Gate City Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300TQVOMKNKFOH392

Tax ID: 45-0138060

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

Review & Overview

Gate City Bank is a small bank specializing in Home Purchase and Refi loans. Gate City Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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 73 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 an average 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
Home Equity Line of Credit (HELOC)	6.25%	11/17/24
30 Year Conventional Purchase	6.31%	11/17/24
30 Year Conventional Refi	6.23%	11/17/24
30 Year Cash-out Refi	6.22%	11/17/24
30 Year FHA Purchase	7.14%	11/17/24
30 Year FHA Refi	6.87%	11/17/24
30 Year VA Purchase	5.92%	11/17/24
30 Year VA Refi	6.14%	11/17/24
30 Year USDA Purchase	6.70%	11/17/24
15 Year Conventional Purchase	5.73%	11/17/24
15 Year Conventional Refi	5.76%	11/17/24
15 Year Cash-out Refi	5.76%	11/17/24
15 Year VA Purchase	5.33%	11/17/24
15 Year VA Refi	5.70%	11/17/24
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

Purchase Price:

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% Deposit:

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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

6,479

Origination Dollar Volume (All Markets)

$1,350,645,000

Employee count

640

Awards

Gate City Bank 30 Year Conventional Loans gold

Gate City Bank 30 Year Conventional Loans silver

Gate City Bank 30 Year Conventional Loans bronze

Show all (14) 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)	2,188	$445,000,000	$203,382	$4,293	3.23%
BISMARCK, ND (FHA\|USDA\|VA)	1,440	$328,980,000	$228,458	$4,767	3.16%
Outside of Metro Areas	559	$107,255,000	$191,869	$4,446	3.21%
GRAND FORKS, ND-MN (FHA\|USDA\|VA)	574	$105,800,000	$184,321	$4,072	3.27%
Minot, ND (FHA\|USDA\|VA)	508	$104,250,000	$205,217	$4,370	3.19%
Williston, ND (FHA\|USDA\|VA)	230	$57,870,000	$251,609	$5,099	3.30%
Fergus Falls, MN (FHA\|USDA\|VA)	249	$53,755,000	$215,884	$4,307	3.12%
Dickinson, ND (FHA\|USDA\|VA)	128	$25,070,000	$195,859	$4,050	3.46%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	89	$23,025,000	$258,708	$4,628	3.18%
Alexandria, MN (FHA\|USDA\|VA)	106	$19,740,000	$186,226	$4,310	3.18%
Jamestown, ND (FHA\|USDA\|VA)	115	$18,665,000	$162,304	$3,481	3.34%
Wahpeton, ND-MN (FHA\|USDA\|VA)	106	$15,960,000	$150,566	$3,448	3.30%
ST. CLOUD, MN (FHA\|USDA\|VA)	54	$10,240,000	$189,630	$3,501	3.19%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	32	$7,560,000	$236,250	$5,005	2.92%
Brainerd, MN (FHA\|USDA\|VA)	12	$3,360,000	$280,000	$5,429	2.84%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$2,005,000	$2,005,000	$31,253	2.50%
Bemidji, MN (FHA\|USDA\|VA)	10	$1,680,000	$168,000	$3,604	3.21%
DULUTH, MN-WI (FHA\|USDA\|VA)	4	$1,130,000	$282,500	$4,616	2.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	3	$975,000	$325,000	$6,366	2.92%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$930,000	$465,000	$5,241	2.56%
GREELEY, CO (FHA\|USDA\|VA)	2	$910,000	$455,000	$7,225	2.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	1	$835,000	$835,000	$3,127	3.00%
Spearfish, SD (FHA\|USDA\|VA)	2	$800,000	$400,000	$6,442	2.94%
ROCHESTER, MN (FHA\|USDA\|VA)	3	$765,000	$255,000	$5,047	2.79%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$685,000	$685,000	$0	3.25%
RAPID CITY, SD (FHA\|USDA\|VA)	3	$645,000	$215,000	$4,601	3.00%
Bozeman, MT (FHA\|USDA\|VA)	2	$570,000	$285,000	$5,681	3.25%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	2	$560,000	$280,000	$5,237	3.13%
Sevierville, TN (FHA\|USDA\|VA)	1	$555,000	$555,000	$0	3.50%
