West Gate Bank in Lincoln, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches


West Gate Bank - Overview

  • General
  • FDIC Certificate #: 19850
    Status: Active
    Federal Reserve ID: 207050
    Bank Holding Company (Regulatory Top Holder): West Gate Banshares, Inc. (RSSDID: 1061736, Location: Lincoln, NE)
    Date Established: September 03, 1968
    WWW: http://www.westgatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13851
    FDIC's unique #: 13643
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 03, 1968
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6003 Old Cheney Road, Suite 100, Lincoln, NE 68516
    County: Lancaster
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lincoln, NE (#4360)
    Core Based Statistical Area (CBSA): Lincoln, NE (#30700)
    CBSA Metro Statistical Area: Lincoln, NE (#30700)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $317.2 mil
    Equity capital: $30.6 mil
    Deposits held in domestic offices: $250.1 mil
    Return on assets (ROA): 1.36% ($4.3 mil)
    Quarterly return on assets: 1.72% ($5.5 mil)
    Return on Equity (ROE): 14.28% ($4.4 mil)
    Quarterly return on equity: 17.84% ($5.5 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.36% ($4,313.8 mil)
    Quarterly Pretax return on assets: 1.72% ($5,455.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 107Total employees (full-time equivalent)
  • $317,191Total assets
  • $44,520Cash and due from depository institutions
  • $40,402Interest-bearing balances
  • $42,031Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $204,040Net loans & leases
  • $4,172Loan loss allowance
  • $0Trading account assets
  • $14,198Bank premises and fixed assets
  • $1,428Other real estate owned
  • $2,845Goodwill and other intangibles
  • $317,191Life insurance assets
  • $8,129All other assets
  • $286,617Total liabilities and capital
  • $250,117Total liabilities
  • $186,199Total deposits
  • $250,117Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,336Trading liabilities
  • $0Other borrowed funds
  • $5,164Subordinated debt
  • $30,574All other liabilities
  • $30,574Total equity capital
  • $30,574Total bank equity capital
  • $0Perpetual preferred stock
  • $515Common stock
  • $15,085Surplus
  • $14,974Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,599Income earned, not collected on loans
  • $0Earning assets
  • $1,151Long-term assets (5+ years)
  • $286,473Average Assets, year-to-date
  • $47,428Average Assets, quarterly
  • $302,748Volatile liabilities
  • $309,392Insider loans
  • $268,690FHLB advances
  • $309,172Loans and leases held for sale
  • $390Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,905Tier 2 risk-based capital
  • $390Total risk weighted assets
  • $0Total unused commitments
  • $59,485Restructured Loans and leases
  • $239Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,168Total interest income
  • $3,449Total interest expense
  • $10,719Net interest income
  • $1,758Provision for loan and lease losses
  • $5,706Total noninterest income
  • $0Fiduciary activities
  • $1,423Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,283Additional noninterest income
  • $10,540Total noninterest expense
  • $6,126Salaries and employee benefits
  • $955Premises and equipment expense
  • $3,459Additional noninterest expense
  • $4,127Pre-tax net operating income
  • -$23Securities gains (losses)
  • $0Applicable income taxes
  • $4,104Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,104Net income attributable to bank
  • $0Net charge-offs
  • $4,104Cash dividends
  • $1,111Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.93%Net interest margin
  • 2.09%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 14.28%Return on equity (ROE)
  • 10.10%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 158.24%Credit loss provision to net charge-offs
  • 5.30%Efficiency ratio
  • 61,212Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.24%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 74.51%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 2.69%Net loans and leases to deposits
  • 81.58%Net loans and leases to core deposits
  • 90.61%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 11.13%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $302,748Average earning assets
  • $28,744Average equity
  • $273,027Average loans

List of branches

  • 7 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013643West Gate Bank6003 Old Cheney Road, Suite 100, Lincoln, NE 68516September 03, 1968Full Service Brick and Mortar
    1249686South Street Branch2037 South 17th Street, Lincoln, NE 68502May 20, 1975Full Service Brick and Mortar
    215929Southridge Branch5555 South 27th Street, Lincoln, NE 68512Febuary 20, 1979Full Service Brick and Mortar
    3249687Cornhusker Branch2662 Cornhusker Highway, Suite 3, Lincoln, NE 68521September 28, 1988Full Service Brick and Mortar
    5365591Eagle Crest Branch8400 Eagle Crest Rd, Lincoln, NE 68505December 02, 2002Full Service Brick and Mortar
    6428007West O Branch1204 West O St, Lincoln, NE 68528May 01, 2004Full Service Brick and Mortar
    7458849Midtown Branch4955 O St, Lincoln, NE 68510Febuary 15, 2007Full Service Brick and Mortar

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