Gateway First Bank Mortgage Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 54930034MNPILHP25H80

Tax ID: 73-1577221

2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Lien Type
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Bank Data *NEW*

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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