Gateway First Bank Mortgage Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 54930034MNPILHP25H80

Tax ID: 73-1577221

2020 Data | 2019 Data | 2018 Data


Overview

Gateway First Bank is a large bank specializing in Home Purchase and Refi loans. Gateway First Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Houston, Dallas, San Antonio, Fort Worth, and Oklahoma City among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Gateway First Bank is typically an average fee lendor.


Originations

39,597

Origination Dollar Volume (All Markets)

$8,769,665,000

Employee count

1,584

Relative Rate

Gateway First Bank's average 30 year fixed rate mortgage was 3.16%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.2%.

Relative Fees

Gateway First Bank's average total fees for a 30 year fixed rate mortgage are $4,684.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 27,866 $6,179,130,000 $221,744 $3,082 3.02%
FHA 6,875 $1,374,225,000 $199,887 $5,848 3.49%
VA 3,912 $1,064,840,000 $272,198 $4,962 2.97%
USDA 944 $151,470,000 $160,456 $3,112 3.16%

For the 2020 period, Gateway First Bank's most frequently originated loan type was Conventional, with 27,866 originations. Their 2nd most popular type is FHA, with 6,875 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 21,013 $4,400,195,000 $209,403 $3,913 3.11%
Refi 13,853 $3,318,605,000 $239,559 $3,333 3.01%
Cash Out Refi 4,731 $1,050,865,000 $222,123 $4,235 3.34%

For the 2020, Gateway First Bank's most frequently cited loan purpose was Home Purchase, with 21,013 originations. The 2nd most popular reason was Refi, with 13,853 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 31,200 $7,287,540,000 $233,575 $4,023 3.27%
15 Year 4,544 $891,640,000 $196,224 $3,148 2.75%
20 Year 1,983 $444,095,000 $223,951 $3,255 3.04%
10 Year 704 $48,200,000 $68,466 $1,237 1.63%
Other 676 $93,290,000 $138,003 $1,910 1.80%
3 Year 279 $1,755,000 $6,290 $7 0.02%
5 Year 211 $3,145,000 $14,905 $5 0.03%

For the 2020, Gateway First Bank's most frequently cited loan length was 30 Year, with 31,200 originations. The 2nd most popular length was 15 Year, with 4,544 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 20,919 $4,340,165,000 $207,475
$1k-2k 13,580 $3,099,530,000 $228,242
$2k-3k 2,841 $670,265,000 $235,926
$3k-4k 1,750 $474,470,000 $271,126
$5k+ 506 $185,170,000 $365,949

