Gate City Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300TQVOMKNKFOH392

Tax ID: 45-0138060

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Mortgage Data

Bank Data

Review & Overview

Gate City Bank is a smaller bank specializing in Home Purchase loans. Gate City Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fargo, Bismarck, Grand Forks, Minot, and Williston among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gate City Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Gate City 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.25% 3/24/24
30 Year Conventional Purchase 6.31% 3/24/24
30 Year Conventional Refi 6.23% 3/24/24
30 Year Cash-out Refi 6.22% 3/24/24
30 Year FHA Purchase 7.14% 3/24/24
30 Year FHA Refi 6.87% 3/24/24
30 Year VA Purchase 5.92% 3/24/24
30 Year VA Refi 6.14% 3/24/24
30 Year USDA Purchase 6.70% 3/24/24
15 Year Conventional Purchase 5.73% 3/24/24
15 Year Conventional Refi 5.76% 3/24/24
15 Year Cash-out Refi 5.76% 3/24/24
15 Year VA Purchase 5.33% 3/24/24
15 Year VA Refi 5.70% 3/24/24
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.

Gate City Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Gate City 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

3,773

Origination Dollar Volume (All Markets)

$591,375,000

Employee count

567 Show all (24) 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
FARGO, ND-MN (FHA|USDA|VA) 1,356 $210,220,000 $155,029 $3,160 4.23%
BISMARCK, ND (FHA|USDA|VA) 744 $122,890,000 $165,175 $3,489 4.27%
GRAND FORKS, ND-MN (FHA|USDA|VA) 377 $55,965,000 $148,448 $2,878 4.27%
Outside of Metro Areas 366 $52,530,000 $143,525 $3,372 4.34%
Minot, ND (FHA|USDA|VA) 234 $37,550,000 $160,470 $3,392 4.30%
Williston, ND (FHA|USDA|VA) 139 $28,185,000 $202,770 $4,823 4.32%
Fergus Falls, MN (FHA|USDA|VA) 179 $27,535,000 $153,827 $3,572 4.30%
Dickinson, ND (FHA|USDA|VA) 83 $15,405,000 $185,602 $3,460 4.43%
Jamestown, ND (FHA|USDA|VA) 78 $7,940,000 $101,795 $2,370 4.34%
Wahpeton, ND-MN (FHA|USDA|VA) 82 $7,880,000 $96,098 $2,191 4.23%
Alexandria, MN (FHA|USDA|VA) 49 $7,385,000 $150,714 $3,459 4.28%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 20 $4,260,000 $213,000 $4,866 4.20%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $3,145,000 $241,923 $5,670 4.16%
Bemidji, MN (FHA|USDA|VA) 8 $1,410,000 $176,250 $4,319 4.44%
Brainerd, MN (FHA|USDA|VA) 8 $1,370,000 $171,250 $4,449 4.47%
ST. CLOUD, MN (FHA|USDA|VA) 5 $905,000 $181,000 $3,836 4.58%
Bozeman, MT (FHA|USDA|VA) 1 $865,000 $865,000 $0 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $715,000 $715,000 $9,897 4.50%
DULUTH, MN-WI (FHA|USDA|VA) 2 $570,000 $285,000 $5,684 4.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $7,700 3.75%
Lebanon, NH-VT (FHA|USDA|VA) 1 $315,000 $315,000 $6,238 3.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $310,000 $155,000 $2,425 3.38%
GREELEY, CO (FHA|USDA|VA) 1 $295,000 $295,000 $5,229 3.38%
ROCHESTER, MN (FHA|USDA|VA) 2 $260,000 $130,000 $3,485 3.63%
BILLINGS, MT (FHA|USDA|VA) 1 $225,000 $225,000 $5,361 4.75%
Cedar City, UT (FHA|USDA|VA) 1 $215,000 $215,000 $5,097 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,828 4.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $5,374 4.75%
TUCSON, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,187 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,816 4.13%
THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,063 3.38%
Outside of Metro Areas 1 $165,000 $165,000 $3,813 4.25%
ANN ARBOR, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,913 3.75%
GREAT FALLS, MT (FHA|USDA|VA) 1 $155,000 $155,000 $4,243 4.38%
COLUMBIA, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,299 4.25%
EL PASO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,301 3.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,753 4.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,469 4.38%
VICTORIA, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,056 4.50%
LINCOLN, NE (FHA|USDA|VA) 1 $125,000 $125,000 $3,561 3.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,774 3.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,552 4.00%
Willmar, MN (FHA|USDA|VA) 1 $115,000 $115,000 $5,231 4.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,787 3.13%
Vernal, UT (FHA|USDA|VA) 1 $65,000 $65,000 $2,840 4.38%
Gate City Bank's top markets include Fargo, Bismarck, Grand Forks, Minot, and Williston among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,985 $498,515,000 $167,007 $2,928 4.26%
    HELOC 422 $23,860,000 $56,540 n/a 4.33%
    FHA 230 $41,470,000 $180,304 $6,513 4.34%
    VA 92 $21,120,000 $229,565 $6,958 4.16%
    USDA 44 $6,410,000 $145,682 $4,606 4.17%

