BankWest (SD)

Overview / Commentary

605-224-7391

420 South Pierre Street
Pierre, SD 57501

BankWest (SD) is headquartered in PIERRE and is the 11^th largest bank in the state of South Dakota. It is also the 668^th largest bank in the nation. It was established in 1889 and as of December of 2023, it had grown to 389 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

B+

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	4009
Year Established	1889
Employees	389
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	8.52%
Annual Interest Income	$86MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$1.68B$1.58B
Loans	Q4 2023vs Q4 2022	$1.06B$942MM
Deposits	Q4 2023vs Q4 2022	$1.41B$1.42B
Equity Capital	Q4 2023vs Q4 2022	$126.8MM$108.9MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$12.2MM$13.4MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$5.9MM$8.8MM
Real Estate Owned	Q4 2023vs Q4 2022	$776K$330K

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
4.00%^*	$2m^*	-	Cash Builder Money Market
OTHER TIERS: 0.15% → Up to $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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%	-	$25k	ePlus

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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