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 - January 31, 2023

MM RATES APY MIN
Money Market
4.25% $0 Compare

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9123
Date Established 1902
Assets $ 1,761.28 million
Loans $ 1,395.68 million
Deposits $ 1,502.75 million
Capital $ 196.42 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 290.74 million
Interest-bearing balances $ 268.34 million
Total securities $ 37.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,395.68 million
Loan loss allowance $ 29.48 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.01 million
All other assets $ 16.57 million
     Total Assets $ 1,564.86 million

LIABILITIES
Total deposits $ 1,502.75 million
      Interest-bearing deposits $ 1,335.01 million
      Deposits held in domestic offices $ 1,502.75 million
      % insured (estimated) 72.48%
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 $ 1,564.86 million
      Shareholders’ Equity $ 196.42 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 43.60 million
Total Interest Expense $ 2.46 million
Net interest income $ 41.14 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.53 million
Total non interest expense $ 22.52 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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