Bankwest Mortgage Rates, Fees & Info
PIERRE, SD
LEI: 5493007YN2BYYXCI7W64
Tax ID: 46-0177475
5 stars
-
out of 5 stars, based on 33 reviews
Jump to:
Mortgage Data
Bank Data
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
×
BANKWEST - 2021
BANKWEST is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for BANKWEST ?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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
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.
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 |