$4,684 was Gateway First Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 20,919 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 5,149 $993,475,000 $192,945 $3,422 3.20%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 3,790 $813,610,000 $214,673 $4,582 3.08%
DALLAS-PLANO-IRVING, TX 2,200 $560,020,000 $254,555 $4,076 3.15%
SAN ANTONIO-NEW BRAUNFELS, TX 1,722 $397,620,000 $230,906 $4,690 3.09%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 1,682 $379,970,000 $225,904 $4,595 3.15%
OKLAHOMA CITY, OK 1,622 $347,900,000 $214,488 $3,232 3.09%
TULSA, OK 1,456 $312,650,000 $214,732 $3,465 3.10%
NEW BRUNSWICK-LAKEWOOD, NJ 765 $245,985,000 $321,549 $4,192 3.06%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1,121 $240,525,000 $214,563 $2,066 3.02%
KNOXVILLE, TN 994 $216,700,000 $218,008 $3,462 3.17%
HILTON HEAD ISLAND-BLUFFTON, SC 755 $197,195,000 $261,185 $3,261 3.09%
OMAHA-COUNCIL BLUFFS, NE-IA 811 $189,065,000 $233,126 $1,955 2.95%
CAMDEN, NJ 937 $171,945,000 $183,506 $3,569 2.82%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 583 $171,345,000 $293,902 $4,075 2.93%
WICHITA, KS 717 $139,085,000 $193,982 $2,988 3.06%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 515 $137,185,000 $266,379 $4,303 3.05%
RAPID CITY, SD 602 $133,400,000 $221,595 $3,650 3.00%
BOISE CITY, ID 502 $129,160,000 $257,291 $4,708 3.15%
SALT LAKE CITY, UT 452 $127,650,000 $282,412 $4,484 3.34%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 558 $108,670,000 $194,749 $3,139 3.21%
SANTA FE, NM 364 $107,760,000 $296,044 $3,726 3.30%
PHOENIX-MESA-CHANDLER, AZ 454 $95,480,000 $210,308 $3,979 2.92%
JACKSONVILLE, FL 412 $94,140,000 $228,495 $4,346 3.00%
KILLEEN-TEMPLE, TX 410 $91,860,000 $224,049 $4,592 2.94%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 384 $85,700,000 $223,177 $2,505 3.00%
NEWARK, NJ-PA 248 $84,860,000 $342,177 $5,087 3.05%
DENVER-AURORA-LAKEWOOD, CO 255 $83,595,000 $327,824 $3,490 3.15%
BATON ROUGE, LA 573 $74,515,000 $130,044 $2,613 2.26%
SAN ANGELO, TX 368 $69,270,000 $188,234 $4,230 3.13%
PROVO-OREM, UT 261 $68,895,000 $263,966 $4,028 3.40%
BEAUMONT-PORT ARTHUR, TX 309 $67,875,000 $219,660 $5,025 3.28%
CHARLESTON, WV 387 $62,325,000 $161,047 $3,365 3.33%
FORT COLLINS, CO 175 $55,295,000 $315,971 $4,211 2.98%
SUMTER, SC 297 $48,435,000 $163,081 $3,413 3.04%
GREELEY, CO 154 $46,420,000 $301,429 $4,084 3.02%
IDAHO FALLS, ID 213 $43,955,000 $206,362 $4,511 3.24%
TYLER, TX 217 $41,865,000 $192,926 $4,555 3.22%
RENO, NV 133 $40,065,000 $301,241 $5,010 3.17%
ORLANDO-KISSIMMEE-SANFORD, FL 153 $38,775,000 $253,431 $4,334 3.18%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 131 $37,725,000 $287,977 $4,328 3.15%
ABILENE, TX 195 $37,345,000 $191,513 $4,337 3.21%
INDIANAPOLIS-CARMEL-ANDERSON, IN 194 $37,300,000 $192,268 $2,789 3.20%
MIDLAND, TX 137 $35,335,000 $257,920 $5,370 3.25%
HUNTINGTON-ASHLAND, WV-KY-OH 168 $33,000,000 $196,429 $3,823 3.18%
OGDEN-CLEARFIELD, UT 111 $31,405,000 $282,928 $4,434 3.32%
ATLANTIC CITY-HAMMONTON, NJ 153 $31,125,000 $203,431 $3,279 2.90%
ODESSA, TX 131 $29,795,000 $227,443 $5,282 3.27%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 104 $29,180,000 $280,577 $1,607 3.11%
LAWTON, OK 174 $28,890,000 $166,034 $3,063 3.23%
BEND, OR 85 $27,685,000 $325,706 $5,949 3.27%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 108 $27,030,000 $250,278 $3,289 3.14%
ENID, OK 177 $26,415,000 $149,237 $2,997 3.19%
ALBUQUERQUE, NM 113 $26,315,000 $232,876 $3,778 3.41%
GRAND ISLAND, NE 164 $26,300,000 $160,366 $2,492 3.02%
PHILADELPHIA, PA 136 $26,180,000 $192,500 $3,753 3.25%
READING, PA 128 $25,140,000 $196,406 $3,879 3.08%
BALTIMORE-COLUMBIA-TOWSON, MD 87 $24,765,000 $284,655 $4,381 3.12%
YUMA, AZ 121 $24,675,000 $203,926 $3,866 3.07%
FORT SMITH, AR-OK 156 $23,800,000 $152,564 $2,306 3.16%
SPRINGFIELD, MO 125 $23,135,000 $185,080 $970 3.16%
LAS CRUCES, NM 117 $22,895,000 $195,684 $3,465 3.45%
WACO, TX 105 $22,535,000 $214,619 $4,453 3.14%
VINELAND-BRIDGETON, NJ 168 $22,190,000 $132,083 $3,323 2.77%
CORPUS CHRISTI, TX 104 $21,570,000 $207,404 $4,549 3.23%
JOPLIN, MO 130 $21,420,000 $164,769 $2,045 3.22%
HAMMOND, LA 130 $21,400,000 $164,615 $3,119 2.80%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 60 $21,360,000 $356,000 $4,248 3.08%
SEATTLE-BELLEVUE-KENT, WA 51 $20,175,000 $395,588 $4,586 3.65%
CINCINNATI, OH-KY-IN 102 $19,970,000 $195,784 $3,467 3.24%
COLUMBUS, OH 91 $19,955,000 $219,286 $3,727 3.30%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 75 $19,205,000 $256,067 $2,938 2.84%
MCALLEN-EDINBURG-MISSION, TX 97 $18,795,000 $193,763 $4,397 3.10%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 52 $17,640,000 $339,231 $5,107 3.20%
TRENTON-PRINCETON, NJ 73 $16,725,000 $229,110 $4,724 3.01%
LINCOLN, NE 71 $15,555,000 $219,085 $1,872 3.01%
NEW ORLEANS-METAIRIE, LA 90 $15,420,000 $171,333 $3,542 2.49%
LONGVIEW, WA 61 $15,015,000 $246,148 $3,694 3.07%
PITTSBURGH, PA 81 $14,835,000 $183,148 $3,605 3.37%
WILMINGTON, DE-MD-NJ 68 $13,340,000 $196,176 $3,457 2.88%
DES MOINES-WEST DES MOINES, IA 59 $13,035,000 $220,932 $479 2.87%
LONGVIEW, TX 69 $12,945,000 $187,609 $4,177 3.37%
PORT ST. LUCIE, FL 73 $12,705,000 $174,041 $3,552 3.08%
CHARLESTON-NORTH CHARLESTON, SC 41 $11,905,000 $290,366 $2,944 2.94%
KANSAS CITY, MO-KS 59 $11,575,000 $196,186 $2,339 3.23%
LAREDO, TX 70 $11,520,000 $164,571 $4,836 3.23%
WILMINGTON, NC 51 $11,455,000 $224,608 $2,996 3.25%
MANSFIELD, OH 76 $10,960,000 $144,211 $3,122 3.39%
COLLEGE STATION-BRYAN, TX 46 $10,440,000 $226,957 $4,384 3.16%
