# GATEWAY BANK OF FLORIDA
DAYTONA BEACH, FL · FDIC certificate 58176 · asset band <$300M · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $290.4M | |
| Deposits | $238.8M | |
| Loans and leases | $151.8M | |
| Total equity | $28.7M | |
| Loans / deposits | 62.71% (p32 of band) | 73.48% |
| Liquid assets / assets | 42.74% (p70 of band) | |
| Uninsured deposits / deposits | 36.15% (p95 of band) | 14.60% |
| Brokered deposits | 9.93% | |
| Wholesale funding | 17.53% (p94 of band) | |
| FHLB advances / assets | 7.59% | |
| Tier 1 leverage | 9.82% (p31 of band) | 10.87% |
| Unrealized securities loss / equity | -2.80% (p16 of band) | -0.29% |
| AOCI / equity | 1.04% (p80 of band) | |
| ROA (annualized) | 0.74% (p43 of band) | 0.83% |
| Net interest margin | 2.98% (p17 of band) | 3.63% |
| Efficiency ratio | 64.66% (p31 of band) | |
| Noncurrent loans | 0.00% (p7 of band) | 0.63% |
| Net charge-offs (annualized) | -0.03% (p12 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 94% | |
| Construction % of loans | 52.65% (p81 of band) | |
| Auto loans | $27,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 5.5% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, charge-offs p90, construction >100% equity |  |
| 2011-06 | 3 |  | construction >100% equity |
| 2011-09 | 2 |  | charge-offs p90 |
| 2011-12 | 3 | charge-offs p90 |  |
| 2012-03 | 2 |  | charge-offs p90 |
| 2012-06 | 3 | charge-offs p90 |  |
| 2012-09 | 4 | uninsured deposits leaving |  |
| 2012-12 | 2 |  | brokered >10%, uninsured deposits leaving |
| 2013-03 | 1 | capital falling | wholesale funding >15%, charge-offs p90 |
| 2013-06 | 3 | brokered >10%, wholesale funding >15%, AOCI drag >20% of equity | capital falling |
| 2013-09 | 4 | securities losses >30% of equity |  |
| 2013-12 | 3 |  | securities losses >30% of equity |
| 2014-03 | 3 | NIM <2.5% | AOCI drag >20% of equity |
| 2014-06 | 2 |  | NIM <2.5% |
| 2014-09 | 5 | expense ratio p90, deposits shrinking, assets shrinking |  |
| 2014-12 | 5 |  |  |
| 2015-03 | 2 |  | brokered >10%, wholesale funding >15%, expense ratio p90 |
| 2015-06 | 3 | expense ratio p90 |  |
| 2015-09 | 1 |  | deposits shrinking, assets shrinking |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 | capital falling | expense ratio p90 |
| 2016-06 | 2 | wholesale funding >15% |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2016-12-09 [Local Gateway CEO reflects on CenterState merger - Ocala StarBanner](https://news.google.com/rss/articles/CBMisAFBVV95cUxQVmROQzYteWtadllKaTJxcUJjdzRVUjdLM2NEVThQSE5HVTJJTllSV0hGVUI1d3kxVnBYUVlwcFBnLTJyUGFLU2VGMlE2dXNsRjZ2ejhPU0ExV3hPaDBSN2pfdmNqOG01NUU1dy1tdDB3OGxvbUN3WVlZekRaSDZiYnhuaDZHRjhmc3lHalZDNENGUzM5YnUtUGQ4ZEVfbXgwS3dCZHgtSFZSZ0pUc0M1WA?oc=5) · Ocala StarBanner
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2015-01-17 [Moving Ahead - Daytona Beach News-Journal](https://news.google.com/rss/articles/CBMiigFBVV95cUxNM2lUUTZNaEJnby1MTjMyVUp1Nk55V2hwWElqM3EzWk9GUkEzTzJBMm5leU43c1lLODQyNUp6eTBfNTl0T3ZWMGtSWlJqM0pRYm5YQVB1MUlKeWozVW9tdkJGcmM0MGNHb2E3NU8tRi1sc0taamZkbk9aVEN3UDZWSGtncmxRV040Smc?oc=5) · Daytona Beach News-Journal
- 2016-12-09 [Clayton Park: Quality of life wasn't draw but is reason for staying - Daytona Beach News-Journal](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQR0sxeEVGXzVZZ0QzNVpGVTRPWmoxUEE2bldncWFlN2Zjd2hENmFGb1BZS3d2QU9XWjNvU2Z5ZmNSeVhFMUJyUkcxdElxNlF6NmRRUnRheHdkSjh1TDRrTnpsaTM1Sk5MZ09fRnZzZnN1d0swaDRqbmVCN3JBVVFBbmtVb0JrbjRlOVNVYlkxUktCOFp4RGdVc1hQZEtEb25JTnRkZ1N1TGRRb2drZnJJa3JOaXdaRFhtSmE0Mld2UVM2MnZvRWdlVDAyWUtXMHlKYnhyVDgzeVJSV0RCMENrYg?oc=5) · Daytona Beach News-Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58176 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/0.json (key "58176", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide