Bankwest Mortgage Rates, Fees & Info

PIERRE, SD

LEI: 5493007YN2BYYXCI7W64

Tax ID: 46-0177475

5 stars - out of 5 stars, based on 33 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Overview

    Bankwest is a smaller bank specializing in Home Purchase loans. Bankwest has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Pierre, Rapid City, Mitchell, Minneapolis, and Sioux Falls among others. Bankwest has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bankwest is typically an average fee lendor.


    Originations

    1,064

    Origination Dollar Volume (All Markets)

    $179,760,000

    Employee count

    356 Show all (17) awards

    Relative Rate

    Bankwest 's average 30 year fixed rate mortgage of loans were 2.67%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.48%.

    Relative Fees

    Bankwest 's average total fees for a 30 year fixed rate mortgage are $4,160.

    The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 289 $54,275,000 $187,803 $4,033 3.66%
    Pierre, SD (FHA|USDA|VA) 225 $41,245,000 $183,311 $3,441 3.16%
    RAPID CITY, SD (FHA|USDA|VA) 137 $31,605,000 $230,693 $4,584 3.69%
    Mitchell, SD (FHA|USDA|VA) 87 $15,025,000 $172,701 $3,745 2.80%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 94 $7,630,000 $81,170 $5,323 6.43%
    SIOUX FALLS, SD (FHA|USDA|VA) 81 $6,785,000 $83,765 $3,314 5.55%
    Spearfish, SD (FHA|USDA|VA) 33 $5,235,000 $158,636 $3,448 4.39%
    Williston, ND (FHA|USDA|VA) 14 $1,970,000 $140,714 $5,332 4.19%
    Gillette, WY (FHA|USDA|VA) 8 $1,800,000 $225,000 $5,650 3.65%
    Vermillion, SD (FHA|USDA|VA) 4 $1,390,000 $347,500 $9,432 3.19%
    Brookings, SD (FHA|USDA|VA) 7 $1,295,000 $185,000 $2,177 4.90%
    Huron, SD (FHA|USDA|VA) 8 $950,000 $118,750 $3,309 2.14%
    BILLINGS, MT (FHA|USDA|VA) 6 $870,000 $145,000 $8,100 4.93%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $760,000 $380,000 $3,728 2.38%
    Yankton, SD (FHA|USDA|VA) 5 $705,000 $141,000 $5,878 5.10%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 4 $650,000 $162,500 $8,050 5.55%
    BISMARCK, ND (FHA|USDA|VA) 6 $650,000 $108,333 $3,635 5.10%
    Jamestown, ND (FHA|USDA|VA) 4 $620,000 $155,000 $0 6.54%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $515,000 $515,000 $3,821 2.75%
    Kearney, NE (FHA|USDA|VA) 3 $485,000 $161,667 $4,531 5.91%
    Minot, ND (FHA|USDA|VA) 4 $470,000 $117,500 $0 6.35%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $455,000 $455,000 $7,661 2.88%
    Marshall, MN (FHA|USDA|VA) 2 $380,000 $190,000 $3,334 2.44%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $325,000 $325,000 $6,097 3.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $7,500 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,196 3.25%
    Scottsboro, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.99%
    Watertown, SD (FHA|USDA|VA) 3 $235,000 $78,333 $0 6.60%
    Aberdeen, SD (FHA|USDA|VA) 4 $230,000 $57,500 $0 6.65%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $215,000 $215,000 $4,092 2.38%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.43%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $195,000 $195,000 $2,498 2.13%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,952 3.25%
    Rockport, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,338 2.63%
    Dickinson, ND (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.48%
    Brainerd, MN (FHA|USDA|VA) 1 $105,000 $105,000 $2,251 2.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,784 2.13%
    Red Wing, MN (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.38%
    BOULDER, CO (FHA|USDA|VA) 1 $95,000 $95,000 $3,285 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $95,000 $95,000 $1,861 2.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.10%
    CASPER, WY (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
    Kalispell, MT (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.35%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.20%
    MANKATO, MN (FHA|USDA|VA) 2 $60,000 $30,000 $0 6.10%
    Sheridan, WY (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.10%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.60%
    Austin, MN (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.85%
    Fremont, NE (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.35%
    Bozeman, MT (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.45%
    Rock Springs, WY (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.45%
    CHEYENNE, WY (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.85%

