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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 - April 18, 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 $ 2.34 billion
Loans $ 2.07 billion
Deposits $ 2.03 billion
Capital $ 268.66 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 159.81 million
Interest-bearing balances $ 135.39 million
Total securities $ 54.75 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.07 billion
Loan loss allowance $ 34.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.08 million
All other assets $ 16.57 million
     Total Assets $ 2.08 billion

LIABILITIES
Total deposits $ 2.03 billion
      Interest-bearing deposits $ 1,873.41 million
      Deposits held in domestic offices $ 2.03 billion
      % insured (estimated)" 79.09%
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 $ 2.08 billion
      Shareholders’ Equity $ 268.66 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 161.13 million
Total Interest Expense $ 59.54 million
Net interest income $ 101.59 million
Provision for loan and lease losses $ 13.23 million
Total non interest income $ 12.10 million
Total non interest expense $ 55.99 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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