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 Home Purchase and Refi 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 95 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

5,582

Origination Dollar Volume (All Markets)

$1,222,220,000

Employee count

210

Awards

West Gate Bank 30 Year Conventional Loans silver

West Gate Bank 30 Year Conventional Loans gold

West Gate Bank 30 Year Conventional Loans bronze

Show all (35) 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)	1,426	$361,980,000	$253,843	$2,410	2.76%
LINCOLN, NE (FHA\|USDA\|VA)	1,065	$273,315,000	$256,634	$2,176	2.89%
Outside of Metro Areas	1,259	$209,785,000	$166,628	$2,190	2.84%
Kearney, NE (FHA\|USDA\|VA)	364	$76,050,000	$208,929	$2,040	2.74%
Norfolk, NE (FHA\|USDA\|VA)	295	$59,405,000	$201,373	$2,426	2.87%
Fremont, NE (FHA\|USDA\|VA)	189	$35,565,000	$188,175	$2,208	2.91%
GRAND ISLAND, NE (FHA\|USDA\|VA)	158	$31,220,000	$197,595	$2,150	2.83%
Rock Springs, WY (FHA\|USDA\|VA)	65	$16,935,000	$260,538	$2,209	2.73%
Hastings, NE (FHA\|USDA\|VA)	81	$15,125,000	$186,728	$2,210	2.96%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	35	$14,835,000	$423,857	$3,325	2.97%
Columbus, NE (FHA\|USDA\|VA)	77	$12,305,000	$159,805	$2,112	2.81%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	58	$11,390,000	$196,379	$1,807	2.76%
Lexington, NE (FHA\|USDA\|VA)	56	$9,120,000	$162,857	$1,961	2.84%
Ottumwa, IA (FHA\|USDA\|VA)	46	$7,320,000	$159,130	$2,008	2.79%
Pella, IA (FHA\|USDA\|VA)	40	$7,090,000	$177,250	$1,784	2.64%
MANHATTAN, KS (FHA\|USDA\|VA)	31	$5,295,000	$170,806	$2,194	2.64%
Scottsbluff, NE (FHA\|USDA\|VA)	33	$4,895,000	$148,333	$3,204	2.90%
Fairfield, IA (FHA\|USDA\|VA)	25	$4,235,000	$169,400	$1,971	2.73%
North Platte, NE (FHA\|USDA\|VA)	33	$3,985,000	$120,758	$2,306	2.91%
Oskaloosa, IA (FHA\|USDA\|VA)	30	$3,980,000	$132,667	$1,858	2.63%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	20	$3,760,000	$188,000	$1,722	2.62%
Beatrice, NE (FHA\|USDA\|VA)	16	$3,460,000	$216,250	$1,918	2.72%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	10	$3,370,000	$337,000	$3,374	2.78%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	14	$3,320,000	$237,143	$1,891	2.83%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	8	$2,990,000	$373,750	$2,640	2.84%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	8	$2,950,000	$368,750	$5,039	2.67%
Salina, KS (FHA\|USDA\|VA)	10	$2,430,000	$243,000	$1,722	2.76%
CHEYENNE, WY (FHA\|USDA\|VA)	9	$2,235,000	$248,333	$4,502	2.79%
Yankton, SD (FHA\|USDA\|VA)	7	$2,125,000	$303,571	$2,538	2.84%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	4	$2,000,000	$500,000	$5,641	2.50%
Laramie, WY (FHA\|USDA\|VA)	5	$1,665,000	$333,000	$4,234	2.88%
AMARILLO, TX (FHA\|USDA\|VA)	9	$1,605,000	$178,333	$3,129	3.03%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$1,265,000	$421,667	$2,951	2.29%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$1,175,000	$1,175,000	$0	3.50%
IOWA CITY, IA (FHA\|USDA\|VA)	6	$1,050,000	$175,000	$1,528	2.67%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	4	$960,000	$240,000	$3,136	3.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	3	$935,000	$311,667	$3,661	3.08%
WICHITA, KS (FHA\|USDA\|VA)	6	$930,000	$155,000	$1,844	2.54%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	3	$925,000	$308,333	$3,077	3.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$840,000	$420,000	$4,316	2.94%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$830,000	$415,000	$4,715	2.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	3	$765,000	$255,000	$2,386	3.29%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	2	$760,000	$380,000	$3,513	2.25%
