BankWest (SD)


Overview / Commentary
605-224-7391
420 South Pierre Street
Pierre, SD 57501

BankWest (SD) is headquartered in PIERRE and is the 11th largest bank in the state of South Dakota. It is also the 646th largest bank in the nation. It was established in 1889 and as of March of 2025, it had grown to 351 employees at 22 locations. BankWest (SD)'s money market rates are 9X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #4009
Year Established1889
Employees351
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD8.8%
Annual Interest Income$25.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.81B$1.69B
LoansQ1 2025vs Q1 2024$1.26B$1.08B
DepositsQ1 2025vs Q1 2024$1.51B$1.37B
Equity CapitalQ1 2025vs Q1 2024$143.1MM$131MM
Loan Loss AllowanceQ1 2025vs Q1 2024$13.9MM$12MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$16.2MM$8.3MM
Real Estate OwnedQ1 2025vs Q1 2024$0$776K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankWest (SD) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$2m*-Money Market
OTHER TIERS: 0.15% $0 - $1k | 0.20% $1k - $10k | 0.70% $10k - $50k | 0.80% $50k - $100k | 1.75% $100k - $300k | 2.25% $300k - $500k | 2.75% $500k - $1m | 3.50% $1m - $2m

BankWest (SD) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$0$50kePlus
Locations

Availability



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