BANKWEST
Rockford, MN
IDRSSD: 791353
Total Assets
$244.44M
Latest filing
Total Deposits
$223.85M
Latest filing
Net Interest Margin
3.93%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
BANKWEST
5921 Main St
Rockford, MN 55373
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1948FDIC Certificate 10827
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| BANKWEST (Main) | 5921 Main St | Rockford, MN |
| HANOVER BRANCH | 11000 River Rd Ne | Hanover, MN |
| BUFFALO BRANCH | 311 10th Ave S | Buffalo, MN |
Showing 2 of 2
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
Commerce Bank
Geneva, Minnesota
→
Assets: $246.02MΔ +0.9%
Center National Bank
Litchfield, Minnesota
→
Assets: $239.09MΔ -2.0%
Grand Rapids State Bank
Grand Rapids, Minnesota
→
Assets: $237.24MΔ -2.7%
Security Bank USA
Bemidji, Minnesota
→
Assets: $252.20MΔ +3.4%
Cornerstone State Bank
Montgomery, Minnesota
→
Assets: $235.41MΔ -3.5%
Harvest Bank
Kimball, Minnesota
→
Assets: $231.56MΔ -5.1%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1948 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55373 |
| State and County Number | 27171 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Minneapolis-St. Paul-Bloomington, MN-WI |
Operational Info
| Number of Employees | 30 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 06/01/1948 |
| Primary Insurance Agency | DIF |
| Website | www.bankwestmn.com |
| Data Updated | 11/14/2025 |
| CERT | 16704 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $244.44M |
| Total Deposits | $223.85M |
| Total Liabilities | $226.49M |
| Total Equity Capital | $17.95M |
| Net Income | $865.00k |
| Net Loans and Leases | $128.93M |
| Assets Per Employee ($Millions) | $7.89M |
| Bank Premises and Fixed Assets | $3.19M |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $223.85M |
Key Performance Ratios
| Return on Assets (ROA) | 1.42% |
| Return on Equity (ROE) | 20.55% |
| Net Interest Margin | 3.93% |
| Efficiency Ratio | 63.13% |
| Tier 1 Risk-Based Capital Ratio | 15.86% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.343% |
| Earning Assets to total Assets | 95.45% |
Income and Expense
| Total Interest Income | $2.93M |
| Total Noninterest Income | $152.00k |
| Total Interest Expense | $648.00k |
| Total Noninterest Expense | $1.54M |
| Net Interest Income | $2.29M |
| Pre-tax Net Operating Income | $899.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $502.00k |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $6.15M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.64M |
| Total Liabilities and Capital | $244.44M |
Securities
| Securities | $96.28M |
| Available-for-sale debt securities | $96.28M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of BANKWEST?
$244.44M as of the latest filing.
How much are BANKWEST's total deposits?
$223.85M in total deposits.
Where is BANKWEST located?
Rockford, MN.
What is the Net Interest Margin?
3.93%.
How many domestic offices does it operate?
3.
When was it established?
01/01/1948.
What is the Return on Assets (ROA)?
1.42%.
How much are total loans and leases?
$128.93M (latest filing).
What is the total interest income (latest filing)?
$2.93M.