Spearfish, SD (FHA\|USDA\|VA)	2	$720,000	$360,000	$3,004	2.38%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$715,000	$715,000	$2,980	2.63%
FORT COLLINS, CO (FHA\|USDA\|VA)	2	$660,000	$330,000	$4,087	2.44%
TUCSON, AZ (FHA\|USDA\|VA)	2	$600,000	$300,000	$1,585	2.06%
Spirit Lake, IA (FHA\|USDA\|VA)	2	$590,000	$295,000	$2,223	2.81%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$545,000	$545,000	$6,159	2.63%
Brainerd, MN (FHA\|USDA\|VA)	1	$545,000	$545,000	$4,185	3.13%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$530,000	$265,000	$2,214	3.69%
TOPEKA, KS (FHA\|USDA\|VA)	2	$470,000	$235,000	$2,073	2.56%
Breckenridge, CO (FHA\|USDA\|VA)	1	$445,000	$445,000	$3,651	2.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	1	$435,000	$435,000	$2,307	2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$425,000	$425,000	$3,287	2.88%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	2	$420,000	$210,000	$2,415	2.19%
AMES, IA (FHA\|USDA\|VA)	2	$420,000	$210,000	$2,172	2.63%
Hailey, ID (FHA\|USDA\|VA)	1	$385,000	$385,000	$2,915	2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,672	2.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$345,000	$345,000	$2,891	3.00%
Watertown, SD (FHA\|USDA\|VA)	1	$335,000	$335,000	$2,721	2.63%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	1	$335,000	$335,000	$1,507	2.75%
Carroll, IA (FHA\|USDA\|VA)	1	$315,000	$315,000	$1,772	2.88%
ST. GEORGE, UT (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,242	2.50%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,469	2.63%
IDAHO FALLS, ID (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,998	2.63%
MISSOULA, MT (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,270	2.88%
GREELEY, CO (FHA\|USDA\|VA)	1	$305,000	$305,000	$1,966	2.38%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,007	2.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,180	2.25%
Clovis, NM (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,451	2.75%
CASPER, WY (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,194	2.75%
COLUMBIA, MO (FHA\|USDA\|VA)	2	$290,000	$145,000	$1,875	3.75%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,414	3.00%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	1	$275,000	$275,000	$1,607	2.88%
ABILENE, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	2.25%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,761	2.88%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,731	2.63%
Steamboat Springs, CO (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,264	2.63%
Branson, MO (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,430	2.88%
Big Spring, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,825	3.13%
LAWRENCE, KS (FHA\|USDA\|VA)	1	$155,000	$155,000	$1,111	2.50%
Winfield, KS (FHA\|USDA\|VA)	1	$155,000	$155,000	$1,903	2.25%
JOPLIN, MO (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,201	3.63%
MANKATO, MN (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,233	3.13%
Fort Dodge, IA (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,241	3.00%
LUBBOCK, TX (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,734	3.13%
Muscatine, IA (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,174	2.88%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,261	3.00%
Fort Madison-Keokuk, IA-IL-MO (FHA\|USDA\|VA)	1	$115,000	$115,000	$1,719	2.75%
ROCHESTER, MN (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,960	3.38%
Hereford, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,307	3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	4.50%
Riverton, WY (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	3.00%
Bartlesville, OK (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,555	2.38%

