Dakota Western Bank
FDIC #8637
📍 Bowman, North Dakota
Dakota Western Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 01/01/1910. With assets of $376.86 Million, it operates 5 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 9, 2022
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
May 9, 2022
Satisfactory
April 16, 2018
Satisfactory
December 16, 2013
Satisfactory
💰 Financial Strength
Total Assets$376.86 Million
Total Deposits$324.99 Million
Equity Capital$23.96 Million
Net Income$3.57 Million
📈 Performance
ROA1.34%
ROE18.38%
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
Established01/01/1910
FDIC Cert8637
Holding CoDakota Western Bankshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2022
Name Change
Name became: Changed Institution Name To Dakota Western Bank.
2011
Relocation
Moved HQ to: 202 South Main Street, Bowman, ND 58623.
2001
Merger / Acquisition
Acquired: West River State Bank
1994
Name Change
Name became: Changed Institution Name To The Dakota Western Bank.
1994
Relocation
Moved HQ to: 302 South Main Street, Bowman, ND 58623.
📍 Branch Locations (5)
West River State Bank Branch
Adams Avenue And Fourth Street
Hettinger, North Dakota 58639
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Adams Avenue And Fourth Street
Hettinger, North Dakota 58639
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