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Overview / Commentary
763-477-5231
5921 Main Street
Rockford, MN 55373

BankWest is headquartered in Rockford and is the 126th largest bank in the state of Minnesota. It is also the 3,648th largest bank in the nation. It was established in 1948 and as of December of 2017, it had grown to 31 employees at 3 locations. BankWest has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16704
Year Established1948
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD15.99%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$139.4MM$137.2MM
LoansQ4 2017vs Q4 2016$93.7MM$88.3MM
DepositsQ4 2017vs Q4 2016$126.4MM$124.9MM
Equity CapitalQ4 2017vs Q4 2016$12.2MM$11.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.2MM$1.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$92.00K$335.00K
Real Estate OwnedQ4 2017vs Q4 2016$603.00K$1.2MM
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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Savings Account

BankWest Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2k-Money Market Savings Account

BankWest Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Premier Business Earnings Credit
0.50%--Premier Business Plus Earnings Credit
0.50%*-$15kKasasa Cash
OTHER TIERS: 0.11% $15k+
0.20%--Analysis Account Earnings Credit
0.15%$50-Preferred Checking
0.10%$500-Premier Plus Business Checking

BankWest CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$2k-60 Month CD
0.60%$2k-48 Month CD
0.50%$2k-3 Month CD
0.50%$2k-36 Month CD
0.40%$2k-24 Month CD
0.20%$2k-12 Month CD
0.10%$2k-6 Month CD

BankWest IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2k-30 Month IRA
0.30%$2k-18 Month IRA
Locations


BankWest Locations
Hanover Branch11000 River Road NortheastHanover, MN 55341
Buffalo Branch311 10th Avenue SouthBuffalo, MN 55313
Bankwest5921 Main StreetRockford, MN 55373

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