Gateway Bank News
Gateway Bank Gets 4 Stars!
This Summary Report was compiled from financial data as reported to federal regulators. Although the financial data obtained from these sources is consistently reliable, the accuracy and completeness of the data cannot be guaranteed by BauerFinancial Inc.
Definitions:
Stars – BauerFinancial Inc.’s proprietary rating. (Please see below.)
Total Assets – Anything of value owned by the bank.
Tangible Assets – Total average assets less intangible assets.
Tier 1 Capital – Net worth (also known as capital or equity) less intangible assets.
Leverage Capital Ratio – Tier 1 Capital divided by tangible assets. (Minimum regulatory requirement is 4%.)
Tier 1 Risk-based Ratio – Tier 1 Capital divided by risk-weighted assets. (Regulatory minimum is 4%.)
Total Risk-based Ratio – Total net worth divided by risk-weighted assets. (Minimum regulatory requirement is 8%.)
Profit (Loss) – Profit or loss for the period noted.
Return on Assets (ROA) - Annualized net income as a percent of average assets.
Return on Equity (ROE) - Annualized net income as a percent of average equity.
Delinquent Loans – Loans past due 90 days or more plus nonaccrual loans.
Other Real Estate Owned (Repos) – Real estate owned but not being used by the bank. Usually acquired via foreclosure.
Nonperforming Assets/% Tangible Assets – Delinquent loans and other real estate owned as a percentage of tangible assets.
Nonperforming Assets/% Tier 1 Capital – Delinquent loans and other real estate owned as a percentage of Tier 1 Capital.
Star Rating:
BauerFinancial star ratings classify each institution based upon a complex formula factoring in current and historical data. The first
level of evaluation is the capital level of the institution followed by other relevant data including, but not limited, to: profitability,
historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality.
Negative trends are projected forward to compensate for the lag time in the data. BauerFinancial employs conservative measures
when assigning these ratings and consequently our analysis may be lower than those supplied by other analysts or the institutions
themselves. More than a quarter of a century of experience has shown this to be a prudent course of action. As a general guideline,
however, the following groupings were used:
5 Stars: Superior. These institutions are on BauerFinancial’s Recommended Report.
4 Stars: Excellent. These institutions are also on BauerFinancial’s Recommended Report.
3 1/2 Stars: Good.
3 Stars: Adequate.
2 Stars: Problematic.
1 Star: Troubled.
ZERO: Our lowest rating.
FDIC: Institution has failed and/or is operating under FDIC conservatorship.
START-UP: Start-up bank. Institutions that are too new to rate.