    For 2018, Gate City Bank's most frequently originated type of loan was Conventional, with 2,985 originations. Their 2nd most popular type was HELOC, with 422 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,981 $407,065,000 $205,485 $4,406 4.23%
    Refi 569 $72,805,000 $127,953 $1,833 4.35%
    Home Improvement 470 $21,460,000 $45,660 $338 4.46%
    Other 407 $22,305,000 $54,803 $495 4.44%
    Cash Out Refi 346 $67,740,000 $195,780 $4,047 3.94%

    For 2018, Gate City Bank's most frequently cited loan purpose was Home Purchase, with 1,981 originations. The 2nd most popular reason was Refi, with 569 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,041 $432,695,000 $212,001 $4,482 4.20%
    10 Year 731 $41,225,000 $56,395 $559 4.32%
    15 Year 661 $73,215,000 $110,764 $1,669 4.50%
    5 Year 234 $26,660,000 $113,932 $180 3.94%
    20 Year 87 $15,735,000 $180,862 $3,632 4.46%
    Other 16 $1,680,000 $105,000 $1,218 4.78%
    1 Year 3 $165,000 $55,000 $0 5.00%

    For 2018, Gate City Bank's most frequently cited loan duration was 30 Year, with 2,041 originations. The 2nd most popular length was 10 Year, with 731 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,332 $137,760,000 $103,423
    $2k-3k 780 $144,000,000 $184,615
    $3k-4k 480 $128,100,000 $266,875
    $1k-2k 359 $37,745,000 $105,139
    $4k-5k 152 $54,740,000 $360,132
    $5k+ 62 $30,620,000 $493,871

    Gate City Bank's average total fees were $4,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,332 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,063 $318,705,000 $154,486
    3-4% 1,351 $232,255,000 $171,913
    5-6% 193 $16,795,000 $87,021
    2.5-3% 70 $15,710,000 $224,429
    6-7% 35 $2,605,000 $74,429
    7-8% 34 $2,390,000 $70,294
    <2.5% 27 $2,915,000 $107,963

    During 2018, Gate City Bank's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 4-5%, with 2,063 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,419 $70,775,000 $49,877 $799 4.48%
    $100k-200k 1,197 $180,645,000 $150,915 $3,555 4.22%
    $200k-400k 1,037 $275,985,000 $266,138 $5,187 4.06%
    $400k-600k 95 $42,705,000 $449,526 $6,417 4.03%
    $600k-1MM 20 $15,210,000 $760,500 $10,743 4.32%
    $1MM+ 5 $6,055,000 $1,211,000 $3,348 4.23%

