Bankwest, Inc.
FDIC #4009
📍 Pierre, South Dakota
Bankwest, Inc. is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 08/30/1889. With assets of $1.64 Billion, it operates 22 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
August 1, 2023
Satisfactory
May 1, 2020
Satisfactory
March 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.64 Billion
Total Deposits$1.40 Billion
Equity Capital$111.67 Million
Net Income$5.69 Million
📈 Performance
ROA0.47%
ROE6.73%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established08/30/1889
FDIC Cert4009
Holding CoSouth Dakota Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 5:30 PM
Tuesday7:30 AM - 5:30 PM
Wednesday7:30 AM - 5:30 PM
Thursday7:30 AM - 5:30 PM
Friday7:30 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2016
Merger / Acquisition
Acquired: First State Bank
1994
Name Change
Name became: Changed Institution Name To Bankwest, Inc..
1985
Merger / Acquisition
Acquired: The First National Bank Of Selby
1982
Name Change
Name became: Changed Institution Name To Bankwest, National Association.
1982
Merger / Acquisition
Acquired: Sully County Bank