    Bankwest 's top markets include Pierre, Rapid City, Mitchell, Minneapolis, and Sioux Falls among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 898 $149,070,000 $166,002 $3,459 4.27%
    USDA 90 $14,370,000 $159,667 $4,701 2.61%
    FHA 41 $7,245,000 $176,707 $6,542 2.76%
    VA 35 $9,075,000 $259,286 $5,223 2.50%

    For the 2021 period, Bankwest 's most frequently originated loan type of loans were Conventional, with 898 originations. Their 2nd most popular type is USDA, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Home Purchase 738 $122,240,000 $165,637 $4,167 4.38%
    Refi 168 $32,850,000 $195,536 $3,410 3.04%
    Cash Out Refi 134 $22,990,000 $171,567 $3,967 3.28%
    Home Improvement 16 $820,000 $51,250 $1,183 4.37%
    Other 8 $860,000 $107,500 $4,434 1.97%

    For the 2021, Bankwest 's most frequently cited loan purpose of loans were Home Purchase, with 738 originations. The 2nd most popular reason of loans were Refi, with 168 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 493 $97,405,000 $197,576 $4,160 2.67%
    15 Year 225 $22,175,000 $98,556 $3,108 4.76%
    20 Year 128 $17,390,000 $135,859 $3,347 5.78%
    10 Year 92 $18,980,000 $206,304 $2,579 4.77%
    Other 82 $11,870,000 $144,756 $4,842 6.09%
    5 Year 32 $9,170,000 $286,563 $0 4.74%
    1 Year 11 $2,115,000 $192,273 $6,318 4.84%
    3 Year 1 $655,000 $655,000 $0 3.75%

    For the 2021, Bankwest 's most frequently cited loan length of loans were 30 Year, with 493 originations. The 2nd most popular length of loans were 15 Year, with 225 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 364 $63,490,000 $174,423
    $1k-2k 110 $15,220,000 $138,364
    $2k-3k 98 $17,120,000 $174,694
    $3k-4k 69 $20,585,000 $298,333
    $5k+ 9 $4,205,000 $467,222

    $4,160 of loans were Bankwest 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 364 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 280 $54,760,000 $195,571
    <2.5% 247 $46,065,000 $186,498
    6-7% 196 $16,240,000 $82,857
    3-4% 143 $40,995,000 $286,678
    5-6% 67 $4,585,000 $68,433
    4-5% 54 $12,310,000 $227,963
    7-8% 53 $3,095,000 $58,396
    Over 8% 24 $1,710,000 $71,250

    During 2021, Bankwest 's average interest rate of loans were 2.67%, while their most frequently originated rate bucket of loans were 2.5-3%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 401 $21,955,000 $54,751 $2,330 5.16%
    $100k-200k 373 $54,905,000 $147,198 $3,774 3.58%
    $200k-400k 238 $62,330,000 $261,891 $4,775 2.98%
    $400k-600k 42 $19,790,000 $471,190 $5,752 2.91%
    $1MM+ 7 $18,745,000 $2,677,857 $0 3.59%
    $600k-1MM 3 $2,035,000 $678,333 $0 3.70%

    2021 saw Bankwest place emphasis on $100,000 or less loans with 401 originations, totaling $21,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 309 $39,255,000 $127,039 $3,745 4.21%
    $50k or less 208 $17,830,000 $85,721 $3,290 4.36%
    $75k-100k 178 $27,730,000 $155,787 $4,373 4.10%
    $100k-150k 164 $33,050,000 $201,524 $4,488 3.52%
    $150k-250k 67 $15,115,000 $225,597 $3,846 3.87%
    $250k+ 24 $6,640,000 $276,667 $4,319 3.45%

    Bankwest lent most frequently to those with incomes in the $50k-75k range, with 309 originations. The second most popular income band? $50k or less, with 208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 255 $37,935,000 $148,765 $3,726 3.70%
    30-36% 212 $28,930,000 $136,462 $3,777 4.08%
    <20% 79 $12,995,000 $164,494 $3,256 3.36%
    39% 48 $7,910,000 $164,792 $3,765 3.89%
    37% 39 $6,405,000 $164,231 $4,976 4.24%
    36% 37 $5,175,000 $139,865 $4,516 3.96%
    41% 35 $4,675,000 $133,571 $4,345 4.32%
    42% 34 $5,220,000 $153,529 $3,742 4.81%
    44% 34 $5,870,000 $172,647 $4,079 4.11%
    38% 32 $4,860,000 $151,875 $3,756 4.18%
    40% 31 $4,625,000 $149,194 $4,378 4.13%
    43% 29 $5,385,000 $185,690 $5,229 4.18%
    45% 20 $2,640,000 $132,000 $4,118 4.47%
    46% 20 $3,090,000 $154,500 $5,563 4.80%
    49% 19 $1,975,000 $103,947 $3,900 4.67%
    47% 17 $2,935,000 $172,647 $4,559 4.70%
    48% 13 $1,775,000 $136,538 $3,760 5.01%
    50-60% 12 $1,670,000 $139,167 $4,330 3.97%
    >60% 1 $25,000 $25,000 $0 5.60%