    2018 saw Gate City Bank place emphasis on $100,000 or less loans with 1,419 originations, totaling $70,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 933 $153,315,000 $164,325 $3,446 4.29%
    $50k-75k 785 $109,405,000 $139,369 $3,386 4.24%
    $75k-100k 755 $117,235,000 $155,278 $3,505 4.25%
    $50k or less 530 $56,110,000 $105,868 $3,061 4.21%
    $150k-250k 431 $80,185,000 $186,044 $3,290 4.37%
    $250k+ 113 $30,295,000 $268,097 $4,288 4.19%

    Gate City Bank lent most frequently to those with incomes in the $100k-150k range, with 933 originations. The second most popular income band? $50k-75k, with 785 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 869 $122,185,000 $140,604 $2,890 4.23%
    30-36% 750 $116,380,000 $155,173 $3,317 4.29%
    <20% 324 $40,850,000 $126,080 $2,503 4.19%
    42% 209 $32,085,000 $153,517 $2,809 4.37%
    38% 165 $24,085,000 $145,970 $3,101 4.31%
    41% 156 $25,780,000 $165,256 $3,478 4.38%
    39% 148 $23,130,000 $156,284 $3,441 4.30%
    40% 129 $21,525,000 $166,860 $3,704 4.29%
    37% 125 $19,975,000 $159,800 $3,528 4.24%
    36% 109 $18,355,000 $168,394 $3,256 4.26%
    43% 105 $20,225,000 $192,619 $4,316 4.06%
    44% 102 $19,600,000 $192,157 $4,694 4.10%
    45% 77 $15,605,000 $202,662 $4,802 4.12%
    49% 68 $11,900,000 $175,000 $5,175 4.10%
    48% 64 $9,670,000 $151,094 $4,340 4.32%
    46% 63 $12,385,000 $196,587 $4,780 4.08%
    47% 62 $10,820,000 $174,516 $4,610 4.17%
    50-60% 32 $6,790,000 $212,188 $3,725 4.37%
    >60% 20 $3,960,000 $198,000 $2,913 4.52%

    Gate City Bank lent most frequently to those with DTI ratios of 20-30%, with 869 originations. The next most common DTI ratio? 30-36%, with 750 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,410 $535,030,000 $156,900 $3,349 4.25%
    Not provided 195 $23,835,000 $122,231 $2,836 4.42%
    Not applicable 103 $22,265,000 $216,165 $1,003 4.63%
    Asian 33 $5,665,000 $171,667 $3,843 4.11%
    Black 15 $2,675,000 $178,333 $4,025 4.06%
    American Indian 16 $1,900,000 $118,750 $2,886 4.29%
    Native Hawaiian or Islander 1 $5,000 $5,000 $767 4.25%

    Approval Rates

    Total approvals of all applications
    95.67%

    Gate City 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
    86.09%

    Gate City Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,773 $591,375,000 $156,739

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 25 $14,175,000 $567,000
    Single Family (1-4 Units):Manufactured 32 $2,890,000 $90,313
    Single Family (1-4 Units):Site-Built 3,716 $574,310,000 $154,551

