Banks | Western State Bank

Western State Bank


Western State Bank is an FDIC insured institution headquartered at 110 4th St Se, Devils Lake, ND 58301.
It was founded in 1902 and has approximately $2 billion in assets. Customers can open an account at one of its 13 branches.

Deposit Rates - March 14, 2025

MM RATES APY MIN
Money Market
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Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9123
Date Established 1902
Assets $ 2.30 billion
Loans $ 2.03 billion
Deposits $ 1,989.12 million
Capital $ 260.68 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 151.59 million
Interest-bearing balances $ 129.59 million
Total securities $ 59.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.03 billion
Loan loss allowance $ 34.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.11 million
All other assets $ 16.57 million
     Total Assets $ 2.04 billion

LIABILITIES
Total deposits $ 1,989.12 million
      Interest-bearing deposits $ 1,826.86 million
      Deposits held in domestic offices $ 1,989.12 million
      % insured (estimated) 79.60%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 34.50 million
Subordinated debt N.A.
All other liabilities $ 27.61 millionn
      Total Liabilities $ 2.04 billion
      Shareholders’ Equity $ 260.68 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 118.68 million
Total Interest Expense $ 44.23 million
Net interest income $ 74.45 million
Provision for loan and lease losses $ 7.56 million
Total non interest income $ 8.43 million
Total non interest expense $ 41.79 million
Pre-tax Net Operating Income $ 26.14 million

Customer Reviews for Western State Bank (1)

Rated 5.00 stars out of 5 - based on 1 reviews

  • I've been a customer for many years. The folks are always really helpful. Just a great bank all around. I am not entirely sure about Western States as an online bank, might be hesitant to do business with them if I couldn't get to a branch.

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