Gala Bank
Ocala, FL
IDRSSD: 5839915
Total Assets
$30.90M
Latest filing
Total Deposits
$21.24M
Latest filing
Net Interest Margin
4.66%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
063117150OCALA, FL
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Gala Bank
517 Sw 27th Ave
Ocala, FL 34471
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/30/2024FDIC Certificate 663156
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Gala Bank (Main) | 517 Sw 27th Ave | Ocala, FL | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 12/30/2024 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 34471 |
| State and County Number | 12083 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Ocala, FL |
Operational Info
| Number of Employees | 13 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 12/30/2024 |
| Date of Deposit Insurance | 12/30/2024 |
| Primary Insurance Agency | DIF |
| Website | www.gala.bank |
| Data Updated | 01/30/2026 |
| CERT | 59358 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $30.90M |
| Total Deposits | $21.24M |
| Total Liabilities | $21.32M |
| Total Equity Capital | $9.58M |
| Net Income | $-246,000 |
| Net Loans and Leases | $14.51M |
| Assets Per Employee ($Millions) | $1.93M |
| Bank Premises and Fixed Assets | $3.33M |
| Cash and Balances due from Depository Institutions | $1.11M |
| Deposits Held in Domestic Offices | $21.24M |
Key Performance Ratios
| Return on Assets (ROA) | -3.23% |
| Return on Equity (ROE) | -10.17% |
| Net Interest Margin | 4.66% |
| Efficiency Ratio | 197.12% |
| Tier 1 Risk-Based Capital Ratio | 39.007% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.33% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 31.003% |
| Earning Assets to total Assets | 82.71% |
Income and Expense
| Total Interest Income | $377.00k |
| Total Noninterest Income | $16.00k |
| Total Interest Expense | $80.00k |
| Total Noninterest Expense | $617.00k |
| Net Interest Income | $297.00k |
| Pre-tax Net Operating Income | $-329,000 |
| Provision for Credit Losses | $25.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $5.30M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $80.00k |
| Total Liabilities and Capital | $30.90M |
Securities
| Securities | $5.49M |
| Available-for-sale debt securities | $5.49M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Gala Bank?
$30.90M as of the latest filing.
How much are Gala Bank's total deposits?
$21.24M in total deposits.
Where is Gala Bank located?
Ocala, FL.
What is the Net Interest Margin?
4.66%.
How many domestic offices does it operate?
1.
When was it established?
12/30/2024.
What is the Return on Assets (ROA)?
-3.23%.
How much are total loans and leases?
$14.51M (latest filing).
What is the total interest income (latest filing)?
$377.00k.