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Overview / Commentary
701-662-4936
110 Fourth Street Se
Devils Lake, ND 58301

Western State Bank is headquartered in Devils Lake and is the 9th largest bank in the state of North Dakota. It is also the 771st largest bank in the nation. It was established in 1902 and as of December of 2016, it had grown to 203 employees at 11 locations. Western State Bank has an A health rating.

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$100 Checking/Direct Deposit Bonus (AZ And ND) - 10/31/2016

$100 bonus offer at Western State Bank: Requirements: Open a VIP or VIP Plus personal checking account Sign up for direct deposit Enroll in eStatements Open a Cash & Check Card Details in the bank’s Programs page under “100 ways to earn”

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Reviews (1)

New Well Account Bank

I closed the checking account I had held for many years. It didn't hold my money, but the money that 4 neighbors and I contributed each month to maintain our well. For a few months we had no financial institution holding our funds, but last week I opened a new checking account for our well funds. It's only used to hold the money and pay the power and write checks for occasional testing or repairs. There isn't a lot of activity on it, and it holds a few thousand dollars. The last repair we had was about 5,000.00 so it is necessary that we have money saved up for this type of thing. Anyway, I wanted to keep the well funds separate from any place where I personally bank (2 banks that are large, nationwide well-known banks.) I chose this small, hometown bank since it offered no-fee checking. I despise dealing with monthly fees or hoops you have to jump through to avoid them. The bank was extremely welcoming and friendly and also attractive inside. I think we'll stay with this bank for many years.



Health

Health Grade Components

Overall
FDIC Certificate #9123
Year Established1902
Employees203
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD13.84%
Annual Interest Income$54.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$960.8MM$832.0MM
LoansQ4 2016vs Q4 2015$812.1MM$731.2MM
DepositsQ4 2016vs Q4 2015$845.9MM$729.1MM
Equity CapitalQ4 2016vs Q4 2015$97.8MM$89.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$13.9MM$12.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$9.1MM$5.7MM
Real Estate OwnedQ4 2016vs Q4 2015$0$24.00K
Rates

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Locations

Western State Bank has 12 locations. Click to view all Western State Bank locations.