Western State Bank

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Deposit Rates - May 13, 2021

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Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9123
Date Established 1902
Assets $ 1,526.80 million
Loans $ 1,324.92 million
Deposits $ 1,282.16 million
Capital $ 151.32 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 134.00 million
Interest-bearing balances $ 109.60 million
Total securities $ 34.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,324.92 million
Loan loss allowance $ 27.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.06 million
All other assets $ 16.26 million
     Total Assets $ 1,375.48 million

LIABILITIES
Total deposits $ 1,282.16 million
      Interest-bearing deposits $ 1,154.22 million
      Deposits held in domestic offices $ 1,282.16 million
      % insured (estimated) 76.26%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 74.71 million
Subordinated debt N.A.
All other liabilities $ 18.60 millionn
      Total Liabilities $ 1,375.48 million
      Shareholders’ Equity $ 151.32 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 78.93 million
Total Interest Expense $ 12.43 million
Net interest income $ 66.50 million
Provision for loan and lease losses $ 12.14 million
Total non interest income $ 10.34 million
Total non interest expense $ 37.56 million
Pre-tax Net Operating Income $ 27.14 million

Western State Bank is an FDIC insured institution headquartered at 110 Fourth Street 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.