EL PASO, TX 57 $10,375,000 $182,018 $3,964 2.97%
LUBBOCK, TX 54 $10,180,000 $188,519 $3,440 3.11%
LAKE HAVASU CITY-KINGMAN, AZ 44 $10,030,000 $227,955 $3,827 3.39%
OCEAN CITY, NJ 30 $9,750,000 $325,000 $3,823 3.25%
MORRISTOWN, TN 43 $9,285,000 $215,930 $3,054 3.15%
COLUMBIA, SC 40 $8,840,000 $221,000 $4,205 2.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 37 $8,255,000 $223,108 $4,415 3.27%
SHERMAN-DENISON, TX 39 $8,155,000 $209,103 $3,760 3.12%
DAYTON-KETTERING, OH 53 $8,035,000 $151,604 $3,171 3.40%
BOULDER, CO 24 $7,350,000 $306,250 $3,484 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV 22 $7,290,000 $331,364 $3,846 3.23%
ST. GEORGE, UT 28 $6,970,000 $248,929 $3,714 3.22%
AMARILLO, TX 33 $6,885,000 $208,636 $3,895 3.04%
COLORADO SPRINGS, CO 25 $6,855,000 $274,200 $3,856 3.03%
NORTH PORT-SARASOTA-BRADENTON, FL 24 $6,810,000 $283,750 $4,406 3.26%
TACOMA-LAKEWOOD, WA 21 $6,795,000 $323,571 $5,145 3.06%
TEXARKANA, TX-AR 42 $5,940,000 $141,429 $1,347 3.10%
BIRMINGHAM-HOOVER, AL 32 $5,780,000 $180,625 $2,329 2.92%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 16 $5,740,000 $358,750 $4,943 3.40%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 26 $5,380,000 $206,923 $5,092 2.92%
JACKSONVILLE, NC 28 $4,890,000 $174,643 $3,464 3.50%
LAKE CHARLES, LA 16 $4,820,000 $301,250 $168 2.81%
NAPLES-MARCO ISLAND, FL 16 $4,750,000 $296,875 $4,116 3.20%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 18 $4,620,000 $256,667 $4,200 3.31%
RALEIGH-CARY, NC 17 $4,365,000 $256,765 $3,322 3.03%
LANCASTER, PA 20 $4,190,000 $209,500 $3,386 3.12%
HOT SPRINGS, AR 18 $4,070,000 $226,111 $2,473 2.90%
CAPE CORAL-FORT MYERS, FL 14 $4,020,000 $287,143 $5,473 3.20%
BROWNSVILLE-HARLINGEN, TX 22 $4,010,000 $182,273 $3,599 3.32%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 16 $3,930,000 $245,625 $3,839 3.36%
GREENVILLE-ANDERSON, SC 16 $3,900,000 $243,750 $3,578 3.16%
SIOUX CITY, IA-NE-SD 25 $3,775,000 $151,000 $607 3.30%
CARSON CITY, NV 15 $3,725,000 $248,333 $5,383 3.68%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 17 $3,675,000 $216,176 $3,988 3.15%
CHATTANOOGA, TN-GA 14 $3,530,000 $252,143 $2,186 3.02%
SAVANNAH, GA 16 $3,350,000 $209,375 $2,816 3.05%
MEMPHIS, TN-MS-AR 14 $3,170,000 $226,429 $3,098 3.14%
CLEVELAND, TN 16 $3,080,000 $192,500 $3,084 3.09%
POCATELLO, ID 18 $3,040,000 $168,889 $3,178 3.28%
DECATUR, AL 19 $3,015,000 $158,684 $2,679 2.98%
LAKELAND-WINTER HAVEN, FL 14 $3,010,000 $215,000 $4,755 3.00%
ST. LOUIS, MO-IL 15 $2,785,000 $185,667 $3,258 3.10%
SIOUX FALLS, SD 11 $2,765,000 $251,364 $2,646 3.06%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 7 $2,645,000 $377,857 $5,435 3.14%
RICHMOND, VA 10 $2,630,000 $263,000 $3,380 2.83%
BECKLEY, WV 18 $2,480,000 $137,778 $3,752 3.35%
PALM BAY-MELBOURNE-TITUSVILLE, FL 12 $2,360,000 $196,667 $3,347 3.16%
CLEVELAND-ELYRIA, OH 15 $2,355,000 $157,000 $3,270 3.83%
LEBANON, PA 12 $2,310,000 $192,500 $3,463 3.36%
JOHNSON CITY, TN 12 $2,310,000 $192,500 $4,114 3.18%
SALISBURY, MD-DE 8 $2,270,000 $283,750 $3,361 3.03%
MOUNT VERNON-ANACORTES, WA 10 $2,250,000 $225,000 $4,822 2.95%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 11 $2,185,000 $198,636 $3,186 2.72%
TWIN FALLS, ID 11 $2,175,000 $197,727 $4,160 3.44%
BRIDGEPORT-STAMFORD-NORWALK, CT 4 $2,090,000 $522,500 $5,098 2.91%
DAPHNE-FAIRHOPE-FOLEY, AL 7 $2,075,000 $296,429 $3,706 3.32%
CHEYENNE, WY 6 $2,020,000 $336,667 $3,448 3.19%
HUNTSVILLE, AL 8 $1,920,000 $240,000 $4,114 3.25%
DETROIT-DEARBORN-LIVONIA, MI 8 $1,830,000 $228,750 $4,356 3.38%
GAINESVILLE, GA 4 $1,820,000 $455,000 $2,528 2.84%
WARREN-TROY-FARMINGTON HILLS, MI 6 $1,810,000 $301,667 $4,958 3.50%
TUCSON, AZ 7 $1,785,000 $255,000 $5,372 3.29%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 6 $1,750,000 $291,667 $4,897 2.65%
LAFAYETTE, LA 9 $1,715,000 $190,556 $4,151 2.98%
DOVER, DE 7 $1,705,000 $243,571 $3,898 3.30%
HAGERSTOWN-MARTINSBURG, MD-WV 8 $1,690,000 $211,250 $4,371 2.91%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 8 $1,670,000 $208,750 $4,499 3.09%
WICHITA FALLS, TX 11 $1,645,000 $149,545 $3,614 3.07%
HOUMA-THIBODAUX, LA 11 $1,635,000 $148,636 $2,567 2.45%
LOGAN, UT-ID 5 $1,615,000 $323,000 $9,302 2.73%
GREENSBORO-HIGH POINT, NC 7 $1,605,000 $229,286 $3,764 3.50%
PUEBLO, CO 8 $1,560,000 $195,000 $4,865 3.56%
KINGSPORT-BRISTOL, TN-VA 10 $1,520,000 $152,000 $3,512 3.39%
EUGENE-SPRINGFIELD, OR 5 $1,505,000 $301,000 $6,552 2.83%
PENSACOLA-FERRY PASS-BRENT, FL 6 $1,470,000 $245,000 $5,523 3.29%
WINSTON-SALEM, NC 9 $1,435,000 $159,444 $3,065 3.39%
PANAMA CITY, FL 6 $1,400,000 $233,333 $4,915 3.04%
MILWAUKEE-WAUKESHA, WI 7 $1,355,000 $193,571 $2,497 3.00%
COEUR D'ALENE, ID 6 $1,350,000 $225,000 $3,535 3.25%
PARKERSBURG-VIENNA, WV 8 $1,340,000 $167,500 $3,102 3.58%
GRAND JUNCTION, CO 7 $1,295,000 $185,000 $3,304 3.16%
TOLEDO, OH 8 $1,290,000 $161,250 $3,851 3.61%
ELGIN, IL 4 $1,280,000 $320,000 $1,473 3.94%
ASHEVILLE, NC 6 $1,270,000 $211,667 $2,282 3.40%
HARRISBURG-CARLISLE, PA 7 $1,235,000 $176,429 $3,859 3.21%
SPOKANE-SPOKANE VALLEY, WA 4 $1,200,000 $300,000 $1,321 3.00%
MORGANTOWN, WV 9 $1,165,000 $129,444 $2,002 3.11%
VICTORIA, TX 7 $1,165,000 $166,429 $3,080 3.30%
GULFPORT-BILOXI, MS 7 $1,135,000 $162,143 $1,755 3.16%
DURHAM-CHAPEL HILL, NC 4 $1,120,000 $280,000 $2,743 2.97%
ROANOKE, VA 5 $1,075,000 $215,000 $3,992 3.60%
NEW BERN, NC 4 $1,070,000 $267,500 $5,725 2.97%
YORK-HANOVER, PA 5 $1,065,000 $213,000 $3,766 2.78%
CHICAGO-NAPERVILLE-EVANSTON, IL 6 $1,030,000 $171,667 $3,003 2.60%
DULUTH, MN-WI 6 $1,020,000 $170,000 $2,371 3.44%