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)

Missouri (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: 42

WESTERN VISTA
Similarity Rank: 63

BankIowa of Cedar Rapids
Similarity Rank: 75

Bank
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KANSAS STATE UNIVERSITY Federal Credit Union
Similarity Rank: 126

First Dakota National Bank
Similarity Rank: 164

SIOUXLAND FEDERAL CREDIT UNION
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VisionBank of Iowa
Similarity Rank: 187

Exchange Bank
Similarity Rank: 216

Bank of the Flint Hills
Similarity Rank: 225

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	5,314	$1,164,480,000	$219,134	$2,162	2.84%
VA	163	$43,675,000	$267,945	$4,554	2.33%
USDA	89	$11,255,000	$126,461	$3,559	2.77%
FHA	15	$2,635,000	$175,667	$5,508	2.58%
HELOC	1	$175,000	$175,000	n/a	3.90%

For 2021, West Gate Bank's most frequently originated type of loan was Conventional, with 5,314 originations. Their 2nd most popular type was VA, with 163 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	2,254	$525,160,000	$232,990	$2,605	2.93%
Refi	2,165	$467,035,000	$215,721	$1,918	2.63%
Cash Out Refi	1,099	$219,875,000	$200,068	$2,287	2.91%
Other	46	$7,480,000	$162,609	$2,081	3.82%
Home Improvement	18	$2,670,000	$148,333	$1,568	3.68%

For 2021, West Gate Bank's most frequently cited loan purpose was Home Purchase, with 2,254 originations. The 2nd most popular reason was Refi, with 2,165 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	3,637	$816,135,000	$224,398	$2,415	2.95%
15 Year	1,291	$242,315,000	$187,696	$1,995	2.41%
20 Year	385	$86,015,000	$223,416	$2,059	2.79%
10 Year	159	$25,075,000	$157,704	$1,756	2.32%
Other	52	$22,180,000	$426,538	$1,364	4.25%
5 Year	46	$26,990,000	$586,739	$234	3.85%
1 Year	11	$3,165,000	$287,727	$2,520	4.09%
3 Year	1	$345,000	$345,000	$0	4.25%

For 2021, West Gate Bank's most frequently cited loan duration was 30 Year, with 3,637 originations. The 2nd most popular length was 15 Year, with 1,291 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	3,710	$800,450,000	$215,755
$1k-2k	1,459	$290,735,000	$199,270
$2k-3k	122	$29,140,000	$238,852
$3k-4k	45	$11,665,000	$259,222
$5k+	20	$8,680,000	$434,000
$4k-5k	19	$6,235,000	$328,158

West Gate Bank's average total fees were $2,415, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,710 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	2,668	$604,180,000	$226,454
<2.5%	1,526	$320,520,000	$210,039
3-4%	1,304	$271,020,000	$207,837
4-5%	74	$24,590,000	$332,297
5-6%	10	$1,910,000	$191,000

During 2021, West Gate Bank's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,668 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	2,354	$351,670,000	$149,393	$2,091	2.84%
$200k-400k	2,072	$567,730,000	$274,001	$2,410	2.77%
$100,000 or less	719	$54,505,000	$75,807	$1,921	2.94%
$400k-600k	411	$196,145,000	$477,238	$3,048	2.70%
$1MM+	13	$42,655,000	$3,281,154	$6,085	3.73%
$600k-1MM	13	$9,515,000	$731,923	$4,127	3.45%

2021 saw West Gate Bank place emphasis on $100k-200k loans with 2,354 originations, totaling $351,670,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	1,246	$204,490,000	$164,117	$2,197	2.83%
$100k-150k	1,227	$294,635,000	$240,126	$2,275	2.77%
$75k-100k	1,073	$212,925,000	$198,439	$2,208	2.83%
$50k or less	849	$99,145,000	$116,779	$2,168	2.94%
$150k-250k	768	$228,070,000	$296,966	$2,389	2.72%
$250k+	295	$112,695,000	$382,017	$2,746	2.74%