Willmar, MN (FHA\|USDA\|VA)	4	$470,000	$117,500	$2,798	3.44%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	2	$460,000	$230,000	$5,158	2.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$445,000	$445,000	$6,811	2.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$445,000	$445,000	$9,735	2.88%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	2	$410,000	$205,000	$4,677	2.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	1	$405,000	$405,000	$6,202	3.75%
Hutchinson, MN (FHA\|USDA\|VA)	2	$400,000	$200,000	$4,750	3.19%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$395,000	$395,000	$8,611	3.13%
MANKATO, MN (FHA\|USDA\|VA)	1	$375,000	$375,000	$5,942	2.75%
Brookings, SD (FHA\|USDA\|VA)	2	$360,000	$180,000	$4,289	3.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	1	$345,000	$345,000	$6,149	2.88%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	1	$345,000	$345,000	$6,280	3.13%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	1	$345,000	$345,000	$6,658	2.75%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	1	$335,000	$335,000	$6,406	2.63%
Manitowoc, WI (FHA\|USDA\|VA)	1	$305,000	$305,000	$5,462	3.00%
SANTA FE, NM (FHA\|USDA\|VA)	1	$305,000	$305,000	$6,765	3.13%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$285,000	$285,000	$1,657	2.75%
BOISE CITY, ID (FHA\|USDA\|VA)	1	$265,000	$265,000	$6,123	3.38%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	1	$265,000	$265,000	$4,587	2.88%
Helena, MT (FHA\|USDA\|VA)	1	$265,000	$265,000	$6,818	2.88%
MADISON, WI (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,932	3.00%
Aberdeen, SD (FHA\|USDA\|VA)	1	$255,000	$255,000	$6,177	2.50%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,879	2.63%
Watertown, SD (FHA\|USDA\|VA)	1	$235,000	$235,000	$4,955	2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,206	2.88%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,837	3.38%
BILLINGS, MT (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,333	2.75%
Grand Rapids, MN (FHA\|USDA\|VA)	1	$185,000	$185,000	$4,915	3.13%
SALEM, OR (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,409	2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	2	$170,000	$85,000	$3,381	3.63%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,984	3.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	3.75%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,444	3.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	4.13%
New Ulm, MN (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,911	3.00%
Carlsbad-Artesia, NM (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	3.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	3.95%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,700	2.50%
PEORIA, IL (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,147	3.50%
APPLETON, WI (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,922	2.25%
Washington, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,647	3.25%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,226	3.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,606	2.25%
WICHITA, KS (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,847	2.88%

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)

Florida (FHA|USDA|VA)

South Dakota (FHA|USDA|VA)

Similar Lenders

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

WESTERN COOPERATIVE CREDIT UNION
Similarity Rank: 132

Unify Home Lending Inc.
Similarity Rank: 192

T & C REAL ESTATE SERVICES LLC
Similarity Rank: 455

Dacotah Bank
Similarity Rank: 594

Peoples Bank Midwest
Similarity Rank: 608

BLUE BRICK FINANCIAL LLC
Similarity Rank: 825

First Credit Union
Similarity Rank: 1034

Liberty Bank Minnesota
Similarity Rank: 1036

TRI-EMERALD FINANCIAL GROUP, INC.
Similarity Rank: 1054

ARIZONA CENTRAL
Similarity Rank: 1056

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	5,484	$1,209,170,000	$220,491	$4,181	3.15%
HELOC	514	$34,470,000	$67,062	n/a	3.98%
FHA	232	$44,820,000	$193,190	$7,107	3.34%
VA	212	$56,250,000	$265,330	$6,991	2.81%
USDA	37	$5,935,000	$160,405	$5,554	3.21%

