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 650th largest bank in the nation. It was established in 1889 and as of September of 2024, it had grown to 352 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

Health Grade Components

Overall
FDIC Certificate #4009
Year Established1889
Employees352
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD8.6%
Annual Interest Income$76.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.78B$1.64B
LoansQ3 2024vs Q3 2023$1.17B$1.02B
DepositsQ3 2024vs Q3 2023$1.52B$1.4B
Equity CapitalQ3 2024vs Q3 2023$142.8MM$111.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$12.9MM$12.2MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$16.1MM$5.9MM
Real Estate OwnedQ3 2024vs Q3 2023$824K$634K
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*-Cash Builder 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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