Western State Bank

Major Rating Factors: Operating profits as a percentage of assets at 2.3%, coupled with a return on assets of 2.3 has resulted in Excellent (9.8) profitability. Excellent current capitalization (9.0 on a scale of 0 to 10) based on a risk-based capital ratio of 13.4 and a capital leverage ratio of 10.4.

Other Rating Factors: A current level of 0.3 percent of nonperforming loans to core capital combined with 4.0 percent from a year earlier contributes to the Excellent asset quality (7.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).

Asset Mix: Securities (30%), comm loans (15%), comm re (7%), home mtgs (6%), cash (3%), home eq lns (1%), consumer loans (1%), other (37%)

States with Branches: KS

Asset Quality

Non-Performing Loans to Capital

0.26%

Non-Performing Assets to Assets

0.04%

Non-Performing Loans to Loans

0.06%

Loan Loss Reserves to Loans

1.98%

Charge-Offs to Average Loans

-0.11%

5-Year Charge-Offs to Average Loans

0.11%

5-Year Asset Growth

9.54%

1-Year Asset Growth

11.12%

Profitability

Operating Profit to Average Assets

2.34%

Return on Equity

27.82%

Net Interest Spread

4.58%

5-Year ROAA (Return on Average Assets)

2.03%

Overhead Efficiency Ratio

42.15%

Liquidity

Liquidity Ratio

19.12%

Hot Money

22.29%

Corporate Info

Group Affiliation

Whitcorp Financial Company

Investment Rating

Address

1500 East Kansas Avenue
Garden City, KS 67846

Phone Number

(620) 275-4128

Year Founded

1973

FDIC Number

21121

Website

http://www.wsbks.com

Largest Affiliates

Frontier Bank

Lamar, CO - Bank