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110 Fourth Street Se
Devils Lake, ND 58301

Western State Bank is headquartered in Devils Lake and is the 11st largest bank in the state of North Dakota. It is also the 956th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 172 employees at 11 locations. Western State Bank has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Western State Bank had $1.89 million in non-current loans and owned real-estate with $79.07 million in equity and loan loss allowances on hand to cover it. This gives Western State Bank a Texas Ratio of 2.39% 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 experienced no significant changes from 1.94% as of March 31, 2013 to 2.39% as of March 31, 2014, resulting in a negative change of 22.78%. This indicates that the balance sheet and financial strength for Western State Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Western State Bank has increased its total deposits by $117.78 million, resulting in 22.82% 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.



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 $711.13 million in assets with $79.07 million in equity, resulting in a capitalization level of 11.12%, which is excellent.

Institution Statistics

FDIC Certificate #9123
Year Established1902
Primary RegulatorFDIC
Assets and Liabilities
Assets$711.13 million
Loans$597.27 million
Deposits$633.95 million
Equity Capital$67.76 million
Loan Loss Allowance$11.31 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$0
Historic Data - March 2013
Assets$584.62 million
Equity Capital$60.83 million
Loan Loss Allowance$8.57 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.22%
Return on Assets1.28%
Return on Equity13.33%
Interest Income$10.21 million

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Western State Bank has 11 locations. Click to view all Western State Bank locations.