BankWest (SD)

Overview / Commentary

605-224-7391

420 South Pierre Street
Pierre, SD 57501

BankWest (SD) is headquartered in PIERRE and is the 12^th largest bank in the state of South Dakota. It is also the 684^th 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+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	4009
Year Established	1889
Employees	355
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.21%
Return on Equity - YTD	3.01%
Annual Interest Income	$18.3MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$1.59B$1.50B
Loans	Q1 2023vs Q1 2022	$951.1MM$839.4MM
Deposits	Q1 2023vs Q1 2022	$1.38B$1.37B
Equity Capital	Q1 2023vs Q1 2022	$114.4MM$119.2MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$13.2MM$13.5MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$11.6MM$16.9MM
Real Estate Owned	Q1 2023vs Q1 2022	$330.00K$23.00K

Rates

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Money Market
Checking

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.78%	-	$25k	ePlus

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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