# BLUE GATE BANK
COSTA MESA, CA · FDIC certificate 59094 · asset band <$300M · latest filing 2018-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $121.8M | |
| Deposits | $98.7M | |
| Loans and leases | $78.7M | |
| Total equity | $22.6M | |
| Loans / deposits | 78.66% (p53 of band) | 76.78% |
| Liquid assets / assets | 34.96% (p61 of band) | |
| Uninsured deposits / deposits | 57.19% (p99 of band) | 15.22% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 17.99% (p91 of band) | 11.19% |
| Unrealized securities loss / equity | 0.00% (p90 of band) | -2.38% |
| AOCI / equity | 0.00% (p91 of band) | |
| ROA (annualized) | -3.32% (p1 of band) | 1.00% |
| Net interest margin | 2.53% (p5 of band) | 3.78% |
| Efficiency ratio | 214.82% (p100 of band) | |
| Noncurrent loans | 0.00% (p8 of band) | 0.57% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 82% | |
| Construction % of loans | 7.09% (p33 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $4.0M (18% of equity) (p99 of band) | |
| Deposits YoY | 49.5% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-03 | 4 | uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 5 | capital falling |  |
| 2017-12 | 5 |  |  |
| 2018-03 | 4 |  | NIM <2.5% |
| 2018-06 | 3 |  | capital falling |

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

- 2018-05-30 [California de novo is already a seller - American Banker](https://news.google.com/rss/articles/CBMiigFBVV95cUxOOWVWcXEwYmpreUdMam5BSmhONTBZQ3lodjVkZGJuZzF2SUk0cXl3RkVaeUY3QjFrNDhYM2RtY01JYW9VWXlUT0dsaHBjMXhybTJFam0wcFlSaElFelF3aTFqYlZaX2R0czl6VGhFVURDMzJBWWNIOHZ1U0NyNFRsaG9rZDlVRzktWnc?oc=5) · American Banker
- 2017-01-27 [Blue Gate Bank, county’s first new institution since 2009, opens in Costa Mesa - Orange County Register](https://news.google.com/rss/articles/CBMitAFBVV95cUxQa2xuSUlaRXB0R296T2x1Zi1zRHM4c05CM2ZIa0Q3UGZFRlhZWmpDOWlRbUJScnJ0V1RDalVhUkJfYkExUU9UUldJWkFvSWgtcndEdktEbjhJN2FZajBxMzJMOTlDLTR4Tjl1ZEdEQVdCOHV3Mk9Tc0lWUE9VUXhWSWprdXVTTUQxOHlpYU5QWmwxM1NNdF9oQS1YSWQ3cURfdnllaktWOW5xNmw0NEtINWF1cGc?oc=5) · Orange County Register
- 2018-06-01 [Partners Bank Hires Blue Gate’s Walsh - Orange County Business Journal](https://news.google.com/rss/articles/CBMidEFVX3lxTE8tb2diMkxRQmpiMTM3YnlWVERvTzVqc3AwellQb2E5cktjVDk5eFVlYktOWWRLU3JxeUh3SkZ3NzJ6bWRINkFlSVFLaEVJN1BVSThZMlhwYldKV195dmt6WWYyNFIweThTTG9ESldKSy1OY1dZ?oc=5) · Orange County Business Journal
- 2018-01-24 [Endeavor, First New San Diego-Based Bank in 10 Years, Makes Debut - NBC 7 San Diego](https://news.google.com/rss/articles/CBMijwFBVV95cUxPTTZyM2kwSHlYWFY0ODExeURsRmxxSldlRHdlZGRURVA0RzllZjVIUVVVZWZqeER1TG1GQWFha0NHYzhiLWYtSGFEblc2UUcyLWs0bS1OLWZRajd0M3BzYzRfd3pNRldva3JBLU4xV204enAxMzRZS3NGdk1wRV9wSnpPTEhzTnpBUkdsNHZ5d9IBlwFBVV95cUxPQjNvZWZEVGtkZ0laMzJFT2FIN2duQ2pRZ1YyckFYeGRVUmRGeTBMZHJEUTE4S2I5bTl1YW41UzNpaldkZUNkQlRUVTItMGRJaTlRaXVfeFltQmpESTg2VmowMUg3di1mVXpJVlNPRUl5SnFQMjZCNFlWZl8tYjR1UEtYSmdKdHA2LUZYS2s0b3Y1VUcxcXMw?oc=5) · NBC 7 San Diego
- 2020-12-14 [One-Stop Shop | Bohemian | Sonoma & Napa Counties - bohemian.com](https://news.google.com/rss/articles/CBMiTkFVX3lxTE1DVl9NdGtrVGlDY3BacEpQRUxKcHVtVlRjNnp1bFNGRVpvcDVsSDAxbnhQM0lUdFBta1pscGlwYWNpRi0zZmhQM0NoSEZ1QQ?oc=5) · bohemian.com
- 2017-03-15 [Here comes the new wave of de novos - American Banker](https://news.google.com/rss/articles/CBMiggFBVV95cUxPV2hYdTNtcDNtc1VObHRlQ1BkM2hXc1dsNVNpcHlBQkhoNy1IRExZQy1iTVdROU9VX0dSX2lRb0VGNGp2aUxyMDNhTloxVW1qQzFuXzNGSl9TdldtNXR1bTFMVWl1STY2czBISnhXQndTYW0xdEdOSDRBR200aVQ2WGR3?oc=5) · American Banker
- 2020-01-27 [James F. Barnett Iii Obituary - Ventura County Star](https://news.google.com/rss/articles/CBMiVkFVX3lxTE5YYW5tNmVrR1RzYklWNVpFaDM1eDhkM0R4ZXRyUS11RGlPMEVpekhUbmYyQzFubFVDWlh1TGxkTzIwODluc01BY2pHX3Jwd1ZhQlNxVTdn?oc=5) · Ventura County Star
- 2017-02-12 [Biz News: Taco Jr. in Costa Mesa to be replaced with German-Mexican eatery Taco Brat - Los Angeles Times](https://news.google.com/rss/articles/CBMihwFBVV95cUxNRXhzVjRPU2daSkZQcnlFdHBZMFBVeVhvR0tMYTNSRS1IM2pjZE1OTWFiOXpreDU0eTJDTURHemFneHN3MWJRUXdreFpxS1BQRGR2eHdvT2Z5NWtOR3pLWThoa1Z6ZFFQREFnTjJDZTc5ZENNZ3I2OFF4VXF4b3ZXUnNaMC1SV2s?oc=5) · Los Angeles Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59094 (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/22.json (key "59094", 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