PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gateway Bank of Southwest Florida

Sarasota, FL · Cert 58725

FDIC · 3 branches

Q1 2017

$309.4MAssets
$218.1MLoans
$269.4MDeposits
$27.5MEquity
Loan mix
90%RE $133.9M10%C&I $14.3M1%Consumer $0.9MQ2 2015Q1 2017
Deposit mix
71%Interest-bearing $191.9M29%Noninterest $77.5MQ2 2015Q1 2017

Market Position · North Port-Sarasota-Bradenton, FL · 2016 SOD (annual) · 1.3% share · #17 of 40 inst. · $0.3B of $19.3B

1.8% Sarasota
0.3% Manatee

Executive Summary

  • Earnings: ROA of 1.02%, up 9 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.12%, down 42 bps from a year ago.
  • Funding: loans stand at 80.95% of deposits as of Q1 2017.

Return on Assets (YTD, annualized)

1.02%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+25 bps YoY

Efficiency Ratio (YTD, annualized)

59.37%-1,403 bps YoY

Tier 1 Leverage Ratio

9.12%-42 bps YoY

NIM

3.79%Q1 ’153.74%Q1 ’163.84%Q1 ’17-2%+8%

Non-interest income vs. expense

2.91%Q1 ’152.60%Q1 ’162.39%Q1 ’17+5%-20%

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.85%0.80%0.82%0.93%0.84%0.85%0.89%1.02%+9 bps
Return on Equity8.78%8.36%8.63%10.14%9.31%9.35%9.84%11.59%+144 bps
Net Interest Margin3.25%3.21%3.17%3.21%3.06%3.11%3.12%3.46%+25 bps
Efficiency Ratio74.93%74.09%71.65%73.40%70.97%67.82%65.90%59.37%-1,403 bps
Non-Interest Burden2.25%2.22%2.10%2.26%2.03%1.93%1.86%1.82%-45 bps
Growth
Asset Growth (YoY)6.66%15.64%18.24%17.30%26.54%18.12%12.54%10.64%-665 bps
Loan Growth (YoY)20.32%39.47%41.88%43.97%42.83%19.90%15.29%12.16%-3,181 bps
Deposit Growth (YoY)6.28%14.95%22.20%17.91%19.69%12.06%8.72%6.82%-1,110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%0.05%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.09%0.92%0.96%0.91%0.85%0.95%0.96%0.93%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.69%9.49%9.38%9.54%9.05%9.04%9.11%9.12%-42 bps
Total Risk-Based Capital13.02%12.43%12.80%13.34%12.32%12.85%13.57%13.93%+60 bps
Equity / Assets9.58%9.39%9.06%9.30%8.74%9.12%8.79%8.89%-40 bps
Liquidity & Funding
Loans / Deposits67.35%76.09%73.92%77.09%80.37%81.40%78.39%80.95%+386 bps
Liquid Assets / Assets11.66%11.52%12.18%6.66%7.04%5.49%4.25%2.50%-416 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a