Financial Overview
As a community bank, West Gate Bank® is committed to the growth of the communities it serves. West Gate Bank reinvests your deposits back into the community, and we are a proud partner in the vibrant growth of our community.
West Gate Bank is pleased to report that during the past year we have had record growth in deposits, new accounts, loans, and home mortgages. We service all of our loans right here in Nebraska, so you never have to deal with another company to get your questions answered and the service you deserve.
West Gate Bank is extremely well-capitalized with $60 million in capital (over 10% of total assets).
We are proud of our financial strength and recognize that as a customer, it is important to know that West Gate Bank is one of the strongest and most secure banks in the country. In addition, our Executive Committee has over 140 years of banking experience. Your deposits are safe with us.
To learn more about the strength of West Gate Bank, please review our Statement of Condition below or visit fdic.gov for detailed call report financial information that all banks provide on public record every quarter.
STATEMENT OF CONDITION (December 31, 2018)
ASSETS | |
|---|---|
Cash & Due from Banks | $12,827,222 |
Bonds U.S. Government, federal agency, and municipal bonds | $76,019,430 |
Loans | $477,533,620 |
Land, Buildings, Furniture and Fixtures | $23,786,424 |
Other Assets | $22,094,373 |
TOTAL ASSETS | $612,261,069 |
LIABILITIES & EQUITY | |
|---|---|
Deposits | $505,037,197 |
Other Liabilities | $44,491,108 |
Capital, Surplus and Undivided Profits | $62,732,764 |
TOTAL LIABILITIES & EQUITY | $612,261,069 |
Although confidential by law, West Gate Bank receives excellent ratings for our asset quality, management, capital, compliance, and other aspects of operating the bank. West Gate Bank is consistently ranked in the top 10% of all banks nationally on the quality metrics