Gate City Bank
Gate City Bank reported total assets of $4.0 bn at Q2 2026, up 7.8% on a year earlier, the 326th largest of 497 banks in our US coverage. Gate City Bank uses the community bank leverage ratio framework, with a leverage ratio of 9.85%, and the uninsured share of Gate City Bank was 10.91%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Gate City Bank climbed from 448th to 368th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Gate City Bank reports one of the lowest uninsured share of domestic deposits readings among banks of $1 bn to $10 bn: 10.91% at , where the median of the 339 banks is 32.61% (FDIC Call Reports).
- At 74.56%, the efficiency ratio of Gate City Bank sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 56.87% (FDIC Call Reports).
What sets Gate City Bank apart
How large is Gate City Bank?
The balance sheet of Gate City Bank at : assets $4.0 bn, deposits $3.6 bn, net loans $3.0 bn (loans equal to 82.50% of deposits). Securities make up 14.7% of total assets at Gate City Bank. Since , when Gate City Bank held $1.9 bn, its assets grew 113.7%. In the year to , deposits at Gate City Bank rose 8.3% while its total assets rose 7.8%. At , Gate City Bank employed 683 full-time equivalent staff across 46 offices, about $5.9 mn of assets per employee and $78.5 mn of deposits per office.
How much funding at Gate City Bank is uninsured?
At Gate City Bank, uninsured deposits (above the FDIC limit) made up 10.91% of domestic deposits at (+1.38 pp on a year earlier); Gate City Bank ranks 467th of 500 on this measure. In dollars, Gate City Bank estimated $394.1 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.6 bn | +8.3% | 306th of 499 |
| Net loans and leases | $3.0 bn | +1.1% | 314th of 500 |
| Loan-to-deposit ratio | 82.50% | -5.86 pp | 313th of 500 |
| Net interest margin | 3.70% | +0.39 pp | 227th of 500 |
| Return on assets (ROA) | 0.85% | +0.36 pp | 429th of 500 |
| Efficiency ratio | 74.56% | -7.23 pp | 460th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $56,000 | Narrowed by $169,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $28.7 mn | Narrowed by $4.0 mn | |
| Noncurrent loans to total loans | 0.69% | -0.03 pp | 277th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.16% | +0.02 pp | 314th of 500 (1 = lowest) |
US rank of Gate City Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Gate City Bank: assets, deposits and loans
- Total assets $4.0bn
- Deposits $3.6bn
- Net loans $3.0bn
Capital and securities
Gate City Bank uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 9.85% in . Equity capital of Gate City Bank at : $373.7 mn, or 9.2% of total assets.
On held-to-maturity securities, Gate City Bank carried an unrealized loss of $56,000 at , equal to 0.0% of equity capital. The loss narrowed by $169,000 over the year. Its deepest point: $1.0 mn in . The available-for-sale portfolio of Gate City Bank showed an unrealized loss of $28.7 mn at ; the loss narrowed by $4.0 mn over the year.
Gate City Bank: capital ratios
- Total capital 16%
- CET1 16%
- Tier 1 leverage 9.8%
Gate City Bank: unrealized securities gains and losses
- Available for sale -$29mn
- Held to maturity -$56,000
Profitability and loan quality
For the year to , Gate City Bank earned a return on equity of 9.30%; return on assets: 0.85%. Net interest margin at Gate City Bank: 3.70%, +0.39 pp in a year. Gate City Bank net income: $17.0 mn, up 86.6% year on year. The efficiency ratio of Gate City Bank was 74.56%: about 75 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.69% of total loans at Gate City Bank; net charge-offs: 0.16% of average loans. Gross loans and leases at Gate City Bank: $3.0 bn, up 1.2% in a year.
Gate City Bank: profitability
- Return on equity 9.3%
- Net interest margin 3.7%
- Return on assets 0.8%
Peer group of Gate City Bank
The peer group of Gate City Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Gate City Bank (federal savings bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in North Dakota. Against them, Gate City Bank shows return on equity 9.30% against a peer median of 8.96% and uninsured deposit share 10.91% against a peer median of 45.55%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| United Community Bank | State nonmember bank | IL | $4.1 bn | 13.70% | 13.12% | 35.03% | |
| Woori America Bank | State nonmember bank | NY | $4.1 bn | 18.34% | 5.52% | 68.67% | |
| First Bank | State nonmember bank | NJ | $4.1 bn | 10.89% | 8.25% | 39.35% | |
| Gate City Bank | Federal savings bank | ND | $4.0 bn | not reported | 9.30% | 10.91% | |
| Spencer Savings Bank, SLA | State-chartered stock savings and loan association | NJ | $4.0 bn | 16.80% | 5.41% | 41.60% | |
| West Bank | State nonmember bank | IA | $4.0 bn | 13.03% | 13.02% | 49.50% | |
| California Bank of Commerce | National bank | CA | $4.0 bn | 13.93% | 9.68% | 50.40% | |
. FDIC Call Reports.
Last eight quarters
Two years at Gate City Bank, to : assets +9.6%, deposits +13.6%, equity +14.3%. Staff 662 to 683.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.8 bn | $3.8 bn | $3.8 bn | $3.8 bn | $4.0 bn | $4.0 bn | $4.0 bn |
| Total deposits | $3.2 bn | $3.3 bn | $3.4 bn | $3.3 bn | $3.4 bn | $3.6 bn | $3.6 bn | $3.6 bn |
| Bank equity capital | $327.1 mn | $324.1 mn | $332.6 mn | $339.7 mn | $350.6 mn | $359.7 mn | $364.2 mn | $373.7 mn |
| Return on equity (ROE) | 3.08% | 3.61% | 5.03% | 5.49% | 6.33% | 6.77% | 9.05% | 9.30% |
| Uninsured share of domestic deposits | 9.42% | 9.90% | 10.23% | 9.53% | 10.19% | 9.36% | 10.44% | 10.91% |
| Full-time equivalent employees | 662 | 673 | 664 | 676 | 667 | 670 | 674 | 683 |
| Number of offices | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Gate City Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Gate City Bank?
Gate City Bank reported $4.0 bn at in its Call Report. That makes Gate City Bank the 326th largest of 497 banks in our US coverage.
Is Gate City Bank profitable?
Gate City Bank reported net income of $17.0 mn for the year to ; annualized return on equity: 9.30%. So yes: Gate City Bank made a profit over these months.
When is data for Gate City Bank next updated?
Figures from Gate City Bank for are due after .
Where can I check the figures for Gate City Bank?
In the FDIC BankFind Suite record for certificate 27774, and in the Call Reports of Gate City Bank (RSSD ID 657271) at the FFIEC Central Data Repository.