Vitals
  • Total Assets
    2.2B 11.3 %
  • Total Deposits
    1.7B 6.1 %
  • Total Net Loans
    1.8B 11.3 %
  • Net Income
    6.3M 159.3 %
  • Book Value
    267.8M 21.4 %
  • Book Value x2
    535.6M 21.4 %
  • Book Value x3
    803.4M 21.4 %
ROAA

1.136

ROAE

9.576

Efficiency Ratio

54.87

Net Interest Margin

3.857

Balance Sheet Highlights
Financial Highlights Gateway Bank & Trust Company All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 2,209,230 799,880
Total Net Loans 1,802,522 568,871
Total Deposits 1,652,982 649,172
Total Equity 267,800 75,350
Profitability
Net Income 6,325 87,705
Return on Average Assets 1.136 .576
Return on Average Equity 9.576 6.313
Net Interest Margin 3.857 3.021
Efficiency Ratio 54.87 88.645
Noninterest Income/Revenue 14.58 23.458
Balance Sheet Ratios
Loan-to-Deposit 109.047 93.984
Securities/Assets .049 1.546
Total Equity/Total Assets .121 .094
Tangible Equity/Tangible Assets .092 -4.875
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 183,377 68,773
Tier 2 Capital 24,677 10,486
Total Capital 208,054 79,243
Total Risk Weighted Assets 1,958,662 618,231
Leverage Ratio 8.55 10.18
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.36 12.454
Total Capital Ratio 10.62 13.986

Timeline for Gateway Bank & Trust Company

Xenith Bank

Gateway Bank & Trust Company was acquired by Xenith Bank 15 years

View Profile May 09 2009

Xenith Bankshares, Inc.

Xenith Bankshares, Inc. became a new parent organization for Gateway Bank & Trust Company.

View Profile Dec 31 2008

The Bank Of Richmond, National Association

Acquisition: Gateway Bank & Trust Company acquired a new subsidiary, The Bank Of Richmond, National Association, 16 years

View Profile Jun 01 2007

Gateway Title Agency, Inc

Gateway Title Agency, Inc became a new subsidiary organization for Gateway Bank & Trust Company.

View Profile Jan 31 2007

Gateway Bank Mortgage, Inc.

Gateway Bank Mortgage, Inc. became a new subsidiary organization for Gateway Bank & Trust Company.

View Profile Jun 06 2006

Want to see more?

Complete timeline for Gateway Bank & Trust Company is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Xenith Bank Buyer 3,326,344 Pooling of Interests Discontinued 5/9/2009
The Bank Of Richmond, National Association Seller 188,870 Acquisition Discontinued 6/1/2007
Relationships Role Relationship Start Relationship End
Xenith Bankshares, Inc. Parent 12/31/2008 5/8/2009
Gateway Financial Holdings, Inc. Parent 10/1/2001 12/30/2008
Gateway Insurance Services, Inc. Subsidary 6/30/2007 5/8/2009
Gateway Investment Services, Inc. Subsidary 6/30/2007 5/8/2009
Gateway Bank Mortgage, Inc. Subsidary 6/30/2007 5/8/2009
Gateway Title Agency, Inc Subsidary 6/30/2007 5/8/2009
Gateway Insurance Services, Inc. Subsidary 10/1/2001 6/29/2007
Gateway Investment Services, Inc. Subsidary 10/1/2001 6/29/2007
Gateway Bank Mortgage, Inc. Subsidary 6/6/2006 6/29/2007
Gateway Title Agency, Inc Subsidary 1/31/2007 6/29/2007
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