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 481 $33,985,000 $70,655 $742 4.54%
    40-60% 294 $42,520,000 $144,626 $2,804 4.10%
    60-80% 875 $180,395,000 $206,166 $3,897 4.18%
    80-100% 1,400 $303,550,000 $216,821 $4,645 4.15%
    Over 100% 26 $6,870,000 $264,231 $11,312 4.15%
    Under 20% 697 $24,055,000 $34,512 $233 4.53%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Gate City Bank 1725 Golf Drive Bismarck, ND 58503 Full Service B&M $41,972
    Gate City Bank 201 Briggs Ave. S. Park River, ND 58270 Full Service B&M $21,625
    Gate City Bank 204 Sims St. Dickinson, ND 58602 Full Service B&M $162,346
    Gate City Bank 101 East Main St Mohall, ND 58761 Full Service B&M $8,116
    Gate City Bank 1017 S. Broadway Minot, ND 58701 Full Service B&M $104,332
    Gate City Bank 11 1st St Se Mayville, ND 58257 Full Service B&M $10,630
    Gate City Bank 111 South Main St Hettinger, ND 58639 Full Service B&M $9,974
    Gate City Bank 1119 9th Street East West Fargo, ND 58078 Full Service B&M $50,599
    Gate City Bank 1501 S. University Drive Fargo, ND 58103 Full Service B&M $20,895
    Gate City Bank 1532 32nd Avenue South Fargo, ND 58103 Full Service Retail $4,138
    Gate City Bank 1630 Broadway St Alexandria, MN 56308 Full Service B&M $11,956
    Gate City Bank 2501 Broadway Fargo, ND 58102 Full Service B&M $38,186
    Gate City Bank 2710 State Street Bismarck, ND 58503 Full Service B&M $97,153
    Gate City Bank 2850 24th Ave. S. Grand Forks, ND 58206 Full Service B&M $81,385
    Gate City Bank 2929 20th Street South Moorhead, MN 56560 Full Service B&M $21,392
    Gate City Bank 304 East Rosser Avenue Bismarck, ND 58502 Full Service B&M $173,766
    Gate City Bank 305 8th Street South Moorhead, MN 56560 Full Service B&M $49,965
    Gate City Bank 309 2nd Ave Sw Jamestown, ND 58401 Full Service B&M $76,244
    Gate City Bank 3100 25 St S Fargo, ND 58103 Full Service B&M $67,289
    Gate City Bank 3204 Yorktown Drive Bismarck, ND 58503 Full Service B&M $5,093
    Gate City Bank 3205 South Washington Grand Forks, ND 58201 Full Service B&M $66,622
    Gate City Bank 3800 51st Ave S Fargo, ND 58104 Full Service B&M $4,356
    Gate City Bank 3909 13th Ave. S. Fargo, ND 58103 Full Service B&M $110,632
    Gate City Bank 405 East Main Street Mandan, ND 58554 Full Service B&M $35,096
    Gate City Bank 4101 13th Ave S Fargo, ND 58103 Full Service Retail $2,943
    Gate City Bank 4151 45th Street S Fargo, ND 58104 Full Service Retail $16,939
    Gate City Bank 422 Main Street Williston, ND 58801 Full Service B&M $110,923
    Gate City Bank 428 West Lincoln Ave Fergus Falls, MN 56537 Full Service B&M $16,887
    Gate City Bank 500 2nd Ave N Fargo, ND 58102 Full Service Cyber Office $25,595
    Gate City Bank 500 Second Avenue North Fargo, ND 58102 Full Service B&M $125,457
    Gate City Bank 501 Demers Avenue Grand Forks, ND 58201 Full Service B&M $35,948
    Gate City Bank 601 Fourth Street Devils Lake, ND 58301 Full Service B&M $31,668
    Gate City Bank 720 Main Street Carrington, ND 58421 Full Service B&M $32,078
    Gate City Bank 802 Dakota Ave Wahpeton, ND 58074 Full Service B&M $41,235
    Gate City Bank 837 31st Ave E West Fargo, ND 58078 Full Service B&M $17,205
    Gate City Bank 924 31st Ave Sw, Dakota Square Minot, ND 58702 Full Service B&M $58,230
    Gate City Bank 950 40th Ave S Moorhead, MN 56560 Full Service Retail $2,590

    For 2018, Gate City Bank had 37 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $71,528
    Net interest income $64,397
    Total noninterest income $42,409
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $22,519
    Trading account gains and fees $0
    Additional Noninterest Income $19,890
    Pre-tax net operating income $17,329
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,474
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,474
    Minority interest net income $0
    Net income $13,474
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,474

    Gate City Bank's gross interest income from loans was $71,528,000.
    Gate City Bank's net interest income from loans was $64,397,000.
    Gate City Bank's fee based income from loans was $22,519,000.
    Gate City Bank's net income from loans was $13,474,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,131
    Provision for credit losses $2,632
    Total noninterest expense $86,845
    Salaries and employee benefits $41,745
    Premises and equipment expense $10,098
    Additional noninterest expense $35,002
    Applicable income taxes $3,855
    Net charge-offs $1,939
    Cash dividends $0

    Gate City Bank's interest expense for loans was $7,131,000.
    Gate City Bank's payroll and benefits expense were $41,745,000.
    Gate City Bank's property, plant and equipment expenses $10,098,000.

