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

Review & Overview

West Gate Bank is a small bank specializing in Refi and 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: Omaha, Lincoln, Kearney, Norfolk, and Fremont among others. We have data for 96 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%	12/16/24
30 Year Conventional Refi	6.32%	12/16/24
30 Year Cash-out Refi	6.63%	12/16/24
30 Year FHA Purchase	7.23%	12/16/24
30 Year VA Purchase	5.89%	12/16/24
30 Year VA Refi	5.39%	12/16/24
30 Year USDA Purchase	6.55%	12/16/24
15 Year Conventional Purchase	5.88%	12/16/24
15 Year Conventional Refi	5.86%	12/16/24
15 Year Cash-out Refi	5.86%	12/16/24
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

Purchase Price:

Loan Amount:

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% Deposit:

Interest Rate:

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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

6,473

Origination Dollar Volume (All Markets)

$1,405,125,000

Employee count

219

Awards

West Gate Bank 30 Year Conventional Loans bronze

West Gate Bank 30 Year Conventional Loans gold

West Gate Bank 30 Year Conventional Loans silver

Show all (44) 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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	1,761	$442,515,000	$251,286	$2,210	3.03%
LINCOLN, NE (FHA\|USDA\|VA)	1,396	$327,950,000	$234,921	$1,960	3.11%
Outside of Metro Areas	1,184	$199,830,000	$168,775	$2,132	3.11%
Kearney, NE (FHA\|USDA\|VA)	423	$87,195,000	$206,135	$1,967	2.95%
Norfolk, NE (FHA\|USDA\|VA)	391	$81,645,000	$208,811	$2,183	3.01%
Fremont, NE (FHA\|USDA\|VA)	228	$43,840,000	$192,281	$2,290	3.21%
GRAND ISLAND, NE (FHA\|USDA\|VA)	171	$31,415,000	$183,713	$2,171	3.05%
Rock Springs, WY (FHA\|USDA\|VA)	70	$18,250,000	$260,714	$1,952	2.78%
Hastings, NE (FHA\|USDA\|VA)	78	$14,730,000	$188,846	$2,097	3.07%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	57	$11,635,000	$204,123	$1,861	3.09%
Lexington, NE (FHA\|USDA\|VA)	61	$10,865,000	$178,115	$2,014	3.18%
Columbus, NE (FHA\|USDA\|VA)	58	$10,430,000	$179,828	$2,133	3.21%
Ottumwa, IA (FHA\|USDA\|VA)	68	$9,470,000	$139,265	$1,868	3.13%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	51	$8,585,000	$168,333	$2,927	3.18%
Pella, IA (FHA\|USDA\|VA)	42	$7,290,000	$173,571	$1,680	2.96%
MANHATTAN, KS (FHA\|USDA\|VA)	39	$7,075,000	$181,410	$2,360	3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	12	$5,950,000	$495,833	$3,092	3.06%
Oskaloosa, IA (FHA\|USDA\|VA)	42	$5,930,000	$141,190	$1,742	2.88%
North Platte, NE (FHA\|USDA\|VA)	39	$5,685,000	$145,769	$2,249	3.04%
CHEYENNE, WY (FHA\|USDA\|VA)	21	$5,625,000	$267,857	$4,615	3.01%
Scottsbluff, NE (FHA\|USDA\|VA)	39	$5,565,000	$142,692	$2,944	3.01%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	16	$5,170,000	$323,125	$2,732	2.82%
Beatrice, NE (FHA\|USDA\|VA)	18	$4,860,000	$270,000	$2,441	3.43%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	10	$4,180,000	$418,000	$4,253	2.95%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	18	$3,960,000	$220,000	$1,985	2.99%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	26	$3,930,000	$151,154	$1,564	2.89%
PROVO-OREM, UT (FHA\|USDA\|VA)	7	$3,635,000	$519,286	$6,245	3.34%
AMARILLO, TX (FHA\|USDA\|VA)	15	$3,035,000	$202,333	$3,128	3.19%
GREELEY, CO (FHA\|USDA\|VA)	5	$1,525,000	$305,000	$3,824	3.25%
Fairfield, IA (FHA\|USDA\|VA)	10	$1,460,000	$146,000	$1,897	3.16%
Salina, KS (FHA\|USDA\|VA)	10	$1,450,000	$145,000	$1,469	3.01%
Laramie, WY (FHA\|USDA\|VA)	7	$1,345,000	$192,143	$4,246	3.21%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	3	$1,295,000	$431,667	$3,691	2.63%
WICHITA, KS (FHA\|USDA\|VA)	6	$1,260,000	$210,000	$2,266	3.48%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	4	$1,190,000	$297,500	$4,692	3.16%
Spirit Lake, IA (FHA\|USDA\|VA)	5	$1,155,000	$231,000	$1,798	3.13%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	2	$1,130,000	$565,000	$5,765	3.94%
Breckenridge, CO (FHA\|USDA\|VA)	1	$1,035,000	$1,035,000	$3,710	3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	1	$1,035,000	$1,035,000	$7,264	3.63%
