# WESTERN STATE BANK
DEVILS LAKE, ND · FDIC certificate 9123 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.49B | |
| Deposits | $2.11B | |
| Loans and leases | $2.25B | |
| Total equity | $332.1M | |
| Loans / deposits | 104.84% (p93 of band) | 87.10% |
| Liquid assets / assets | 8.51% (p3 of band) | |
| Uninsured deposits / deposits | 22.11% (p22 of band) | 30.76% |
| Brokered deposits | 3.00% | |
| Wholesale funding | 3.21% (p36 of band) | |
| FHLB advances / assets | 0.21% | |
| Tier 1 leverage | 13.19% (p86 of band) | 10.50% |
| Unrealized securities loss / equity | -0.50% (p93 of band) | -7.75% |
| AOCI / equity | -0.14% (p62 of band) | |
| ROA (annualized) | 2.01% (p88 of band) | 1.26% |
| Net interest margin | 5.33% (p97 of band) | 3.70% |
| Efficiency ratio | 47.03% (p17 of band) | |
| Noncurrent loans | 0.90% (p70 of band) | 0.51% |
| Net charge-offs (annualized) | 0.24% (p88 of band) | |
| Reserve coverage of noncurrent | 198.76% | |
| Real estate % of loans | 40% | |
| Construction % of loans | 40.51% (p43 of band) | |
| Auto loans | $2.3M (0.10% of loans; DQ 0.13%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 2.2% | |
| Employees | 326 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | capital falling |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | capital falling |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 2 | loans exceed deposits, liquid assets <10% | capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 1 | charge-offs p90 | loans exceed deposits, liquid assets <10% |
| 2016-06 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2016-09 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | capital falling |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 | loans exceed deposits | charge-offs p90, capital falling |
| 2018-06 | 2 | liquid assets <10% |  |
| 2018-09 | 3 | charge-offs p90 |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 1 | uninsured deposits leaving | loans exceed deposits, liquid assets <10%, charge-offs p90 |
| 2019-06 | 3 | loans exceed deposits, capital falling |  |
| 2019-09 | 2 | charge-offs p90 | loans exceed deposits, capital falling |
| 2019-12 | 1 |  | uninsured deposits leaving |
| 2020-03 | 2 | loans exceed deposits, noncurrent p90 | charge-offs p90 |
| 2020-06 | 2 | liquid assets <10% | noncurrent p90 |
| 2020-09 | 4 | capital falling, charge-offs p90 |  |
| 2020-12 | 1 |  | liquid assets <10%, capital falling, charge-offs p90 |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 1 |  | loans exceed deposits |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | charge-offs p90 |
| 2023-06 | 3 | capital falling |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 1 |  | liquid assets <10%, capital falling |
| 2024-06 | 2 | liquid assets <10% |  |
| 2024-09 | 3 | charge-offs p90 |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2025-06 | 2 | loans exceed deposits, liquid assets <10% | charge-offs p90 |
| 2025-09 | 2 |  |  |
| 2025-12 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2026-03 | 0 |  |  |
