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 673rd largest bank in the nation. It was established in 1889 and as of September of 2023, it had grown to 363 employees at 22 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
Employees363
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD6.73%
Annual Interest Income$61.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.64B$1.51B
LoansQ3 2023vs Q3 2022$1.02B$896MM
DepositsQ3 2023vs Q3 2022$1.4B$1.39B
Equity CapitalQ3 2023vs Q3 2022$111.7MM$98.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$13.4MM$13.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$5.9MM$14MM
Real Estate OwnedQ3 2023vs Q3 2022$634K$16K
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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