Bankwest
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Data as of · sourced from FFIEC call reports. How we update
Bankwest is an FDIC-insured commercial bank headquartered in Rockford, MN, established in 1948 (FDIC certificate 16704), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $239.9M, down 1.7% from Q2 2025, the 104th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 16.13% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16704
- Headquarters
- Rockford, MN
- Established
- 1948
- Total assets, Q2 2026
- $239.9M
- Assets vs Q2 2025
- -1.7%
- CET1 ratio, Q2 2026
- 16.13%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091916543
- Holding company
- BANKWEST FINANCIAL, INC.
- Asset rank in state
- 104th of 221 in Minnesota
Bankwest, based in Rockford, Minnesota, reported $240 million in assets at June 30, 2026, down 1.7% from a year earlier. It pays an average of 1.00% on its deposits and borrowings, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also lost 3.3% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Its $16 million non-owner-occupied commercial real estate book is now fully current, after 3.81% of it was past due or on nonaccrual a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 7.4% and deposits fell 3.3%. Where it has less room is capital: it funds 9.47% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Bankwest reported a CET1 capital ratio of 16.13%, a return on assets of 1.47%, a nonperforming-loan ratio of 0.08% and a Texas ratio of 2.88%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bankwest is the 104th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.6% to $239.9M, loans rose 0.8% and deposits rose 0.3%. 1-4 family residential loans made up 27.9% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 25.5%. The FDIC Summary of Deposits lists 3 offices for it, in Rockford, MN, Buffalo, MN and Hanover, MN; its Rockford office books 48% of its branch deposits. Judged on its Q2 2026 call report, Bankwest meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 5921 Main St, Rockford, MN 55373
- County
- Wright
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1948
- Former names
- Rockford State Bank (1975-2000)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 30
- Domestic deposits
- $217.5M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $240.3M
- Average total loans
- $135.2M
- Average interest-bearing deposits
- $161.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 1, 1948
- FDIC Cert
- 16704
- Fed RSSD
- 791353
- SEC CIK
- 1501834 → filed by BANKWEST FINANCIAL, INC.
- Website
- www.bankwestmn.com →
- Parent Holding Company
- BANKWEST FINANCIAL, INC. (RSSD 1134872)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Bankwest's total assets moved between a low of $236.6M (Q2 2024) and a high of $252.5M (Q1 2024) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$239.9M total assets against $243.9M; $220.2M total liabilities against $228.2M.
$135.2M net loans and leases against $125.9M; $217.5M total deposits against $225.0M.
$82.5M securities against $95.2M; $14.4M cash and balances due against $15.6M.
$3.0M total interest income against $2.8M; $541K total interest expense against $643K.
$2.5M net interest income against $2.2M.
$182K total noninterest income against $297K; $1.6M total noninterest expense against $1.5M.
$0 provision for credit losses against $0.
$885K net income against $955K.
1.47% return on assets against 1.58%; 4.39% net interest margin against 3.82%.
16.13% CET1 capital ratio against 15.63%; 9.47% tier 1 leverage ratio against 8.50%.
Inside the full Bankwest terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBankwest rankings
Its closest position to the top of a national ranking is 693 of 2,134, for CET1 ratio; its furthest is 2,761 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.84% (Q3 2024) to 1.58% (Q2 2025) and its net interest margin ran from 3.34% (Q3 2024) to 4.39% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.13% | 1.47% | 0.08% | 2.88% | 4.39% |
| Q1 2026 | 16.28% | 1.17% | 0.00% | 2.49% | 4.25% |
| Q4 2025 | 15.82% | 1.10% | 0.00% | 2.49% | 4.15% |
| Q3 2025 | 15.86% | 1.41% | 0.01% | 2.66% | 3.98% |
| Q2 2025 | 15.63% | 1.58% | 0.40% | 3.02% | 3.82% |
| Q1 2025 | 16.19% | 0.90% | 0.63% | 4.69% | 3.48% |
| Q4 2024 | 15.98% | 1.13% | 0.79% | 6.37% | 3.39% |
| Q3 2024 | 16.41% | 0.84% | 0.90% | 6.62% | 3.34% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bankwest (main office) | Rockford , MN | 55373 | $104.5M |
| Buffalo Branch | Buffalo , MN | 55313 | $64.4M |
| Hanover Branch | Hanover , MN | 55341 | $48.6M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- July 22, 2011, Federal Reserve: Written Agreement: BANKWEST Financial, Inc., Rockford, Minnesota
- Period: Most recent institution action July 22, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 129 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 34 applications, 30 loans originated, $8.4M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $475K approved, $475K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bankwest
What are Bankwest's total assets?
As of the Q2 2026 filing, Bankwest reported total assets of $239.9 million in its FFIEC call report.
Where is Bankwest headquartered?
It is headquartered in Rockford, MN, United States.
When was Bankwest founded?
It was established in 1948, per the FDIC institution directory.
Is Bankwest FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankwest?
Bankwest's primary federal regulator is the FDIC.
What is Bankwest's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.13% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Bankwest operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankwest's Texas Ratio?
Its Texas Ratio is 2.88% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bankwest previously called?
The charter now named Bankwest has also operated as Rockford State Bank (1975-2000), per FDIC structure-change records.
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