Western State Bank

Western State Bank is headquartered in Devils Lake and is the 13^st largest bank in the state of North Dakota. It is also the 1,325^th largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 133 employees at 9 locations. Western State Bank has a 5-star health rating.

Western State Bank Routing Number: 091307149

Data for Q1 2012

Institution Statistics Western State Bank FDIC Certificate # 9123 BankRate Report View Year Established 1902 Employees 133 Primary Regulator FDIC Assets and Liabilities Assets $511.86 million Loans $416.39 million Deposits $448.97 million Equity Capital $56.30 million Loan Loss Allowance $7.10 million Unbacked Noncurrent Loans $2.11 million Real Estate Owned $1.16 million Historic Data - March 2011 Assets $429.28 million Equity Capital $40.93 million Loan Loss Allowance $6.47 million Unbacked Noncurrent Loans $1.59 million Profit Margin - Quarterly Net Interest Margin 5.42% Return on Assets 1.31% Return on Equity 11.69% Interest Income $7.81 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Western State Bank had $3.27 million in non-current loans and owned real-estate with $63.4 million in equity and loan loss allowances on hand to cover it. This gives Western State Bank a Texas Ratio of 5.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Western State Bank held steady from 3.45% as of March 31, 2011 to 5.16% as of March 31, 2012, resulting in a negative change of 49.59%. This indicates that the balance sheet and financial strength for Western State Bank has held steady in recent periods. Deposit Growth In the past year, Western State Bank has increased its total deposits by $66.66 million, resulting in 17.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Western State Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Western State Bank has $511.86 million in assets with $63.4 million in equity, resulting in a capitalization level of 12.39%, which is excellent.

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