Gate City Bank
Fargo, North Dakota, Cass County
$4.0B in total assets, the 339th largest of 4,309 US banks and 5th of 60 headquartered in North Dakota.
- FDIC certificate
- 27774
- Established
- 1923
- Owned by
- No holding company
- Primary regulator
- OCC
- Website
- www.gatecity.bank
At a glance
Compared with 11 banks headquartered in North Dakota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.0B | 73% | $2.4B | |
| Loans | $3.0B | 73% | $1.9B | |
| Deposits | $3.6B | 73% | $2.0B | |
| Return on assets | 0.79% | 9% | 1.30% | |
| Net interest margin | 3.70% | 46% | 3.89% | |
| Efficiency ratio | 74.6% | 98% | 61.4% | |
| Equity to assets | 9.24% | 46% | 10.45% | |
| Loans to deposits | 83% | 36% | 91% |
Growth
Total assets grew 6.3% a year over the last 5 years and 8.0% a year over 10 years, without acquisitions.
Where they operate
46 branches in 21 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cass County, ND | $1.0B | 9.2% | 3 of 28 |
| Burleigh County, ND | $613M | 11.0% | 2 of 16 |
| Grand Forks County, ND | $368M | 12.8% | 3 of 15 |
| Ward County, ND | $301M | 8.7% | 3 of 11 |
| Williams County, ND | $271M | 12.9% | 5 of 6 |
| Stark County, ND | $237M | 11.7% | 3 of 10 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 11 branches since 2016 (35 to 46, +31.4%). 11 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 35 | |||
| 2016 | Opened Bismarck and Fargo | 2 | 0 | +2 | 37 |
| 2019 | Opened Moorhead and West Fargo | 2 | 0 | +2 | 39 |
| 2020 | Opened 5 in 2 states | 5 | 0 | +5 | 44 |
| 2023 | Opened Elk River and Williston | 2 | 0 | +2 | 46 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 58% | 14% | |
| Consumer | 20% | 3% | |
| Commercial real estate | 11% | 27% | |
| Multifamily | 4% | 8% | |
| Business (C&I) | 4% | 18% | |
| Construction and land | 3% | 6% | |
| Agricultural | 0% | 12% | |
| Farmland | 0% | 10% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 71% | 57% | |
| Time deposits | 16% | 26% | |
| Noninterest-bearing | 14% | 17% |
Brokered deposits are 0.4% of deposits (peers 4.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.66% | 0.90% |
| Net charge-offs, annualized | 0.16% | 0.13% |
| Reserves to loans | 0.70% | 1.17% |
| Leverage ratio | 9.85% | 9.61% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Cass County, ND
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/gate-city