Gateway First Bank Announces Its Annual Report: A Closer Look at the Numbers
As one of the leading banking institutions in the country, Gateway First Bank is dedicated to providing exceptional financial services to its customers. With a strong commitment to transparency, the bank has released its annual report, showcasing robust financial performance and key metrics. Let’s dive into the numbers and explore what these figures mean for Gateway First Bank and its customers.
About Gateway First Bank
Gateway First Bank is headquartered in Jenks, Oklahoma, and has been serving the banking needs of individuals and businesses for many years. As a community-focused bank, Gateway First Bank strives to deliver innovative products and personalized services to help customers achieve their financial goals.
Key Financial Metrics
Let’s take a closer look at the key financial metrics presented in the annual report:
| Bank Name | Bank Location | 3-Year Average ROAE 2020-2022 | ROAA | NIM | NPAs/Total Assets | Core Deposits/Total Assets |
|---|---|---|---|---|---|---|
| Gateway First Bank | Jenks, Oklahoma | 25.36% | 0.67% | 3.32% | 2.06% | 65.72% |
ROAE (Return on Average Equity): The 3-year average ROAE for Gateway First Bank from 2020 to 2022 stands at an impressive 25.36%. This metric indicates the bank’s ability to generate profits from shareholders’ equity, showcasing strong financial performance and management efficiency.
ROAA (Return on Average Assets): With a ROAA of 0.67%, Gateway First Bank demonstrates its ability to effectively utilize its assets to generate earnings. This metric reflects the bank’s profitability and overall asset management capabilities.
