Gate City Bank

Gate City Bank is headquartered in Fargo and is the 4^th largest bank in the state of North Dakota. It is also the 455^th largest bank in the nation. It was established in 1923 and as of March of 2012, it had grown to 348 employees at 32 locations. Gate City Bank has a 5-star health rating.

Gate City Bank Routing Number: 291370918

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Data for Q1 2012

Institution Statistics Gate City Bank OTS # 00257 FDIC Certificate # 27774 BankRate Report View Year Established 1923 Employees 348 Primary Regulator OCC Assets and Liabilities Assets $1.46 billion Loans $1.06 billion Deposits $1.28 billion Equity Capital $159.53 million Loan Loss Allowance $8.04 million Unbacked Noncurrent Loans $2.23 million Real Estate Owned $1.08 million Historic Data - March 2011 Assets $1.27 billion Equity Capital $148.74 million Loan Loss Allowance $6.77 million Unbacked Noncurrent Loans $2.98 million Real Estate Owned $464,000 Profit Margin - Quarterly Net Interest Margin 3.07% Return on Assets 0.81% Return on Equity 7.35% Interest Income $12.66 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Gate City Bank had $3.31 million in non-current loans and owned real-estate with $167.56 million in equity and loan loss allowances on hand to cover it. This gives Gate City Bank a Texas Ratio of 1.98% 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 held steady from 1.49% as of March 31, 2011 to 1.98% as of March 31, 2012, resulting in a negative change of 32.86%. This indicates that the balance sheet and financial strength for Gate City Bank has held steady in recent periods. Deposit Growth In the past year, Gate City Bank has increased its total deposits by $177.28 million, resulting in 16.01% 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. Capitalization 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 $1.46 billion in assets with $167.56 million in equity, resulting in a capitalization level of 11.49%, which is above average.

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