Great Western Bank

Our records indicate that this bank has been acquired by First Interstate Bank.


225 S. Main Ave.
Sioux Falls, SD 57104
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Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 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 - June 27, 2022

Your Current Location: Connecticut, CT 06828


Loan Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
6.129% 5.990%
1.00 points
$3,750 fees
$1,498 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to Great Western Bank
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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 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% 3.95%

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, 2021, 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% 10.50%

Great Western Bank has a Return on Equity of 18.65% versus the BestCashCow average of 10.50%. 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.

Great Western Bank U.S. Bank Average
10.06% 11.55%

Great Western Bank has a Capitalization of 10.06% versus the BestCashCow average of 11.55. 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, 2021
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
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, 2021
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 Multifamily Mortgages, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.11
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

  • January 23, 2022 |

    CDs 12 Month Rates

    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.

  • 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

  • March 7, 2020

    do not let a cd automaticaly rollover-you will not be given a fair rate

  • 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 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!!!!

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