    Bankwest lent most frequently to those with DTI ratios of 20-30%, with 255 originations. The next most common DTI ratio? 30-36%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 868 $133,290,000 $153,560 $3,940 3.88%
    Not applicable 79 $34,155,000 $432,342 $0 4.10%
    Not provided 59 $6,505,000 $110,254 $3,959 4.93%
    American Indian 36 $3,840,000 $106,667 $3,416 4.68%
    Asian 12 $840,000 $70,000 $1,724 5.09%
    Black 5 $695,000 $139,000 $4,853 5.42%
    Korean 1 $185,000 $185,000 $4,692 2.88%
    Native Hawaiian 2 $140,000 $70,000 $0 7.53%
    Other Pacific Islander 1 $55,000 $55,000 $0 8.00%
    Other Asian 1 $55,000 $55,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    66.32%

    Bankwest has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    76.15%

    Bankwest has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $65,000 $65,000
    1060.0 16 $440,000 $27,500
    1063.03 1 $25,000 $25,000
    1071.36 1 $25,000 $25,000
    1078.27 1 $25,000 $25,000
    1081.99 1 $25,000 $25,000
    1092.46 1 $25,000 $25,000
    1101.15 1 $25,000 $25,000
    1102.2 1 $25,000 $25,000
    1110.49 1 $25,000 $25,000
    1121.14 1 $25,000 $25,000
    1128.1 1 $25,000 $25,000
    1134.02 1 $25,000 $25,000
    1136.64 1 $25,000 $25,000
    1138.21 1 $25,000 $25,000
    1150.17 1 $35,000 $35,000
    1161.85 1 $35,000 $35,000
    1165.44 1 $35,000 $35,000
    1169.2 1 $35,000 $35,000
    1175.88 1 $35,000 $35,000
    1199.49 1 $35,000 $35,000
    1200.8 1 $35,000 $35,000
    1205.91 1 $35,000 $35,000
    1212.54 1 $25,000 $25,000
    1218.6 1 $35,000 $35,000
    1223.5 1 $35,000 $35,000
    1230.8 1 $35,000 $35,000
    1238.87 1 $35,000 $35,000
    1238.98 1 $35,000 $35,000
    1240.84 1 $25,000 $25,000
    1241.5 1 $35,000 $35,000
    1252.91 1 $35,000 $35,000
    1254.44 1 $35,000 $35,000
    1260.8 1 $35,000 $35,000
    1262.02 1 $35,000 $35,000
    1264.26 1 $35,000 $35,000
    1275.2 1 $35,000 $35,000
    1281.0 1 $35,000 $35,000
    1282.87 1 $35,000 $35,000
    1283.45 1 $25,000 $25,000
    1290.33 1 $35,000 $35,000
    1290.68 1 $35,000 $35,000
    1290.8 1 $35,000 $35,000
    1291.78 1 $35,000 $35,000
    1303.25 1 $35,000 $35,000
    1310.69 1 $35,000 $35,000
    1321.2 1 $35,000 $35,000
    1331.13 1 $35,000 $35,000
    1334.0 1 $35,000 $35,000
    1335.8 1 $35,000 $35,000
    1342.07 1 $35,000 $35,000
    1342.73 1 $35,000 $35,000
    1352.58 1 $45,000 $45,000
    1361.2 1 $45,000 $45,000
    1363.78 1 $45,000 $45,000
    1367.19 1 $35,000 $35,000
    1371.0 1 $45,000 $45,000
    1371.89 1 $45,000 $45,000
    1374.18 1 $45,000 $45,000
    1383.53 1 $45,000 $45,000
    1391.41 1 $45,000 $45,000
    1392.35 1 $45,000 $45,000
    1395.6 1 $45,000 $45,000
    1400.19 1 $45,000 $45,000
    1408.9 1 $45,000 $45,000
    1413.3 1 $45,000 $45,000
    1414.0 1 $45,000 $45,000
    1417.63 1 $45,000 $45,000
    1418.13 1 $45,000 $45,000
    1419.1 1 $45,000 $45,000
    1419.2 1 $45,000 $45,000
    1420.68 1 $45,000 $45,000
    1420.8 1 $45,000 $45,000
    1431.59 1 $45,000 $45,000
    1431.6 1 $45,000 $45,000
    1435.22 1 $45,000 $45,000
