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 proud to partner with our customers and local businesses to support the vibrant growth of our communities.
West Gate Bank continues to grow and expand our presence in the communities we serve. 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 $131 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, 2023)
| ASSETS | |
|---|---|
| Cash & Due from Banks | $27,812,463 |
|
Bonds
U.S. Government, federal agency, and municipal bonds
|
$234,600,870 |
| Loans Loans made to local businesses and customers |
$873,414,357 |
| Land, Buildings, Furniture and Fixtures | $28,672,465 |
| Other Assets | $86,481,868 |
| Total Assets | $1,250,982,023 |
| LIABILITIES & EQUITY | |
|---|---|
| Deposits | $1,093,989,567 |
| Other Liabilities | $25,901,875 |
| Capital, Surplus and Undivided Profits | $131,090,581 |
| Total Liabilities & Equity | $1,250,982,023 |
West Gate Bank is consistently ranked in the top 25% of all banks nationally based on its excellent financial performance and quality metrics.