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Gate City Bank


Gate City Bank is an FDIC insured institution headquartered at 500 2nd Ave N, Fargo, ND 58102.
It was founded in 1923 and has approximately $4 billion in assets. Customers can open an account at one of its 37 branches.

Deposit Rates - July 01, 2025

SAVINGS RATES APY MIN
Savings
0.02% $2,500 Compare
CD RATES APY MIN
12 Mo CD
0.60% $10,000 Compare
12 Mo CD
0.60% $100,000 Compare
24 Mo CD
0.70% $10,000 Compare
24 Mo CD
0.70% $100,000 Compare
30 Mo CD
0.75% $10,000 Compare
30 Mo CD
0.75% $100,000 Compare
36 Mo CD
0.80% $10,000 Compare
36 Mo CD
0.80% $100,000 Compare
48 Mo CD
0.90% $10,000 Compare
48 Mo CD
0.90% $100,000 Compare
60 Mo CD
1.10% $10,000 Compare
60 Mo CD
1.10% $100,000 Compare
MM RATES APY MIN
Money Market
0.03% $2,500 Compare
Money Market
0.03% $10,000 Compare
Money Market
0.03% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.02% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27774
Date Established 1923
Assets $ 3.77 billion
Loans $ 2.88 billion
Deposits $ 3.27 billion
Capital $ 324.05 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 374.16 million
Interest-bearing balances $ 325.08 million
Total securities $ 332.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.88 billion
Loan loss allowance $ 18.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles $ 21.22 million
All other assets $ 27.08 million
     Total Assets $ 3.44 billion

LIABILITIES
Total deposits $ 3.27 billion
      Interest-bearing deposits $ 2.83 billion
      Deposits held in domestic offices $ 3.27 billion
      % insured (estimated)" 90.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.00 million
Subordinated debt N.A.
All other liabilities $ 17.61 millionn
      Total Liabilities $ 3.44 billion
      Shareholders’ Equity $ 324.05 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 150.35 million
Total Interest Expense $ 49.60 million
Net interest income $ 100.75 million
Provision for loan and lease losses $ 4.45 million
Total non interest income $ 64.44 million
Total non interest expense $ 145.12 million
Pre-tax Net Operating Income $ 10.96 million

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