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Overview / Commentary
500 Second Avenue North
Fargo, ND 58102

Gate City Bank is headquartered in Fargo and is the 3rd largest bank in the state of North Dakota. It is also the 412st largest bank in the nation. It was established in 1923 and as of June of 2014, it had grown to 411 employees at 34 locations. Gate City Bank has a A+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Gate City Bank had $1.55 million in non-current loans and owned real-estate with $196.48 million in equity and loan loss allowances on hand to cover it. This gives Gate City Bank a Texas Ratio of 0.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Gate City Bank decreased dramatically from 1.69% as of June 30, 2013 to 0.79% as of June 30, 2014, resulting in a positive change of 53.46%.This indicates that the balance sheet and financial strength for Gate City Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Gate City Bank has increased its total deposits by $105.96 million, resulting in 7.55% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Gate City Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Gate City Bank has $1.71 billion in assets with $196.48 million in equity, resulting in a capitalization level of 11.50%, which is excellent.

Institution Statistics

FDIC Certificate #27774
Year Established1923
Primary RegulatorOCC
Assets and Liabilities
Assets$1.71 billion
Loans$1.35 billion
Deposits$1.51 billion
Equity Capital$187.84 million
Loan Loss Allowance$8.64 million
Unbacked Noncurrent Loans$330,000
Real Estate Owned$1.22 million
Historic Data - June 2013
Assets$1.60 billion
Equity Capital$177.99 million
Loan Loss Allowance$8.16 million
Unbacked Noncurrent Loans$330,000
Real Estate Owned$1.60 million
Profit Margin - Quarterly
Return on Assets0.55%
Return on Equity5.04%
Interest Income$25.54 million

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Gate City Bank Savings Account Rates

0.02%$200-Personal Savings Account
0.02%$50-Personal Relationship Savings Account
0.02%$200-Business Savings Account
0.02%$50-Business Relationship Savings Account

Gate City Bank Money Market Rates

0.03%$500-Money Market Savings Account
0.03%$500-Business Money Market Account Savings

Gate City Bank Checking Account Rates

0.02%$2,500-Premium Interest Checking Account
0.01%$50-Current Checking Account
0.01%--Non-Profit Checking Account
0.01%$1,500-Business Interest Checking Account

Gate City Bank CD Rates

1.60%$1k-7 Year Relationship CD
1.60%$1k-Business 7 Year Relationship CD
1.50%$1k-5 Year Relationship CD
1.50%$1k-7 Year CD
1.50%$1k-Business 7 Year CD
1.50%$1k-Business 5 Year Relationship CD
1.40%$1k-5 Year CD
1.40%$1k-Business 5 Year CD
1.25%$1k-4 Year Relationship CD
1.25%$1k-Business 4 Year Relationship CD
1.15%$1k-4 Year CD
1.15%$1k-Business 4 Year CD
0.90%$1k-42 Month Adjust-a-Rate Relationship CD
0.90%$1k-Business 42 Month Adjust-a-Rate Relationship CD
0.85%$1k-3 Year Relationship CD
0.85%$1k-Business 3 Year Relationship CD
0.80%$1k-42 Month Adjust-a-Rate CD
0.80%$1k-Business 42 Month Adjust-a-Rate CD
0.75%$1k-30 Month Relationship CD
0.75%$1k-3 Year CD
0.75%$1k-Business 3 Year CD
0.75%$1k-Business 30 Month Relationship CD
0.65%$1k-30 Month CD
0.65%$1k-Business 30 Month CD
0.60%$1k-2 Year Relationship CD
0.60%$1k-Business 2 Year Relationship CD
0.50%$1k-18 Month Relationship CD
0.50%$1k-2 Year CD
0.50%$1k-Business 2 Year CD
0.50%$1k-Business 18 Month Relationship CD
0.40%$1k-15 Month Relationship CD
0.40%$1k-18 Month CD
0.40%$1k-Business 18 Month CD
0.40%$1k-Business 15 Month Relationship CD
0.30%$1k-1 Year Relationship CD
0.30%$1k-15 Month CD
0.30%$1k-Business 15 Month CD
0.30%$1k-Business 1 Year Relationship CD
0.25%$1k-9 Month Relationship CD
0.25%$1k-Business 9 Month Relationship CD
0.20%$1k-182 Day Relationship CD
0.20%$1k-1 Year CD
0.20%$1k-Business 1 Year CD
0.20%$1k-Business 182 Day Relationship CD
0.15%$1k-90 Day Relationship CD
0.15%$1k-9 Month CD
0.15%$1k-Business 9 Month CD
0.15%$1k-Business 90 Day Relationship CD
0.10%$1k-182 Day CD
0.10%$1k-Business 182 Day CD
0.05%$1k-90 Day CD
0.05%$1k-Business 90 Day CD

Gate City Bank IRA Rates

1.60%$100-7 Year IRA
1.50%$100-5 Year IRA
1.25%$100-4 Year IRA
0.90%$100-42 Month Adjust-a-Rate IRA
0.85%$100-3 Year IRA
0.75%$100-30 Month IRA
0.60%$100-2 Year IRA
0.50%$100-18 Month IRA
0.40%$100-15 Month IRA
0.30%$100-1 Year IRA
0.25%$100-9 Month IRA
0.20%$100-182 Day IRA
0.15%$100-90 Day IRA

Gate City Bank has 33 locations. Click to view all Gate City Bank locations.