BankWest is headquartered in Rockford and is the 97th largest bank in the state of Minnesota. It is also the 2,838th largest bank in the nation. It was established in 1948 and as of March of 2022, it had grown to 28 employees at 3 locations. BankWest 's money market rates are 36% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 16704 |
Year Established | 1948 |
Employees | 28 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.47% |
Return on Equity - YTD | 8.21% |
Annual Interest Income | $1.5MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $241.8MM$219.7MM |
Loans | Q1 2022vs Q1 2021 | $89.2MM$94.3MM |
Deposits | Q1 2022vs Q1 2021 | $229.3MM$202.5MM |
Equity Capital | Q1 2022vs Q1 2021 | $11.4MM$16.1MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $1.4MM$1.4MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $73.00K$75.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.10% | $100 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.80% | $2k | - | 60 Month CD | |
0.65% | $2k | - | 48 Month CD | |
0.50% | $2k | - | 36 Month CD | |
0.40% | $2k | - | 24 Month CD | |
0.30% | $2k | - | 12 Month CD | |
0.15% | $2k | - | 6 Month CD | |
0.10% | $2k | - | 3 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.65% | $2k | - | 30 Month IRA | |
0.50% | $2k | - | 18 Month IRA |
BankWest Locations | ||
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Hanover Branch | 11000 River Road Northeast | Hanover, MN 55341 |
Buffalo Branch | 311 10th Avenue South | Buffalo, MN 55313 |
Bankwest | 5921 Main Street | Rockford, MN 55373 |