BankWest is headquartered in Rockford and is the 102nd largest bank in the state of Minnesota. It is also the 3,007th largest bank in the nation. It was established in 1948 and as of December of 2020, it had grown to 30 employees at 3 locations. BankWest 's money market rates are 36% higher than the national average, and it has an A health rating.
Overall | |
---|---|
FDIC Certificate # | 16704 |
Year Established | 1948 |
Employees | 30 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.15% |
Return on Equity - YTD | 13.06% |
Annual Interest Income | $6.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $205.6MM$155.4MM |
Loans | Q4 2020vs Q4 2019 | $96.6MM$93.7MM |
Deposits | Q4 2020vs Q4 2019 | $187.8MM$139.0MM |
Equity Capital | Q4 2020vs Q4 2019 | $16.6MM$15.4MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.4MM$1.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $92.00K$86.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $47.00K$181.00K |
Always verify rates and promotions with the bank or credit union. We are not BankWest ; we are a rate comparison website and cannot provide official rates or promotions.
* 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 |
---|---|---|---|---|
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 | ||
---|---|---|
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 |