Great Western Bank
Our records indicate that this bank has been acquired by First Interstate Bank.
Headquarters
225 S. Main Ave.
Sioux Falls, SD 57104
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2024 Overview
General Bank Information
Great Western Bank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1935 and has approximately $13.34 billion in assets. Customers can open an account at one of its 189 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 15289 |
| Date Established | 1935 |
| Assets | $ 12.91 billion |
| Loans | $ 7.90 billion |
| Deposits | $ 11.79 billion |
| Capital | $ 1,298.06 million |
For a more detailed analysis of Great Western Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Great Western Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.932% |
6.750% 0.88 points $6,000 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
6.994% |
6.875% 0.63 points $3,885 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Great Western Bank
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Branches
Great Western Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Great Western Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Great Western Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Great Western Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Great Western Bank | U.S. Bank Average |
|---|---|
| 11.54% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Great Western Bank had $159,297,000 in non-current loans and $17,840,000 in owned real estate. To cover these potential losses it had $1,298,061,000 in equity and $236,320,000 in loans loss reserves. That gives it a Texas Ratio of 11.54%.
Return on Equity
| Great Western Bank | U.S. Bank Average |
|---|---|
| 18.65% | 12.20% |
Great Western Bank has a Return on Equity of 18.65% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Great Western Bank | U.S. Bank Average |
|---|---|
| 10.06% | 10.76% |
Great Western Bank has a Capitalization of 10.06% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Great Western Bank Balance Sheet Analysis
As of December 31, 2021, Great Western Bank had assets of $13,339,325,000, loans of $7,897,923,000, and deposits of $11,788,092,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 1,936.77 million |
| Interest-bearing balances | $ 1,815.00 million |
| Total securities | $ 2.81 billion |
| Federal funds sold and reverse repurchase | $ 101.86 million |
| Net loans and leases | $ 7.90 billion |
| Loan loss allowance | $ 236.32 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 17.84 million |
| Goodwill and other intangibles | $ 5.49 million |
| All other assets | $ 434.09 million |
| Total Assets | $ 12.04 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 11.79 billion |
| Interest-bearing deposits | $ 8.89 billion |
| Deposits held in domestic offices | $ 11.79 billion |
| % insured (estimated) | 59.83% |
| Federal funds purchased and repurchase agreements | $ 72.44 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 120.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 60.73 million |
| Total Liabilities | $ 12.04 billion |
| Shareholders’ Equity | $ 865.91 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 407.53 million |
| Total Interest Expense | $ 16.82 million |
| Net interest income | $ 390.71 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 71.76 million |
| Total non interest expense | $ 237.47 million |
| Pre-tax Net Operating Income | $ 270.57 million |
Bank Loan Profile?
The top three loan types in Great Western Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.
Compared to other banks in South Dakota, Great Western Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 8.11 | ✓ | ||
| Multifamily Mortgages |
6.48 | ✓ | ||
| Credit Card Loans | 0.16 | ✓ | ||
| Consumer Auto Loans | 0.17 | ✓ | ||
| Small Business Loans | 5.10 | ✓ | ||
| Construction and Development Loans | 5.96 | ✓ | ||
| Commercial Real Estate | 39.93 | ✓ | ||
| Commercial and Industrial Loans | 13.52 | ✓ | ||
| Farm Loans | 10.43 | ✓ | ||
Customer Reviews for Great Western Bank
Rick
January 23, 2022 |
I left this bank for 2 reasons. First, they closed some of their branch banks on Saturday without notifying customers ahead of time. Secondly, I had a CD with them and wanted the bank to be relatively close to what other banks were offering on interest. No dice. The gentleman did not even provide a figure. So I closed my accounts with them that day. This bank is NOT customer friendly like it used to be.
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Marion
August 22, 2021
GREAT WESTERN is making big changes to individual checking accounts
First they eliminating all VIP interest checking accounts
Fees will be charged for paper statements
Cashiers checks 9$
Monthly service charges unless your 1= your over 60, 2= your monthly deposits must total 250$ per statement cycle 3= must maintain $1000.00 per statement
This is definitely not a friendly bank for retirees nor anyone who only receives a small monthly social security check to live on
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eric lie
March 7, 2020
do not let a cd automaticaly rollover-you will not be given a fair rate
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Mom2thirteen
October 15, 2018 |
VOID THIS BANK! I have had a savings account for many years. I went in to close the account. It took the lady forever typing away...putting in the account number multiple times. Finally a check pops out of the printer. I told her I didn't want a check, I wanted cash (it wasn't much money). She tells me that it automatically prints out a check. I reiterated that I wanted cash. She proceeds to tell me that in order to cash the check they will have to charge me a fee because I no longer have an account at that bank. This is a check that was written with their bank name all over it. This is an amount of money that they know was in their bank 15 minutes ago...so it isn't going to over draft. This is all about getting every single cent in fees that they can get. I am beyond upset! I would NEVER EVER give them another single cent!!!!
Is this review helpful? Yes:2 / No: 0
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