AUGUSTA-RICHMOND COUNTY, GA-SC 6 $1,000,000 $166,667 $2,735 3.35%
FARMINGTON, NM 6 $990,000 $165,000 $3,511 3.50%
KENNEWICK-RICHLAND, WA 4 $980,000 $245,000 $3,118 3.31%
CLARKSVILLE, TN-KY 4 $970,000 $242,500 $4,203 3.28%
EAST STROUDSBURG, PA 6 $950,000 $158,333 $3,976 3.29%
WALLA WALLA, WA 3 $935,000 $311,667 $4,033 3.04%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 6 $920,000 $153,333 $1,953 3.54%
CHARLOTTESVILLE, VA 3 $915,000 $305,000 $2,204 3.21%
TUSCALOOSA, AL 4 $880,000 $220,000 $2,889 3.78%
ALBANY-LEBANON, OR 3 $875,000 $291,667 $3,089 3.13%
WATERLOO-CEDAR FALLS, IA 3 $875,000 $291,667 $0 3.04%
JACKSON, MS 3 $865,000 $288,333 $2,792 3.00%
SHREVEPORT-BOSSIER CITY, LA 5 $865,000 $173,000 $4,821 2.75%
THE VILLAGES, FL 3 $855,000 $285,000 $3,069 2.96%
MANHATTAN, KS 5 $835,000 $167,000 $2,130 3.08%
BRUNSWICK, GA 3 $815,000 $271,667 $2,938 2.79%
MIAMI-MIAMI BEACH-KENDALL, FL 4 $780,000 $195,000 $2,831 3.09%
BELLINGHAM, WA 3 $765,000 $255,000 $2,966 2.17%
OCALA, FL 5 $755,000 $151,000 $2,937 3.38%
MONROE, LA 3 $745,000 $248,333 $5,066 2.79%
ROCKY MOUNT, NC 3 $745,000 $248,333 $2,658 2.79%
COLUMBUS, IN 4 $730,000 $182,500 $2,572 3.25%
MEDFORD, OR 2 $720,000 $360,000 $8,183 3.06%
LANSING-EAST LANSING, MI 3 $715,000 $238,333 $4,510 3.71%
CUMBERLAND, MD-WV 4 $710,000 $177,500 $3,726 3.28%
WINCHESTER, VA-WV 3 $695,000 $231,667 $3,617 3.08%
OLYMPIA-LACEY-TUMWATER, WA 3 $665,000 $221,667 $4,474 2.46%
SPRINGFIELD, OH 4 $660,000 $165,000 $4,449 3.50%
JACKSON, TN 3 $655,000 $218,333 $6,448 3.13%
CASPER, WY 2 $640,000 $320,000 $4,781 3.00%
TOPEKA, KS 4 $610,000 $152,500 $2,632 3.34%
ANN ARBOR, MI 2 $590,000 $295,000 $2,794 3.25%
LEXINGTON-FAYETTE, KY 3 $585,000 $195,000 $5,739 2.96%
TALLAHASSEE, FL 3 $575,000 $191,667 $3,710 3.29%
AKRON, OH 3 $575,000 $191,667 $3,072 3.00%
SCRANTON--WILKES-BARRE, PA 2 $560,000 $280,000 $3,477 3.19%
HICKORY-LENOIR-MORGANTON, NC 2 $550,000 $275,000 $5,199 3.25%
MADISON, WI 2 $550,000 $275,000 $4,871 3.19%
FAYETTEVILLE, NC 4 $530,000 $132,500 $2,276 2.38%
LAWRENCE, KS 2 $530,000 $265,000 $3,893 3.13%
RACINE, WI 3 $525,000 $175,000 $1,639 3.04%
DALTON, GA 1 $515,000 $515,000 $1,335 3.13%
CORVALLIS, OR 2 $510,000 $255,000 $6,724 3.00%
CALIFORNIA-LEXINGTON PARK, MD 2 $480,000 $240,000 $3,074 3.13%
BLOOMSBURG-BERWICK, PA 2 $470,000 $235,000 $1,921 3.63%
NORWICH-NEW LONDON, CT 1 $465,000 $465,000 $4,501 2.75%
GARY, IN 3 $465,000 $155,000 $4,099 3.04%
SPARTANBURG, SC 2 $460,000 $230,000 $3,635 2.81%
PUNTA GORDA, FL 2 $460,000 $230,000 $3,715 3.13%
CEDAR RAPIDS, IA 3 $455,000 $151,667 $595 3.75%
BLOOMINGTON, IN 2 $450,000 $225,000 $5,406 3.63%
BURLINGTON, NC 1 $445,000 $445,000 $1,987 2.75%
GAINESVILLE, FL 2 $430,000 $215,000 $1,482 3.94%
AMES, IA 2 $430,000 $215,000 $0 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ 2 $420,000 $210,000 $4,525 2.81%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1 $415,000 $415,000 $3,614 3.00%
ATHENS-CLARKE COUNTY, GA 2 $410,000 $205,000 $2,732 3.19%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $390,000 $195,000 $4,211 3.00%
SALEM, OR 2 $390,000 $195,000 $4,251 3.75%
FLAGSTAFF, AZ 1 $375,000 $375,000 $13,537 2.88%
FARGO, ND-MN 1 $355,000 $355,000 $0 3.25%
HOMOSASSA SPRINGS, FL 3 $345,000 $115,000 $3,735 3.17%
DUBUQUE, IA 2 $340,000 $170,000 $1,326 3.38%
MANKATO, MN 1 $335,000 $335,000 $0 3.38%
HARRISONBURG, VA 2 $310,000 $155,000 $2,748 2.88%
JONESBORO, AR 2 $310,000 $155,000 $2,495 3.75%
LAFAYETTE-WEST LAFAYETTE, IN 2 $300,000 $150,000 $3,406 4.06%
EVANSVILLE, IN-KY 2 $300,000 $150,000 $3,582 3.19%
WHEELING, WV-OH 3 $285,000 $95,000 $2,529 3.38%
WARNER ROBINS, GA 1 $275,000 $275,000 $4,709 3.63%
IOWA CITY, IA 1 $265,000 $265,000 $0 3.75%
FLORENCE, SC 3 $255,000 $85,000 $3,592 3.67%
LEWISTON, ID-WA 1 $255,000 $255,000 $6,793 2.75%
COLUMBIA, MO 1 $255,000 $255,000 $4,943 3.50%
VISALIA, CA 1 $255,000 $255,000 $1,628 4.13%
SEBASTIAN-VERO BEACH, FL 2 $250,000 $125,000 $4,960 4.13%
GADSDEN, AL 1 $245,000 $245,000 $3,774 3.25%
GRANTS PASS, OR 1 $245,000 $245,000 $708 3.13%
NEW HAVEN-MILFORD, CT 1 $245,000 $245,000 $4,080 2.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2 $240,000 $120,000 $3,541 4.63%
SEBRING-AVON PARK, FL 1 $235,000 $235,000 $4,228 3.75%
MONTGOMERY, AL 1 $235,000 $235,000 $7,931 4.25%
YAKIMA, WA 1 $225,000 $225,000 $10,322 3.00%
BAY CITY, MI 2 $220,000 $110,000 $1,342 3.38%
MUNCIE, IN 2 $210,000 $105,000 $4,029 3.94%
ELIZABETHTOWN-FORT KNOX, KY 1 $205,000 $205,000 $9,864 3.00%
ALEXANDRIA, LA 2 $200,000 $100,000 $2,572 3.69%
GOLDSBORO, NC 1 $195,000 $195,000 $6,480 3.63%
FORT WAYNE, IN 1 $195,000 $195,000 $6,575 3.75%
PINE BLUFF, AR 2 $170,000 $85,000 $2,472 3.25%
HINESVILLE, GA 1 $165,000 $165,000 $4,100 2.25%
WILLIAMSPORT, PA 1 $155,000 $155,000 $2,487 3.25%
LIMA, OH 1 $155,000 $155,000 $3,211 3.25%
STATE COLLEGE, PA 1 $145,000 $145,000 $3,084 3.38%
LYNCHBURG, VA 1 $145,000 $145,000 $2,483 2.50%
KOKOMO, IN 1 $145,000 $145,000 $2,776 2.75%
WEIRTON-STEUBENVILLE, WV-OH 1 $145,000 $145,000 $3,231 3.00%
HATTIESBURG, MS 1 $145,000 $145,000 $0 2.88%
BISMARCK, ND 1 $135,000 $135,000 $1,597 3.00%
ANNISTON-OXFORD, AL 2 $130,000 $65,000 $1,792 3.00%
MACON-BIBB COUNTY, GA 1 $125,000 $125,000 $4,066 3.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1 $125,000 $125,000 $4,714 4.75%
CAPE GIRARDEAU, MO-IL 1 $125,000 $125,000 $3,678 3.25%
VALDOSTA, GA 1 $105,000 $105,000 $2,481 3.13%
JEFFERSON CITY, MO 1 $105,000 $105,000 $0 4.25%
FLINT, MI 2 $90,000 $45,000 $2,741 6.00%
DANVILLE, IL 1 $75,000 $75,000 $1,700 3.63%
MONROE, MI 1 $45,000 $45,000 $2,729 4.13%

