Great Western Bank

225 S. Main Ave.
Sioux Falls, SD 57104


2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15289
Date Established 1935
Assets $12.00 billion
Loans $9.32 billion
Deposits $9.64 billion
Capital $1.86 billion

Great Western Bank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1935 and has approximately $12 billion in assets. Customers can open an account at one of its 189 branches.

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.

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 Construction and Development Loans, 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 7.85
Credit Card Loans 0.19
Consumer Auto Loans 0.26
Small Business Loans 5.11
Construction and Development Loans 8.45
Commercial Real Estate 34.70
Commercial and Industrial Loans 15.13
Farm Loans 12.63

Deposit Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for Great Western Bank, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Performance Plus Checking 0.01% $1,000 $8.00 Learn MoreShow Less

Loan Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
4.779% 4.750% 0.38 $832 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings and Loans 4.24% $246 Learn More
Flagstar Bank 5.49% $284 Learn More

Note to Great Western Bank
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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.

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Great Western Bank Locations

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
7.15% 7.92%

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 June 30, 2018, Great Western Bank had $127,518,000 in non-current loans and $10,221,000 in owned real estate. To cover these potential losses it had $1,861,049,000 in equity and $64,688,000 in loans loss reserves. That gives it a Texas Ratio of 7.15%.

Return on Equity
Great Western Bank U.S. Bank Average
10.02% 9.77%

Great Western Bank has a Return on Equity of 10.02% versus the BestCashCow average of 9.77%. 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
15.51% 12.31%

Great Western Bank has a Capitalization of 15.51% versus the BestCashCow average of 12.31. 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 June 30, 2018, Great Western Bank had assets of $12,001,701,000, loans of $9,315,107,000, and deposits of $9,641,978,000. 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

June 30, 2018
Cash & Balances due from depository institutions $0.29 billion
Interest-bearing balances $0.13 billion
Total securities $1.37 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $9.32 billion
Loan loss allowance $0.06 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.75 billion
All other assets $0.15 billion
     Total Assets $10.14 billion
Total deposits $9.64 billion
      Interest-bearing deposits $7.79 billion
      Deposits held in domestic offices $9.64 billion
      % insured (estimated) 69.16%
Federal funds purchased and repurchase agreements $0.11 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.34 billion
Subordinated debt $0.00 billion
All other liabilities $0.06 billion
      Total Liabilities $10.14 billion
      Shareholders’ Equity $1.86 billion

Summary Income Statement

June 30, 2018
Total Interest Income $0.24 billion
Total Interest Expense $0.03 billion
Net interest income $0.21 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.04 billion
Total non interest expense $0.11 billion
Pre-tax Net Operating Income $0.12 billion

Frequently Asked Questions About Great Western Bank

Branches and Savings

Is Great Western Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15289.

Why does Great 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 Great Western Bank CD rates not competitive?

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

Is Great Western Bank a commercial bank?


Where are Great Western Bank locations?

See branch locations nearby.

Is Great Western Bank open on Saturdays?

Is Great Western Bank open on Sundays?

What time does Great Western Bank open?

What time does Great Western Bank close?

Are Great Western Bank ATMs Open 24/7?

Do Great Western Bank ATMs accept cash deposits?

Can Great Western Bank customers use other ATMs?

Do Great Western Bank branches have notaries?

Will Great Western Bank notarize my document?

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

Will the Great Western Bank branch print checks?

Do Great Western Bank checks expire?

Does Great Western Bank require US citizenship to open account?

Can Great Western Bank close my account?

Does Great Western Bank Report to credit bureaus?

Does Great Western Bank Use Equifax?

What is Great Western Bank's ACH Routing Number?

What is Great Western Bank's SWIFT code?


Does Great Western Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Great Western Bank offer personal loans?

Compare personal loan rates here.

Does Great Western Bank offer student loans?

Will Great Western Bank cash a check?

Will Great Western Bank redeem a savings bond?

Does Great Western Bank cash savings bonds?

Will Great Western Bank cash money orders?

Can Great Western Bank issue a money order?

Does Great Western Bank do currency exchange?

Background on The Bank

Who owns Great Western Bank?

How long has Great Western Bank been around?

Can Great Western Bank transfer to other banks?

Does Great Western Bank have quick pay?

Does Great Western Bank accept rolled coins?

Will Great Western Bank accept loose change?

Where is Great Western Bank headquarters?

Customer Reviews for Great Western Bank

  • 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 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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