Overview / Commentary
West Gate Bank is headquartered in LINCOLN and is the 13th largest bank in the state of Nebraska. It is also the 833rd largest bank in the nation. It was established in 1968 and as of September of 2024, it had grown to 216 employees at 10 locations. West Gate Bank has an A health rating.
Health
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19850 |
| Year Established | 1968 |
| Employees | 216 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 6.95% |
| Annual Interest Income | $56.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $1.31B$1.24B |
| Loans | Q3 2024vs Q3 2023 | $930.9MM$864.9MM |
| Deposits | Q3 2024vs Q3 2023 | $1.07B$1.09B |
| Equity Capital | Q3 2024vs Q3 2023 | $138.4MM$121MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $9.9MM$8.8MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.1MM$1.1MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $215K$235K |