Gate City Bank: how it compares with its peers
Against 412 U.S. banks with half to twice its assets, Gate City Bank's strongest measure in Q2 2026 is net interest margin (3.70% vs. a 3.67% peer median). Its weakest relative measure is assets per employee ($5.9M vs. $9.3M).
| Measure | Gate City Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.85% | 1.29% | Bottom third Ahead of 18% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.70% | 3.67% | Middle third Ahead of 52% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.56% | 57.58% | Bottom third Ahead of 10% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.9M | $9.3M | Bottom third Ahead of 8% of peers |
| Loans to deposits Net loans and leases over total deposits. | 82.50% | 88.92% | Context |
What it means for lending operations
Its efficiency ratio of 74.56% is above the 57.58% 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
- Spencer Savings Bank, SLA Elmwood Park, NJ · $4.04B
- West Bank West Des Moines, IA · $4.03B
- California Bank of Commerce, National Association San Diego, CA · $4.02B
- Union Savings Bank Cincinnati, OH · $4.02B
- River Bank & Trust Prattville, AL · $4.02B
- Central Bank & Trust Co. Lexington, KY · $4.01B
Questions about Gate City Bank
How big is Gate City Bank?
Gate City Bank, established in 1923, is headquartered in Fargo, ND. It reported $4.04B in total assets in its Q2 2026 FDIC call report and operates 46 offices.
What is Gate City Bank's return on assets?
0.85% annualized in Q2 2026, against a 1.29% median for 412 U.S. banks with half to twice its assets, ahead of 18% of them.
What is Gate City Bank's efficiency ratio?
74.56% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 57.58%, and lower is better.
Is Gate City Bank growing its loans?
Net loans grew 1.1% over the year to Q2 2026, while deposits grew 8.3%.
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 U.S. 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 North Dakota bank ranked.