    1446.8 1 $45,000 $45,000
    1450.0 1 $75,000 $75,000
    1451.4 1 $45,000 $45,000
    1456.52 1 $45,000 $45,000
    1461.88 1 $45,000 $45,000
    1462.31 1 $45,000 $45,000
    1467.06 1 $45,000 $45,000
    1467.91 1 $45,000 $45,000
    1469.63 1 $45,000 $45,000
    1469.73 1 $45,000 $45,000
    1472.63 1 $45,000 $45,000
    1477.2 1 $45,000 $45,000
    1477.49 1 $45,000 $45,000
    1480.7 1 $45,000 $45,000
    1498.46 1 $45,000 $45,000
    1503.6 1 $45,000 $45,000
    1505.33 1 $45,000 $45,000
    1507.52 1 $45,000 $45,000
    1508.91 1 $35,000 $35,000
    1512.69 1 $45,000 $45,000
    1517.48 1 $45,000 $45,000
    1525.02 1 $45,000 $45,000
    1532.8 1 $45,000 $45,000
    1537.2 1 $45,000 $45,000
    1543.32 1 $55,000 $55,000
    1543.37 1 $55,000 $55,000
    1545.34 1 $55,000 $55,000
    1550.22 1 $45,000 $45,000
    1565.57 1 $55,000 $55,000
    1565.8 1 $45,000 $45,000
    1566.8 1 $55,000 $55,000
    1569.86 1 $55,000 $55,000
    1571.2 1 $55,000 $55,000
    1587.97 1 $55,000 $55,000
    1589.55 1 $55,000 $55,000
    1593.81 1 $55,000 $55,000
    1599.6 1 $55,000 $55,000
    1621.12 1 $55,000 $55,000
    1628.1 1 $55,000 $55,000
    1642.02 1 $55,000 $55,000
    1644.84 1 $55,000 $55,000
    1647.6 1 $55,000 $55,000
    1648.3 1 $55,000 $55,000
    1650.8 1 $55,000 $55,000
    1651.6 1 $55,000 $55,000
    1656.0 1 $55,000 $55,000
    1659.14 1 $55,000 $55,000
    1659.24 1 $35,000 $35,000
    1662.49 1 $55,000 $55,000
    1684.0 1 $55,000 $55,000
    1686.8 1 $55,000 $55,000
    1688.37 1 $55,000 $55,000
    1690.97 1 $55,000 $55,000
    1691.2 1 $55,000 $55,000
    1725.46 1 $55,000 $55,000
    1726.57 1 $55,000 $55,000
    1727.98 1 $55,000 $55,000
    1732.92 1 $55,000 $55,000
    1742.75 1 $65,000 $65,000
    1747.66 1 $65,000 $65,000
    1748.99 1 $65,000 $65,000
    1749.8 1 $65,000 $65,000
    1752.03 1 $65,000 $65,000
    1761.2 1 $65,000 $65,000
    1767.51 1 $65,000 $65,000
    1786.56 1 $65,000 $65,000
    1792.47 1 $65,000 $65,000
    1792.97 1 $65,000 $65,000
    1801.19 1 $55,000 $55,000
    1809.13 1 $55,000 $55,000
    1811.1 1 $65,000 $65,000
    1812.06 1 $65,000 $65,000
    1818.21 1 $65,000 $65,000
    1839.36 1 $65,000 $65,000
    1840.04 1 $65,000 $65,000
    1849.85 1 $65,000 $65,000
    1855.51 1 $65,000 $65,000
    1857.53 1 $65,000 $65,000
    1863.51 1 $65,000 $65,000
    1863.67 1 $65,000 $65,000
    1870.35 1 $65,000 $65,000
    1893.8 1 $65,000 $65,000
    1896.9 1 $65,000 $65,000
    1903.47 1 $65,000 $65,000
    1909.02 1 $65,000 $65,000
    1910.3 1 $65,000 $65,000
    1918.49 1 $65,000 $65,000
    1919.98 1 $65,000 $65,000
    1941.47 1 $75,000 $75,000
    1941.72 1 $75,000 $75,000
    1964.33 1 $65,000 $65,000
    1964.72 1 $75,000 $75,000
    1969.2 1 $75,000 $75,000
    1971.29 1 $75,000 $75,000
    1977.97 1 $75,000 $75,000
    1984.57 1 $75,000 $75,000
    1989.7 1 $75,000 $75,000
    2000.0 1 $125,000 $125,000
    2000.4 1 $75,000 $75,000
    2003.28 1 $75,000 $75,000
    2009.48 1 $75,000 $75,000
    2019.62 1 $75,000 $75,000
    2028.01 1 $75,000 $75,000
    2031.89 1 $75,000 $75,000
