Gateway Bank in Lagrange, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1995

  • Gateway Bank in Lagrange, Indiana (IN)
  • Show street view No street view available for this location

Gateway Bank - Overview

  • General
  • FDIC Certificate #: 21671
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Lake City Bank (#13102)
    Federal Reserve ID: 113843
    Date Established: July 01, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14994
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1974
    Last Structure Change Effective Date: July 15, 1995
    Last Structure Change Process Date: August 21, 1995
    Last Data Update: August 21, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 901 South Detroit Street, Lagrange, IN 46761
    County: Lagrange
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $19.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $16Total assets
  • $20,310Cash and due from depository institutions
  • $573Interest-bearing balances
  • $204Securities
  • $8,772Federal funds sold & reverse repurchase agreements
  • $890Net loans & leases
  • $8,845Loan loss allowance
  • $706Trading account assets
  • $0Bank premises and fixed assets
  • $332Other real estate owned
  • $670Goodwill and other intangibles
  • $228Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $20,310Total liabilities
  • $19,356Total deposits
  • $19,127Interest-bearing deposits
  • $18,630Deposits held in domestic offices
  • 19127.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $0All other liabilities
  • $84Total equity capital
  • $84Total bank equity capital
  • $954Perpetual preferred stock
  • $0Common stock
  • $630Surplus
  • $480Undivided profits
  • Memoranda
  • $-156Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $584Income earned, not collected on loans
  • $45Earning assets
  • $18,711Long-term assets (5+ years)
  • $3,760Average Assets, year-to-date
  • $21,446Average Assets, quarterly
  • $20,398Volatile liabilities
  • $1,437Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,395Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,057Total risk weighted assets
  • $8,090Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,435Total interest expense
  • $936Net interest income
  • $499Provision for loan and lease losses
  • -$42Total noninterest income
  • $262Fiduciary activities
  • $0Service charges on deposit accounts
  • $12Trading account gains & fees
  • $0Additional noninterest income
  • $250Total noninterest expense
  • $1,212Salaries and employee benefits
  • $566Premises and equipment expense
  • $99Additional noninterest expense
  • $547Pre-tax net operating income
  • -$409Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$409Extraordinary gains - net
  • $0Net income attributable to bank
  • -$409Net charge-offs
  • -$21Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.16%Cost of funding earning assets
  • 4.67%Net interest margin
  • 2.49%Noninterest income to earning assets
  • 1.31%Noninterest expense to earning assets
  • 6.05%Net operating income to assets
  • -1.91%Return on assets (ROA)
  • -1.91%Pretax return on assets
  • -1.91%Return on equity (ROE)
  • -33.73%Retained earnings to average equity (YTD only)
  • -33.73%Net charge-offs to loans
  • -0.19%Credit loss provision to net charge-offs
  • 200.00%Efficiency ratio
  • 159,264Assets per employee
  • 1.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.39%Loss allowance to noncurrent loans
  • 120.89%Noncurrent assets plus other real estate owned to assets
  • 6.17%Noncurrent loans to loans
  • 6.11%Net loans and leases to deposits
  • 46.24%Net loans and leases to core deposits
  • 50.00%Equity capital to assets
  • 4.70%Core capital (leverage) ratio
  • 5.16%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $21,446Average earning assets
  • $1,213Average equity
  • $20,050Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Gateway Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents