PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gateway American Bank of Florida

Fort Lauderdale, FL · Cert 27193

FDIC

Q2 2004

$114.1MAssets
$75.6MLoans
$87.6MDeposits
$14.0MEquity
Deposit mix
81%Interest-bearing $71.1M19%Noninterest $16.5MQ2 2003Q2 2004

NIM

6.15%Q2 ’025.55%Q2 ’035.06%Q2 ’04+9%-13%

Non-interest income vs. expense

4.05%Q2 ’024.39%Q2 ’033.47%Q2 ’04-2%-10%

Executive Summary

  • Earnings: ROA of 0.37%, down 16 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 86.33% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

0.37%-16 bps YoY

Net Interest Margin (YTD, annualized)

3.91%-58 bps YoY

Efficiency Ratio (YTD, annualized)

76.75%-36 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.53%0.50%0.57%0.72%0.37%-16 bps
Return on Equity4.40%4.11%4.74%5.87%3.05%-135 bps
Net Interest Margin4.49%4.64%4.41%4.12%3.91%-58 bps
Efficiency Ratio77.11%78.59%76.64%85.03%76.75%-36 bps
Non-Interest Burden3.40%3.62%3.36%3.59%3.05%-34 bps
Growth
Asset Growth (YoY)8.59%10.58%12.77%1.09%5.15%-344 bps
Loan Growth (YoY)20.23%14.29%21.77%-4.11%-10.55%-3,079 bps
Deposit Growth (YoY)-0.03%-1.44%-7.87%-3.79%2.28%+231 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.95%0.63%0.43%0.06%-0.02%-97 bps
Allowance / Loans1.53%1.56%1.49%1.32%1.52%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.33%10.99%10.67%11.75%12.39%+206 bps
Equity / Assets12.39%12.58%11.93%12.45%12.25%-13 bps
Liquidity & Funding
Loans / Deposits98.72%102.13%112.94%101.00%86.33%-1,239 bps
Liquid Assets / Assets0.10%0.11%0.03%0.04%0.01%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a