    2053.48 1 $75,000 $75,000
    2053.88 1 $75,000 $75,000
    2075.76 1 $75,000 $75,000
    2093.23 1 $75,000 $75,000
    2100.8 1 $75,000 $75,000
    2102.02 1 $75,000 $75,000
    2110.74 1 $75,000 $75,000
    2110.8 1 $75,000 $75,000
    2124.56 1 $75,000 $75,000
    2129.2 1 $85,000 $85,000
    2167.22 1 $85,000 $85,000
    2183.05 1 $85,000 $85,000
    2185.2 1 $85,000 $85,000
    2189.4 1 $85,000 $85,000
    2191.57 1 $85,000 $85,000
    2192.09 1 $85,000 $85,000
    2227.4 1 $85,000 $85,000
    2233.32 1 $85,000 $85,000
    2235.78 1 $85,000 $85,000
    2269.58 1 $85,000 $85,000
    2269.65 1 $85,000 $85,000
    2315.25 1 $85,000 $85,000
    2326.37 1 $85,000 $85,000
    2337.92 1 $95,000 $95,000
    2345.04 1 $65,000 $65,000
    2354.46 1 $95,000 $95,000
    2370.19 1 $95,000 $95,000
    2399.78 1 $95,000 $95,000
    2419.52 1 $95,000 $95,000
    2421.46 1 $95,000 $95,000
    2424.48 1 $95,000 $95,000
    2452.38 1 $95,000 $95,000
    2473.42 1 $95,000 $95,000
    2496.22 1 $95,000 $95,000
    2508.8 1 $95,000 $95,000
    2528.29 1 $55,000 $55,000
    2542.8 1 $105,000 $105,000
    2550.3 1 $105,000 $105,000
    2570.8 1 $105,000 $105,000
    2571.2 1 $105,000 $105,000
    2571.26 1 $105,000 $105,000
    2572.0 1 $105,000 $105,000
    2574.0 1 $105,000 $105,000
    2575.68 1 $105,000 $105,000
    2576.79 1 $105,000 $105,000
    2578.19 1 $105,000 $105,000
    2606.36 1 $105,000 $105,000
    2632.18 1 $105,000 $105,000
    2638.2 1 $105,000 $105,000
    2674.72 1 $105,000 $105,000
    269.27 1 $75,000 $75,000
    2693.48 1 $105,000 $105,000
    2707.56 1 $105,000 $105,000
    2729.67 1 $115,000 $115,000
    2744.9 1 $115,000 $115,000
    2786.28 1 $65,000 $65,000
    2789.2 1 $115,000 $115,000
    2793.02 1 $115,000 $115,000
    2794.15 1 $115,000 $115,000
    2854.85 1 $115,000 $115,000
    2923.34 1 $125,000 $125,000
    2932.78 1 $125,000 $125,000
    2976.49 1 $125,000 $125,000
    2983.2 1 $125,000 $125,000
    3042.51 1 $125,000 $125,000
    3078.06 1 $125,000 $125,000
    3081.34 1 $125,000 $125,000
    3139.58 1 $135,000 $135,000
    3161.4 1 $135,000 $135,000
    3202.09 1 $135,000 $135,000
    3202.33 1 $135,000 $135,000
    3209.96 1 $135,000 $135,000
    3329.76 1 $145,000 $145,000
    3409.2 1 $145,000 $145,000
    3440.99 1 $145,000 $145,000
    3461.37 1 $145,000 $145,000
    3485.91 1 $145,000 $145,000
    3538.11 1 $155,000 $155,000
    3575.34 1 $155,000 $155,000
    3599.15 1 $155,000 $155,000
    3625.01 1 $155,000 $155,000
    3788.94 1 $165,000 $165,000
    3814.18 1 $165,000 $165,000
    4026.96 1 $175,000 $175,000
    4038.83 1 $175,000 $175,000
    4098.66 1 $185,000 $185,000
    4247.85 1 $175,000 $175,000
    4271.29 1 $185,000 $185,000
    4533.31 1 $205,000 $205,000
    4562.18 1 $205,000 $205,000
    4878.33 1 $225,000 $225,000
    5009.45 1 $225,000 $225,000
    5381.23 1 $245,000 $245,000
    560.0 1 $95,000 $95,000
    800.0 4 $240,000 $60,000
    855.24 1 $35,000 $35,000
    975.0 1 $55,000 $55,000
    NA 769 $159,305,000 $207,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,064 $179,760,000 $168,947

