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Gateway Bank of Central Florida

Ocala, FL · Cert 58506

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 Central Florida

Ocala, FL · Cert 58506

FDIC · 3 branches

Q1 2017

$276.6MAssets
$201.5MLoans
$226.5MDeposits
$24.9MEquity
Loan mix
84%RE $126.6M15%C&I $23.0M1%Consumer $1.9MQ1 2016Q1 2017
Deposit mix
61%Interest-bearing $138.0M39%Noninterest $88.5MQ1 2016Q1 2017

NIM

3.98%Q1 ’153.51%Q1 ’163.61%Q1 ’17-11%+5%

Non-interest income vs. expense

2.83%Q1 ’152.28%Q1 ’162.13%Q1 ’17-18%0%

Market Position · Ocala, FL · 2016 SOD (annual) · 2.5% share · #8 of 21 inst. · $0.1B of $5.7B

2.5% Marion
2.2% Alachua

Executive Summary

  • Earnings: ROA of 0.89%, up 20 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.29% of loans (+29 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.97%, up 58 bps from a year ago.
  • Funding: loans stand at 88.96% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.89%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+15 bps YoY

Efficiency Ratio (YTD, annualized)

62.59%-453 bps YoY

Tier 1 Leverage Ratio

8.97%+58 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.69%0.81%0.84%0.93%0.89%+20 bps
Return on Equity8.08%9.46%9.80%10.82%10.13%+205 bps
Net Interest Margin3.17%3.22%3.25%3.23%3.33%+15 bps
Efficiency Ratio67.12%66.45%65.34%62.45%62.59%-453 bps
Non-Interest Burden2.06%2.06%2.03%1.90%2.05%0 bps
Growth
Asset Growth (YoY)24.87%26.23%17.85%6.16%1.74%-2,314 bps
Loan Growth (YoY)19.88%22.63%18.43%11.11%10.15%-972 bps
Deposit Growth (YoY)30.44%30.43%16.74%3.56%-1.56%-3,200 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.29%+29 bps
Net Charge-Offs / Loans0.18%0.24%0.09%0.11%0.00%-19 bps
Allowance / Loans1.18%1.15%1.20%1.10%1.10%-8 bps
Allowance Coverage of NPLsn/an/an/an/a3.8xn/an/a
Capital
Tier 1 Leverage Ratio8.40%8.42%8.61%8.79%8.97%+58 bps
Total Risk-Based Capital12.35%12.15%12.40%12.35%12.59%+24 bps
Equity / Assets8.56%8.62%8.66%8.66%9.01%+45 bps
Liquidity & Funding
Loans / Deposits79.50%81.26%84.05%87.10%88.96%+946 bps
Liquid Assets / Assets4.51%4.42%5.09%5.20%4.40%-11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a