West Gate Bank lent most frequently to those with incomes in the $50k-75k range, with 1,246 originations. The second most popular income band? $100k-150k, with 1,227 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	1,668	$346,230,000	$207,572	$2,204	2.79%
30-36%	1,091	$227,425,000	$208,456	$2,333	2.83%
<20%	682	$143,820,000	$210,880	$2,144	2.68%
37%	198	$40,210,000	$203,081	$2,390	2.91%
36%	181	$37,775,000	$208,702	$2,244	2.85%
39%	179	$37,535,000	$209,693	$2,226	2.86%
44%	178	$39,480,000	$221,798	$2,412	2.98%
43%	172	$36,830,000	$214,128	$2,351	2.81%
42%	164	$36,120,000	$220,244	$2,292	2.87%
41%	159	$32,965,000	$207,327	$2,406	2.85%
38%	159	$32,895,000	$206,887	$2,364	2.93%
40%	154	$33,910,000	$220,195	$2,242	2.91%
45%	102	$22,270,000	$218,333	$2,215	2.81%
49%	99	$21,255,000	$214,697	$2,335	2.77%
47%	95	$22,125,000	$232,895	$2,265	2.84%
48%	91	$20,745,000	$227,967	$2,199	2.84%
46%	86	$20,370,000	$236,860	$2,590	2.81%

West Gate Bank lent most frequently to those with DTI ratios of 20-30%, with 1,668 originations. The next most common DTI ratio? 30-36%, with 1,091 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	5,111	$1,074,445,000	$210,222	$2,242	2.81%
Not provided	322	$72,360,000	$224,720	$2,584	2.81%
Not applicable	64	$55,440,000	$866,250	$0	3.87%
Asian	35	$9,655,000	$275,857	$2,377	2.74%
Black	29	$6,485,000	$223,621	$2,972	2.76%
American Indian	14	$2,220,000	$158,571	$2,521	2.85%
Native Hawaiian or Islander	4	$940,000	$235,000	$2,411	2.66%
Asian Indian	1	$335,000	$335,000	$2,668	2.75%
Other Pacific Islander	1	$185,000	$185,000	$1,556	2.50%
Korean	1	$155,000	$155,000	$1,719	2.63%

Approval Rates

Total approvals of all applications
97.11%

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
92.76%

West Gate Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	5,582	$1,222,220,000	$218,957

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	5,582	$1,222,220,000	$218,957

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	330	$47,760,000	$144,727	$2,005	2.66%
40-60%	1,006	$188,270,000	$187,147	$2,016	2.63%
60-80%	2,338	$541,630,000	$231,664	$2,171	2.84%
80-100%	1,824	$411,990,000	$225,872	$2,509	2.91%
Over 100%	43	$28,785,000	$669,419	$9,544	3.08%
Under 20%	41	$3,785,000	$92,317	$1,104	3.02%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
West Coast Servicing, Inc.	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	20.0%
West Coast Servicing, Inc.	Conventional home mortgage	Struggling to pay mortgage	2	40.0%
West Coast Servicing, Inc.	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	2	40.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
West Gate Bank	1004 Cornhusker Road Bellevue, NE 68005	Full Service B&M	$11,184
West Gate Bank	1020 South 179th Court Omaha, NE 68118	Full Service B&M	$29,768
West Gate Bank	1204 West O St Lincoln, NE 68528	Full Service B&M	$83,273
West Gate Bank	2037 South 17th Street Lincoln, NE 68502	Full Service B&M	$43,171
West Gate Bank	2662 Cornhusker Highway, Suite 3 Lincoln, NE 68521	Full Service B&M	$26,310
West Gate Bank	4955 O St Lincoln, NE 68510	Full Service B&M	$41,627
West Gate Bank	5555 S 27th St Lincoln, NE 68512	Limited, Drive-thru	$0
West Gate Bank	6003 Old Cheney Road, Suite 100 Lincoln, NE 68516	Full Service B&M	$507,891
West Gate Bank	8400 Eagle Crest Rd Lincoln, NE 68505	Full Service B&M	$48,235
West Gate Bank	9775 Q Street Omaha, NE 68127	Full Service B&M	$25,097

For 2021, West Gate Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$39,086
Net interest income	$37,375
Total noninterest income	$21,217
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,369
Trading account gains and fees	$0
Additional Noninterest Income	$19,848
Pre-tax net operating income	$16,848
Securities gains (or losses, -)	$0
Income before extraordinary items	$13,706
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$13,706
Minority interest net income	$0
Net income	$13,706
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$13,706