For 2020, Gate City Bank's most frequently originated type of loan was Conventional, with 5,484 originations. Their 2nd most popular type was HELOC, with 514 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	2,376	$566,070,000	$238,245	$5,049	3.12%
Refi	2,233	$486,625,000	$217,924	$4,172	3.08%
Cash Out Refi	1,088	$249,530,000	$229,347	$4,800	2.95%
Home Improvement	423	$21,105,000	$49,894	$411	4.26%
Other	359	$27,315,000	$76,086	$1,328	4.17%

For 2020, Gate City Bank's most frequently cited loan purpose was Home Purchase, with 2,376 originations. The 2nd most popular reason was Refi, with 2,233 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	3,559	$891,835,000	$250,586	$5,060	3.07%
15 Year	1,263	$216,565,000	$171,469	$3,483	3.13%
10 Year	839	$73,055,000	$87,074	$1,684	3.84%
20 Year	488	$102,660,000	$210,369	$4,319	3.12%
5 Year	267	$41,835,000	$156,685	$170	3.60%
30+ year	35	$18,365,000	$524,714	$8,478	3.10%
Other	22	$5,400,000	$245,455	$4,143	3.38%
1 Year	5	$915,000	$183,000	$0	3.92%
3 Year	1	$15,000	$15,000	$121	3.95%

For 2020, Gate City Bank's most frequently cited loan duration was 30 Year, with 3,559 originations. The 2nd most popular length was 15 Year, with 1,263 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$2k-3k	1,800	$336,650,000	$187,028
$3k-4k	1,342	$361,490,000	$269,367
$<1k	1,100	$147,880,000	$134,436
$1k-2k	638	$72,580,000	$113,762
$4k-5k	497	$178,255,000	$358,662
$5k+	278	$152,210,000	$547,518

Gate City Bank's average total fees were $5,060, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,800 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	2,783	$678,965,000	$243,969
3-4%	2,482	$463,360,000	$186,688
<2.5%	715	$164,975,000	$230,734
4-5%	289	$29,825,000	$103,201
5-6%	166	$10,100,000	$60,843
6-7%	44	$3,420,000	$77,727

During 2020, Gate City Bank's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,783 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	2,619	$710,475,000	$271,277	$5,318	2.95%
$100k-200k	2,118	$326,780,000	$154,287	$3,737	3.12%
$100,000 or less	1,306	$71,260,000	$54,564	$1,313	3.95%
$400k-600k	343	$161,465,000	$470,743	$7,505	2.95%
$600k-1MM	74	$55,830,000	$754,459	$9,964	3.16%
$1MM+	19	$24,835,000	$1,307,105	$17,153	3.20%

2020 saw Gate City Bank place emphasis on $200k-400k loans with 2,619 originations, totaling $710,475,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	1,812	$394,720,000	$217,837	$4,628	3.21%
$50k-75k	1,302	$217,390,000	$166,966	$4,094	3.17%
$75k-100k	1,249	$244,925,000	$196,097	$4,435	3.15%
$150k-250k	899	$231,805,000	$257,848	$4,984	3.30%
$50k or less	595	$72,035,000	$121,067	$3,307	3.20%
$250k+	249	$100,335,000	$402,952	$6,698	3.23%