LUBBOCK, TX (FHA\|USDA\|VA)	2	$860,000	$430,000	$5,255	3.25%
LAWRENCE, KS (FHA\|USDA\|VA)	3	$765,000	$255,000	$2,213	3.13%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	3	$745,000	$248,333	$3,395	2.96%
MIDLAND, TX (FHA\|USDA\|VA)	2	$730,000	$365,000	$4,536	3.19%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$725,000	$725,000	$3,443	3.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	2	$720,000	$360,000	$2,917	3.81%
ST. GEORGE, UT (FHA\|USDA\|VA)	2	$700,000	$350,000	$4,057	2.94%
ODESSA, TX (FHA\|USDA\|VA)	1	$675,000	$675,000	$5,879	4.25%
FORT COLLINS, CO (FHA\|USDA\|VA)	2	$610,000	$305,000	$2,612	3.13%
Spearfish, SD (FHA\|USDA\|VA)	2	$590,000	$295,000	$2,191	2.69%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$580,000	$290,000	$2,933	2.81%
Yankton, SD (FHA\|USDA\|VA)	3	$575,000	$191,667	$2,218	3.46%
IOWA CITY, IA (FHA\|USDA\|VA)	4	$560,000	$140,000	$1,674	3.03%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$540,000	$270,000	$3,757	2.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$515,000	$515,000	$3,698	2.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$505,000	$505,000	$4,522	3.63%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	4.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$505,000	$168,333	$3,266	3.28%
Levelland, TX (FHA\|USDA\|VA)	1	$435,000	$435,000	$4,956	2.75%
TUCSON, AZ (FHA\|USDA\|VA)	1	$415,000	$415,000	$1,536	2.75%
Moscow, ID (FHA\|USDA\|VA)	1	$415,000	$415,000	$3,378	2.75%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$405,000	$405,000	$2,370	2.88%
Branson, MO (FHA\|USDA\|VA)	2	$400,000	$200,000	$2,451	2.81%
Clovis, NM (FHA\|USDA\|VA)	2	$390,000	$195,000	$3,124	2.81%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$355,000	$355,000	$2,827	2.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	1	$345,000	$345,000	$3,920	2.25%
TYLER, TX (FHA\|USDA\|VA)	1	$335,000	$335,000	$4,029	3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	3.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,883	2.50%
SIOUX FALLS, SD (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,048	2.13%
ABILENE, TX (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,994	3.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,875	2.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,578	2.88%
RAPID CITY, SD (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,173	2.63%
Fergus Falls, MN (FHA\|USDA\|VA)	1	$265,000	$265,000	$1,906	3.00%
Red Wing, MN (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,528	2.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,295	2.38%
Winfield, KS (FHA\|USDA\|VA)	1	$225,000	$225,000	$7,252	3.00%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,679	2.38%
AMES, IA (FHA\|USDA\|VA)	1	$225,000	$225,000	$1,624	2.50%
TULSA, OK (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,116	2.63%
Worthington, MN (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,849	2.75%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,211	2.50%
Granbury, TX (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	4.25%
Marshalltown, IA (FHA\|USDA\|VA)	1	$185,000	$185,000	$1,998	2.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,690	2.75%
POCATELLO, ID (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,937	2.75%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,904	3.63%
Brookings, SD (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,620	2.63%
BAKERSFIELD, CA (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,303	2.75%
Aberdeen, SD (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,419	3.00%
Gillette, WY (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,660	3.25%
FRESNO, CA (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,130	3.38%
Pittsburg, KS (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,432	2.50%
GETTYSBURG, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,521	2.13%
Burlington, IA-IL (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,198	2.75%
Ottawa, KS (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,051	3.25%

West Gate Bank's top markets include Omaha, Lincoln, Kearney, Norfolk, and Fremont among others.

