West Gate Bank: how it compares with its peers
Against 20 NE banks with half to twice its assets, West Gate Bank's strongest measure in Q2 2026 is net interest margin (3.64% vs. a 3.48% peer median). Its weakest relative measure is efficiency ratio (76.60% vs. 60.78%).
| Measure | West Gate Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.97% | 1.25% | Bottom third Ahead of 25% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.64% | 3.48% | Middle third Ahead of 60% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 76.60% | 60.78% | Bottom third Ahead of 10% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.6M | $8.8M | Bottom third Ahead of 15% of peers |
| Loans to deposits Net loans and leases over total deposits. | 82.99% | 89.13% | Context |
What it means for lending operations
Its efficiency ratio of 76.60% is above the 60.78% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Elkhorn Valley Bank & Trust Norfolk, NE · $1.49B
- Exchange Bank Kearney, NE · $1.58B
- Adams Bank & Trust Ogallala, NE · $1.29B
- Platte Valley Bank Scottsbluff, NE · $1.25B
- Midwest Bank Pierce, NE · $1.24B
- Dayspring Bank Gothenburg, NE · $1.23B
Questions about West Gate Bank
How big is West Gate Bank?
West Gate Bank, established in 1968, is headquartered in Lincoln, NE. It reported $1.47B in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is West Gate Bank's return on assets?
0.97% annualized in Q2 2026, against a 1.25% median for 20 NE banks with half to twice its assets, ahead of 25% of them.
What is West Gate Bank's efficiency ratio?
76.60% in Q2 2026: it spent about 77 cents in noninterest expense for each dollar of revenue. The peer median is 60.78%, and lower is better.
Is West Gate Bank growing its loans?
Net loans grew 12.0% over the year to Q2 2026, while deposits grew 16.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NE banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Nebraska bank ranked.