Western State Bank (Devils Lake, ND)
Western State Bank is an FDIC-insured commercial bank headquartered in Devils Lake, ND, supervised by the FDIC, with $2.51B in total assets at Q3 2026, up 4.5% from Q3 2025, the 7th largest of 60 banks headquartered in North Dakota. It was established in 1902 and holds FDIC certificate 9123. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.97% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
Also written as WSB
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9123
- Headquarters
- Devils Lake, ND
- Established
- 1902
- Total assets, Q3 2026
- $2.51B
- Assets vs Q3 2025
- +4.5%
- Tier 1 leverage ratio, Q3 2026
- 13.97%
- Domestic offices
- 10 branches
- Routing number
- 091307149
- Safety and soundness
- Is Western State Bank safe?
- Latest call report
- Q3 2026, FFIEC 051 · Western State Bank call report
- Holding company
- WESTERN STATE AGENCY, INC.
- Asset rank in state
- 7th of 60 in North Dakota
Western State Bank is one of the more profitable banks of its size. Based in Devils Lake, North Dakota, it had $2.5 billion in assets at September 30, 2026, up 4.5% from a year earlier. It earns about $2.34 a year on every $100 of assets, higher than about 9 in 10 of the 887 banks with $1 billion to $10 billion in assets (median $1.32). It also keeps 5.41 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.80 cents). Much of that comes from cost control: it spends about 45 cents to bring in each dollar of revenue.
Its $266 million non-owner-occupied commercial real estate book is improving, with 2.23% past due or on nonaccrual, down from 4.73% a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.86% of loans, down from 1.30% a year earlier.
As of September 30, 2026, Western State Bank reported a return on assets of 2.34%, a nonperforming-loan ratio of 0.86% and a Texas ratio of 5.15%. The figures come from its call report filed with the FFIEC.
Of the 60 banks headquartered in North Dakota, Western State Bank is the 7th largest by total assets at Q3 2026. From Q2 2026 to Q3 2026, its total assets rose 0.9% to $2.51B, loans rose 2.5% and deposits fell 1.4%. Its loan book on September 30, 2026 was led by commercial and industrial loans, at 56.5% of total loans, followed by non-owner-occupied commercial real estate loans at 11.5%. Its 10 offices in the FDIC Summary of Deposits are in 10 cities across 2 states; its Devils Lake office books 26% of its branch deposits. By the capital ratios in its Q3 2026 call report, Western State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 110 4th St Se, Devils Lake, ND 58301
- County
- Ramsey
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 1, 1902
- Domestic offices
- 10 branches
- Employees (FTE)
- 326
- Domestic deposits
- $2.08B
- Allowance for credit losses
- $40.2M
- Net charge-offs (YTD)
- $5.5M
- Average total assets
- $2.48B
- Average total loans
- $2.29B
- Average interest-bearing deposits
- $1.80B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9123
- Fed RSSD
- 233554
- Website
- www.westernbanks.com →
- Parent Holding Company
- WESTERN STATE AGENCY, INC. (RSSD 1123223)
- Ultimate Parent
- RSSD 4247081
Profitability
Q3 annualizedBalance Sheet
Income Statement
Operating & Funding
Watch Western State Bank: get a note when its numbers change. Free, no card required.
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, Western State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Western State Bank's total assets moved between a low of $2.17B (Q4 2023) and a high of $2.59B (Q1 2026) from Q4 2023 to Q3 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$2.51B total assets against $2.40B; $2.16B total liabilities against $2.10B.
$2.27B net loans and leases against $2.15B; $2.08B total deposits against $2.03B.
$67.9M securities against $57.4M; $105.0M cash and balances due against $123.9M.
$47.1M total interest income against $44.8M; $13.5M total interest expense against $13.8M.
$33.6M net interest income against $31.0M.
$3.2M total noninterest income against $3.0M; $16.6M total noninterest expense against $15.0M.
$2.2M provision for credit losses against $2.1M.
$14.5M net income against $12.8M.
2.34% return on assets against 2.15%; 5.41% net interest margin against 5.29%.
13.97% tier 1 leverage ratio against 12.56%.
Inside the full Western State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Western State Bank rankings
Its closest position to the top of a national ranking is 251 of 3,627, for ROA; its furthest is 779 of 973, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from 1.47% (Q1 2025) to 2.34% (Q3 2026) and its net interest margin ran from 4.78% (Q4 2024) to 5.41% (Q3 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 13.97% | 2.34% | 0.86% | 5.15% | 5.41% |
| Q2 2026 | 13.19% | 2.02% | 0.90% | 5.46% | 5.40% |
| Q1 2026 | 12.70% | 2.01% | 0.85% | 5.17% | 5.09% |
| Q4 2025 | 12.44% | 1.78% | 1.50% | 9.46% | 5.01% |
| Q3 2025 | 12.56% | 2.15% | 1.30% | 8.43% | 5.29% |
| Q2 2025 | 11.90% | 1.80% | 1.03% | 6.96% | 5.14% |
| Q1 2025 | 11.93% | 1.47% | 1.06% | 7.20% | 4.83% |
| Q4 2024 | 11.69% | 1.73% | 1.19% | 8.23% | 4.78% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Western State Bank (main office) | Devils Lake , ND | 58301 | $542.5M |
| Chandler, Az Branch | Chandler , AZ | 85225 | $444.9M |
| West Fargo Branch | West Fargo , ND | 58078 | $385.6M |
| Scottsdale, Az Branch | Scottsdale , AZ | 85254 | $166.7M |
| Sun City West Branch | Sun City West , AZ | 85375 | $158.2M |
| Sun City Branch | Sun City , AZ | 85351 | $128.4M |
| Casa Grande Branch | Casa Grande , AZ | 85122 | $114.0M |
| Fargo Branch | Fargo , ND | 58104 | $69.4M |
| Mesa, Az Branch | Mesa , AZ | 85215 | $57.6M |
| Phoenix, Az Branch | Phoenix , AZ | 85027 | $42.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2022 | Structure Change | Acquired Western Equipment Finance, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 15, 2013 | Structure Change | Acquired Central Arizona Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 14, 2013 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 9, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 9, 1997 | Structure Change | Acquired State Bank of Towner Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 4 against the institution (FDIC); 2 against individuals associated with it
- March 5, 2012, FDIC: Assessment of Civil Money Penalty: Western State Bank
- September 12, 2007, FDIC: Assessment of Civil Money Penalty: WESTERN STATE BANK
- September 12, 2007, FDIC: Assessment of Civil Money Penalty: WESTERN STATE BANK
- March 18, 1999, FDIC: Voluntary Termination of Deposit Insurance: NATIONAL BANK OF GREECE
- Period: Most recent institution action March 5, 2012. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.3% of deposits in ND, rank 14 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 335 applications, 240 loans originated, $128.2M originated, across 11 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $549K approved, $549K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Western State Bank
What are Western State Bank's total assets?
As of the Q3 2026 filing, Western State Bank reported total assets of $2.51 billion in its FFIEC call report.
Where is Western State Bank headquartered?
It is headquartered in Devils Lake, ND, United States.
When was Western State Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Western State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9123). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Western State Bank?
Western State Bank's primary federal regulator is the FDIC.
How many branches does Western State Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Western State Bank's Texas Ratio?
Its Texas Ratio is 5.15% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
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