Their top states include:

Nebraska (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Wyoming (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Texas (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.

The Farmers State Bank of Westmoreland
Similarity Rank: 56

WESTERN VISTA
Similarity Rank: 60

KANSAS STATE UNIVERSITY Federal Credit Union
Similarity Rank: 70

First PREMIER Bank
Similarity Rank: 80

Bank of the Flint Hills
Similarity Rank: 126

ESB Financial
Similarity Rank: 144

FINANCIAL PLUS Credit Union
Similarity Rank: 172

Home Federal Savings & Loan Association of Grand Island
Similarity Rank: 180

SIOUXLAND FEDERAL CREDIT UNION
Similarity Rank: 182

First Dakota National Bank
Similarity Rank: 185

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	6,186	$1,347,290,000	$217,797	$2,075	3.07%
VA	178	$43,690,000	$245,449	$3,678	2.66%
USDA	76	$9,430,000	$124,079	$3,426	3.14%
FHA	33	$4,715,000	$142,879	$4,878	3.46%

For 2020, West Gate Bank's most frequently originated type of loan was Conventional, with 6,186 originations. Their 2nd most popular type was VA, with 178 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	3,265	$740,205,000	$226,709	$1,899	2.93%
Home Purchase	2,307	$486,745,000	$210,986	$2,497	3.12%
Cash Out Refi	850	$172,180,000	$202,565	$2,219	3.30%
Other	38	$4,090,000	$107,632	$1,384	5.08%
Home Improvement	13	$1,905,000	$146,538	$1,798	4.68%

For 2020, West Gate Bank's most frequently cited loan purpose was Refi, with 3,265 originations. The 2nd most popular reason was Home Purchase, with 2,307 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	4,395	$961,715,000	$218,820	$2,230	3.14%
15 Year	1,397	$270,205,000	$193,418	$1,990	2.73%
20 Year	359	$86,235,000	$240,209	$1,975	3.02%
10 Year	148	$30,630,000	$206,959	$1,832	2.81%
5 Year	82	$28,440,000	$346,829	$197	4.03%
Other	79	$25,625,000	$324,367	$2,158	4.42%
1 Year	13	$2,275,000	$175,000	$0	4.83%

For 2020, West Gate Bank's most frequently cited loan duration was 30 Year, with 4,395 originations. The 2nd most popular length was 15 Year, with 1,397 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	5,078	$1,085,220,000	$213,710
$1k-2k	907	$183,115,000	$201,891
$2k-3k	150	$32,920,000	$219,467
$3k-4k	51	$14,945,000	$293,039
$4k-5k	15	$4,645,000	$309,667
$5k+	11	$5,675,000	$515,909

West Gate Bank's average total fees were $2,230, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,078 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	2,786	$624,450,000	$224,139
3-4%	2,471	$511,415,000	$206,967
<2.5%	944	$207,190,000	$219,481
4-5%	229	$56,755,000	$247,838
5-6%	39	$4,835,000	$123,974
6-7%	4	$480,000	$120,000

During 2020, West Gate Bank's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,786 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	2,738	$411,220,000	$150,190	$2,029	3.09%
$200k-400k	2,600	$708,620,000	$272,546	$2,227	2.96%
$100,000 or less	723	$54,805,000	$75,802	$1,913	3.34%
$400k-600k	374	$173,160,000	$462,995	$2,734	2.94%
$600k-1MM	21	$16,275,000	$775,000	$5,340	3.90%
$1MM+	17	$41,045,000	$2,414,412	$6,950	3.90%

2020 saw West Gate Bank place emphasis on $100k-200k loans with 2,738 originations, totaling $411,220,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	1,595	$381,415,000	$239,132	$2,153	3.02%
$50k-75k	1,369	$222,105,000	$162,239	$2,137	3.08%
$75k-100k	1,211	$234,465,000	$193,613	$2,071	3.07%
$150k-250k	919	$264,885,000	$288,232	$2,216	2.95%
$50k or less	862	$102,880,000	$119,350	$2,093	3.17%
$250k+	329	$121,495,000	$369,286	$2,516	3.03%

