BANKWEST
Rockford, MN
IDRSSD: 791353
Total Assets
$247.82M
Latest filing
Total Deposits
$225.89M
Latest filing
Net Interest Margin
4.06%
Profitability
Key People
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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 01/30/2026Established 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
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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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 | 31 |
| 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 | 01/30/2026 |
| CERT | 16704 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $247.82M |
| Total Deposits | $225.89M |
| Total Liabilities | $228.72M |
| Total Equity Capital | $19.10M |
| Net Income | $677.00k |
| Net Loans and Leases | $133.63M |
| Assets Per Employee ($Millions) | $7.74M |
| Bank Premises and Fixed Assets | $3.16M |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $225.89M |
Key Performance Ratios
| Return on Assets (ROA) | 1.1% |
| Return on Equity (ROE) | 14.62% |
| Net Interest Margin | 4.06% |
| Efficiency Ratio | 65.76% |
| Tier 1 Risk-Based Capital Ratio | 15.825% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.13% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.708% |
| Earning Assets to total Assets | 95.48% |
Income and Expense
| Total Interest Income | $3.00M |
| Total Noninterest Income | $142.00k |
| Total Interest Expense | $618.00k |
| Total Noninterest Expense | $1.66M |
| Net Interest Income | $2.39M |
| Pre-tax Net Operating Income | $783.00k |
| Provision for Credit Losses | $83.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $502.00k |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $6.50M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.82M |
| Total Liabilities and Capital | $247.82M |
Securities
| Securities | $94.62M |
| Available-for-sale debt securities | $94.62M |
| Equity securities with readily determinable fair values not held for trading | — |
| 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?
$247.82M as of the latest filing.
How much are BANKWEST's total deposits?
$225.89M in total deposits.
Where is BANKWEST located?
Rockford, MN.
What is the Net Interest Margin?
4.06%.
How many domestic offices does it operate?
3.
When was it established?
01/01/1948.
What is the Return on Assets (ROA)?
1.1%.
How much are total loans and leases?
$133.63M (latest filing).
What is the total interest income (latest filing)?
$3.00M.