West Gate Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300QLO8TSQW5JTK72

Tax ID: 47-0523112

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    West Gate Bank is a smaller bank specializing in Home Purchase loans. West Gate Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lincoln, Omaha, Kearney, Grand Island, and Norfolk among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)

    West Gate Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. West Gate Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 4/22/24
    30 Year Conventional Refi 6.32% 4/22/24
    30 Year Cash-out Refi 6.63% 4/22/24
    30 Year FHA Purchase 7.23% 4/22/24
    30 Year VA Purchase 5.89% 4/22/24
    30 Year VA Refi 5.39% 4/22/24
    30 Year USDA Purchase 6.55% 4/22/24
    15 Year Conventional Purchase 5.88% 4/22/24
    15 Year Conventional Refi 5.86% 4/22/24
    15 Year Cash-out Refi 5.86% 4/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    West Gate Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from West Gate Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,107

    Origination Dollar Volume (All Markets)

    $401,365,000

    Employee count

    207 Show all (19) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LINCOLN, NE (FHA|USDA|VA) 548 $106,530,000 $194,398 $2,193 4.58%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 354 $89,620,000 $253,164 $2,329 4.69%
    Outside of Metro Areas 466 $62,780,000 $134,721 $2,158 4.73%
    Kearney, NE (FHA|USDA|VA) 213 $40,335,000 $189,366 $2,094 4.53%
    GRAND ISLAND, NE (FHA|USDA|VA) 108 $19,520,000 $180,741 $2,093 4.55%
    Norfolk, NE (FHA|USDA|VA) 95 $18,075,000 $190,263 $2,236 4.66%
    Fremont, NE (FHA|USDA|VA) 84 $14,670,000 $174,643 $2,242 4.66%
    Hastings, NE (FHA|USDA|VA) 47 $7,505,000 $159,681 $2,071 4.78%
    Columbus, NE (FHA|USDA|VA) 34 $5,130,000 $150,882 $2,148 4.54%
    Lexington, NE (FHA|USDA|VA) 23 $4,045,000 $175,870 $2,332 4.67%
    Beatrice, NE (FHA|USDA|VA) 12 $2,690,000 $224,167 $2,883 4.58%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,160,000 $540,000 $3,362 4.84%
    Scottsbluff, NE (FHA|USDA|VA) 17 $2,095,000 $123,235 $2,909 4.74%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,910,000 $955,000 $5,474 4.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $0 4.75%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 11 $1,725,000 $156,818 $2,640 4.73%
    North Platte, NE (FHA|USDA|VA) 12 $1,670,000 $139,167 $2,222 4.76%
    Brainerd, MN (FHA|USDA|VA) 2 $1,600,000 $800,000 $9,742 4.38%
    Rock Springs, WY (FHA|USDA|VA) 6 $1,340,000 $223,333 $2,702 4.58%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 6 $1,180,000 $196,667 $2,233 4.71%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,222 4.72%
    Ottumwa, IA (FHA|USDA|VA) 7 $975,000 $139,286 $2,151 4.70%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $880,000 $440,000 $0 4.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $875,000 $291,667 $3,540 4.87%
    Jackson, WY-ID (FHA|USDA|VA) 1 $805,000 $805,000 $0 5.00%
    CHEYENNE, WY (FHA|USDA|VA) 4 $780,000 $195,000 $4,140 4.44%
    Laramie, WY (FHA|USDA|VA) 3 $745,000 $248,333 $3,664 4.42%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $675,000 $675,000 $3,894 4.88%
    Yankton, SD (FHA|USDA|VA) 3 $625,000 $208,333 $2,195 4.29%
    Fairfield, IA (FHA|USDA|VA) 3 $595,000 $198,333 $1,952 4.92%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $560,000 $280,000 $3,817 4.31%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $515,000 $515,000 $4,843 4.88%
    Moscow, ID (FHA|USDA|VA) 1 $455,000 $455,000 $2,681 4.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $455,000 $455,000 $3,892 3.88%
    Pella, IA (FHA|USDA|VA) 3 $445,000 $148,333 $2,283 4.79%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $445,000 $445,000 $2,840 4.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $420,000 $210,000 $1,797 4.56%
    MANHATTAN, KS (FHA|USDA|VA) 4 $400,000 $100,000 $1,619 4.41%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,610 4.50%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $385,000 $385,000 $2,033 3.88%
    Salina, KS (FHA|USDA|VA) 3 $375,000 $125,000 $1,526 4.50%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,390 4.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $1,884 4.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,582 4.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,529 4.75%
    Spirit Lake, IA (FHA|USDA|VA) 1 $185,000 $185,000 $3,456 4.63%
    WICHITA, KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,448 4.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,294 4.13%
    Aberdeen, SD (FHA|USDA|VA) 1 $125,000 $125,000 $2,501 4.88%
    DUBUQUE, IA (FHA|USDA|VA) 1 $115,000 $115,000 $2,737 5.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,160 5.13%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $65,000 $65,000 $1,792 4.88%
    West Gate Bank's top markets include Lincoln, Omaha, Kearney, Grand Island, and Norfolk among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against West Gate Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Bank
    Similarity Rank: 36
    The Farmers State Bank of Westmoreland
    Similarity Rank: 42
    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 45
    Iowa Nebraska State Bank
    Similarity Rank: 50
    Home Federal Savings & Loan Association of Grand Island
    Similarity Rank: 50
    ESB Financial
    Similarity Rank: 60
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    Citizens State Bank
    Similarity Rank: 68
    KANSAS STATE UNIVERSITY Federal Credit Union
    Similarity Rank: 70
    Farmers Savings Bank & Trust
    Similarity Rank: 76

