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
4.00% $0 Compare

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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Branches

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Western State Bank Locations