Dakota Western Bank

202 South Main Street
Bowman, ND 58623

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8637
Date Established 1910
Assets $0.27 billion
Loans $0.19 billion
Deposits $0.21 billion
Capital $0.03 billion

Dakota Western Bank is an FDIC insured institution located in Bowman, ND. It was founded in 1910 and has approximately $0.27 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Dakota Western Bank'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 Dakota Western Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, Dakota Western Bank’s loan portfolio does not show any specific loan specialty.

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 2.04
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.05
Small Business Loans 0.00
Construction and Development Loans 0.22
Commercial Real Estate 6.14
Commercial and Industrial Loans 12.09
Farm Loans 40.47

Deposit Rates - March 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.00% $500 - Learn MoreShow Less
6 Mo CD
1.51% $500 - Learn MoreShow Less
12 Mo CD
1.75% $500 - Learn MoreShow Less
Special: 18 Mo CD
2.43% $2,500 - Learn MoreShow Less
24 Mo CD
2.00% $500 - Learn MoreShow Less
Special: 30 Mo CD
2.79% $2,500 - Learn MoreShow Less
36 Mo CD
2.15% $500 - Learn MoreShow Less
48 Mo CD
2.25% $500 - Learn MoreShow Less
60 Mo CD
2.80% $500 - Learn MoreShow Less
Special: 66 Mo CD
3.02% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $200 - Learn MoreShow Less
Special: 18 Mo FIRA
2.43% $2,500 - Learn MoreShow Less
Special: 66 Mo FIRA
3.02% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - March 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Dakota Western Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.375% 4.250% 0.50 $3,750 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Dakota Western Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Dakota 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:
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Dakota Western Bank Locations


Financial Details

Dakota Western Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Dakota 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
Dakota Western Bank U.S. Bank Average
2.32% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Dakota Western Bank had $767,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,916,000 in equity and $3,154,000 in loans loss reserves. That gives it a Texas Ratio of 2.32%.

Return on Equity
Dakota Western Bank U.S. Bank Average
18.43% 9.95%

Dakota Western Bank has a Return on Equity of 18.43% versus the BestCashCow average of 9.95%. 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
Dakota Western Bank U.S. Bank Average
11.13% 12.19%

Dakota Western Bank has a Capitalization of 11.13% versus the BestCashCow average of 12.19. 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.

Dakota Western Bank Balance Sheet Analysis

As of September 30, 2018, Dakota Western Bank had assets of $268,802,000, loans of $192,994,000, and deposits of $205,896,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.19 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.24 billion
LIABILITIES
Total deposits $0.21 billion
      Interest-bearing deposits $0.16 billion
      Deposits held in domestic offices $0.21 billion
      % insured (estimated) 75.77%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.24 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Dakota Western Bank

Branches and Savings

Is Dakota Western Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8637.

Why does Dakota Western Bank pay such low interest on savings accounts?

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

Why are Dakota Western Bank CD rates not competitive?

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

Is Dakota Western Bank a commercial bank?

Yes

Where are Dakota Western Bank locations?

See branch locations nearby.

Is Dakota Western Bank open on Saturdays?

Is Dakota Western Bank open on Sundays?

What time does Dakota Western Bank open?

What time does Dakota Western Bank close?

Are Dakota Western Bank ATMs Open 24/7?

Do Dakota Western Bank ATMs accept cash deposits?

Can Dakota Western Bank customers use other ATMs?

Do Dakota Western Bank branches have notaries?

Will Dakota Western Bank notarize my document?

What address for Dakota Western Bank should I put for incoming ACH transfers?

Will the Dakota Western Bank branch print checks?

Do Dakota Western Bank checks expire?

Does Dakota Western Bank require US citizenship to open account?

Can Dakota Western Bank close my account?

Does Dakota Western Bank Report to credit bureaus?

Does Dakota Western Bank Use Equifax?

What is Dakota Western Bank's ACH Routing Number?

What is Dakota Western Bank's SWIFT code?

Products

Does Dakota Western Bank offer mortgages?

Compare mortgage rates here.

Does Dakota Western Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dakota Western Bank offer personal loans?

Compare personal loan rates here.

Does Dakota Western Bank offer student loans?

Will Dakota Western Bank cash a check?

Will Dakota Western Bank redeem a savings bond?

Does Dakota Western Bank cash savings bonds?

Will Dakota Western Bank cash money orders?

Can Dakota Western Bank issue a money order?

Does Dakota Western Bank do currency exchange?

Background on The Bank

Who owns Dakota Western Bank?

How long has Dakota Western Bank been around?

Can Dakota Western Bank transfer to other banks?

Does Dakota Western Bank have quick pay?

Does Dakota Western Bank accept rolled coins?

Will Dakota Western Bank accept loose change?

Where is Dakota Western Bank headquarters?

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