BankWest (SD)


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

BankWest (SD) is headquartered in PIERRE and is the 12th largest bank in the state of South Dakota. It is also the 684th largest bank in the nation. It was established in 1889 and as of March of 2023, it had grown to 355 employees at 21 locations. BankWest (SD)'s money market rates are 7X 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
Employees355
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD3.01%
Annual Interest Income$18.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.59B$1.50B
LoansQ1 2023vs Q1 2022$951.1MM$839.4MM
DepositsQ1 2023vs Q1 2022$1.38B$1.37B
Equity CapitalQ1 2023vs Q1 2022$114.4MM$119.2MM
Loan Loss AllowanceQ1 2023vs Q1 2022$13.2MM$13.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$11.6MM$16.9MM
Real Estate OwnedQ1 2023vs Q1 2022$330.00K$23.00K
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
3.04%*$1m*-Cash Builder Money Market
OTHER TIERS: 0.15% Up to $1k | 0.20% $1k - $10k | 0.70% $10k - $50k | 0.80% $50k - $100k | 1.26% $100k - $300k | 1.71% $300k - $500k | 2.02% $500k - $1m

BankWest (SD) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%-$25kePlus
Locations

Availability



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