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Gateway Bank of Central Florida was recognized as Ocala/Marion County’s Business of the Year at the annual Stars Over Ocala event held earlier this month. The prestigious award is given annually by the Ocala/Marion County Chamber of Commerce, and represents the best of the outstanding businesses throughout Marion County. The business awards span all industries and honors the companies that exemplify the mission of the Chamber, which is to improve the business climate, economy and quality of life in Marion County. Gateway was particularly noted as an outstanding recipient due to its business transactions resulting in more than $40 million in new loans last year alone. Gateway’s Business strategy was built around the following:

• Local decision making
• Local management and employees
• Local bank ownership
• Local fiduciary board members
• Local vendor selection and buying

This type of strategy and market share growth sets the tone for a positive economic direction with Gateway in the lead. “We are pleased to be recognized for our work within the community, and we take great pride in knowing our customers are confident that we are moving forward in a positive direction,” said Tom Ingram, CEO of Gateway, which has offices in Ocala, Gainesville and Alachua. “It was an honor to be chosen for this award from among some of the strongest businesses in Marion County.”
Gateway Bank is a full-service independent community bank serving business and personal banking clients. It provides a broad range from retail and commercial banking services as well as residential and commercial mortgage lending and wealth and investment management services.

For more information, contact:

Tom Ingram, CEO
352-236-6440
www.gatewaybankcfl.com

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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.

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