Gate City Bank
Fargo, North Dakota · FDIC Cert #27774
Gate City Bank is an FDIC-insured bank (Certificate #27774) with $3.6B in total assets and $3.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Fargo, North Dakota, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.67%. BankHealthData assigns a composite Health Grade of D (40/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Gate City Bank (FDIC cert 27774) is a mid-sized bank with $3.6B in total assets and $3.1B in deposits, based in Fargo, North Dakota. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is normal: non-performing loan ratio of 0.67% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 15.8% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is thin: ROA of 0.38% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Gate City Bank carries a composite BankHealth grade of D (40/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Gate City Bank
- Total Assets
- $3.6B
- Total Deposits
- $3.1B
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.67%
- Liquidity Ratio
- 15.84%
- Return on Assets
- 0.38%
- Headquarters
- Fargo, North Dakota
- FDIC Certificate
- #27774
- Health Grade
- D (40/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Gate City Bank holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Gate City Bank to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Gate City Bank shows some financial weakness with a Health Score of 40/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Gate City Bank Compares
Gate City Bank’s Health Score of 40 is 28 points below the North Dakota state average of 68 across 55 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.67% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.38% is below the national ROA benchmark of ~1.1%. Among 396 similarly-sized banks, the average Health Score is 73, meaning this bank ranks below its size cohort. Site-wide, Gate City Bank is 30 points below the portfolio average of 70.
Frequently Asked Questions
Gate City Bank has a Bank Health Score of D (40/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Gate City Bank's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.67% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Gate City Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #27774). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Gate City Bank holds $3.6B in total assets and $3.1B in total deposits. It is headquartered in Fargo, North Dakota (FDIC Certificate #27774).
Gate City Bank has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.67%, and the return on assets is 0.38%.
Yes. Gate City Bank is FDIC-insured (Certificate #27774). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Gate City Bank shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.