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,932 $375,390,000 $194,301 $2,090 4.66%
    USDA 62 $5,930,000 $95,645 $3,103 4.50%
    FHA 57 $7,805,000 $136,930 $4,438 4.43%
    VA 56 $12,240,000 $218,571 $3,866 4.32%

    For 2018, West Gate Bank's most frequently originated type of loan was Conventional, with 1,932 originations. Their 2nd most popular type was USDA, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,557 $300,615,000 $193,073 $2,353 4.61%
    Refi 263 $55,365,000 $210,513 $1,789 4.56%
    Cash Out Refi 245 $40,505,000 $165,327 $2,081 4.83%
    Other 32 $4,040,000 $126,250 $1,391 5.29%
    Home Improvement 10 $840,000 $84,000 $1,178 4.84%

    For 2018, West Gate Bank's most frequently cited loan purpose was Home Purchase, with 1,557 originations. The 2nd most popular reason was Refi, with 263 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,681 $319,035,000 $189,789 $2,301 4.69%
    15 Year 216 $40,150,000 $185,880 $2,044 4.21%
    20 Year 78 $14,690,000 $188,333 $2,092 4.66%
    Other 45 $11,295,000 $251,000 $1,658 4.88%
    5 Year 37 $6,025,000 $162,838 $237 5.08%
    10 Year 35 $5,325,000 $152,143 $1,366 3.61%
    1 Year 11 $4,175,000 $379,545 $846 5.68%
    3 Year 4 $670,000 $167,500 $0 5.34%

    For 2018, West Gate Bank's most frequently cited loan duration was 30 Year, with 1,681 originations. The 2nd most popular length was 15 Year, with 216 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,718 $313,730,000 $182,614
    $1k-2k 258 $50,240,000 $194,729
    $2k-3k 43 $10,605,000 $246,628
    $3k-4k 18 $5,140,000 $285,556
    $4k-5k 6 $2,280,000 $380,000
    $5k+ 3 $1,925,000 $641,667

    West Gate Bank's average total fees were $2,301, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,718 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,576 $313,980,000 $199,226
    5-6% 315 $43,965,000 $139,571
    3-4% 199 $42,615,000 $214,146
    <2.5% 10 $50,000 $5,000
    6-7% 7 $755,000 $107,857

    During 2018, West Gate Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 1,576 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 928 $134,720,000 $145,172 $2,178 4.67%
    $200k-400k 638 $171,990,000 $269,577 $2,372 4.52%
    $100,000 or less 416 $28,570,000 $68,678 $1,955 4.79%
    $400k-600k 105 $46,945,000 $447,095 $2,628 4.53%
    $600k-1MM 14 $10,650,000 $760,714 $4,428 4.55%
    $1MM+ 6 $8,490,000 $1,415,000 $9,453 4.78%

