Bankwest, Incorporated
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Data as of · sourced from FFIEC call reports. How we update
Bankwest, Incorporated is an FDIC-insured commercial bank headquartered in Pierre, SD, established in 1889 (FDIC certificate 4009), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.93B, up 5.5% from Q2 2025, the 13th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 10.58% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 4009
- Headquarters
- Pierre, SD
- Established
- 1889
- Total assets, Q2 2026
- $1.93B
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 10.58%
- Domestic offices
- 22 FDIC institution directory, current count
- Routing number
- 091400538
- Holding company
- SOUTH DAKOTA BANCSHARES, INC.
- Asset rank in state
- 13th of 56 in South Dakota
Bankwest, Incorporated spends more to run itself than most banks of its size. Its balance sheet stood at $1.9 billion at June 30, 2026, up 5.5% from a year earlier; it is based in Pierre, South Dakota. It spends about 80 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also holds common equity equal to 10.58% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 13.52%).
Earnings jumped: net income for the quarter was $3.5 million, 59% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 2.76% of loans, down from 3.56% a year earlier. Credit is the area to watch: it carries problem assets equal to 24.3% of the capital and reserves that would absorb them, 6.8 times the median of 3.6% for banks its size.
As of June 30, 2026, Bankwest, Incorporated reported a CET1 capital ratio of 10.58%, a return on assets of 0.72%, a nonperforming-loan ratio of 2.76% and a Texas ratio of 24.27%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bankwest, Incorporated is the 13th largest of the 56 banks headquartered in South Dakota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.8% to $1.93B, loans rose 2.7% and deposits rose 0.4%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 21.6% of total loans, ahead of farmland and other real estate loans at 17.4%. The FDIC Summary of Deposits lists 22 offices for it, in 16 cities in SD; its Pierre 5 offices book 41% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bankwest, Incorporated meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 420 S Pierre St, Pierre, SD 57501
- County
- Hughes
- Metro Area
- Pierre, SD
- 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 30, 1889
- Former names
- BankWest, Inc. (1986); BankWest, National Association (1982-1986)
- Domestic offices
- 22 FDIC institution directory, current count
- Employees (FTE)
- 377
- Domestic deposits
- $1.65B
- Allowance for credit losses
- $15.2M
- Net charge-offs (YTD)
- -$234K
- Average total assets
- $1.94B
- Average total loans
- $1.39B
- Average interest-bearing deposits
- $1.15B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 4009
- Fed RSSD
- 540551
- SEC CIK
- 1487384 → filed by SOUTH DAKOTA BANCSHARES, INC.
- Website
- www.bankwest-sd.com →
- Parent Holding Company
- SOUTH DAKOTA BANCSHARES, INC. (RSSD 1124060)
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, Incorporated's total assets moved between a low of $1.64B (Q3 2023) and a high of $1.93B (Q2 2026) 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
$1.93B total assets against $1.83B; $1.77B total liabilities against $1.69B.
$1.39B net loans and leases against $1.29B; $1.65B total deposits against $1.49B.
$378.4M securities against $392.7M; $44.5M cash and balances due against $35.9M.
$27.6M total interest income against $25.2M; $9.6M total interest expense against $10.1M.
$18.0M net interest income against $15.1M.
$5.2M total noninterest income against $4.9M; $18.8M total noninterest expense against $17.1M.
$0 provision for credit losses against $1K.
$3.5M net income against $2.2M.
0.72% return on assets against 0.48%; 3.99% net interest margin against 3.51%.
10.58% CET1 capital ratio against 10.09%; 9.21% tier 1 leverage ratio against 9.17%.
Inside the full Bankwest, Incorporated terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bankwest, Incorporated rankings
Its closest position to the top of a national ranking is 107 of 3,640, for Texas Ratio; its furthest is 2,035 of 2,134, for CET1 ratio.
