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.
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Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 9123
Date Established
1902
Assets
$ 2.17 billion
Loans
$ 1,912.82 million
Deposits
$ 1,880.04 million
Capital
$ 236.73 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 151.56 million
Interest-bearing balances
$ 105.66 million
Total securities
$ 51.20 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 1,912.82 million
Loan loss allowance
$ 32.40 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 1.19 million
All other assets
$ 16.57 million
Total Assets
$ 1,928.87 million
LIABILITIES
Total deposits
$ 1,880.04 million
Interest-bearing deposits
$ 1,711.85 million
Deposits held in domestic offices
$ 1,880.04 million
% insured (estimated)
77.97%
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
$ 1,928.87 million
Shareholders’ Equity
$ 236.73 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 131.48 million
Total Interest Expense
$ 39.78 million
Net interest income
$ 91.70 million
Provision for loan and lease losses
$ 7.08 million
Total non interest income
$ 7.86 million
Total non interest expense
$ 51.67 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
Click on location and enter new zip number to change.
Your current location is: Columbus, OH
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.