Gate City Bank lent most frequently to those with incomes in the $100k-150k range, with 1,812 originations. The second most popular income band? $50k-75k, with 1,302 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	1,821	$375,175,000	$206,027	$4,269	3.13%
30-36%	1,289	$275,745,000	$213,922	$4,563	3.18%
<20%	613	$116,355,000	$189,812	$3,832	3.11%
36%	242	$48,650,000	$201,033	$4,354	3.24%
42%	238	$50,880,000	$213,782	$4,252	3.44%
38%	220	$46,300,000	$210,455	$4,270	3.35%
39%	219	$44,155,000	$201,621	$4,228	3.20%
40%	215	$43,695,000	$203,233	$4,418	3.30%
37%	212	$43,630,000	$205,802	$4,330	3.29%
41%	205	$40,305,000	$196,610	$4,211	3.39%
43%	163	$35,125,000	$215,491	$4,815	3.14%
44%	149	$32,005,000	$214,799	$5,171	3.15%
45%	120	$29,890,000	$249,083	$5,321	3.06%
46%	104	$23,450,000	$225,481	$5,333	3.14%
47%	102	$22,290,000	$218,529	$5,224	3.08%
49%	94	$18,310,000	$194,787	$5,430	3.17%
48%	82	$18,980,000	$231,463	$5,605	3.11%
50-60%	26	$6,410,000	$246,538	$5,549	3.45%
>60%	9	$2,125,000	$236,111	$4,072	3.23%

Gate City Bank lent most frequently to those with DTI ratios of 20-30%, with 1,821 originations. The next most common DTI ratio? 30-36%, with 1,289 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	5,576	$1,161,470,000	$208,298	$4,446	3.19%
Not provided	577	$115,795,000	$200,685	$4,087	3.23%
Not applicable	215	$51,845,000	$241,140	$0	3.68%
American Indian	51	$10,315,000	$202,255	$4,638	3.32%
Black	31	$5,805,000	$187,258	$4,699	3.20%
Asian	21	$4,665,000	$222,143	$4,598	2.95%
Other Pacific Islander	4	$310,000	$77,500	$1,978	3.88%
Native Hawaiian or Islander	2	$220,000	$110,000	$5,638	3.45%
Asian Indian	1	$145,000	$145,000	$0	3.75%
Filipino	1	$75,000	$75,000	$0	4.25%

Approval Rates

Total approvals of all applications
96.35%

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
84.07%

Gate City Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	6,479	$1,350,645,000	$208,465

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	52	$31,130,000	$598,654
Single Family (1-4 Units):Manufactured	22	$2,490,000	$113,182
Single Family (1-4 Units):Site-Built	6,405	$1,317,025,000	$205,625

