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Western State Bank
Devils Lake, ND · State-chartered bank (not a Fed member) · Part of Western St Agency Employee STK Ownership Plan & Tr
- Total assets
- $2.49B
- Q2 2026
- Deposits
- $2.11B
- Net income
- $25.52M
- first half of 2026
- Return on assets
- 2.01%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 9123
- Main office
- Devils Lake, ND
- Holding company
- Western St Agency Employee STK Ownership Plan & Tr
- Charter
- State-chartered bank (not a Fed member)
- Primary federal regulator
- Federal Deposit Insurance Corporation (FDIC)
- Established
- 10/01/1902
- FDIC insured since
- 01/01/1934
- U.S. offices
- 10
- Employees (full-time equivalent)
- 326
- Specialty
- Commercial Lending Specialization
- Website
- www.westernbanks.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.49B | $2.59B | $2.56B | $2.4B | $2.41B | $2.44B | $2.34B | $2.3B |
| Deposits | $2.11B | $2.21B | $2.19B | $2.03B | $2.07B | $2.13B | $2.03B | $1.99B |
| Net loans and leases | $2.21B | $2.16B | $2.17B | $2.15B | $2.16B | $2.08B | $2.07B | $2.03B |
| Securities | $70.5M | $66.22M | $64.47M | $57.41M | $59.47M | $58.24M | $54.75M | $59.37M |
| Equity capital | $332.1M | $321.3M | $309.7M | $298.9M | $285.8M | $276.6M | $268.7M | $260.7M |
| Net income (year to date) | $25.52M | $12.74M | $43.42M | $32.29M | $19.45M | $8.59M | $36.63M | $26.59M |
| Return on assets | 2.01% | 1.98% | 1.79% | 1.79% | 1.62% | 1.44% | 1.63% | 1.59% |
| Return on equity | 15.90% | 16.16% | 15.08% | 15.24% | 14.05% | 12.61% | 14.51% | 14.28% |
| Net interest margin | 5.33% | 5.18% | 5.13% | 5.13% | 5.02% | 4.79% | 4.69% | 4.63% |
| Efficiency ratio | 47.0% | 47.4% | 46.9% | 45.7% | 46.6% | 48.2% | 49.3% | 50.4% |
| Noncurrent loans | 0.92% | 0.87% | 1.52% | 1.32% | 1.05% | 1.08% | 1.21% | 0.76% |
| Net charge-off rate | 0.28% | 0.25% | 0.35% | 0.33% | 0.33% | 0.38% | 0.54% | 0.35% |
| Leverage (core capital) ratio | 13.19% | 12.70% | 12.44% | 12.56% | 11.90% | 11.93% | 11.69% | 11.64% |
| Total risk-based capital ratio | 0.00% | 15.54% | 14.95% | 14.53% | 14.02% | 14.01% | 13.69% | 13.46% |
Assets grew 3.0% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$911.2M41.2%
- Commercial and industrial loans$1.26B57.1%
- Consumer loans$9.82M0.4%
Find bank branches in North Dakota · Employees: 326
Frequently asked questions
- What is Western State Bank's FDIC certificate number?
- Western State Bank's FDIC certificate number is 9123.
- How big is Western State Bank?
- Western State Bank reported total assets of $2.49B and deposits of $2.11B as of Q2 2026.
- Is Western State Bank FDIC insured?
- Yes. Western State Bank has been insured by the FDIC since 01/01/1934. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026