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 19, 2024

MM RATES APY MIN
Money Market
5.15% $0 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9123
Date Established 1902
Assets $ 2.07 billion
Loans $ 1,836.49 million
Deposits $ 1,798.68 million
Capital $ 227.97 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 145.56 million
Interest-bearing balances $ 120.94 million
Total securities $ 46.21 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,836.49 million
Loan loss allowance $ 31.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.24 million
All other assets $ 16.57 million
     Total Assets $ 1,844.71 million

LIABILITIES
Total deposits $ 1,798.68 million
      Interest-bearing deposits $ 1,628.82 million
      Deposits held in domestic offices $ 1,798.68 million
      % insured (estimated) 79.96%
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 $ 1,844.71 million
      Shareholders’ Equity $ 227.97 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 94.29 million
Total Interest Expense $ 26.62 million
Net interest income $ 67.67 million
Provision for loan and lease losses $ 5.28 million
Total non interest income $ 6.10 million
Total non interest expense $ 39.17 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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