Gateway First Bank's top markets include Houston, Dallas, San Antonio, Fort Worth, and Oklahoma City among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 16,689 $3,771,325,000 $225,977
2.5-3% 15,440 $3,744,940,000 $242,548
<2.5% 4,337 $725,735,000 $167,336
4-5% 2,560 $450,790,000 $176,090
5-6% 532 $73,080,000 $137,368
6-7% 34 $3,150,000 $92,647
7-8% 3 $75,000 $25,000

During 2020, Gateway First Bank's average interest rate was 3.16%, while their most frequently originated rate bucket was 3-4%, with 16,689 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 17,445 $4,773,345,000 $273,623 $4,305 3.14%
$100k-200k 15,083 $2,328,605,000 $154,386 $3,417 3.25%
$100,000 or less 4,011 $207,945,000 $51,844 $1,633 2.45%
$400k-600k 2,883 $1,332,425,000 $462,166 $4,798 3.06%
$600k-1MM 166 $116,050,000 $699,096 $7,498 3.03%
$1MM+ 9 $11,295,000 $1,255,000 $19,178 3.11%

2020 saw Gateway First Bank place emphasis on $200k-400k loans with 17,445 originations, totaling $4,773,345,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 10,351 $1,876,825,000 $181,318 $3,742 3.08%
$100k-150k 8,517 $2,236,935,000 $262,644 $3,951 3.13%
$75k-100k 7,566 $1,678,520,000 $221,850 $3,957 3.12%
$50k or less 6,801 $914,145,000 $134,413 $3,131 3.07%
$150k-250k 4,813 $1,507,885,000 $313,294 $3,894 3.12%
$250k+ 1,457 $529,055,000 $363,113 $3,889 3.17%