    2018 saw West Gate Bank place emphasis on $100k-200k loans with 928 originations, totaling $134,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 508 $73,690,000 $145,059 $2,178 4.66%
    $75k-100k 421 $77,995,000 $185,261 $2,195 4.63%
    $100k-150k 414 $95,480,000 $230,628 $2,262 4.61%
    $50k or less 409 $41,665,000 $101,870 $2,157 4.69%
    $150k-250k 202 $58,430,000 $289,257 $2,414 4.51%
    $250k+ 101 $38,865,000 $384,802 $2,557 4.58%

    West Gate Bank lent most frequently to those with incomes in the $50k-75k range, with 508 originations. The second most popular income band? $75k-100k, with 421 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 515 $95,285,000 $185,019 $2,173 4.61%
    30-36% 442 $80,350,000 $181,787 $2,201 4.64%
    <20% 177 $32,475,000 $183,475 $2,109 4.57%
    40% 93 $16,545,000 $177,903 $2,069 4.58%
    37% 91 $17,445,000 $191,703 $2,321 4.66%
    38% 80 $16,320,000 $204,000 $2,075 4.71%
    36% 79 $14,715,000 $186,266 $2,120 4.68%
    41% 76 $13,690,000 $180,132 $2,347 4.63%
    42% 72 $12,950,000 $179,861 $2,377 4.72%
    43% 70 $13,170,000 $188,143 $2,373 4.61%
    39% 68 $12,450,000 $183,088 $2,479 4.61%
    46% 55 $12,735,000 $231,545 $2,339 4.63%
    45% 54 $10,420,000 $192,963 $2,522 4.73%
    44% 51 $10,685,000 $209,510 $2,521 4.62%
    49% 47 $8,905,000 $189,468 $2,231 4.53%
    47% 41 $8,835,000 $215,488 $2,730 4.65%
    48% 36 $7,210,000 $200,278 $2,150 4.71%
    50-60% 8 $1,940,000 $242,500 $2,569 4.53%

    West Gate Bank lent most frequently to those with DTI ratios of 20-30%, with 515 originations. The next most common DTI ratio? 30-36%, with 442 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,971 $367,375,000 $186,390 $2,236 4.63%
    Not applicable 52 $15,240,000 $293,077 $0 4.98%
    Not provided 45 $9,845,000 $218,778 $2,345 4.59%
    Asian 17 $4,815,000 $283,235 $2,381 4.54%
    Black 13 $2,865,000 $220,385 $1,644 4.46%
    American Indian 8 $940,000 $117,500 $2,327 4.86%
    Native Hawaiian or Islander 1 $285,000 $285,000 $1,808 4.38%

    Approval Rates

    Total approvals of all applications
    95.05%

    West Gate Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.46%

    West Gate Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,107 $401,365,000 $190,491

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,730,000 $621,667
    Single Family (1-4 Units):Site-Built 2,101 $397,635,000 $189,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $11,515,000 $153,533 $1,830 4.64%
    40-60% 204 $39,220,000 $192,255 $2,108 4.51%
    60-80% 699 $140,955,000 $201,652 $2,119 4.69%
    80-100% 1,075 $200,655,000 $186,656 $2,386 4.65%
    Over 100% 22 $7,450,000 $338,636 $5,961 4.79%
    Under 20% 32 $1,570,000 $49,063 $220 3.84%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    West Coast Servicing, Inc. Conventional home mortgage Struggling to pay mortgage 1 25.0%
    West Coast Servicing, Inc. Conventional home mortgage Trouble during payment process 1 25.0%
    West Coast Servicing, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 25.0%
    West Coast Servicing, Inc. Other type of mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    West Gate Bank 1204 West O St Lincoln, NE 68528 Full Service B&M $62,501
    West Gate Bank 2037 South 17th Street Lincoln, NE 68502 Full Service B&M $29,167
    West Gate Bank 2662 Cornhusker Highway, Suite 3 Lincoln, NE 68521 Full Service B&M $15,780
    West Gate Bank 4955 O St Lincoln, NE 68510 Full Service B&M $27,654
    West Gate Bank 5555 South 27th Street Lincoln, NE 68512 Full Service B&M $23,015
    West Gate Bank 6003 Old Cheney Road, Suite 100 Lincoln, NE 68516 Full Service B&M $262,229
    West Gate Bank 8400 Eagle Crest Rd Lincoln, NE 68505 Full Service B&M $34,581