West Gate Bank's gross interest income from loans was $39,086,000.
West Gate Bank's net interest income from loans was $37,375,000.
West Gate Bank's fee based income from loans was $1,369,000.
West Gate Bank's net income from loans was $13,706,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,711
Provision for credit losses	$1,429
Total noninterest expense	$40,315
Salaries and employee benefits	$21,035
Premises and equipment expense	$2,301
Additional noninterest expense	$16,979
Applicable income taxes	$3,142
Net charge-offs	$47
Cash dividends	$1,100

West Gate Bank's interest expense for loans was $1,711,000.
West Gate Bank's payroll and benefits expense were $21,035,000.
West Gate Bank's property, plant and equipment expenses $2,301,000.

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	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	6.0%
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	$866,169
Deposits held in domestic offices	$866,169
Deposits by Individuals, partnerships, and corporations	$761,294
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$102,392
Deposits by Commercial banks and other depository institutions in U.S.	$2,483
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$493,447
Demand deposits	$375,777
Nontransaction accounts	$372,722
Money market deposit accounts (MMDAs)	$231,847
Other savings deposits (excluding MMDAs)	$32,925
Total time deposits	$107,949
Total time and savings deposits	$490,392
Noninterest-bearing deposits	$275,626
Interest-bearing deposits	$590,542
Retail deposits	$845,475
IRAs and Keogh plan accounts	$6,911
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,000,660
Cash & Balances due from depository institutions	$18,916
Interest-bearing balances	$6,123
Total securities	$106,213
Federal funds sold & reverse repurchase	$0
Net loans and leases	$796,739
Loan and leases loss allowance	$7,960
Trading account assets	$0
Bank premises and fixed assets	$27,155
Other real estate owned	$0
Goodwill and other intangibles	$31,093
All other assets	$20,544

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,000,660
Total Liabilities	$883,960
Total deposits	$866,169
Interest-bearing deposits	$590,542
Deposits held in domestic offices	$866,169
% insured (estimated)	$68
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$12,791

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$796,739
Loan and leases loss allowance	$7,960
Total loans and leases (domestic)	$804,699
All real estate loans	$702,066
Real estate loans in domestic offices	$702,066
Construction and development loans	$96,935
Residential 1-4 family construction	$29,344
Other construction, all land development and other land	$67,591
Loans secured by nonfarm nonresidential properties	$241,228
Nonfarm nonresidential secured by owner-occupied properties	$42,685
Commercial real estate & other non-farm, non-residential	$198,543
Multifamily residential real estate	$71,140
1-4 family residential loans	$290,818
Farmland loans	$1,945
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$74,873
To non-U.S. addressees	$0
Loans to individuals	$1,169
Credit card loans	$0
Related Plans	$35
Consumer Auto Loans	$142
Other loans to individuals	$992
All other loans & leases	$26,591
Loans to foreign governments and official institutions	$0
Other loans	$15,266
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	$646
Non 1-4 family restructured loans & leases	$646
Total loans and leases (foreign)	$0

West Gate Bank had $796,739,000 of loans outstanding in 2021. $702,066,000 of loans were in real estate loans. $96,935,000 of loans were in development loans. $71,140,000 of loans were in multifamily mortgage loans. $290,818,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $142,000 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	204	$62,107	$304,446
Nonfarm, nonresidential loans - <$100k	24	$1,117	$46,542
Nonfarm, nonresidential loans - $100-250k	58	$8,037	$138,569
Nonfarm, nonresidential loans - $250k-1MM	122	$52,953	$434,041
Commercial & Industrial, US addressed loans - <$1MM	195	$36,971	$189,595
Commercial & Industrial, US addressed loans - <$100k	90	$1,406	$15,622
Commercial & Industrial, US addressed loans - $100-250k	43	$2,766	$64,326
Commercial & Industrial, US addressed loans - $250k-1MM	62	$32,799	$529,016
Farmland loans - <$1MM	4	$1,106	$276,500
Farmland loans - $100-250k	2	$111	$55,500
Farmland loans - $250k-1MM	2	$995	$497,500