Gateway First Bank

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Gateway First Bank is an FDIC insured institution headquartered at 244 S Gateway Pl, Jenks, OK 74037.
It was founded in 1935 and has approximately $2 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - January 27, 2023

SAVINGS RATES APY MIN

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15118
Date Established 1935
Assets $ 1,877.91 million
Loans $ 1,226.23 million
Deposits $ 929.45 million
Capital $ 331.62 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 209.76 million
Interest-bearing balances $ 202.01 million
Total securities $ 91.85 million
Federal funds sold and reverse repurchase $ 0.22 million
Net loans and leases $ 1,226.23 million
Loan loss allowance $ 7.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 206.65 million
All other assets $ 90.08 million
     Total Assets $ 1,546.29 million

LIABILITIES
Total deposits $ 929.45 million
      Interest-bearing deposits $ 505.90 million
      Deposits held in domestic offices $ 929.45 million
      % insured (estimated) 32.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 470.03 million
Subordinated debt N.A.
All other liabilities $ 146.81 millionn
      Total Liabilities $ 1,546.29 million
      Shareholders’ Equity $ 331.62 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 24.98 million
Total Interest Expense $ 2.32 million
Net interest income $ 22.67 million
Provision for loan and lease losses $ 1.12 million
Total non interest income $ 84.92 million
Total non interest expense $ 92.74 million
Pre-tax Net Operating Income $ 13.72 million


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Branches

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Gateway First Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    TEXAS
    $50,000
    N.A.
    0.45%
    3.46x (National Avg. - 0.13%)
    $10
    -
    SCENARIO
    Year Rate
    0.45%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 225 158
    2 50,225 226 158
    3 50,451 227 159
    4 50,678 228 160
    5 50,906 229 160
    6 51,135 230 161
    7 51,365 231 162
    8 51,596 232 163
    9 51,829 233 163
    10 52,062 234 164
    11 52,296 235 165
    12 52,531 236 165
    13 52,768 237 166
    14 53,005 239 167
    15 53,244 240 168
    16 53,483 241 168
    17 53,724 242 169
    18 53,966 243 170
    19 54,209 244 171
    20 54,453 245 172
    TOTAL $4,698 $3,288
  • 2
    LOCAL SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    3.30%
    25.38x (National Avg. - 0.13%)
    $0
    -
    SCENARIO
    Year Rate
    3.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,650 1,155
    2 51,650 1,704 1,193
    3 53,354 1,761 1,232
    4 55,115 1,819 1,273
    5 56,934 1,879 1,315
    6 58,813 1,941 1,359
    7 60,754 2,005 1,403
    8 62,758 2,071 1,450
    9 64,829 2,139 1,498
    10 66,969 2,210 1,547
    11 69,179 2,283 1,598
    12 71,462 2,358 1,651
    13 73,820 2,436 1,705
    14 76,256 2,516 1,762
    15 78,772 2,599 1,820
    16 81,372 2,685 1,880
    17 84,057 2,774 1,942
    18 86,831 2,865 2,006
    19 89,697 2,960 2,072
    20 92,657 3,058 2,140
    TOTAL $45,714 $32,000