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Gateway Bank of Florida

Ormond Beach, FL · Cert 58176

FDIC · 3 branches

Q1 2017

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2017, the quarter ended March 31, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gateway Bank of Florida

Ormond Beach, FL · Cert 58176

FDIC · 3 branches

Q1 2017

$290.4MAssets
$151.8MLoans
$238.8MDeposits
$28.7MEquity
Loan mix
90%RE $84.8M9%C&I $8.2M1%Consumer $1.0MQ1 2016Q1 2017
Deposit mix
82%Interest-bearing $195.6M18%Noninterest $43.2MQ1 2016Q1 2017

NIM

3.32%Q1 ’153.29%Q1 ’163.28%Q1 ’17+6%+0%

Non-interest income vs. expense

2.58%Q1 ’152.18%Q1 ’161.87%Q1 ’17-65%-17%

Market Position · Deltona-Daytona Beach-Ormond Beach, FL · 2016 SOD (annual) · 2.3% share · #12 of 25 inst. · $0.2B of $10.4B

Executive Summary

  • Earnings: ROA of 0.74%, up 12 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 9.82%, down 123 bps from a year ago.
  • Funding: loans stand at 63.58% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.74%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.80%0 bps YoY

Efficiency Ratio (YTD, annualized)

64.66%-1,208 bps YoY

Tier 1 Leverage Ratio

9.82%-123 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.63%0.68%0.66%0.86%0.74%+12 bps
Return on Equity5.83%6.49%6.44%8.55%7.70%+187 bps
Net Interest Margin2.80%2.60%2.52%2.54%2.80%0 bps
Efficiency Ratio76.73%73.87%73.90%72.06%64.66%-1,208 bps
Non-Interest Burden2.14%1.90%1.84%1.81%1.78%-36 bps
Growth
Asset Growth (YoY)18.84%32.85%32.43%23.63%8.16%-1,068 bps
Loan Growth (YoY)15.64%38.50%29.30%23.10%20.42%+479 bps
Deposit Growth (YoY)22.61%24.72%27.88%23.44%5.52%-1,709 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.15%-1.04%-0.72%-0.05%-3 bps
Allowance / Loans1.54%1.37%2.04%1.41%1.36%-18 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.05%9.93%9.47%9.67%9.82%-123 bps
Total Risk-Based Capital18.39%16.91%16.73%16.59%16.09%-229 bps
Equity / Assets10.41%10.04%9.68%9.43%9.89%-52 bps
Liquidity & Funding
Loans / Deposits55.71%60.71%60.01%57.54%63.58%+787 bps
Liquid Assets / Assets9.96%7.50%8.33%9.08%5.30%-466 bps
CRE / Total Capitaln/an/an/an/an/an/an/a