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.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 9123
Date Established
1902
Assets
$ 2.23 billion
Loans
$ 1,948.45 million
Deposits
$ 1,942.86 million
Capital
$ 244.57 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 177.13 million
Interest-bearing balances
$ 151.84 million
Total securities
$ 52.08 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 1,948.45 million
Loan loss allowance
$ 33.51 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 0.75 million
Goodwill and other intangibles
$ 1.15 million
All other assets
$ 16.57 million
Total Assets
$ 1,981.56 million
LIABILITIES
Total deposits
$ 1,942.86 million
Interest-bearing deposits
$ 1,774.21 million
Deposits held in domestic offices
$ 1,942.86 million
% insured (estimated)
78.22%
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
$ 1,981.56 million
Shareholders’ Equity
$ 244.57 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 37.83 million
Total Interest Expense
$ 13.93 million
Net interest income
$ 23.89 million
Provision for loan and lease losses
$ 2.25 million
Total non interest income
$ 3.11 million
Total non interest expense
$ 13.76 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
Yeller
January 4, 2023 |
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.
Branches
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Your current location is: Ashburn, VA
Yeller
January 4, 2023 |
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.