PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gateway Bank & Trust Co.

Elizabeth City, NC · Cert 34861

FDIC

Q1 2009

$2.2BAssets
$1.8BLoans
$1.7BDeposits
$267.8MEquity
Loan mix
80%RE $1.3B20%C&I $0.3B0%Consumer $0.0BQ1 2008Q1 2009
Deposit mix
92%Interest-bearing $1.5B8%Noninterest $0.1BQ1 2008Q1 2009

NIM

7.01%Q1 ’076.17%Q1 ’084.92%Q1 ’09-19%+22%

Non-interest income vs. expense

3.09%Q1 ’072.77%Q1 ’082.35%Q1 ’09+12%-19%

Executive Summary

  • Earnings: ROA of 1.14%, up 64 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 111.63% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

1.14%+64 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+63 bps YoY

Efficiency Ratio (YTD, annualized)

53.42%-2,015 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.51%0.50%-2.05%-2.18%1.14%+64 bps
Return on Equity4.49%4.40%-18.67%-19.52%9.58%+509 bps
Net Interest Margin2.80%2.73%2.76%2.78%3.43%+63 bps
Efficiency Ratio73.56%72.33%72.91%79.56%53.42%-2,015 bps
Non-Interest Burden1.85%1.76%1.82%2.08%1.51%-34 bps
Growth
Asset Growth (YoY)50.96%21.78%31.46%18.93%11.30%-3,966 bps
Loan Growth (YoY)50.98%29.43%30.87%19.81%12.79%-3,819 bps
Deposit Growth (YoY)59.57%13.92%36.33%18.08%6.13%-5,345 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.11%0.13%0.57%0.02%-1 bps
Allowance / Loans1.03%1.04%1.24%2.30%2.32%+129 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 Capital10.35%11.01%11.17%10.05%10.62%+27 bps
Equity / Assets11.11%11.31%10.12%11.78%12.12%+101 bps
Liquidity & Funding
Loans / Deposits105.04%108.22%99.88%109.36%111.63%+659 bps
Liquid Assets / Assets0.14%0.03%0.02%0.01%0.00%-14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a