Western State Bank

Location
North Dakota, Ramsey County, Devils Lake
110 Fourth Street Se 58301, ND

Banks near Western State Bank

U.S. Bank
0.0 mi.
U.S. Bank, Devils Lake Branch
North Dakota, Ramsey County, Devils Lake
508 College Drive South, ND, 58301
American Bank Center
0.1 mi.
American Bank Center, Devils Lake Branch
North Dakota, Ramsey County, Devils Lake
604 College Drive South Po Box 1168, ND, 58301
Western State Bank
0.5 mi.
Western State Bank
North Dakota, Ramsey County, Devils Lake
110 Fourth Street Se, ND, 58301
Gate City Bank
0.6 mi.
Gate City Bank, 601 Fourth Street Branch
North Dakota, Ramsey County, Devils Lake
601 Fourth Street, ND, 58301
State Bank of Lakota
24.4 mi.
State Bank of Lakota, State Bank Of Lakota
North Dakota, Nelson County, Lakota
125 Main Street, ND, 58344
Citizens State Bank of Lankin
28.3 mi.
Citizens State Bank of Lankin, Paying And Receiving Branch
North Dakota, Ramsey County, Edmore
301 S Main Street, ND, 58330
Choice Financial Group
40.4 mi.
Choice Financial Group, Petersburg Branch
North Dakota, Nelson County, Petersburg
202 South Fifth Street, ND, 58272
U.S. Bank
50.6 mi.
U.S. Bank, Langdon Branch
North Dakota, Cavalier County, Langdon
319 7th Ave, ND, 58249

Western State Bank

EstablishedOct 1902
Number of domestic offices12
Websitehttp://www.westernbanks.com

About Western State Bank

Western State Bank acquired the State Bank of Towner in October 1994 and in June 1997, the State Bank of Towner and Western State Bank merged, totaling assets of $124 million.

Western Equipment Finance, a subsidiary of Western State Bank, began financing commercial equipment nationwide in 1990. The company is headquartered in Devils Lake and currently has over $165 million in equipment finance transactions outstanding.

In January 2008, Western State Bank established a Loan Production Office in Chandler, Arizona, and in April 2009 was converted into a full service banking facility. Western introduced community banking values to meet the financial needs of the businesses and residents in the growing Chandler and the East Valley communities.

In June 2012, Western acquired a bank in Casa Grande, Arizona, establishing the second Arizona location. In May 2013, Western experienced additional growth in the Arizona market when a bank was acquired in Scottsdale, Arizona. Full-service community banking is delivered to customers as the bank continues to grow.

Today the Western State Bank Board of Directors consists of Ray Horne, Brian Houkom, Gary Lochow, Todd Heilman, Brad Jacobson, Brett Johnston, Steve Daley, Jim Cullumber, Laurie Bakke and Andy Strand.

Social Media monitoring

twitter.com#fridayvibes: BIG #thanks to the good folks at #westernstatebank and bartlettlake_marina for… https://t.co/MLO0tbNJXk
Source: twitter.com | author: jason Camiolo | 1256 | 01/12/17 21:53
twitter.com Great news! Our Business Club just secured a long-term sponsor: Western State Bank, headed by Andy Strand. The club… https://t.co/wS3ePQcNbQ
Source: twitter.com | author: BenU Mesa | 500 | 01/12/17 16:22
twitter.com D and D Husbands Board Members for Western State Bank (Garden City Kansas) United States of America 🇺🇸!! https://t.co/esLb1BPad7
Source: twitter.com | author: SK Lady Anonuevo | 6 | 17/11/17 21:58
twitter.com D and D Husbands Board Members for Western State Bank North Dakota United States of America 🇺🇸!! https://t.co/gn87LKDECT
Source: twitter.com | author: SK Lady Anonuevo | 6 | 17/11/17 21:57
twitter.com AFMA toy and food bank boxes are available for donations at all our station's, admin office, and Western State Bankhttps://t.co/No4E4hHD1l
Source: twitter.com | author: AZ Fire & Medical | 2698 | 06/11/17 10:33
twitter.com Victory Health Fair is Saturday from 8 to 11 a.m. at Western State Bank Expo in Dodge City.
Source: twitter.com | author: Dodge City Globe | 2558 | 29/09/17 10:15
twitter.comhttps://t.co/lCMrAiouMG Systems Engineer- Intern: Western State Bank is seeking a driven Systems… https://t.co/8bDfMYjZ5z
Source: twitter.com | author: Clubmillionaires.net | 1503 | 27/09/17 11:34
twitter.comhttps://t.co/lCMrAiouMG Help Desk Specialist- Intern: Western State Bank is seeking an energetic Help… https://t.co/6xBsL9ShRV
Source: twitter.com | author: Clubmillionaires.net | 1503 | 27/09/17 11:34
twitter.com Customer Service Representative Supervisor - West Fargo, ND, , USA #jobs#West Fargo pls RT: Western State Bank is… https://t.co/f6MhBOrB53
Source: twitter.com | author: Climber.com | 534 | 01/09/17 11:43
twitter.com Devils Lake ND #USA - Data Center Electronic ##Banking Rep - Western State Bank Devils Lake is hiring... https://t.co/DpdPDsvaJt#WORK#JOB
Source: twitter.com | author: Credit Union Guide | 145 | 08/07/17 18:36

Financial information

Total assets$1,020M
Net income$9M
Net income, quarterly$3M
Total deposits$897M
Domestic deposits$897M
Equity capital$105M
ROA1.14%
ROAQ, quarterly1.22%
ROA, pretax1.22%
ROAQ, quarterly, pretax1.99%
ROE11.17%
ROEQ, quarterly11.86%
UpdatedJan 18, 2018

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.