    For 2018, West Gate Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,234
    Net interest income $22,230
    Total noninterest income $10,294
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,392
    Trading account gains and fees $0
    Additional Noninterest Income $8,902
    Pre-tax net operating income $7,666
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,664
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,664
    Minority interest net income $0
    Net income $6,664
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,664

    West Gate Bank's gross interest income from loans was $25,234,000.
    West Gate Bank's net interest income from loans was $22,230,000.
    West Gate Bank's fee based income from loans was $1,392,000.
    West Gate Bank's net income from loans was $6,664,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,004
    Provision for credit losses $213
    Total noninterest expense $24,645
    Salaries and employee benefits $15,160
    Premises and equipment expense $1,631
    Additional noninterest expense $7,854
    Applicable income taxes $1,002
    Net charge-offs $27
    Cash dividends $1,100

    West Gate Bank's interest expense for loans was $3,004,000.
    West Gate Bank's payroll and benefits expense were $15,160,000.
    West Gate Bank's property, plant and equipment expenses $1,631,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $505,077
    Deposits held in domestic offices $505,077
    Deposits by Individuals, partnerships, and corporations $488,306
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,818
    Deposits by Commercial banks and other depository institutions in U.S. $953
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $70,209
    Demand deposits $48,533
    Nontransaction accounts $434,868
    Money market deposit accounts (MMDAs) $125,633
    Other savings deposits (excluding MMDAs) $206,092
    Total time deposits $103,142
    Total time and savings deposits $456,544
    Noninterest-bearing deposits $147,429
    Interest-bearing deposits $357,647
    Retail deposits $493,686
    IRAs and Keogh plan accounts $6,173
    Brokered deposits $1,987
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $611,001
    Cash & Balances due from depository institutions $14,584
    Interest-bearing balances $2,110
    Total securities $70,366
    Federal funds sold & reverse repurchase $0
    Net loans and leases $477,596
    Loan and leases loss allowance $5,541
    Trading account assets $0
    Bank premises and fixed assets $23,758
    Other real estate owned $0
    Goodwill and other intangibles $15,743
    All other assets $8,954

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $611,001
    Total Liabilities $548,269
    Total deposits $505,077
    Interest-bearing deposits $357,647
    Deposits held in domestic offices $505,077
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $38,175
    Subordinated debt $0
    All other liabilities $5,017

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $477,596
    Loan and leases loss allowance $5,541
    Total loans and leases (domestic) $483,137
    All real estate loans $393,290
    Real estate loans in domestic offices $393,290
    Construction and development loans $52,486
    Residential 1-4 family construction $22,027
    Other construction, all land development and other land $30,459
    Loans secured by nonfarm nonresidential properties $168,850
    Nonfarm nonresidential secured by owner-occupied properties $45,628
    Commercial real estate & other non-farm, non-residential $123,222
    Multifamily residential real estate $25,724
    1-4 family residential loans $143,955
    Farmland loans $2,275
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $77,478
    To non-U.S. addressees $0
    Loans to individuals $1,881
    Credit card loans $0
    Related Plans $59
    Consumer Auto Loans $157
    Other loans to individuals $1,665
    All other loans & leases $10,488
    Loans to foreign governments and official institutions $0
    Other loans $5,218
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $625
    Non 1-4 family restructured loans & leases $625
    Total loans and leases (foreign) $0

    West Gate Bank had $477,596,000 of loans outstanding in 2018. $393,290,000 of loans were in real estate loans. $52,486,000 of loans were in development loans. $25,724,000 of loans were in multifamily mortgage loans. $143,955,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $157,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 165 $42,914 $260,085
    Nonfarm, nonresidential loans - <$100k 29 $863 $29,759
    Nonfarm, nonresidential loans - $100-250k 55 $8,270 $150,364
    Nonfarm, nonresidential loans - $250k-1MM 81 $33,781 $417,049
    Commercial & Industrial, US addressed loans - <$1MM 246 $40,565 $164,898
    Commercial & Industrial, US addressed loans - <$100k 128 $2,273 $17,758
    Commercial & Industrial, US addressed loans - $100-250k 56 $6,108 $109,071
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $32,184 $519,097
    Farmland loans - <$1MM 5 $528 $105,600
    Farmland loans - <$100k 4 $163 $40,750
    Farmland loans - $250k-1MM 1 $365 $365,000