BankWest, Inc.

420 South Pierre Street
Pierre, SD 57501

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4009
Date Established 1889
Assets $1.02 billion
Loans $0.77 billion
Deposits $0.89 billion
Capital $0.10 billion

BankWest, Inc. is an FDIC insured institution located in Pierre, SD. It was founded in 1889 and has approximately $1.02 billion in assets. Customers can open an account at one of its 19 branches.

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.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.84
Multifamily
Mortgages
2.42
Credit Card Loans 0.02
Consumer Auto Loans 2.11
Small Business Loans 6.19
Construction and Development Loans 6.43
Commercial Real Estate 11.54
Commercial and Industrial Loans 11.24
Farm Loans 30.39

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.40% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $5 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.30% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.06% $1,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
ePlus 2.02% $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

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to BankWest, Inc.
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Branches

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:
Ashburn,Virginia


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 BestCashCow.com 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
19.17% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, BankWest, Inc. had $18,699,000 in non-current loans and $2,730,000 in owned real estate. To cover these potential losses it had $102,626,000 in equity and $9,155,000 in loans loss reserves. That gives it a Texas Ratio of 19.17%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
BankWest, Inc. U.S. Bank Average
12.8% 8.58

BankWest, Inc. has a Return on Equity of 12.8% versus the BestCashCow average of 8.58. 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
BankWest, Inc. U.S. Bank Average
10.07% 12.11

BankWest, Inc. has a Capitalization of 10.07% versus the BestCashCow average of 12.11. 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 June 30, 2017, BankWest, Inc. had assets of $1,019,504,000, loans of $773,860,000, and deposits of $890,875,000. 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.

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?

Yes

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?

Products

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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