Western State Bank: Income and Expense
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Data as of · Call Report Schedule RI How we update
Western State Bank reported all 18 line items on this page on its Q3 2026 filing. Net income was $14.5M in Q3 2026, up 13.0% from $12.8M in Q3 2025.
The standout move of Q3 2026 was in Net income: 13.5% higher than in Q2 2026, at $14.5M. On return on assets, Western State Bank ranks 3rd highest among the 60 banks headquartered in North Dakota, at 2.34% (Q3 2026). Against a median of 1.30% for banks in the $1B-10B asset tier, Western State Bank reported 2.34% on return on assets in Q3 2026, 1.04 points higher.
Net income
| Line item | Q3 2026 |
|---|---|
| Net income | $14.5M |
| Return on assets | 2.34% |
| Return on equity | 17.15% |
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Interest income and expense
Total interest expense moved most in this table, down 1.0%: $13.7M in Q2 2026, $13.5M in Q3 2026.
| Line item | Q3 2026 |
|---|---|
| Interest income on loans | $44.6M |
| Total interest expense | $13.5M |
| Interest expense on deposits | $13.4M |
| Net interest margin | 5.41% |
Noninterest income and expense
Largest change in this table: efficiency ratio, down 1.67 points to 45.01% in Q3 2026 after 46.68% in Q2 2026.
| Line item | Q3 2026 |
|---|---|
| Total noninterest expense | $16.6M |
| Salaries and general administrative expense | $12.1M |
| Amortization of intangibles | $1K |
| Other noninterest expense | $4.5M |
| Efficiency ratio | 45.01% |
Productivity
| Line item | Q3 2026 |
|---|---|
| Assets per employee | $7.7M |
| Revenue per employee | $451K |
| Full-time equivalent employees | 326 |
Credit costs and securities results
| Line item | Q3 2026 |
|---|---|
| Provision for credit losses | $2.2M |
| Provision expense to average assets | 0.35% |
| Realized gain/(loss) on securities | $0 |
Income and Expense trend
Each bar is that quarter alone, not a year-to-date total.
Lower is better: it is expense as a share of revenue.
Income and Expense by quarter
| Quarter | Net income | Return on assets | Return on equity | Efficiency ratio |
|---|---|---|---|---|
| Q4 2023 | $9.1M | 1.70% | 15.67% | 48.42% |
| Q1 2024 | $8.3M | 1.53% | 13.74% | 50.91% |
| Q2 2024 | $9.7M | 1.76% | 15.67% | 51.09% |
| Q3 2024 | $8.6M | 1.53% | 13.44% | 49.17% |
| Q4 2024 | $10.0M | 1.73% | 15.17% | 46.04% |
| Q1 2025 | $8.6M | 1.47% | 12.61% | 48.13% |
| Q2 2025 | $10.9M | 1.80% | 15.45% | 45.10% |
| Q3 2025 | $12.8M | 2.15% | 17.57% | 44.08% |
| Q4 2025 | $11.1M | 1.78% | 14.64% | 50.22% |
| Q1 2026 | $12.7M | 2.01% | 16.16% | 47.35% |
| Q2 2026 | $12.8M | 2.02% | 15.64% | 46.68% |
| Q3 2026 | $14.5M | 2.34% | 17.15% | 45.01% |
Western State Bank income and expense, quarter by quarter
Income and Expense since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedule RI, Q3 2026. Open the filed call report for Q3 2026 on the FFIEC CDR. How this page is built. See the full Western State Bank profile or its peer group comparison.
Regulator records: FDIC BankFind (cert 9123) · FFIEC NIC profile (RSSD 233554)