This institution is no longer active

Operations ceased on May 9, 2009. CRA examination history below reflects the period it was active.

GATEWAY BANK & TRUST COMPANY

ELIZABETH CITY, NC · Supervised by FDIC

Est. 1998FDIC #34,861RSSD: FDIC-34861

Part ofHAMPTON ROADS BANKSHARES INC→ View all charters

Satisfactory

Current rating · Exam: April 2001

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.14%

Institution Profile

FDIC BankFind

Address

1143 North Road Street, ELIZABETH CITY, NC

County

Pasquotank County

Established

December 1, 1998

Total Assets

$2.2B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

April 1, 2001

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 25 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2009Call Report / FDIC

Total Assets

$2.2B

Total Deposits

$1.7B

Net Loans

$1.8B

Net Income

$6M

ROA

1.14%

ROE

9.58%

Risk-Based Capital

10.62%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate0.81%Peer avg: 9.91%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	123	92.68%	0.81%
2023	188	96.28%	1.06%
2019	67	95.52%	1.49%
2018	91	96.7%	1.10%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

This is the only examination on record for this bank.

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