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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · North Dakota, the state note

Western State Bank

Devils Lake, North Dakota · $2.49B in assets · beside the 6 other North Dakota banks between $1B and $3B

The filing

106.8%
Loans / deposits
7th of 7
13.4%
Equity / assets
1st of 7
2.02%
ROA
1st of 7

Western State Bank is the largest of the 7 North Dakota banks between $1B and $3B, with $2.49B in assets at 30 June 2026. Loans are 106.8% of deposits, the highest in the cohort against a median of 96.3%, and equity is 13.4% of assets, the highest in the cohort. Loans grew +2.6% in the year, the slowest in the cohort, and deposits grew 2.2%; the cohort's median loan growth is +6.4%.

Noncurrent loans are 0.90% of the book, 3rd of 7 against a median of 1.07%; 0.25% is 30 to 89 days past due, and the allowance covers them 2.0 times. Net charge-offs are 0.27% of loans, the highest in the cohort. Commercial real estate is 23.9% of loans, 2nd of 7 against a median of 27.1%, and 162% of capital, below the 300% screen, with construction at 40% against the 100% screen.

Return on assets is 2.02%, the highest in the cohort against a median of 1.29%, on an efficiency ratio of 47.0%, the lowest in the cohort. Five years ago it was 2.23%. The question is what the capital is for: the balance sheet carries less risk than it could.

Loans as a share of depositsND banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 96.3% DC Dakota Community Bank & Trust N.A. 67.8% SB Starion Bank 70.5% CB Cornerstone Bank 82.8% BF Bank Forward 96.3% FW First Western Bank & Trust 97.7% BB Border Bank 97.7% WS Western State Bank 106.8%
Loans, year over yearND banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +6.4% DC Dakota Community Bank & Trust N.A. +13.2% CB Cornerstone Bank +7.5% FW First Western Bank & Trust +6.9% BF Bank Forward +6.4% BB Border Bank +5.7% SB Starion Bank +5.5% WS Western State Bank +2.6%

SBA 7(a), FY2008 to FY2026

Western State Bank is the 116th largest 7(a) lender into Arizona of 337, with $8M across 6 loans, 0.1% of everything approved in the state (Wells Fargo Bank National Association leads with $1.09B). 33 of its 46 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Arizona, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Maricopa, AZ$5M117th of 3030.1%quiet FY2021
Stephens, OK$4M5th of 287.9%thin
Spokane, WA$3M40th of 1050.4%thin
Middlesex, MA$3M73rd of 1900.2%thin
Washtenaw, MI$2M35th of 930.5%quiet FY2021
Lake, FL$2M46th of 1110.6%thin
Cass, ND$2M31st of 810.6%quiet FY2009
Solano, CA$2M51st of 1090.4%quiet FY2020
Mohave, AZ$2M34th of 710.5%thin
Pinal, AZ$1M46th of 850.5%quiet FY2018
San Diego, CA$1M164th of 2380.0%quiet FY2020
Grand Forks, ND$1M14th of 341.1%quiet FY2012
Putnam, IN$1M12th of 391.9%+1.2 pts
33 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services27$15M35.6%0.02%454th of 2,596
Arts, entertainment & recreation13$14M33.7%0.10%165th of 1,656
Real estate & leasing3$5M12.4%0.04%315th of 1,452
Other services4$1M3.5%0.00%1000th of 2,248
Information2$1M2.9%0.03%357th of 958
7(a) lenders into Arizona, share of approvals since FY2008337 lenders on record; the ten largest and Western State Bank
WF Wells Fargo Bank National Associa… 10.4% $1.09B · 2,910 loans LO Live Oak Banking Company 5.9% $619M · 476 loans JC JPMorgan Chase Bank, National Ass… 5.5% $581M · 2,830 loans AF Arizona Financial Credit Union 4.0% $419M · 564 loans UB U.S. Bank, National Association 3.3% $351M · 1,216 loans CB Celtic Bank Corporation 3.2% $336M · 494 loans PB PNC Bank, National Association 3.1% $323M · 1,375 loans EB Enterprise Bank & Trust 3.0% $315M · 391 loans MB MidFirst Bank 3.0% $314M · 365 loans AF America First Federal Credit Union 2.6% $275M · 255 loans WS Western State Bank 0.1% $8M · 6 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers, Western State Bank among them; owner-occupied excluded; bold marks a screen met
Western State BankRankCohort median
Total CRE against capital, the 300% screen162%2nd of 7210%
Construction against capital, the 100% screen40%3rd of 743%
Construction and land development, share of loans6.0%3rd of 76.1%
Non-owner-occupied nonfarm nonresidential, share of loans11.2%3rd of 711.4%
Total CRE, the guidance definition, share of loans23.9%2nd of 727.1%
CRE growth over 36 months, the third prong+9.3%1st of 7+12.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Western State Bank$2.49B2.0%47.0%0.90%0.27%1.8%106.8%13.4%
First Western Bank & Trust$2.39B1.0%66.3%1.42%0.23%1.0%97.7%10.8%
Starion Bank$2.10B1.1%65.4%1.45%0.00%1.5%70.5%8.4%
Cornerstone Bank$1.85B1.2%57.1%2.35%0.12%1.3%82.8%8.2%
Dakota Community Bank & Trust N.A.$1.39B1.8%52.0%0.08%0.00%1.2%67.8%8.6%
Bank Forward$1.13B1.7%65.8%0.67%0.00%0.7%96.3%10.5%
Border Bank$1.06B1.3%63.6%1.07%0.11%1.5%97.7%9.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Western State BankCohort median
20212026Change20212026Change
Loans$1.39B$2.25B+62%$786M$1.28B+63%
Deposits$1.37B$2.11B+54%$1.05B$1.65B+58%
NPA / loans1.16%0.90%-0.25 pts0.70%1.07%+0.37 pts
Efficiency44.4%47.0%+2.7 pts60.3%63.6%+3.3 pts
ROA2.23%2.02%-0.21 pts1.25%1.29%+0.05 pts

This read was prepared for Western State Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Western State Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort ND banks $1B to $3B
Institution www.westernbanks.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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