Western State Bank in city_name, state_name - Detailed Financial Reports, Location

Western State Bank in Devils Lake, North Dakota (ND), AZ
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Western State Bank routing number info

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

No	ID	Name	Address	Established	Service Type	Map
10	232825	Chandler, Az Branch	928 West Chandler Boulevard, Chandler, AZ 85225	January 01, 1899	Full Service Brick and Mortar

8 North Dakota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5841	Western State Bank	110 Fourth Street Se, Devils Lake, ND 58301	October 01, 1902	Full Service Brick and Mortar
1	15816	202 Main Street South Branch	200 Main Street South, Towner, ND 58788	January 17, 1977	Full Service Brick and Mortar
2	291628	Upham Branch	# 3 C Avenue South, Upham, ND 58789	Febuary 03, 1965	Limited Service Facility
3	291629	Willow City Branch	Main Street, Willow City, ND 58384	August 26, 1965	Limited Service Facility
5	291631	Paying And Receiving Station Branch	202 Main Street, Granville, ND 58741	September 01, 1975	Limited Service Facility
6	219495	Fort Totten Branch	816 3rd Avenue North, Fort Totten, ND 58335	October 29, 1997	Limited Service Facility
7	219496	West Fargo Branch	755 13th Avenue East, West Fargo, ND 58078	January 06, 1999	Full Service Brick and Mortar
9	466374	Fargo Branch	4302 13th Avenue South, Fargo, ND 58103	January 22, 2007	Full Service Brick and Mortar

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

Western State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2002)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Western State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2002)

List of branches

Comment about this bank, ask questions, or add new information about it:

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