Overview / Commentary
BankWest (SD) is headquartered in PIERRE and is the 11th largest bank in the state of South Dakota. It is also the 643rd largest bank in the nation. It was established in 1889 and as of June of 2024, it had grown to 354 employees at 22 locations. BankWest (SD)'s money market rates are 9X the national average, and it has a B health rating.
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4009 |
| Year Established | 1889 |
| Employees | 354 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 9.23% |
| Annual Interest Income | $49.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.76B$1.65B |
| Loans | Q2 2024vs Q2 2023 | $1.15B$1.02B |
| Deposits | Q2 2024vs Q2 2023 | $1.39B$1.38B |
| Equity Capital | Q2 2024vs Q2 2023 | $135.9MM$116.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $12.2MM$11.9MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $7.3MM$4.2MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $824K$530K |