Metric pages for Bankwest, Incorporated: Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.36% (Q1 2025) to 0.95% (Q4 2025) and its net interest margin ran from 3.51% (Q2 2025) to 4.14% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.58% | 0.72% | 2.76% | 24.27% | 3.99% |
| Q1 2026 | 10.66% | 0.63% | 2.16% | 19.41% | 3.81% |
| Q4 2025 | 10.24% | 0.95% | 1.54% | 14.27% | 4.14% |
| Q3 2025 | 10.11% | 0.69% | 3.49% | 28.89% | 3.82% |
| Q2 2025 | 10.09% | 0.48% | 3.56% | 29.93% | 3.51% |
| Q1 2025 | 10.20% | 0.36% | 1.16% | 9.59% | 3.77% |
| Q4 2024 | 10.38% | 0.42% | 1.24% | 10.77% | 3.59% |
| Q3 2024 | 10.45% | 0.58% | 1.36% | 11.08% | 3.89% |
Swipe the table sideways to see every column.
Branch Network
View all 22 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, Inc. | Pierre , SD | 57501 | $611.8M |
| Gregory Branch | Gregory , SD | 57533 | $119.8M |
| Onida Branch | Onida , SD | 57564 | $101.7M |
| Rapid City Branch | Rapid City , SD | 57701 | $95.2M |
| Bankwest - Madison Branch | Madison , SD | 57042 | $87.8M |
| Bankwest Branch | Selby , SD | 57472 | $82.2M |
| Mitchell South Branch | Mitchell , SD | 57301 | $66.3M |
| First State Bank Branch | Armour , SD | 57313 | $64.5M |
| Harrison Hill Branch | Pierre , SD | 57501 | $56.8M |
| Winner Branch | Winner , SD | 57580 | $55.4M |
| Mitchell - Sanborn Blvd | Mitchell , SD | 57301 | $54.2M |
| Kadoka Branch | Kadoka , SD | 57543 | $50.7M |
| Kennebec Branch | Kennebec , SD | 57544 | $49.0M |
| Tripp Branch | Tripp , SD | 57376 | $40.3M |
| Colman Branch | Colman , SD | 57017 | $39.9M |
| Geddes Branch | Geddes , SD | 57342 | $35.2M |
| Delmont Branch | Delmont , SD | 57330 | $13.6M |
| Bankwest, Inc Spearfish Branch | Spearfish , SD | 57783 | $11.9M |
| Bankwest - Westhills Village | Rapid City , SD | 57701 | $6.0M |
| E Banking Center Branch | Pierre , SD | 57501 | $2.9M |
| Mobile Branch | Pierre , SD | 57501 | $0 |
| Capitol Avenue Branch | Pierre , SD | 57501 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2016 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 6, 1984 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 5, 1984 | Structure Change | Acquired The First National Bank of Selby Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 4, 1982 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 4, 1982 | Structure Change | Acquired Sully County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 1980 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1980 | Structure Change | Acquired Badlands State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in SD, rank 13 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,465 applications, 650 loans originated, $134.9M originated, across 13 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $650K approved, $325K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2017 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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, Incorporated
What are Bankwest, Incorporated's total assets?
As of the Q2 2026 filing, Bankwest, Incorporated reported total assets of $1.93 billion in its FFIEC call report.
Where is Bankwest, Incorporated headquartered?
It is headquartered in Pierre, SD, United States.
When was Bankwest, Incorporated founded?
It was established in 1889, per the FDIC institution directory.
Is Bankwest, Incorporated FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #4009). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankwest, Incorporated?
Bankwest, Incorporated's primary federal regulator is the FDIC.
What is Bankwest, Incorporated's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.58% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bankwest, Incorporated operate?
It operates 22 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankwest, Incorporated's Texas Ratio?
Its Texas Ratio is 24.27% 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, Incorporated previously called?
The charter now named Bankwest, Incorporated has also operated as BankWest, Inc. (1986), BankWest, National Association (1982-1986), per FDIC structure-change records.
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