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Western National Bank, Financial Information

About Western National Bank

 Address:
201 North Central Avenue
Duluth, MN
Saint Louis County, Minnesota
 Established:
Jan 1904
 Number of domestic offices:
3
Total assets$112M
Net income$1M
Net income, quarterly$0M
Total deposits$94M
Domestic deposits$94M
Equity capital$14M
ROA0.89%
ROAQ, quarterly1.48%
ROA, pretax1.48%
ROAQ, quarterly, pretax1.48%
ROE7.2%
ROEQ, quarterly12.22%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Western National Bank was founded in 1904 as Western State Bank. In 1927 it merged with Home State Bank and eventually adopted the name Western National Bank. The trade name WesternBank N.A. was adopted in 1997. The original Main Office in West Duluth was built in 1929 and through an expansion in 2006, was combined with the Express Office, which was originally built in 1985. The Downtown Office was opened in 1994. The Super One Office was opened in 1997.

As a hometown bank with local decision-making, Western National Bank is dedicated to producing and offering to our community a wide range of banking services of exceptional value. Western Bank is part of the MoneyPass® ATM Network.

Historical Data