PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gate City Bank

Fargo, ND · Cert 27774

State savings bank · OCC · 46 branches

Q2 2026

$4.0BAssets
$3.0BLoans
$3.6BDeposits
$373.7MEquity
Loan mix
76%RE $2.2B3%C&I $0.1B20%Consumer $0.6BQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $3.1B14%Noninterest $0.5BQ3 2024Q2 2026

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 9.3% share · #3 of 32 inst. · $1.2B of $12.9B

9.2% Cass
11.0% Burleigh
12.8% Grand Forks
8.7% Ward

Executive Summary

  • Earnings: ROA of 0.85%, up 36 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.69% of loans (-3 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 9.85%, up 20 bps from a year ago.
  • Funding: loans stand at 83.08% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.85%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+34 bps YoY

Efficiency Ratio (YTD, annualized)

74.56%-723 bps YoY

Tier 1 Leverage Ratio

9.85%+20 bps YoY

NIM

3.95%Q2 ’244.41%Q2 ’254.55%Q2 ’26+17%+11%

Non-interest income vs. expense

3.98%Q2 ’243.87%Q2 ’253.68%Q2 ’26+2%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.32%0.44%0.48%0.56%0.60%0.82%0.85%+36 bps
Return on Equity3.08%3.61%5.03%5.49%6.33%6.77%9.05%9.30%+381 bps
Net Interest Margin2.68%2.69%2.94%3.11%3.17%3.18%3.42%3.44%+34 bps
Efficiency Ratio89.45%87.85%83.63%81.79%80.30%80.09%75.24%74.56%-723 bps
Non-Interest Burden2.21%2.16%2.20%2.24%2.23%2.23%2.20%2.19%-5 bps
Growth
Asset Growth (YoY)6.30%7.81%7.50%4.28%3.75%5.68%5.72%7.81%+353 bps
Loan Growth (YoY)1.91%1.16%1.15%2.79%1.41%2.12%2.04%1.16%-163 bps
Deposit Growth (YoY)8.03%11.35%11.38%7.94%7.14%8.80%6.90%8.32%+37 bps
Asset Quality
Nonperforming Loans / Loans0.71%0.79%0.78%0.72%0.72%0.72%0.72%0.69%-3 bps
Net Charge-Offs / Loans0.15%0.16%0.16%0.14%0.14%0.13%0.18%0.16%+2 bps
Allowance / Loans0.62%0.63%0.64%0.67%0.69%0.69%0.70%0.70%+3 bps
Allowance Coverage of NPLs0.9x0.8x0.8x0.9x1.0x1.0x1.0x1.0x+0.1x
Capital
Tier 1 Leverage Ratio9.58%9.49%9.51%9.65%9.79%9.75%9.82%9.85%+20 bps
Total Risk-Based Capital9.58%9.49%9.51%9.65%9.79%9.75%9.82%9.85%+20 bps
Equity / Assets8.87%8.60%8.73%9.06%9.16%9.03%9.04%9.24%+18 bps
Liquidity & Funding
Loans / Deposits91.45%88.51%85.74%88.96%86.56%83.07%81.84%83.08%-588 bps
Liquid Assets / Assets7.02%8.73%8.07%5.06%6.84%7.17%7.28%4.39%-67 bps
CRE / Total Capitaln/an/an/an/a118.57%126.91%136.96%n/an/a