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $3,465,000 $105,000 $2,449 3.35%
    40-60% 98 $15,300,000 $156,122 $3,399 3.45%
    60-80% 305 $65,905,000 $216,082 $3,852 3.90%
    80-100% 562 $89,470,000 $159,199 $4,391 4.35%
    Over 100% 23 $4,345,000 $188,913 $10,004 5.12%
    Under 20% 38 $1,100,000 $28,947 $289 1.68%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OZK Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bankwest, Inc. 101 Main Street Onida, SD 57564 Full Service B&M $67,159
    Bankwest, Inc. 1015 Main Street Kadoka, SD 57543 Full Service B&M $37,298
    Bankwest, Inc. 1046 Makenda Ave Madison, SD 57042 Full Service B&M $11,645
    Bankwest, Inc. 107 South Highland Avenue Pierre, SD 57501 Full Service B&M $0
    Bankwest, Inc. 110 West 2nd Street Winner, SD 57580 Full Service B&M $56,315
    Bankwest, Inc. 112 West Main Street Delmont, SD 57330 Full Service B&M $14,778
    Bankwest, Inc. 1200 East Spruce Mitchell, SD 57301 Full Service B&M $75,332
    Bankwest, Inc. 1611 North Harrison Pierre, SD 57501 Full Service B&M $49,382
    Bankwest, Inc. 1920 North Sanborn Boulevard Mitchell, SD 57301 Full Service B&M $36,859
    Bankwest, Inc. 210 North Main Street Tripp, SD 57376 Full Service B&M $35,983
    Bankwest, Inc. 213 S. Main St. Kennebec, SD 57544 Full Service B&M $42,802
    Bankwest, Inc. 218 Main Ave Geddes, SD 57342 Full Service B&M $27,182
    Bankwest, Inc. 255 Texas Street Rapid City, SD 57701 Full Service B&M $2,895
    Bankwest, Inc. 311 Omaha Street Rapid City, SD 57701 Full Service B&M $73,921
    Bankwest, Inc. 420 S Pierre St Pierre, SD 57501 Full Service Cyber Office $4,206
    Bankwest, Inc. 420 South Pierre Street Pierre, SD 57501 Limited, Mobile/Seasonal Office $0
    Bankwest, Inc. 420 South Pierre Street Pierre, SD 57501 Full Service B&M $506,292
    Bankwest, Inc. 4400 Main Street Selby, SD 57472 Full Service B&M $73,166
    Bankwest, Inc. 615 Main Street Gregory, SD 57533 Full Service B&M $112,155
    Bankwest, Inc. 703 Main Street Armour, SD 57313 Full Service B&M $58,546