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	487	$47,725,000	$97,998	$1,824	3.78%
40-60%	777	$137,275,000	$176,673	$3,756	2.96%
60-80%	2,150	$536,270,000	$249,428	$4,753	3.02%
80-100%	2,345	$582,265,000	$248,301	$5,180	3.05%
Over 100%	33	$10,785,000	$326,818	$13,475	2.97%
Under 20%	646	$26,030,000	$40,294	$290	4.34%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Gate City Bank	2501 Broadway Fargo, ND 58102	Full Service B&M	$47,904
Gate City Bank	2710 State Street Bismarck, ND 58503	Full Service B&M	$119,000
Gate City Bank	428 West Lincoln Ave Fergus Falls, MN 56537	Full Service B&M	$21,416
Gate City Bank	1001 4th St Se Saint Cloud, MN 56304	Full Service Retail	$310
Gate City Bank	101 11th St. S Moorhead, MN 56560	Full Service Retail	$535
Gate City Bank	101 East Main St Mohall, ND 58761	Full Service B&M	$8,559
Gate City Bank	1017 S. Broadway Minot, ND 58701	Full Service B&M	$125,449
Gate City Bank	11 1st St Se Mayville, ND 58257	Full Service B&M	$13,201
Gate City Bank	110 1 St S Sauk Rapids, MN 56379	Full Service Retail	$667
Gate City Bank	111 South Main St Hettinger, ND 58639	Full Service B&M	$11,657
Gate City Bank	1119 9th Street East West Fargo, ND 58078	Full Service B&M	$61,722
Gate City Bank	1501 S. University Drive Fargo, ND 58103	Full Service B&M	$23,785
Gate City Bank	1532 32nd Avenue South Fargo, ND 58103	Full Service Retail	$5,728
Gate City Bank	1630 Broadway St Alexandria, MN 56308	Full Service B&M	$20,703
Gate City Bank	1725 Golf Drive Bismarck, ND 58503	Full Service B&M	$56,411
Gate City Bank	201 Briggs Ave. S. Park River, ND 58270	Full Service B&M	$23,430
Gate City Bank	204 Sims St. Dickinson, ND 58602	Full Service B&M	$189,251
Gate City Bank	2050 Sheyenne Street West Fargo, ND 58078	Full Service Retail	$274
Gate City Bank	2850 24th Ave. S. Grand Forks, ND 58206	Full Service B&M	$99,586
Gate City Bank	2929 20th Street South Moorhead, MN 56560	Full Service B&M	$30,705
Gate City Bank	304 East Rosser Avenue Bismarck, ND 58502	Full Service B&M	$203,466
Gate City Bank	305 8th Street South Moorhead, MN 56560	Full Service B&M	$64,407
Gate City Bank	309 2nd Ave Sw Jamestown, ND 58401	Full Service B&M	$84,554
Gate City Bank	3100 25 St S Fargo, ND 58103	Full Service B&M	$83,100
Gate City Bank	3204 Yorktown Drive Bismarck, ND 58503	Full Service B&M	$10,683
Gate City Bank	3205 South Washington Grand Forks, ND 58201	Full Service B&M	$89,575
Gate City Bank	3800 51st Ave S Fargo, ND 58104	Full Service B&M	$12,756
Gate City Bank	3909 13th Ave. S. Fargo, ND 58103	Full Service B&M	$136,803
Gate City Bank	405 East Main Street Mandan, ND 58554	Full Service B&M	$45,298
Gate City Bank	4101 13th Ave S Fargo, ND 58103	Full Service Retail	$5,010
Gate City Bank	4151 45th Street S Fargo, ND 58104	Full Service Retail	$21,802
Gate City Bank	422 Main Street Williston, ND 58801	Full Service B&M	$140,610
Gate City Bank	500 2nd Ave N Fargo, ND 58102	Full Service Cyber Office	$53,504
Gate City Bank	500 Second Avenue North Fargo, ND 58102	Full Service B&M	$141,421
Gate City Bank	501 Demers Avenue Grand Forks, ND 58201	Full Service B&M	$45,895
Gate City Bank	601 Fourth Street Devils Lake, ND 58301	Full Service B&M	$40,485
Gate City Bank	720 Main Street Carrington, ND 58421	Full Service B&M	$35,475
Gate City Bank	802 Dakota Ave Wahpeton, ND 58074	Full Service B&M	$45,165
Gate City Bank	837 31st Ave E West Fargo, ND 58078	Full Service B&M	$32,580
Gate City Bank	924 31st Ave Sw, Dakota Square Minot, ND 58702	Full Service B&M	$75,681
Gate City Bank	950 40th Ave S Moorhead, MN 56560	Full Service Retail	$4,374

For 2020, Gate City Bank had 41 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$85,971
Net interest income	$78,073
Total noninterest income	$71,293
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$21,101
Trading account gains and fees	$0
Additional Noninterest Income	$50,192
Pre-tax net operating income	$31,423
Securities gains (or losses, -)	$761
Income before extraordinary items	$24,100
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$24,100
Minority interest net income	$0
Net income	$24,100
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$23,498

Gate City Bank's gross interest income from loans was $85,971,000.
Gate City Bank's net interest income from loans was $78,073,000.
Gate City Bank's fee based income from loans was $21,101,000.
Gate City Bank's net income from loans was $24,100,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,898
Provision for credit losses	$5,134
Total noninterest expense	$112,809
Salaries and employee benefits	$53,267
Premises and equipment expense	$12,907
Additional noninterest expense	$46,635
Applicable income taxes	$8,084
Net charge-offs	$2,186
Cash dividends	$0

Gate City Bank's interest expense for loans was $7,898,000.
Gate City Bank's payroll and benefits expense were $53,267,000.
Gate City Bank's property, plant and equipment expenses $12,907,000.

