Western State Bank in Devils Lake, North Dakota (ND), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches

Western State Bank - Overview

  • General
  • FDIC Certificate #: 9123
    Status: Active
    Federal Reserve ID: 233554
    Bank Holding Company (Regulatory Top Holder): Western State Agency, Inc., Employee Stock Ownership Plan And Trust (RSSDID: 4247081, Location: Devils Lake, ND)
    Date Established: October 01, 1902
    WWW: http://www.westernbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: Yes)
    OTS Docket #: 10523
    FDIC's unique #: 5841
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Fourth Street Se, Devils Lake, ND 58301
    County: Ramsey
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $488.8 mil
    Equity capital: $55.8 mil
    Deposits held in domestic offices: $427.5 mil
    Return on assets (ROA): 1.07% ($5.2 mil)
    Quarterly return on assets: 1.23% ($6.0 mil)
    Return on Equity (ROE): 10.29% ($5.8 mil)
    Quarterly return on equity: 10.61% ($5.9 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.69% ($8,261.4 mil)
    Quarterly Pretax return on assets: 1.94% ($9,483.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 136Total employees (full-time equivalent)
  • $488,840Total assets
  • $23,686Cash and due from depository institutions
  • $12,408Interest-bearing balances
  • $46,956Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $400,016Net loans & leases
  • $6,980Loan loss allowance
  • $0Trading account assets
  • $8,186Bank premises and fixed assets
  • $1,164Other real estate owned
  • $222Goodwill and other intangibles
  • $488,840Life insurance assets
  • $6,110All other assets
  • $433,039Total liabilities and capital
  • $427,474Total liabilities
  • $385,574Total deposits
  • $427,474Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,900Trading liabilities
  • $0Other borrowed funds
  • $3,665Subordinated debt
  • $55,801All other liabilities
  • $55,801Total equity capital
  • $55,801Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $32,350Surplus
  • $22,551Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,995Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,341Income earned, not collected on loans
  • $155Earning assets
  • $1,765Long-term assets (5+ years)
  • $461,880Average Assets, year-to-date
  • $20,881Average Assets, quarterly
  • $448,544Volatile liabilities
  • $476,131Insider loans
  • $407,224FHLB advances
  • $482,609Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,413Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $71,212Restructured Loans and leases
  • $304Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,819Total interest income
  • $5,550Total interest expense
  • $23,269Net interest income
  • $2,073Provision for loan and lease losses
  • $1,458Total noninterest income
  • $0Fiduciary activities
  • $545Service charges on deposit accounts
  • $0Trading account gains & fees
  • $913Additional noninterest income
  • $15,084Total noninterest expense
  • $8,915Salaries and employee benefits
  • $1,753Premises and equipment expense
  • $4,416Additional noninterest expense
  • $7,570Pre-tax net operating income
  • $13Securities gains (losses)
  • $2,762Applicable income taxes
  • $4,821Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,821Net income attributable to bank
  • $0Net charge-offs
  • $4,821Cash dividends
  • $1,847Sale, conversion, retirement of capital stock, net
  • $825Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.79%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 5.48%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 10.29%Return on equity (ROE)
  • 8.53%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 112.24%Credit loss provision to net charge-offs
  • 5.22%Efficiency ratio
  • 60,917Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.11%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 160.79%Noncurrent assets plus other real estate owned to assets
  • 1.13%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 93.58%Net loans and leases to core deposits
  • 101.60%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 11.48%Tier 1 risk-based capital ratio
  • 13.61%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $448,544Average earning assets
  • $46,862Average equity
  • $424,331Average loans

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $9,833All other loans and all leases
  • Past due loan amounts 30-89 days (included in principal balance)
  • $01-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $558All other loans and all leases
  • Past due loan amounts 90 days or more (included in principal balance)
  • $01-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $7All other loans and all leases

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10232825Chandler, Az Branch928 West Chandler Boulevard, Chandler, AZ 85225January 01, 1899Full Service Brick and Mortar
  • 8 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05841Western State Bank110 Fourth Street Se, Devils Lake, ND 58301October 01, 1902Full Service Brick and Mortar
    115816202 Main Street South Branch200 Main Street South, Towner, ND 58788January 17, 1977Full Service Brick and Mortar
    2291628Upham Branch# 3 C Avenue South, Upham, ND 58789Febuary 03, 1965Limited Service Facility
    3291629Willow City BranchMain Street, Willow City, ND 58384August 26, 1965Limited Service Facility
    5291631Paying And Receiving Station Branch202 Main Street, Granville, ND 58741September 01, 1975Limited Service Facility
    6219495Fort Totten Branch816 3rd Avenue North, Fort Totten, ND 58335October 29, 1997Limited Service Facility
    7219496West Fargo Branch755 13th Avenue East, West Fargo, ND 58078January 06, 1999Full Service Brick and Mortar
    9466374Fargo Branch4302 13th Avenue South, Fargo, ND 58103January 22, 2007Full Service Brick and Mortar

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