Gala Bank
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Data as of · sourced from FFIEC call reports. How we update
Gala Bank is an FDIC-insured commercial bank headquartered in Ocala, FL, established in 2024 (FDIC certificate 59358), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $44.9M, the 79th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 29.51% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59358
- Headquarters
- Ocala, FL
- Established
- 2024
- Total assets, Q2 2026
- $44.9M
- CET1 ratio, Q2 2026
- 29.51%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 063117150
- Latest call report
- Q2 2026, FFIEC 051 · Gala Bank call report
- Asset rank in state
- 79th of 81 in Florida
Gala Bank spends more to run itself than most banks of its size. Based in Ocala, Florida, it had $45 million in assets at June 30, 2026, against $23 million a year earlier. It loses about $1.91 a year on every $100 of assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median $1.06). It also spends about 152 cents to bring in each dollar of revenue, about double the median of 69 cents for banks its size.
It lost $185,000 in the quarter. Concentration is the risk to watch: it holds commercial real estate loans worth 1.1 times its capital, 4.3 times the median of 26% for banks its size.
As of June 30, 2026, Gala Bank reported a CET1 capital ratio of 29.51%, a return on assets of -1.91%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 81 banks headquartered in Florida, Gala Bank is the 79th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 31.6% to $44.9M, loans rose 39.9% and deposits rose 44.1%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 41.1% of total loans, followed by non-owner-occupied commercial real estate loans at 27.2%. Its 2 offices in the FDIC Summary of Deposits are in Ocala, FL and Gainesville, FL; its Ocala office books 65% of its branch deposits. By the capital ratios in its Q2 2026 call report, Gala Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 517 Sw 27th Ave, Ocala, FL 34471
- County
- Marion
- Metro Area
- Ocala, FL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 30, 2024
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $35.5M
- Allowance for credit losses
- $156K
- Net charge-offs (YTD)
- $0
- Average total assets
- $38.7M
- Average total loans
- $19.7M
- Average interest-bearing deposits
- $15.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 30, 2024
- FDIC Cert
- 59358
- Fed RSSD
- 5839915
- Website
- www.gala.bank →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 6 quarters to Q2 2026, Gala Bank's total assets ran between $19.1M (Q1 2025) and $44.9M (Q2 2026), and it posted no profit in any of the 6 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$44.9M total assets against $23.2M; $35.7M total liabilities against $13.2M.
$22.1M net loans and leases against $7.0M; $35.5M total deposits against $13.2M.
$6.4M securities against $3.5M; $10.9M cash and balances due against $9.1M.
$514K total interest income against $230K; $97K total interest expense against $64K.
$417K net interest income against $166K.
$21K total noninterest income against $2K; $665K total noninterest expense against $371K.
$21K provision for credit losses against $37K.
-$185K net income against -$183K.
-1.91% return on assets against -3.59%; 4.96% net interest margin against 3.93%.
29.51% CET1 capital ratio against 77.63%; 22.07% tier 1 leverage ratio against 47.25%.
Inside the full Gala Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 7 quarters
Across the 7 quarters to Q2 2026, its return on assets ran from -53.90% (Q4 2024) to -1.91% (Q2 2026) and its net interest margin ran from 0.00% (Q4 2024) to 4.96% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 29.51% | -1.91% | 0.00% | 0.00% | 4.96% |
| Q1 2026 | 36.49% | -2.13% | 0.00% | 0.00% | 4.73% |
| Q4 2025 | 39.01% | -3.27% | 0.00% | 0.00% | 4.65% |
| Q3 2025 | 49.37% | -2.70% | 0.00% | 0.00% | 4.80% |
| Q2 2025 | 77.63% | -3.59% | 0.00% | 0.00% | 3.93% |
| Q1 2025 | 115.34% | -6.05% | 0.00% | 0.00% | 4.43% |
| Q4 2024 | 266.11% | -53.90% | — | 0.00% | 0.00% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Gala Bank (main office) | Ocala , FL | 34471 | $23.0M |
| Gainesville Branch | Gainesville , FL | 32607 | $12.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in FL, rank 166 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Gala Bank
What are Gala Bank's total assets?
As of the Q2 2026 filing, Gala Bank reported total assets of $44.9 million in its FFIEC call report.
Where is Gala Bank headquartered?
It is headquartered in Ocala, FL, United States.
When was Gala Bank founded?
It was established in 2024, per the FDIC institution directory.
Is Gala Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59358). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Gala Bank?
Gala Bank's primary federal regulator is the FDIC.
What is Gala Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 29.51% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Gala Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Gala Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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