    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 $1,875,907
    Deposits held in domestic offices $1,875,907
    Deposits by Individuals, partnerships, and corporations $1,864,406
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,501
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $179,194
    Demand deposits $50,477
    Nontransaction accounts $1,696,713
    Money market deposit accounts (MMDAs) $620,149
    Other savings deposits (excluding MMDAs) $811,484
    Total time deposits $265,080
    Total time and savings deposits $1,825,430
    Noninterest-bearing deposits $232,396
    Interest-bearing deposits $1,643,511
    Retail deposits $1,849,120
    IRAs and Keogh plan accounts $87,405
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,231,157
    Cash & Balances due from depository institutions $50,688
    Interest-bearing balances $32,586
    Total securities $118,198
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,972,171
    Loan and leases loss allowance $11,671
    Trading account assets $0
    Bank premises and fixed assets $60,840
    Other real estate owned $947
    Goodwill and other intangibles $11,042
    All other assets $17,271

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,231,157
    Total Liabilities $1,984,722
    Total deposits $1,875,907
    Interest-bearing deposits $1,643,511
    Deposits held in domestic offices $1,875,907
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $89,000
    Subordinated debt $0
    All other liabilities $19,815

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,972,171
    Loan and leases loss allowance $11,671
    Total loans and leases (domestic) $1,983,842
    All real estate loans $1,320,683
    Real estate loans in domestic offices $1,320,683
    Construction and development loans $18,040
    Residential 1-4 family construction $9,189
    Other construction, all land development and other land $8,851
    Loans secured by nonfarm nonresidential properties $60,874
    Nonfarm nonresidential secured by owner-occupied properties $44,077
    Commercial real estate & other non-farm, non-residential $16,797
    Multifamily residential real estate $23,708
    1-4 family residential loans $1,218,061
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $237
    Commercial and industrial loans $45,929
    To non-U.S. addressees $0
    Loans to individuals $615,570
    Credit card loans $0
    Related Plans $11,332
    Consumer Auto Loans $310,919
    Other loans to individuals $293,319
    All other loans & leases $1,424
    Loans to foreign governments and official institutions $0
    Other loans $1,424
    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 $868
    Non 1-4 family restructured loans & leases $65
    Total loans and leases (foreign) $0

    Gate City Bank had $1,972,171,000 of loans outstanding in 2018. $1,320,683,000 of loans were in real estate loans. $18,040,000 of loans were in development loans. $23,708,000 of loans were in multifamily mortgage loans. $1,218,061,000 of loans were in 1-4 family mortgage loans. $237,000 of loans were in farm loans. $0 of loans were in credit card loans. $310,919,000 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 156 $40,210 $257,756
    Nonfarm, nonresidential loans - <$100k 24 $1,447 $60,292
    Nonfarm, nonresidential loans - $100-250k 57 $7,732 $135,649
    Nonfarm, nonresidential loans - $250k-1MM 75 $31,031 $413,747
    Commercial & Industrial, US addressed loans - <$1MM 667 $34,835 $52,226
    Commercial & Industrial, US addressed loans - <$100k 541 $12,825 $23,706
    Commercial & Industrial, US addressed loans - $100-250k 82 $8,734 $106,512
    Commercial & Industrial, US addressed loans - $250k-1MM 44 $13,276 $301,727
    Agriculture operations loans - <$1MM 5 $237 $47,400
    Agriculture operations loans - <$100k 5 $237 $47,400