Gateway First Bank lent most frequently to those with incomes in the $50k-75k range, with 10,351 originations. The second most popular income band? $100k-150k, with 8,517 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 8,557 $1,919,305,000 $224,296 $3,331 3.06%
30-36% 7,203 $1,597,855,000 $221,832 $3,552 3.10%
<20% 3,638 $834,990,000 $229,519 $3,166 2.96%
50-60% 2,408 $502,610,000 $208,725 $5,617 3.18%
44% 1,683 $361,985,000 $215,083 $3,907 3.18%
43% 1,521 $332,515,000 $218,616 $3,975 3.17%
41% 1,500 $326,400,000 $217,600 $3,807 3.13%
42% 1,459 $320,895,000 $219,942 $3,860 3.18%
40% 1,443 $313,725,000 $217,412 $3,686 3.14%
39% 1,384 $295,460,000 $213,483 $3,693 3.11%
37% 1,344 $295,730,000 $220,037 $3,519 3.12%
38% 1,290 $284,090,000 $220,225 $3,606 3.12%
36% 1,288 $290,350,000 $225,427 $3,710 3.13%
45% 1,077 $235,975,000 $219,104 $4,150 3.15%
49% 957 $220,535,000 $230,444 $4,459 3.20%
46% 953 $209,935,000 $220,289 $4,041 3.10%
48% 870 $193,760,000 $222,713 $4,241 3.20%
47% 870 $190,450,000 $218,908 $4,253 3.16%
>60% 55 $15,175,000 $275,909 $6,178 2.95%

