 County: Dakota Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $95.1 mil Equity capital: $9.5 mil Deposits held in domestic offices: $77.0 mil Return on assets (ROA): 1.80% ($1.7 mil) Quarterly return on assets: 1.48% ($1.4 mil) Return on Equity (ROE): 19.01% ($1.9 mil) Quarterly return on equity: 15.07% ($1.5 mil) Net income: $1.7 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.83% ($1,739.6 mil) Quarterly Pretax return on assets: 1.60% ($1,520.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $95,059 |
| Cash and due from depository institutions | $15,883 |
| Interest-bearing balances | $13,043 |
| Securities | $3,188 |
| Federal funds sold & reverse repurchase agreements | $505 |
| Net loans & leases | $74,221 |
| Loan loss allowance | $1,068 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $259 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,003 |
| Life insurance assets | $95,059 |
| Total liabilities and capital | $85,543 |
| Total liabilities | $76,983 |
| Total deposits | $60,213 |
| Interest-bearing deposits | $76,983 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $8,250 |
| Other borrowed funds | $0 |
| Subordinated debt | $310 |
| All other liabilities | $9,516 |
| Total equity capital | $9,516 |
| Total bank equity capital | $9,516 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $7,200 |
| Undivided profits | $2,216 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $771 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $255 |
| Average Assets, year-to-date | $90,957 |
| Average Assets, quarterly | $957 |
| Volatile liabilities | $94,976 |
| Insider loans | $94,816 |
| FHLB advances | $76,918 |
| Loans and leases held for sale | $94,864 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $9,513 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $15,212 |
| Derivatives | $290 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,613 |
| Total interest expense | $615 |
| Net interest income | $3,998 |
| Provision for loan and lease losses | $155 |
| Total noninterest income | $301 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $176 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $125 |
| Total noninterest expense | $2,403 |
| Salaries and employee benefits | $1,346 |
| Premises and equipment expense | $351 |
| Additional noninterest expense | $706 |
| Pre-tax net operating income | $1,741 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $29 |
| Income before extraordinary items | $1,712 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,712 |
| Net charge-offs | $0 |
| Cash dividends | $1,712 |
| Sale, conversion, retirement of capital stock, net | $201 |
| Net operating income | $798 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.08% |
| Cost of funding earning assets | 0.68% |
| Net interest margin | 4.40% |
| Noninterest income to earning assets | 0.33% |
| Noninterest expense to earning assets | 2.65% |
| Net operating income to assets | 1.80% |
| Return on assets (ROA) | 1.80% |
| Pretax return on assets | 1.83% |
| Return on equity (ROE) | 19.01% |
| Retained earnings to average equity (YTD only) | 10.15% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 77.11% |
| Efficiency ratio | 9.43% |
| Assets per employee | $55,897 |
| Cash dividends to net income (YTD only) | 5.28% |
| Condition Ratios (%) | |
| Loss allowance to loans | 46.61% |
| Loss allowance to noncurrent loans | 1.42% |
| Noncurrent assets plus other real estate owned to assets | 138.52% |
| Noncurrent loans to loans | 0.81% |
| Net loans and leases to deposits | 1.02% |
| Net loans and leases to core deposits | 96.41% |
| Equity capital to assets | 104.20% |
| Core capital (leverage) ratio | 10.01% |
| Tier 1 risk-based capital ratio | 10.03% |
| Total risk-based capital ratio | 12.37% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $94,976 |
| Average equity | $9,004 |
| Average loans | $90,776 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 419003 | Gateway Bank | 745 Market Street, Mendota Heights, MN 55118 | January 20, 2004 | Full Service Brick and Mortar |  |
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