    For 2021, Bankwest had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,030
    Net interest income $46,737
    Total noninterest income $22,483
    Gross Fiduciary activities income $1,678
    Service charges on deposit accounts $1,397
    Trading account gains and fees $0
    Additional Noninterest Income $19,408
    Pre-tax net operating income $19,707
    Securities gains (or losses, -) $-250
    Income before extraordinary items $14,722
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,722
    Minority interest net income $0
    Net income $14,722
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,919

    Bankwest 's gross interest income from loans was $52,030,000.
    Bankwest 's net interest income from loans was $46,737,000.
    Bankwest 's fee based income from loans was $1,397,000.
    Bankwest 's net income from loans was $14,722,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,293
    Provision for credit losses $225
    Total noninterest expense $49,288
    Salaries and employee benefits $28,693
    Premises and equipment expense $9,322
    Additional noninterest expense $11,273
    Applicable income taxes $4,735
    Net charge-offs $409
    Cash dividends $5,000

    Bankwest 's interest expense for loans was $5,293,000.
    Bankwest 's payroll and benefits expense were $28,693,000.
    Bankwest 's property, plant and equipment expenses $9,322,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 10.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,334,882
    Deposits held in domestic offices $1,334,882
    Deposits by Individuals, partnerships, and corporations $1,182,809
    Deposits by U.S. Government $9
    Deposits by States and political subdivisions in the U.S. $150,077
    Deposits by Commercial banks and other depository institutions in U.S. $1,987
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $635,643
    Demand deposits $483,788
    Nontransaction accounts $699,239
    Money market deposit accounts (MMDAs) $412,347
    Other savings deposits (excluding MMDAs) $82,371
    Total time deposits $204,521
    Total time and savings deposits $851,094
    Noninterest-bearing deposits $300,255
    Interest-bearing deposits $1,034,628
    Retail deposits $1,255,606
    IRAs and Keogh plan accounts $23,347
    Brokered deposits $52,273
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,502,665
    Cash & Balances due from depository institutions $35,179
    Interest-bearing balances $20,980
    Total securities $499,414
    Federal funds sold & reverse repurchase $73,525
    Net loans and leases $828,188
    Loan and leases loss allowance $13,658
    Trading account assets $0
    Bank premises and fixed assets $25,483
    Other real estate owned $46
    Goodwill and other intangibles $4,306
    All other assets $36,524

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,502,665
    Total Liabilities $1,363,125
    Total deposits $1,334,882
    Interest-bearing deposits $1,034,628
    Deposits held in domestic offices $1,334,882
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $28,243

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $828,188
    Loan and leases loss allowance $13,658
    Total loans and leases (domestic) $841,846
    All real estate loans $467,474
    Real estate loans in domestic offices $467,474
    Construction and development loans $34,010
    Residential 1-4 family construction $18,322
    Other construction, all land development and other land $15,688
    Loans secured by nonfarm nonresidential properties $132,739
    Nonfarm nonresidential secured by owner-occupied properties $7,418
    Commercial real estate & other non-farm, non-residential $125,321
    Multifamily residential real estate $47,428
    1-4 family residential loans $68,176
    Farmland loans $185,121
    Loans held in foreign offices $0
    Farm loans $181,080
    Commercial and industrial loans $79,339
    To non-U.S. addressees $0
    Loans to individuals $103,250
    Credit card loans $362
    Related Plans $968
    Consumer Auto Loans $13,969
    Other loans to individuals $87,951
    All other loans & leases $10,703
    Loans to foreign governments and official institutions $0
    Other loans $1,820
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $238
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,373
    Non 1-4 family restructured loans & leases $1,255
    Total loans and leases (foreign) $0

    BANKWEST had $828,188,000 of loans outstanding in 2021. $467,474,000 of loans were in real estate loans. $34,010,000 of loans were in development loans. $47,428,000 of loans were in multifamily mortgage loans. $68,176,000 of loans were in 1-4 family mortgage loans. $181,080,000 of loans were in farm loans. $362,000 of loans were in credit card loans. $13,969,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 255 $50,257 $197,086
    Nonfarm, nonresidential loans - <$100k 83 $3,010 $36,265
    Nonfarm, nonresidential loans - $100-250k 83 $11,066 $133,325
    Nonfarm, nonresidential loans - $250k-1MM 89 $36,181 $406,528
    Commercial & Industrial, US addressed loans - <$1MM 691 $41,819 $60,520
    Commercial & Industrial, US addressed loans - <$100k 502 $13,214 $26,323
    Commercial & Industrial, US addressed loans - $100-250k 123 $11,853 $96,366
    Commercial & Industrial, US addressed loans - $250k-1MM 66 $16,752 $253,818
    Farmland loans - <$1MM 428 $54,295 $126,857
    Farmland loans - <$100k 146 $6,076 $41,616
    Farmland loans - $100-250k 163 $20,159 $123,675
    Farmland loans - $250k-1MM 119 $28,060 $235,798
    Agriculture operations loans - <$1MM 1,367 $85,343 $62,431
    Agriculture operations loans - <$100k 920 $23,408 $25,443
    Agriculture operations loans - $100-250k 306 $28,177 $92,082
    Agriculture operations loans - $250k-1MM 141 $33,758 $239,418