BankWest

5921 Main Street
Rockford, MN 55373
(763) 477-5231
www.bankwestmn.com

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BankWest is headquartered in Rockford and is the 166^th largest bank in the state of Minnesota. It is also the 4,806^th largest bank in the nation. It was established in 1948 and as of September of 2011, it had grown to 33 employees at 3 locations. BankWest has a 2-star health rating.

BankWest Routing Number: 091916543

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See Rates for: Checking | Savings | Money Market | CD | IRA

BankWest Checking Account Rates

Apy	Min	Max	Product
0.25%	-	$25k	Power Checking
0.20%	-	-	Preferred Checking
0.20%	-	-	Commercial Super Now
0.20%	-	-	Business Preferred Checking
0.20%	-	-	Analysis Account Earnings Credit
0.15%	$1k	-	Advantage Checking
0.15%	$1k	-	Business Advantage Checking

BankWest Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Regular Savings
0.10%	-	-	Business Regular Savings

BankWest Money Market Rates

Apy	Min	Max	Product
0.40%	$750k	-	High Yield Money Market Savings
0.40%	$750k	-	Business High Yield Money Market Savings
0.35%	$250k	-	Preferred Money Market Savings
0.35%	$250k	-	Business Preferred Money Market Savings
0.15%	-	-	Money Market Savings
0.15%	-	-	Business Money Market Savings

BankWest CD Rates

Apy	Min	Max	Product
0.70%	$2k	-	60 Month Certificate
0.70%	$2k	-	Business 60 Month Certificate
0.60%	$2k	-	48 Month Certificate
0.60%	$2k	-	Business 48 Month Certificate
0.50%	$2k	-	36 Month Certificate
0.50%	$2k	-	Business 36 Month Certificate
0.40%	$2k	-	24 Month Certificate
0.40%	$2k	-	Business 24 Month Certificate
0.20%	$2k	-	12 Month Certificate
0.20%	$2k	-	Business 12 Month Certificate
0.10%	$2k	-	6 Month Certificate
0.10%	$2k	-	Business 6 Month Certificate
0.05%	$2k	-	3 Month Certificate
0.05%	$2k	-	Business 3 Month Certificate

BankWest IRA Rates

Apy	Min	Max	Product
0.50%	$2k	-	30 Month IRA Certificate
0.50%	$2k	-	30 Month Roth IRA Certificate
0.50%	$2k	-	Business 30 Month IRA Certificate
0.50%	$2k	-	Business 30 Month Roth IRA Certificate
0.30%	$2k	-	18 Month IRA Certificate
0.30%	$2k	-	18 Month Roth IRA Certificate
0.30%	$2k	-	Business 18 Month IRA Certificate
0.30%	$2k	-	Business 18 Month Roth IRA Certificate

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

BANKWEST
FDIC Certificate #	16704
BankRate Report	View
Year Established	1948
Employees	33
Primary Regulator	FDIC
Assets and Liabilities
Assets	$105.77 million
Loans	$74.34 million
Deposits	$97.07 million
Equity Capital	$8.24 million
Loan Loss Allowance	$2.64 million
Unbacked Noncurrent Loans	$5.17 million
Real Estate Owned	$3.88 million
Historic Data - September 2010
Assets	$118.17 million
Equity Capital	$8.50 million
Loan Loss Allowance	$2.22 million
Unbacked Noncurrent Loans	$5.31 million
Real Estate Owned	$5.06 million
Profit Margin - Quarterly
Net Interest Margin	4.46%
Return on Assets	-1.31%
Return on Equity	-17.63%
Interest Income	$3.90 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 BankWest had $9.05 million in non-current loans and owned real-estate with $10.88 million in equity and loan loss allowances on hand to cover it. This gives BankWest a Texas Ratio of 83.18% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for BankWest held steady from 96.72% as of September 30, 2010 to 83.18% as of September 30, 2011, resulting in a positive change of 13.99%.This indicates that the balance sheet and financial strength for BankWest has held steady in recent periods.
Deposit Growth
In the past year, BankWest has decreased its total deposits by -$12.05 million, resulting in -11.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BankWest has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BankWest has $105.77 million in assets with $10.88 million in equity, resulting in a capitalization level of 10.28%, which is above average.

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