Great Western Bank

Headquarters

225 S. Main Ave.
Sioux Falls, SD 57104
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 1.05% →
2-Year CD N.A. 1.11% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 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 $12.39 billion in assets. Customers can open an account at one of its 189 branches.

FDIC Insured Yes
FDIC Certificate # 15289
Date Established 1935
Assets $ 12.39 billion
Loans $ 9.56 billion
Deposits $ 10.21 billion
Capital $ 1,224.84 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 - August 9, 2020

Your Current Location: Virginia, VA 20146

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 - August 9, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Great Western Bank
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Branches

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.

Your Location:
Ashburn,Virginia


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 BestCashCow.com 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
17.98% 6.94%

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, 2020, Great Western Bank had $217,423,000 in non-current loans and $27,289,000 in owned real estate. To cover these potential losses it had $1,224,843,000 in equity and $135,950,000 in loans loss reserves. That gives it a Texas Ratio of 17.98%.

Return on Equity
Great Western Bank U.S. Bank Average
-185.72% 7.80%

Great Western Bank has a Return on Equity of -185.72% versus the BestCashCow average of 7.80%. 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
Great Western Bank U.S. Bank Average
9.89% 12.68%

Great Western Bank has a Capitalization of 9.89% versus the BestCashCow average of 12.68. 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 March 31, 2020, Great Western Bank had assets of $12,385,469,000, loans of $9,557,345,000, and deposits of $10,210,493,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 347.49 million
Interest-bearing balances $ 176.27 million
Total securities $ 1,990.41 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 9.56 billion
Loan loss allowance $ 135.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 27.29 million
Goodwill and other intangibles $ 8.57 million
All other assets $ 311.75 million
     Total Assets $ 11.16 billion
LIABILITIES
Total deposits $ 10.21 billion
      Interest-bearing deposits $ 8.20 billion
      Deposits held in domestic offices $ 10.21 billion
      % insured (estimated) 68.24%
Federal funds purchased and repurchase agreements $ 64.81 million
Trading liabilities N.A.
Other borrowed funds $ 800.00 million
Subordinated debt N.A.
All other liabilities $ 85.32 million
      Total Liabilities $ 11.16 billion
      Shareholders’ Equity $ 1,224.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 125.61 million
Total Interest Expense $ 22.02 million
Net interest income $ 103.59 million
Provision for loan and lease losses $ 71.80 million
Total non interest income N.A.
Total non interest expense $ 801.09 million
Pre-tax Net Operating Income N.A.

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 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.55
Multifamily
Mortgages
4.82
Credit Card Loans 0.15
Consumer Auto Loans 0.20
Small Business Loans 5.17
Construction and Development Loans 5.49
Commercial Real Estate 39.68
Commercial and Industrial Loans 14.25
Farm Loans 10.12

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?

Yes

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?

Products

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


  • March 07, 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 ago...so 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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