Gateway First Bank lent most frequently to those with DTI ratios of 20-30%, with 8,557 originations. The next most common DTI ratio? 30-36%, with 7,203 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 31,653 $7,040,745,000 $222,435 $3,712 3.12%
Not provided 3,744 $864,960,000 $231,026 $3,938 3.08%
Black 2,315 $441,445,000 $190,689 $3,977 2.87%
Asian 752 $173,930,000 $231,290 $3,629 3.03%
American Indian 819 $168,185,000 $205,354 $3,682 3.10%
Asian Indian 126 $38,350,000 $304,365 $3,840 3.00%
Native Hawaiian 73 $16,575,000 $227,055 $3,927 3.23%
Filipino 26 $5,980,000 $230,000 $4,377 2.99%
Other Asian 26 $5,630,000 $216,538 $4,877 3.03%
Korean 14 $3,610,000 $257,857 $4,439 3.11%
Chinese 16 $3,580,000 $223,750 $3,790 3.15%
Vietnamese 17 $3,065,000 $180,294 $2,832 3.07%
Other Pacific Islander 10 $1,980,000 $198,000 $4,506 3.41%
Japanese 3 $885,000 $295,000 $5,537 2.92%
Samoan 3 $745,000 $248,333 $3,423 2.83%

Approval Rates

Total approvals of all applications
96.94%

Gateway First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
68.97%

Gateway First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 39,597 $8,769,665,000 $221,473

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 571 $80,565,000 $141,095
Single Family (1-4 Units):Site-Built 39,026 $8,689,100,000 $222,649

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 961 $150,775,000 $156,894 $2,877 3.01%
40-60% 3,507 $722,405,000 $205,989 $3,129 2.97%
60-80% 11,674 $2,790,890,000 $239,069 $3,434 3.17%
80-100% 21,181 $4,900,645,000 $231,370 $4,158 3.25%
Over 100% 631 $178,045,000 $282,163 $9,931 3.10%
Under 20% 1,643 $26,905,000 $16,376 $165 1.02%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Gateway First Bank 107 South Main Street Nash, OK 73761 Full Service B&M $15,569
Gateway First Bank 111 East Grand Street Tonkawa, OK 74653 Full Service B&M $47,188
Gateway First Bank 116 North 7th Street Tonkawa, OK 74653 Limited, Drive-thru $186
Gateway First Bank 1716 Main Street Wakita, OK 73771 Full Service B&M $9,065
Gateway First Bank 220 N. Main Helena, OK 73741 Full Service B&M $23,451
Gateway First Bank 244 S Gateway Pl Jenks, OK 74037 Limited, Drive-thru $369,841
Gateway First Bank 244 South Gateway Place Jenks, OK 74037 Full Service B&M $0
Gateway First Bank 419 S Grand Ave Cherokee, OK 73728 Full Service B&M $543,689