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	1.0%
Nonfarm, nonresidential loans	1.0%
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	$2,399,710
Deposits held in domestic offices	$2,399,710
Deposits by Individuals, partnerships, and corporations	$2,389,296
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$9,917
Deposits by Commercial banks and other depository institutions in U.S.	$497
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$269,505
Demand deposits	$78,001
Nontransaction accounts	$2,130,205
Money market deposit accounts (MMDAs)	$697,188
Other savings deposits (excluding MMDAs)	$1,150,078
Total time deposits	$282,939
Total time and savings deposits	$2,321,709
Noninterest-bearing deposits	$348,011
Interest-bearing deposits	$2,051,699
Retail deposits	$2,365,057
IRAs and Keogh plan accounts	$84,383
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,774,625
Cash & Balances due from depository institutions	$356,707
Interest-bearing balances	$328,292
Total securities	$140,812
Federal funds sold & reverse repurchase	$0
Net loans and leases	$2,161,576
Loan and leases loss allowance	$15,995
Trading account assets	$0
Bank premises and fixed assets	$72,731
Other real estate owned	$237
Goodwill and other intangibles	$16,866
All other assets	$25,696

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,774,625
Total Liabilities	$2,481,992
Total deposits	$2,399,710
Interest-bearing deposits	$2,051,699
Deposits held in domestic offices	$2,399,710
% insured (estimated)	$93
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$48,000
Subordinated debt	$0
All other liabilities	$34,282

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$2,161,576
Loan and leases loss allowance	$15,995
Total loans and leases (domestic)	$2,177,571
All real estate loans	$1,362,746
Real estate loans in domestic offices	$1,362,746
Construction and development loans	$23,957
Residential 1-4 family construction	$14,106
Other construction, all land development and other land	$9,851
Loans secured by nonfarm nonresidential properties	$101,540
Nonfarm nonresidential secured by owner-occupied properties	$61,858
Commercial real estate & other non-farm, non-residential	$39,682
Multifamily residential real estate	$48,035
1-4 family residential loans	$1,189,214
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$171
Commercial and industrial loans	$91,947
To non-U.S. addressees	$0
Loans to individuals	$721,536
Credit card loans	$0
Related Plans	$12,857
Consumer Auto Loans	$358,510
Other loans to individuals	$350,169
All other loans & leases	$1,170
Loans to foreign governments and official institutions	$0
Other loans	$1,170
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	$10,576
Non 1-4 family restructured loans & leases	$7,834
Total loans and leases (foreign)	$0

Gate City Bank had $2,161,576,000 of loans outstanding in 2020. $1,362,746,000 of loans were in real estate loans. $23,957,000 of loans were in development loans. $48,035,000 of loans were in multifamily mortgage loans. $1,189,214,000 of loans were in 1-4 family mortgage loans. $171,000 of loans were in farm loans. $0 of loans were in credit card loans. $358,510,000 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	194	$52,023	$268,160
Nonfarm, nonresidential loans - <$100k	31	$1,676	$54,065
Nonfarm, nonresidential loans - $100-250k	64	$9,014	$140,844
Nonfarm, nonresidential loans - $250k-1MM	99	$41,333	$417,505
Commercial & Industrial, US addressed loans - <$1MM	1,517	$58,610	$38,635
Commercial & Industrial, US addressed loans - <$100k	1,317	$25,288	$19,201
Commercial & Industrial, US addressed loans - $100-250k	137	$13,762	$100,453
Commercial & Industrial, US addressed loans - $250k-1MM	63	$19,560	$310,476
Agriculture operations loans - <$1MM	8	$171	$21,375
Agriculture operations loans - <$100k	8	$171	$21,375