West Gate Bank lent most frequently to those with incomes in the $100k-150k range, with 1,595 originations. The second most popular income band? $50k-75k, with 1,369 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	1,931	$406,615,000	$210,572	$2,071	3.00%
30-36%	1,239	$257,785,000	$208,059	$2,110	3.12%
<20%	894	$182,600,000	$204,251	$2,035	2.96%
36%	214	$48,720,000	$227,664	$2,246	3.08%
38%	206	$44,980,000	$218,350	$2,294	3.06%
40%	203	$41,715,000	$205,493	$2,244	3.07%
37%	188	$38,020,000	$202,234	$2,225	3.15%
44%	187	$41,565,000	$222,273	$2,384	3.08%
43%	186	$39,130,000	$210,376	$2,330	3.19%
39%	186	$40,690,000	$218,763	$2,274	3.10%
42%	183	$37,975,000	$207,514	$2,306	3.16%
41%	180	$37,800,000	$210,000	$2,324	3.19%
45%	114	$25,920,000	$227,368	$2,216	3.05%
48%	97	$23,035,000	$237,474	$2,287	2.98%
46%	93	$19,605,000	$210,806	$2,540	3.12%
47%	92	$19,890,000	$216,196	$2,209	3.02%
49%	88	$20,080,000	$228,182	$2,197	3.02%
50-60%	2	$480,000	$240,000	$6,326	2.94%
>60%	2	$640,000	$320,000	$2,865	3.19%

West Gate Bank lent most frequently to those with DTI ratios of 20-30%, with 1,931 originations. The next most common DTI ratio? 30-36%, with 1,239 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	5,955	$1,254,335,000	$210,636	$2,143	3.05%
Not provided	299	$68,895,000	$230,418	$2,310	2.98%
Not applicable	109	$57,665,000	$529,037	$0	4.04%
Asian	58	$13,470,000	$232,241	$2,197	2.90%
Black	32	$7,060,000	$220,625	$2,412	3.11%
American Indian	15	$2,645,000	$176,333	$2,084	3.03%
Native Hawaiian or Islander	4	$900,000	$225,000	$2,317	2.75%
Chinese	1	$155,000	$155,000	$1,472	2.63%

Approval Rates

Total approvals of all applications
97.82%

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
91.73%

West Gate Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	6,473	$1,405,125,000	$217,075

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	14	$21,580,000	$1,541,429
Single Family (1-4 Units):Site-Built	6,459	$1,383,545,000	$214,204

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	278	$36,910,000	$132,770	$1,870	3.07%
40-60%	1,098	$214,160,000	$195,046	$1,964	2.90%
60-80%	2,752	$642,100,000	$233,321	$2,064	3.08%
80-100%	2,277	$478,455,000	$210,125	$2,350	3.11%
Over 100%	42	$31,690,000	$754,524	$7,828	3.50%
Under 20%	26	$1,810,000	$69,615	$498	3.43%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
West Coast Servicing, Inc.	Conventional home mortgage	Struggling to pay mortgage	1	50.0%
West Coast Servicing, Inc.	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
West Gate Bank	1004 Cornhusker Road Bellevue, NE 68005	Full Service B&M	$10,554
West Gate Bank	1020 South 179th Court Omaha, NE 68118	Full Service B&M	$21,966
West Gate Bank	1204 West O St Lincoln, NE 68528	Full Service B&M	$77,863
West Gate Bank	2037 South 17th Street Lincoln, NE 68502	Full Service B&M	$43,037
West Gate Bank	2662 Cornhusker Highway, Suite 3 Lincoln, NE 68521	Full Service B&M	$23,573
West Gate Bank	4955 O St Lincoln, NE 68510	Full Service B&M	$38,525
West Gate Bank	5555 South 27th Street Lincoln, NE 68512	Full Service B&M	$0
West Gate Bank	6003 Old Cheney Road, Suite 100 Lincoln, NE 68516	Full Service B&M	$547,869
West Gate Bank	8400 Eagle Crest Rd Lincoln, NE 68505	Full Service B&M	$38,613
West Gate Bank	9775 Q Street Omaha, NE 68127	Full Service B&M	$23,661