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $39,534
Net interest income $30,045
Total noninterest income $326,441
Gross Fiduciary activities income $0
Service charges on deposit accounts $304
Trading account gains and fees $0
Additional Noninterest Income $326,137
Pre-tax net operating income $141,921
Securities gains (or losses, -) $294
Income before extraordinary items $107,899
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $107,899
Minority interest net income $0
Net income $107,899
Sale, conversion, retirement of capital stock, net $-411
Net operating income $107,666

Bank Expenses

Item Value (in 000's)
Total interest expense $9,489
Provision for credit losses $5,263
Total noninterest expense $209,302
Salaries and employee benefits $139,505
Premises and equipment expense $12,310
Additional noninterest expense $57,487
Applicable income taxes $34,316
Net charge-offs $403
Cash dividends $35,000

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 27.0%
Real Estate loans 28.0%
Construction & Land Development loans 3.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 30.0%
HELOC loans 0.0%
All other family 30.0%
Commercial & industrial loans 6.0%
Personal loans 4.0%
Credit card loans 0.0%
Other individual loans 4.0%
Auto loans 5.0%
Other consumer loans 3.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $931,187
Deposits held in domestic offices $931,187
Deposits by Individuals, partnerships, and corporations $688,296
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $86,767
Deposits by Commercial banks and other depository institutions in U.S. $156,124
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $124,816
Demand deposits $105,219
Nontransaction accounts $806,371
Money market deposit accounts (MMDAs) $402,032
Other savings deposits (excluding MMDAs) $42,131
Total time deposits $362,208
Total time and savings deposits $825,968
Noninterest-bearing deposits $256,999
Interest-bearing deposits $674,188
Retail deposits $718,053
IRAs and Keogh plan accounts $20,227
Brokered deposits $72,739
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,197,983
Cash & Balances due from depository institutions $176,971
Interest-bearing balances $163,784
Total securities $53,522
Federal funds sold & reverse repurchase $74
Net loans and leases $1,721,986
Loan and leases loss allowance $6,160
Trading account assets $0
Bank premises and fixed assets $7,329
Other real estate owned $0
Goodwill and other intangibles $124,327
All other assets $113,774

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,197,983
Total Liabilities $1,917,501
Total deposits $931,187
Interest-bearing deposits $674,188
Deposits held in domestic offices $931,187
% insured (estimated) $45
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $903,239
Subordinated debt $0
All other liabilities $83,075

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,721,986
Loan and leases loss allowance $6,160
Total loans and leases (domestic) $1,728,146
All real estate loans $1,627,219
Real estate loans in domestic offices $1,627,219
Construction and development loans $70,309
Residential 1-4 family construction $63,438
Other construction, all land development and other land $6,871
Loans secured by nonfarm nonresidential properties $46,362
Nonfarm nonresidential secured by owner-occupied properties $11,142
Commercial real estate & other non-farm, non-residential $35,220
Multifamily residential real estate $203
1-4 family residential loans $1,500,243
Farmland loans $10,102
Loans held in foreign offices $0
Farm loans $5,804
Commercial and industrial loans $83,785
To non-U.S. addressees $0
Loans to individuals $2,421
Credit card loans $0
Related Plans $0
Consumer Auto Loans $316
Other loans to individuals $2,105
All other loans & leases $9,363
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $1,641
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $13,985
Non 1-4 family restructured loans & leases $1,154
Total loans and leases (foreign) $0

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 34 $8,121 $238,853
Nonfarm, nonresidential loans - <$100k 8 $251 $31,375
Nonfarm, nonresidential loans - $100-250k 7 $705 $100,714
Nonfarm, nonresidential loans - $250k-1MM 19 $7,165 $377,105
Commercial & Industrial, US addressed loans - <$1MM 280 $32,689 $116,746
Commercial & Industrial, US addressed loans - <$100k 110 $2,293 $20,845
Commercial & Industrial, US addressed loans - $100-250k 69 $4,911 $71,174
Commercial & Industrial, US addressed loans - $250k-1MM 101 $25,485 $252,327
Farmland loans - <$1MM 53 $6,342 $119,660
Farmland loans - <$100k 19 $528 $27,789
Farmland loans - $100-250k 24 $2,777 $115,708
Farmland loans - $250k-1MM 10 $3,037 $303,700
Agriculture operations loans - <$1MM 120 $3,299 $27,492
Agriculture operations loans - <$100k 95 $1,474 $15,516
Agriculture operations loans - $100-250k 17 $968 $56,941
Agriculture operations loans - $250k-1MM 8 $857 $107,125