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 691^st 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 7X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	4009
Year Established	1889
Employees	369
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.58%
Return on Equity - YTD	7.12%
Annual Interest Income	$27.2MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$1.52B$1.46B
Loans	Q2 2022vs Q2 2021	$894.4MM$856.1MM
Deposits	Q2 2022vs Q2 2021	$1.40B$1.29B
Equity Capital	Q2 2022vs Q2 2021	$107.4MM$140.4MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$13.4MM$13.6MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$15.0MM$24.7MM
Real Estate Owned	Q2 2022vs Q2 2021	$16.00K$1.4MM

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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