Gateway National Bank
Dallas, TX — Domestic Branch of a Domestic Bank
Acquired Feb 2007
Vitals
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Total Assets261.5M 0.2 %
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Total Deposits213.2M -0.8 %
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Total Net Loans140.3M 3.9 %
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Net Income2.6M 744.1 %
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Book Value45.2M 5.6 %
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Book Value x290.4M 5.6 %
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Book Value x3135.6M 5.6 %
Balance Sheet Highlights
| Financial Highlights | Gateway National Bank | All Insured Commercial Banks in Texas |
| Balance Sheet $(000) | ||
| Total Assets | 261,490 | 153,044 |
| Total Net Loans | 140,306 | 86,588 |
| Total Deposits | 213,155 | 130,921 |
| Total Equity | 45,210 | 15,202 |
| Profitability | ||
| Net Income | 2,625 | 4,075 |
| Return on Average Assets | 1.014 | 1.437 |
| Return on Average Equity | 5.947 | 14.713 |
| Net Interest Margin | 5.878 | 4.615 |
| Efficiency Ratio | 68.637 | 66.288 |
| Noninterest Income/Revenue | 9.215 | 13.739 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 65.824 | 62.239 |
| Securities/Assets | .183 | .663 |
| Total Equity/Total Assets | .173 | .099 |
| Tangible Equity/Tangible Assets | .069 | -.21 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 18,378 | 14,459 |
| Tier 2 Capital | 1,052 | 1,005 |
| Total Capital | 19,430 | 15,454 |
| Total Risk Weighted Assets | 160,068 | 98,323 |
| Leverage Ratio | 7.77 | 10.112 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.48 | 16.99 |
| Total Capital Ratio | 12.14 | 18.005 |
Timeline for Gateway National Bank
Prosperity Bank
Gateway National Bank was acquired by Prosperity Bank 17 years
View Profile Feb 01 2007
Texas United Nevada, Llc
Texas United Nevada, Llc became a new parent organization for Gateway National Bank.
View Profile Dec 01 2005
Gateway Delaware Holding Company, Inc.
Gateway Delaware Holding Company, Inc. became a new parent organization for Gateway National Bank.
View Profile Mar 17 1997
First Bank
Acquisition: Gateway National Bank acquired a new subsidiary, First Bank, 35 years
View Profile Aug 12 1988
Gateway National Bank
Gateway National Bank was established 42 years ago and is currently headquartered in Dallas, TX.
Jan 28 1982| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Prosperity Bank | Buyer | 21,390,286 | Acquisition | Discontinued | 2/1/2007 |
| First Bank | Seller | 46,240 | Failure | 8/12/1988 |
| Relationships | Role | Relationship Start | Relationship End |
| Texas United Nevada, Llc | Parent | 12/1/2005 | 1/31/2007 |
| Gateway Delaware Holding Company, Inc. | Parent | 3/17/1997 | 11/30/2005 |
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