For 2020, West Gate Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$39,683
Net interest income	$35,930
Total noninterest income	$26,577
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,322
Trading account gains and fees	$0
Additional Noninterest Income	$25,255
Pre-tax net operating income	$26,503
Securities gains (or losses, -)	$0
Income before extraordinary items	$21,171
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$21,171
Minority interest net income	$0
Net income	$21,171
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$21,171

West Gate Bank's gross interest income from loans was $39,683,000.
West Gate Bank's net interest income from loans was $35,930,000.
West Gate Bank's fee based income from loans was $1,322,000.
West Gate Bank's net income from loans was $21,171,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,753
Provision for credit losses	$1,066
Total noninterest expense	$34,938
Salaries and employee benefits	$21,876
Premises and equipment expense	$2,019
Additional noninterest expense	$11,043
Applicable income taxes	$5,332
Net charge-offs	$59
Cash dividends	$500

West Gate Bank's interest expense for loans was $3,753,000.
West Gate Bank's payroll and benefits expense were $21,876,000.
West Gate Bank's property, plant and equipment expenses $2,019,000.

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	$788,219
Deposits held in domestic offices	$788,219
Deposits by Individuals, partnerships, and corporations	$706,032
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$78,896
Deposits by Commercial banks and other depository institutions in U.S.	$3,291
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$159,287
Demand deposits	$131,660
Nontransaction accounts	$628,932
Money market deposit accounts (MMDAs)	$178,276
Other savings deposits (excluding MMDAs)	$308,008
Total time deposits	$142,648
Total time and savings deposits	$656,559
Noninterest-bearing deposits	$243,969
Interest-bearing deposits	$544,250
Retail deposits	$739,073
IRAs and Keogh plan accounts	$8,305
Brokered deposits	$100
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$912,511
Cash & Balances due from depository institutions	$126,222
Interest-bearing balances	$107,623
Total securities	$27,111
Federal funds sold & reverse repurchase	$0
Net loans and leases	$684,617
Loan and leases loss allowance	$6,578
Trading account assets	$0
Bank premises and fixed assets	$23,956
Other real estate owned	$0
Goodwill and other intangibles	$25,877
All other assets	$24,728

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$912,511
Total Liabilities	$808,356
Total deposits	$788,219
Interest-bearing deposits	$544,250
Deposits held in domestic offices	$788,219
% insured (estimated)	$72
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$15,137

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$684,617
Loan and leases loss allowance	$6,578
Total loans and leases (domestic)	$691,195
All real estate loans	$568,557
Real estate loans in domestic offices	$568,557
Construction and development loans	$69,770
Residential 1-4 family construction	$22,184
Other construction, all land development and other land	$47,586
Loans secured by nonfarm nonresidential properties	$203,184
Nonfarm nonresidential secured by owner-occupied properties	$39,322
Commercial real estate & other non-farm, non-residential	$163,862
Multifamily residential real estate	$44,982
1-4 family residential loans	$249,469
Farmland loans	$1,152
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$95,009
To non-U.S. addressees	$0
Loans to individuals	$1,417
Credit card loans	$0
Related Plans	$41
Consumer Auto Loans	$204
Other loans to individuals	$1,172
All other loans & leases	$26,212
Loans to foreign governments and official institutions	$0
Other loans	$3,547
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	$2,100
Non 1-4 family restructured loans & leases	$2,100
Total loans and leases (foreign)	$0

West Gate Bank had $684,617,000 of loans outstanding in 2020. $568,557,000 of loans were in real estate loans. $69,770,000 of loans were in development loans. $44,982,000 of loans were in multifamily mortgage loans. $249,469,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $204,000 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	195	$52,387	$268,651
Nonfarm, nonresidential loans - <$100k	26	$847	$32,577
Nonfarm, nonresidential loans - $100-250k	63	$10,024	$159,111
Nonfarm, nonresidential loans - $250k-1MM	106	$41,516	$391,660
Commercial & Industrial, US addressed loans - <$1MM	224	$28,185	$125,826
Commercial & Industrial, US addressed loans - <$100k	103	$1,734	$16,835
Commercial & Industrial, US addressed loans - $100-250k	57	$5,159	$90,509
Commercial & Industrial, US addressed loans - $250k-1MM	64	$21,292	$332,688
Farmland loans - <$1MM	2	$163	$81,500
Farmland loans - $100-250k	2	$163	$81,500