BankWest, Inc.


420 South Pierre Street
Pierre, SD 57501
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.85% →
1-Year CD 0.50% 0.80% →
2-Year CD 0.55% 0.80% →
5-Year CD 0.90% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

BankWest, Inc. is an FDIC insured institution located in Pierre, SD. It was founded in 1889 and has approximately $1.44 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 4009
Date Established 1889
Assets $ 1,440.78 million
Loans $ 863.15 million
Deposits $ 1,269.27 million
Capital $ 132.88 million

For a more detailed analysis of BankWest, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 22, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
0.03% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
ePlus 1.11% $0 $0.00 Learn MoreShow Less
BW Basic Checking 0.00% $0 $5.00 Learn MoreShow Less
Premier Checking 0.00% $3,000 $10.00 Learn MoreShow Less

Loan Rates - September 22, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for BankWest, Inc.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 7147
License#: 4130937
2.705% 2.625%
0.63 points
$2,608 fees
$1,005 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to BankWest, Inc.
To upload and update your bank's rates please register. It is free to register and add rates.


BankWest, Inc. 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:
San Diego,California

BankWest, Inc. Locations

Financial Details

BankWest, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankWest, Inc.. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BankWest, Inc. U.S. Bank Average
19.1% 5.29%

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 March 31, 2021, BankWest, Inc. had $26,597,000 in non-current loans and $1,353,000 in owned real estate. To cover these potential losses it had $132,875,000 in equity and $13,491,000 in loans loss reserves. That gives it a Texas Ratio of 19.1%.

Return on Equity
BankWest, Inc. U.S. Bank Average
11.61% 11.43%

BankWest, Inc. has a Return on Equity of 11.61% versus the BestCashCow average of 11.43%. 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.

BankWest, Inc. U.S. Bank Average
9.22% 11.51%

BankWest, Inc. has a Capitalization of 9.22% versus the BestCashCow average of 11.51. 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.

BankWest, Inc. Balance Sheet Analysis

As of March 31, 2021, BankWest, Inc. had assets of $1,440,780,000, loans of $863,149,000, and deposits of $1,269,267,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 60.29 million
Interest-bearing balances $ 28.78 million
Total securities $ 363.19 million
Federal funds sold and reverse repurchase $ 85.01 million
Net loans and leases $ 863.15 million
Loan loss allowance $ 13.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.35 million
Goodwill and other intangibles $ 5.14 million
All other assets $ 36.69 million
     Total Assets $ 1,307.91 million
Total deposits $ 1,269.27 million
      Interest-bearing deposits $ 1,011.62 million
      Deposits held in domestic offices $ 1,269.27 million
      % insured (estimated) 53.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 22.00 million
Subordinated debt N.A.
All other liabilities $ 16.64 million
      Total Liabilities $ 1,307.91 million
      Shareholders’ Equity $ 132.88 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 11.81 million
Total Interest Expense $ 1.26 million
Net interest income $ 10.55 million
Provision for loan and lease losses N.A.
Total non interest income $ 6.26 million
Total non interest expense $ 11.78 million
Pre-tax Net Operating Income $ 5.03 million

Bank Loan Profile?

The top three loan types in BankWest, Inc.’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in South Dakota, BankWest, Inc. has a significantly higher percent of Construction and Development Loans 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.79
Credit Card Loans 0.03
Consumer Auto Loans 1.62
Small Business Loans 5.80
Construction and Development Loans 5.52
Commercial Real Estate 15.42
Commercial and Industrial Loans 11.93
Farm Loans 20.18

Frequently Asked Questions About Bankwest, Inc.

Branches and Savings

Is Bankwest, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #4009.

Why does Bankwest, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bankwest, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bankwest, Inc. a commercial bank?


Where are Bankwest, Inc. locations?

See branch locations nearby.

Is Bankwest, Inc. open on Saturdays?

Is Bankwest, Inc. open on Sundays?

What time does Bankwest, Inc. open?

What time does Bankwest, Inc. close?

Are Bankwest, Inc. ATMs Open 24/7?

Do Bankwest, Inc. ATMs accept cash deposits?

Can Bankwest, Inc. customers use other ATMs?

Do Bankwest, Inc. branches have notaries?

Will Bankwest, Inc. notarize my document?

What address for Bankwest, Inc. should I put for incoming ACH transfers?

Will the Bankwest, Inc. branch print checks?

Do Bankwest, Inc. checks expire?

Does Bankwest, Inc. require US citizenship to open account?

Can Bankwest, Inc. close my account?

Does Bankwest, Inc. Report to credit bureaus?

Does Bankwest, Inc. Use Equifax?

What is Bankwest, Inc.'s ACH Routing Number?

What is Bankwest, Inc.'s SWIFT code?


Does Bankwest, Inc. offer mortgages?

Compare mortgage rates here.

Does Bankwest, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankwest, Inc. offer personal loans?

Compare personal loan rates here.

Does Bankwest, Inc. offer student loans?

Will Bankwest, Inc. cash a check?

Will Bankwest, Inc. redeem a savings bond?

Does Bankwest, Inc. cash savings bonds?

Will Bankwest, Inc. cash money orders?

Can Bankwest, Inc. issue a money order?

Does Bankwest, Inc. do currency exchange?

Background on The Bank

Who owns Bankwest, Inc.?

How long has Bankwest, Inc. been around?

Can Bankwest, Inc. transfer to other banks?

Does Bankwest, Inc. have quick pay?

Does Bankwest, Inc. accept rolled coins?

Will Bankwest, Inc. accept loose change?

Where is Bankwest, Inc. headquarters?

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