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 691st largest bank in the nation. It was established in 1889 and as of June of 2022, it had grown to 369 employees at 21 locations. BankWest (SD)'s money market rates are 14% higher than 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
Employees369
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD7.12%
Annual Interest Income$27.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.52B$1.46B
LoansQ2 2022vs Q2 2021$894.4MM$856.1MM
DepositsQ2 2022vs Q2 2021$1.40B$1.29B
Equity CapitalQ2 2022vs Q2 2021$107.4MM$140.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$13.4MM$13.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$15.0MM$24.7MM
Real Estate OwnedQ2 2022vs Q2 2021$16.00K$1.4MM
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
0.50%*$500k*-Cash Builder Money Market
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $10k | 0.30% $10k - $50k | 0.35% $50k - $100k | 0.40% $100k - $300k | 0.45% $300k - $500k

BankWest (SD) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%-$25kePlus
Locations

Availability

Sioux Falls Area

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