| 2026-06 | 2 | loans exceed deposits, liquid assets <10% |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-26 [Western State Bank to construct new bank building in Devils Lake - devilslakejournal.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxOOElmSmF3RXZfVkRXSkhHWWlJUXAyTVFPU1diTkhjSXRiS3R6WUVlNE1iU3cycUNmeW9oT0dVbERZcEhValRRaTNHMkxYQVFqTHg5UDZKV0F3R0l4Y24zSXZMQV8xeTNhaFJKQk5Zek10aVF5N00zaDktamktaXYtZTdqVHRwb2kwZHkwNE1rVFBlc1lFZ3ExaHh3Um9zMWxGdlhWLTNtNWllOUZIaEhr?oc=5) · devilslakejournal.com
- 2026-07-25 [Braathen Joins Western State Bank Team - InForum](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOS2U3RFRpRzg0LUhfU0xQeDJOTlF6MkZlc2NhOGhyOXFoNkJBZ2VzYWhHZFhlbUVHVlltOUthVElWSEczbXM2NEd1alJRRHdNeHBONWJZR1NzcDZjVk83UnozUGR3WkNISy1NRG5LM3VuaEpMZzNqanZDZTllRjgwREVUZncyUGFQc3k1MnJOdmlScnB0a0t6aWVYUHpTSDBaQmQ4UGszclFMdw?oc=5) · InForum
- 2025-10-28 [Garden City, Western State Bank unite to boost housing access - KSN.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxPY3ZpVUNELUthQ09FdUNOS0Z2clRPWWdNZW5oYWZaSE83SndQYnJ6NEpqQjdTYzU2VkNoZVVWMFlLd3BVajE4YkJfeTVHbXZfTWJwUnRKWWNvZW9fUDBmc0NjcWh6MlN0bmdCQU0wRjc2eEVmVkRVR3hySUh6ZzZTM1ZsS0JCMkFrRVJDUlBwbnBrQWJVdUV5WXBpNURvLXNkZTE00gGoAUFVX3lxTE1OUWNpV3djZ25pcDhOeEh1MHM2emQxYThEZlFWb1pMVGtiTXFmTEVyRlRpOF9sSEFzS0JqNHJreEpHRzF3clB5ejF0b1dDYkRRRHpiYkxHQUpncVB2YTljTDhtanhua3lRN1pVZks1Q3AyVHBlN09iQ2UyLVFZU20wSHNFWDlMMy16TWxURm5pbHlyRVRORlQtbERwNG1QanVTMjU3QkJsOA?oc=5) · KSN.com
- 2026-05-02 [Western State Bank Donates To West Fargo Packer Backers - InForum](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNeGFKNUlnYndTNVdQbjVNNldxZzFHb2dPT1ZJMzh2d09fYUFBOHo0REJ6b28wRjc3R3RmVzNZVWlrOEJ5bmhnaVRZb2ZfckhxWHp2YVczdHNxandFNG84WExsaEhoQ0U3YmZINHNpLTRlcXV2MTVaeE43RDZnTGlHdkdDM1lJakxzQVJBVTJ2TFhfLWJMOWE2b1YxR2VabFU3SkdCUnJ2Z1k3M01WQXZhSjQtWl93dUI1azJDR0xONUw?oc=5) · InForum
- 2025-10-28 [‘Local Roots Loan Program’: Affordable housing partnership announced in Garden City - KWCH](https://news.google.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?oc=5) · KWCH
- 2021-11-22 [First National Bank of Omaha acquires Western State Bank - WOWT](https://news.google.com/rss/articles/CBMijwFBVV95cUxNVnNIdnAzOW9sT2VqN292WDBnbW1QZ25vVDREZGxOUmlMWkxrd2tBMzlBMTdZbTA4VGYycEczWk84ZGN2Nlltc0xLRHBYTjFkRlc3VUhxVnpFNFBRQ1lDWGF4U092X290MF9RRFBjM1g1azdyZXRHSm1FaEQ0N2xaOHdZa2RZX0ZrVGJVMENjONIBowFBVV95cUxONkR0X3J3REN5aHRDekJjbFloNDNaMFRVMFFyZFZmX0Rqd0kwWV9nbzA1VDJXWFAzLXJjTmE1ekVIbG1xT3phcmxsN1FyVUZpRFdqdUl1X18xMEU2UDMzVTRtNGNqcHoxcjlWWGJlTlRqdk45VGF6WXAtbmdaR19taTJBbTNSMlhNTV80NVFGMkIwX21Pa0xPSDB3eW1Fb213bkZz?oc=5) · WOWT
- 2021-02-22 [Western State Bank (ND) Review | Review, Fees, Offerings - SmartAsset](https://news.google.com/rss/articles/CBMihAFBVV95cUxOaERYSVVmdGUydnRhbWRxcW9TSEhscXdmOWduR18teTZ6Nm1pOGxjc3l4T01rbnpybnM5UFp3SFc2dnJjUEZrX1k3LWVFbHc4SHVlSXF3YlhUcnlBdTJBRUZmYVdCUzdzZXhBdDJldkFsUDRnY3F2RXFubjJsQkVoM3QtaXY?oc=5) · SmartAsset
- 2021-05-27 [Bell Bank opens new Biltmore-area branch; Western State Bank eyes new North Phoenix location - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPcEdLdC0tc1lJNVNtYTV6N2xHVDExVG1TWEVhOHJVcm5HMTkxb2w0bnA4ZEJtUzdWRmFRaHgyVmVYMW5xSkxNdlROeWdLYzg1d3BEbW8waG1sOHdDbDAzbVpBc2NJYzhFTmlfb1B0aW1IRnlDOUJxVERUWmk1YzFXNklzQjJTZ0NvTDRiVldPOFF2SWplZHkzN1NfbXQ1TUhDWDRTRg?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9123 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/35.json (key "9123", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide